6 Best Digital Banking Apps In UK

5 Minutes Read
best digital banking apps
harnil-oza

Harnil Oza

Founder and CEO

Jul 06, 2022

The world of banking and finance has advanced by taking advantage of technologies and tools. We can now transfer millions of euros around the globe in a flash of a minute, all thanks to digital banking solutions.

Digital banking solutions have made our lives easier than ever. We can now ditch the long queues of the account opening process nor have to visit the branch to make the payment. People around the globe can now access their entire bank all thanks to banking mobile applications.

Even though thousands of mobile banking applications exist, some digital banking applications provide exceptional services to people around the UK.

Let's Explore Some of the Exceptional Digital Banking Apps

1) Chase

This digital banking app is popular among users mostly because of its advanced security features, in that you are banking with a contemporary digital challenger. This digital banking app is one of the biggest and most secure banks in the world. So if you have worries about the safety of the funds with a bank that you are not as acquainted with, Chase can help with every one of them. But that's not just what Chase offers.

It's a truly strong decision all-around, with an easy-to-use mobile application, the option to open numerous accounts to assist you with planning, and magnificent 24/7 customer support - something that most of the established challenger banks can not offer. You can get special rewards for using your debit card as your transaction method.

Available on:

Play Store
App Store

2) Wise

With the Wise borderless account, you get minimal expense cash money transfer that is, as per the organization, up to multiple times less expensive than normal banks. The best thing about Wise is that it allows users to save their accounts in various unique currencies. Thus, on the off chance that you are the kind of individual who will, in general, make a lot of transfers abroad, this could be an ideal account for you.

Likewise, you can receive the payments in any currency in EUR, GBP, AUD or even USD without paying any service charge. Considering all these functionalities anyone can agree that Wise is nothing but a perfect digital banking application. For the individuals who make standard big payments, you could be in an ideal situation utilizing speciality banking services. Essentially, in the event that you make a lot of money in payments into your account, you ought to look somewhere else.

Available on:

Play Store
App Store

3) Revolut

People all around the country are turning their heads towards Revolut for various good reasons. The digital banking mobile app with rich features of account gives you admittance to a wide range of benefits. Maybe most impressive is the reality that you can top up your card in various monetary forms. In this way, if you are traveling abroad a lot, you can lessen your charges generally. Furthermore, with the premium digital banking app features, you can get free travel insurance as well. Revolut also allows users to manage their cryptocurrency through the registered mobile app account.

But the flaw that many app users claim to face in Revolut is that they can not use their cash for their account. What's more, on the off chance that you need access to the best digital banking app features and functionalities, the mobile app charges some monthly fees. In this way, depending upon the amount you use, there is no guarantee you will be in an ideal situation.

Available on:

Play Store
App Store

4) Bunq

As an overall newbie to the digital banking app development, bunq is attempting to contrastly do things a bit. The organization is actually a partner company with Wise, implying that you get similar incredible rates on global exchanges. Bunq allows users to access instant payments through the mobile app, along with a certain amount of free ATM withdrawals as well.

In any case, users can access the digital banking app of Bunq for free, and it is just as of now accessible in Euros. Also, a considerable lot of the best mobile app features cause additional charges, which can before long pile up.

Available on:

Play Store
App Store

5) Monese

Whether you are a student from abroad staying in the UK for studying or a local student heading abroad, Monese is a decent decision for digital baking. Through the Monese digital banking app development, students can gain access to a free classic account for a year, and you will not be required to add address proof or credit history to open an account. When you have the mobile app, you will get real-time push notifications and detailed analytics reports of spending.

The thing that sets Monese unique from other banking solutions is that it allows the users to cash directly to the Post Office or PayPoint while managing both a UK and Eurozone account. Nonetheless, when using your year-long free account, you will need to pay monthly fees. But keep in mind that you have to pay a basic amount for a specific withdrawal amount and service charge for foreign transactions.

Available on:

Play Store
App Store

6) Monzo

Monzo is one of the well-known names in the digital bank world nowadays. The Monzo mobile application offers various user-friendly features and functionalities. You can set financial plans, budget, make investment funds pots, and save cash to the side for bills. If you are hoping to set aside cash, this is an ideal digital banking mobile app for you. You will likewise gain access to things like free overseas transaction withdrawals (up to £200 each month) without spending any cash on money exchange. Monzo has steadily added various mobile app features like overdrafts, loans, shared accounts and various others. Nonetheless, there are a few limits and expenses for the account. You can store a limit of £1000 cash every six months, and it costs £1 per store using PayPoint.

Available on:

Play Store
App Store

Conclusion

All these mobile applications are amazing on their own but every one of them has its flaws. Along with that, a digital banking mobile application should include various technologies, features and functionalities that allow users to manage their bank accounts flawlessly. You can reach out to an app development company with unique on-demand digital banking mobile app development requirements that can provide exceptional user experiences.

FAQs

Q. What are the different types of digital banking mobile apps?

Various digital banking mobile apps exist such as mobile wallets, mobile banking, crypto-wallets and various others.

Q. What are the benefits of digital banking for banks?

Offering the ability to access, use and move money via mobile devices, digital banking apps lets your users see their account balances, pay bills, transfer money, apply for loans and make purchases on the go. There is no need to sit in front of a computer to make online payments or come into a branch.

Q. What is a digital banking application?

Digital banking involves the digitalization of all traditional banking products, processes, and activities to service customers using online channels.

harnil-oza
Harnil Oza is the founder and CEO of Hyperlink InfoSystem, one of the leading app development companies in India, USA, UK, and around the world. Being the founder of the company, he takes care of business development activities and maintains relations with clients. His charismatic and result-driven approach has benefited the company to grow and achieve this height where the company stands right now.

Harnil Oza

Founder and CEO

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