We take a look at app based bank accounts available in the UK.
If you are looking for an app based bank account to open easily and quickly. I have compiled a list for you. .
App based bank accounts
1. Cashplus
Features and benefits
* As well as an app, you can also do online banking.
* You get a contactless debit card.
* Deposit money at any Post Office.
* Set up standing orders as well as direct debits.
* There is a credit builder included to build you credit rating.
For more information and to open an account, go here: Cashplus Bank.
2. Monese
Features and benefits
* Manage your money easily through the app.
* There is a free or a monthly paid accounts.
* Credit builder.
* Multi currency accounts facility.
* No proof of address required.
For more information and to open an account, go here: Barclays Bank Account.
3. Starling Bank
Features and benefits
* You can manage your money easily with the app.
* You can round up transactions when spending and then save the rounded amount in a virtual bank.
* You can apply for an award-winning account in minutes.
* Get a joint bank account.
* You can set your own contactless payment limit.
For more information and to open an account, go here: Starling Bank Account.
4. Monzo
Features and benefits
* You can open a full UK bank account from your phone for free.
* You can get interest paid on your money for up to £2000.
* If you already have a bank account or credit card, you can add it to Monzo and see all your balance and transactions.
* You get interest paid on your savings.
* You can set a budget for spending and get notifications on your spending.
For more information and to open an account, go here: Monzo Bank Account.
5. Card One Money
Features and benefits
* They don’t do a credit check, and there is no account fee.
* You can get a sort code and an account number by text, usually, within minutes.
* Pay standing orders.
For more information, go here: Card One Money.
6. Pockit
Features and benefits
* Open an account in 3 minutes, either online or on an app.
* Get an account with any credit history.
* Get cash back from high street retailers.
For more information, go here: Pockit Bank.
7. Suits Me
Features and benefits
* Open an account online or in an app.
* There is no credit check.
* Get exclusive cash back rewards and deals from partners.
For more information, go here: Suits Me Bank.
8. Revolut
Features and benefits
* There is not credit check.
* No for proof of address.
* You can open a free account in minutes.
Get more information, here: Revolute Account.
Get an additional bank account?
If you have a regular bank account, why not consider an additional bank account. Here are reasons why an additional bank account can be beneficial.
1. Keep your savings separate
An additional bank account will enable you to keep your savings separate. This will help you not to spend your savings by mistake.
2. Get another debit card
An additional debit card could be beneficial in case you damage or misplace your usual debit card. You will still be able to make transactions
3. Security when shopping
You can use your additional debit card for doing transactions online or to do your normal purchases. If you only keep a limited amount of money in the additional account, it will protect you from fraud in your main account.
4. Get more overdraft facility
With an additional bank account, you will get more overdraft facility.
Additional Information
Money Advice Service
For debt management and advice on how to pay for bills go here: Money Advice Service info page.
Find out more about insurance regulations, here: Financial Conduct Authority (FCA