Top 5 Online Banks

Compare top challenger banks & pick the ultimate banking experience!

Simple, mobile-only banking
No deposit needed, get approved fast
All listed apps are regulated & secure
Available on:
1
Transfer Fees: Low
2
Transfer Fees: Low
3
Transfer Fees: Low
4
Transfer Fees: Low
5
Transfer Fees: Med
Service
Debit/Credit Card
ATM Withdrawal Fee
Score
Key Features
Open Account
1
Monese Card
Award-Winning Budgeting Features

€1 per withdrawal

98
Exclusive! Get €15 back on your 1st card transaction!
Use Code: TOP10TRF
No minimum deposit
Set up in-app recurring/routine payments
VISIT SITE
Pricing Plans
ADDITIONAL FEATURES
  • Withdraw cash at ATMs globally
  • Instant notifications & budgeting tools
  • Contactless, 3D Secure Mastercard debit card
  • Fast and cheap international transfers
  • Card locking via the Monese app
  • Accepted in 200+ countries, app available in 12 languages
PAYMENT OPTIONS
  • Bank transfer
  • ‘Faster Payments Service’ (FPS)
  • Apple Pay
  • Euro accounts – Fast SEPA payments
2
N26 MasterCard

Up to 5 free withdrawals

95
3D Secure Mastercard-Apple & Google Pay™
Save up for a specific goal via sub-accounts
Pricing Plans
Additional Features
  • Free payments in any currency
  • International transfers to 19 countries
  • Allianz insurance package
  • CASH26 – Mobile withdraw and deposit cash for free (Germany)
  • Secured transactions with Touch ID (fingerprint)
  • Freeze your card/account option through App
  • 1.5 million customers across the EU
Payment options
  • Local Transactions via MoneyBeam
  • International Transactions via Transferwise
  • In store/online contactless payments
3
Payoneer MasterCard

Up to 20 withdrawals (Limit of $5000)

92
USD, EUR, GBP, JPY, AUD, CAD & CNY local accounts
Receive cross-border payments in minutes
Pricing Plans
ADDITIONAL FEATURES
  • Great for online sellers, freelancers & small business owners
  • Use your card at ATMs worldwide & for online/in-store purchases
  • Withdraw funds to your local bank account in your local currency
  • Free invoice builder
PAYMENT OPTIONS
  • Send & receive money to/from another Payoneer account for free
  • Credit card
  • eCheck
  • Local bank transfer
4
Monzo card

Up to £200 – Free

Over £200 – 3% 

88
Instant notifications for transactions
In-app freeze/unfreeze account (if Mastercard is lost)
Pricing Plans
ADDITIONAL FEATURES
  • UK Current Account 
  • 1% interest on any savings over £1,000. 
  • App notifications for all your account activity
  • Easy savings pots for particular purposes
  • Freeze/unfreeze account from the app
PAYMENT OPTIONS
  • Bank transfer
  • Monzo account
5
Revolut card

Free (up to £200/month)

Over £200 – 2% 

84
Built-in budgeting features for savings, payments etc.
Instant exchange of 24 currencies into cryptocurrency
Pricing Plans
ADDITIONAL FEATURES
  • Free UK current account
  • Free Euro IBAN account
  • Freeze/unfreeze card directly from the app
  • Saving money: round up transactions/set one-off contributions
  • Buy Cryptocurrency (Bitcoin, Litecoin, Ethereum etc.)
  • Instant spending notifications
  • Transfer money to 24 different currencies
  • Set up recurring payments
  • Advanced travel insurances
PAYMENT OPTIONS
  • SWIFT payments
  • Euro account – SEPA payments available
  • Transfer money to the USA via ACH number 

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Top10moneytransfer.com is an independent professional comparison site that provides users with free and valuable information on leading money transfer services. Top10moneytransfer.com is supported by referral fees from listed companies. We do not provide a listing of each and every company in the market. We do not guarantee 100% accuracy of the information. The information which appears on this site is subject to change at any time. We aim to help users make an informed choice that best suits their particular needs.

Latest Reviews

"Easy sign-up, easy banking, great app and great communication. Exchange rates/fees for payments in foreign currencies are also better than most conventional banks. Got nothing but positive things to say about N26."

Pedro A. - Feb 16, 2019

Pros

  • Handy and very user-oriented concept
  • Solid and established partners with the world names
  • Well-designed and friendly application
  • Lots of unique & interesting features
  • Free account and no/low fees
  • Useful online FAQ support on their site

Cons

  • Limited locations available at the moment and the overall focus on Europe in currency, partners etc.
  • No face-to-face support

"Its a very nice bank ,a good experience on line, best treatment call center and an excellent information on time."

Vitor C. - Feb 8, 2019

Pros

  • You can manage both business and/or personal finances in one place
  • In-app advanced budget features
  • Competitive exchange rates for international transfers
  • App available in 10 languages
  • Monese offers UK banking services and accounts, even without a UK address
  • You can transfer money from the UK to over 25 other countries

Cons

  • You can only send pounds sterling to other countries
  • Paywalls for certain privileges, extra benefits cost £4.95 per month

"I'm using Revolut card for all payments, exchange. I fully recommend it!"

Jennel A. - Feb 19, 2019

Pros

  • Option to hold and switch between multiple currencies
  • Payment splitting tool is useful on a day-to-day basis
  • Very good range of security features
  • Debit (prepaid) cards manageable via the app
  • Good exchange rates on international transfer

Cons

  • Not fully licensed, so no FSCS protection.
  • You can only withdraw £200 a month in cash 

What’s important to know when comparing online banks

Online Banks or Mobile Banks is undoubtedly the hottest world trend in banking and finance in 2019. Don’t confuse it for online or mobile access to your regular bank account though: what we are looking at now is online/mobile ONLY banks which have their own features and bonuses.

What is online banking

It means that the customers get to have all the accustomed features, safety, regulation and service of the regular big banks, but in a modern, lightweight, and handy digital form-factor of a mobile application.

What to look for in an online bank

Safety. Despite operating fully online, most of the players in this niche are fully licensed and authorized as banks or financial institutions, meaning they meet the same requirements and fulfill the same highest standards as classic banks. Including the mandatory funds’ insurance. Choose authorized and insured companies only.

Efficiency. Top Online Banks choose not to reinvent the wheel, but rather outsource some services to the established experts. For example, despite being a relatively new service, N26 has established partnerships with the top-notch financial companies such as TransferWise (foreign exchange), Raisin (savings), Clark and Allianz (Insurance), Auxmoney (credit) and others, to be able to provide its customers with best & sterling products.

Usability. Many Online Banks will still provide you with a real international debit card, sometimes with free ATM withdrawals worldwide or within some region. It means that you can pay, withdraw money, block or unblock your card, set permissions or limits, and make other security changes — in other words, do everything you can do with a traditional bank, except easier & directly from the app or a desktop web-account. Look for features fitting your needs.

Fees and rates. Having a fully online business model means operating at a much lower cost than classic “bricks and mortar” banks. Thanks to huge savings on frugal organizational structures, no IT legacies and no expensive branch network, customers are getting outstanding value for their money by receiving higher interest rates and lower fees for transactions and account management. Choose the best cost-effective solution.

Accessibility. A fully online company doesn’t necessarily mean a small local business. For example, N26 is called one of the fastest growing banks in Europe and has more than 1 million customers across 17 European markets and over 430 employees. Choose a solid and established company.