Switching To Mobile App Banking
Making a switch to a new mobile bank account can be frightening. You want to make sure your money is protected, and this is your number one priority.
You’ve got a lot of options, and one which has really gotten more popular over the years is the concept of mobile app bank accounts.
These are bank accounts which can be accessed by mobile apps, and they all offer something a bit different, so it is worth taking a look at what’s on offer. Let’s see if we can help by summarising some of the best ones.
The first bank that we’ll be talking about is Starling.
With a setup that takes minutes, and no paperwork, branch visits or monthly costs, this is a good one. Sending money abroad is quick and easy, there are no fees for spending or withdrawals internationally, and you can access a real-time payment notification system to see what’s been spent.
Plus, the current account is free to use, and gives you access to a three- month interest-free period for the first £500 on your arranged overdraft.
The second bank on the list is Currensea.
This is a mobile app account which allows you to get abroad and spend money without any hidden transaction costs or expensive rates.
The debit card is easy to set up and the mobile app can be linked directly with your card.
You also can save up to 85% of all bank charges regardless of where you are, for ease of spending.
Your card can also be with you in minutes thanks to the efficient systems in place. This might be a bit different, but it is a definite step up from traditional banks.
This next provider is one which has gone out of their way to make sure money is protected.
They have instant notifications and controls available from the app so you always know what’s going on.
You can save money thanks to the system rounding up to the nearest Euro, and you can utilise Apple and Google Pay in your everyday life.
To further improve security, this bank account lets you adjust limits, block cards and change your pin in real time, with instantaneous changes.
Next up we’ve got Monese.
This provider offers you the ability to open up GBP and EUR current accounts.
You can track all of your account activity at a real-time rate, and see your monthly outgoings in an overview section. You’ve also got access to the ability to set budgets and savings, get instant updates on your money, and transfer anywhere instantly via debit card or bank transfer.
2nd to last is a card one banking current account.
This has online, phone access, and tax access. There are free alerts every time money is paid in, free alerts if bills can’t be paid on time, and all the usual bells and whistles for digital banking.
The last option on the list is Revolut.
This fantastic choice let’s you open a current account from your phone in minutes. It’s great for all manner of digital banking. Stay up to date with spending notifications and withdraw up to £200 each month for free.