We test and compare for you
Neobanks are the new way of banking. With dozens of new banks and fintechs operating in the EU, millions of customers and billions of Euros in funding, there is a multitude of options to choose from. Whether early starters like Germany’s N26 Bank, the UKs Revolut or bunq operating from the Netherlands, choices are plenty.
With our regular comparisons of fintechs, neobanks and money institutions, we try to give you an overview of the European banking and Fintech market to make the best choice.
In order to do so, we open our own bank accounts with all the hip online banks and try them out ourselves.
How do we compare neobanks? We open our own accounts!
For each review we do, we test the bank account ourselves. This includes a full account opening, trying out the credit cards (or usually debit cards), look at the differen account models and features.
Every bank has its own special feature, to which we pay attention. N26 offers personal loans and credit limits, whereas Revolut is much better for international money transfers. Monese offers international payments as well, but in 14 different languages. Bunq is leading in number of features and Tomorrow has a focus on sustainability. And if you’re looking for crypto trading, is Vivid or Nuri the better option?
These are the features that we look out for and give you a quick wrap-up on. Now, on to the fintech and neobank reviews!
N26 vs. Revolut vs. Monese: The biggest European Neobanks compared
- Free bank account with VISA-Card
- 4 account models that can be cancelled at any time
- Free cash withdrawal up to 200€ or 5 cash withdrawals per month
- Disposable virtual credit cards for one-time payments
- Easy exchange of cryptocurrencies and commodities
- Fee-free currency exchange in 30 currencies up to 1000€ per month
- Instant account opening in 3 minutes
- Free account with real-time transactions, debit card
- Instantly generate virtual credit card
- Support in 14 languages, incl. German, Turkish, Romanian, Polish and more
- No address verification or credit check
- International transactions in 19 different currencies
- Open mobile current account in 8 minutes
- Mastercard Debit credit card and Google Pay, Apple Pay
- Use Cash26 network and withdraw money at 11,500 partner stores
- Mobile banking: set savings goals, sort income and expenses, manage money better
bunq. vs. Tomorrow Bank: Which one is the more sustainable Neobank?
- Mobile current account with VISA credit card
- No credit history required when opening
- Great app, Google and Apple Pay
- Focus on sustainability and climate protection
- Quick online application
- Available without residence
- Open a Checking Account in 5 Minutes with a MasterCard
- Includes a Maestro card, 25 online cards, and the option to open sub-accounts.
- No credit check required for opening.
- Mobile bank with a top app, Google Pay, Apple Pay, and web access.
- Sustainable and environmentally conscious banking.
- Currently offering 3.36% interest on the account with MassInterest.
Credit Cards: Some of the more popular German credit cards and payment cards
- Golden credit card with up to 15,000 bonus miles
- Earn 1 mile for every 2 euros spent with the card
- Unlimited mile validity
- Customizable add-on packages, insurances, and travel services
- Exchange bonus miles for status miles and receive airport lounge access
- Sustainable VISA-credit card with credit line and installments function
- Permanently without annual fee, withdraw money worldwide free of charge
- Credit line: from € 1,500 – € 10,000
- Good for the environment: trees are planted for every purchase
- Credit rating: average to very good
- No annual fee, no fees for cash withdrawals
- No charge for use abroad
- Credit limit starting from 100,- Euro up to 20.000,- Euro
- Interest-free payment term for purchases
- Free and personal customer service, 24/7
Financing providers
- Receive cash for your car title without a credit or SCHUFA check
- Receive €500 – €250,000, starting from 1 month duration
- Car, company vehicle, motorcycle, van, and much more possible
- Not as cheap as a loan, but easier to obtain
