The world of banking is drastically changing with the advent of digital banking platforms. From traditional brick and mortar banks to online-only banks, customers now have a plethora of options to choose from. With the rise of digital banking, customers can now manage their finances on the go, without having to visit a physical branch. In this article, we will take a look at some of the best digital banking platforms available in the market.
1. Ally Bank
Ally Bank is one of the most popular online-only banks in the market. It offers a range of banking products including savings accounts, checking accounts, money market accounts, and CDs. With Ally Bank, customers can easily manage their accounts through their mobile app or website. Additionally, Ally Bank has a robust customer service team available 24/7 to assist with any issues.
2. Chime
Chime is a mobile-only bank that offers no-fee checking accounts, savings accounts, and debit cards. Customers can easily manage their accounts through the Chime app, which also offers features such as early direct deposit and automatic savings. With Chime, customers can also take advantage of the “SpotMe” feature, which allows them to overdraft up to $100 without any fees.
3. Capital One 360
Capital One 360 is an online-only bank that offers a range of banking products including checking accounts, savings accounts, and CDs. Customers can easily manage their accounts through the Capital One app or website. Capital One also offers a robust ATM network, allowing customers to easily withdraw cash without any fees.
4. Simple
Simple is a mobile-only bank that offers no-fee checking accounts and budgeting tools. Customers can easily manage their accounts through the Simple app, which also offers features such as automatic savings and real-time notifications. Simple also has a robust customer service team available to assist with any issues.
5. Discover Bank
Discover Bank is an online-only bank that offers a range of banking products including checking accounts, savings accounts, and CDs. Customers can easily manage their accounts through the Discover Bank app or website. Discover Bank also offers a robust cashback rewards program, allowing customers to earn cashback on purchases made with their debit card.
6. Marcus by Goldman Sachs
Marcus by Goldman Sachs is an online-only bank that offers a range of banking products including high-yield savings accounts, CDs, and personal loans. Customers can easily manage their accounts through the Marcus app or website. Marcus also offers competitive interest rates on its products, making it a great option for customers looking to earn more on their savings.
7. Varo Money
Varo Money is a mobile-only bank that offers no-fee checking accounts and savings accounts. Customers can easily manage their accounts through the Varo app, which also offers features such as early direct deposit and automatic savings. Varo Money also has a robust customer service team available to assist with any issues.
8. Charles Schwab Bank
Charles Schwab Bank is an online-only bank that offers a range of banking products including checking accounts, savings accounts, and CDs. Customers can easily manage their accounts through the Charles Schwab app or website. Charles Schwab also offers a robust ATM network and refunds all ATM fees worldwide.
9. Bank5 Connect
Bank5 Connect is an online-only bank that offers a range of banking products including checking accounts, savings accounts, and CDs. Customers can easily manage their accounts through the Bank5 Connect app or website. Bank5 Connect also offers a competitive interest rate on its savings account, making it a great option for customers looking to earn more on their savings.
10. Axos Bank
Axos Bank is an online-only bank that offers a range of banking products including checking accounts, savings accounts, and CDs. Customers can easily manage their accounts through the Axos Bank app or website. Axos Bank also offers a robust ATM network and refunds all ATM fees worldwide.
Conclusion
Digital banking platforms are changing the way customers manage their finances. With the rise of online-only banks, customers have more options than ever before. In this article, we took a look at some of the best digital banking platforms available in the market. From Ally Bank to Axos Bank, these platforms offer a range of banking products and features that make managing your finances easier than ever before. Whether you’re looking for a no-fee checking account or a high-yield savings account, there’s a digital banking platform out there that can meet your needs.