With the rise of technology and the increasing demand for digital services, traditional banking is slowly fading away. In its place, digital banks are emerging as the go-to financial institutions for many people. These banks offer convenience, security, and a range of services that go beyond what traditional banks can provide. In this article, we’ll explore 100 digital banks that you should know about in 2021.
1. Ally Bank
Ally Bank is an online bank that offers a range of services, including checking, savings, and money market accounts. It also offers auto loans and home loans. Ally Bank is known for its high-yield savings accounts and low fees.
2. Chime
Chime is a mobile banking platform that offers checking and savings accounts, as well as debit cards. It also offers early direct deposit and no hidden fees. Chime is known for its user-friendly interface and excellent customer service.
3. Varo
Varo is another mobile banking platform that offers checking and savings accounts, as well as debit cards. It also offers early direct deposit and no hidden fees. Varo is known for its high-yield savings accounts and cashback rewards.
4. Aspiration
Aspiration is an online bank that offers checking and savings accounts, as well as investment accounts. It also offers cashback rewards and no ATM fees worldwide. Aspiration is known for its socially responsible banking practices and commitment to sustainability.
5. Simple
Simple is a mobile banking platform that offers checking and savings accounts, as well as budgeting tools. It also offers no overdraft fees and no minimum balance requirements. Simple is known for its user-friendly interface and excellent customer service.
6. Discover Bank
Discover Bank is an online bank that offers checking and savings accounts, as well as credit cards and personal loans. It also offers cashback rewards and no hidden fees. Discover Bank is known for its high-yield savings accounts and excellent customer service.
7. Capital One 360
Capital One 360 is an online bank that offers checking and savings accounts, as well as credit cards and personal loans. It also offers mobile banking and no hidden fees. Capital One 360 is known for its user-friendly interface and excellent customer service.
8. Marcus by Goldman Sachs
Marcus by Goldman Sachs is an online bank that offers personal loans and high-yield savings accounts. It also offers no hidden fees and a range of financial tools. Marcus by Goldman Sachs is known for its competitive interest rates and excellent customer service.
9. N26
N26 is a mobile banking platform that offers checking accounts and debit cards. It also offers no foreign transaction fees and cashback rewards. N26 is known for its user-friendly interface and excellent customer service.
10. Monzo
Monzo is a mobile banking platform that offers checking accounts and debit cards. It also offers budgeting tools and no foreign transaction fees. Monzo is known for its user-friendly interface and commitment to customer privacy.
11. Revolut
Revolut is a mobile banking platform that offers checking accounts and debit cards. It also offers budgeting tools and no foreign transaction fees. Revolut is known for its competitive exchange rates and excellent customer service.
12. Starling Bank
Starling Bank is a mobile banking platform that offers checking accounts and debit cards. It also offers budgeting tools and no foreign transaction fees. Starling Bank is known for its user-friendly interface and excellent customer service.
13. Atom Bank
Atom Bank is an online bank that offers savings accounts and mortgages. It also offers fixed-term savings accounts and no hidden fees. Atom Bank is known for its competitive interest rates and commitment to customer privacy.
14. Tandem Bank
Tandem Bank is a mobile banking platform that offers credit cards and savings accounts. It also offers no foreign transaction fees and cashback rewards. Tandem Bank is known for its user-friendly interface and excellent customer service.
15. Monese
Monese is a mobile banking platform that offers checking accounts and debit cards. It also offers budgeting tools and no hidden fees. Monese is known for its easy account opening process and commitment to customer privacy.
16. Payoneer
Payoneer is a digital payment platform that offers cross-border payments and virtual bank accounts. It also offers payment processing and invoicing tools. Payoneer is known for its competitive fees and excellent customer service.
17. TransferWise
TransferWise is a digital payment platform that offers international money transfers and multi-currency accounts. It also offers debit cards and budgeting tools. TransferWise is known for its competitive exchange rates and transparency.
18. Green Dot
Green Dot is a mobile banking platform that offers checking accounts, debit cards, and prepaid cards. It also offers cashback rewards and no hidden fees. Green Dot is known for its user-friendly interface and commitment to financial inclusion.
19. Moven
Moven is a mobile banking platform that offers checking accounts and debit cards. It also offers budgeting tools and no hidden fees. Moven is known for its user-friendly interface and commitment to financial wellness.
20. GoBank
GoBank is a mobile banking platform that offers checking accounts and debit cards. It also offers budgeting tools and no hidden fees. GoBank is known for its user-friendly interface and commitment to financial inclusion.
21. Azlo
Azlo is an online bank that offers checking accounts and business loans. It also offers invoicing tools and no hidden fees. Azlo is known for its user-friendly interface and commitment to small business owners.
22. BlueVine
BlueVine is an online bank that offers business loans and lines of credit. It also offers invoice factoring and no hidden fees. BlueVine is known for its fast funding and excellent customer service.
23. Novo
Novo is a mobile banking platform that offers checking accounts and business loans. It also offers invoicing tools and no hidden fees. Novo is known for its user-friendly interface and commitment to freelancers and entrepreneurs.
24. Kabbage
Kabbage is an online lender that offers small business loans and lines of credit. It also offers invoice factoring and no hidden fees. Kabbage is known for its fast funding and flexible repayment terms.
25. OnDeck
OnDeck is an online lender that offers small business loans and lines of credit. It also offers no hidden fees and a range of financial tools. OnDeck is known for its fast funding and excellent customer service.
26. Lendio
Lendio is an online marketplace that connects small business owners with lenders. It offers a range of financing options, including loans and lines of credit. Lendio is known for its user-friendly interface and commitment to financial inclusion.
27. Funding Circle
Funding Circle is an online lender that offers small business loans and lines of credit. It also offers no hidden fees and a range of financial tools. Funding Circle is known for its competitive rates and excellent customer service.
28. Square Capital
Square Capital is a lending platform that offers small business loans and lines of credit. It also offers no hidden fees and a range of financial tools. Square Capital is known for its fast funding and commitment to small business owners.
29. PayPal Working Capital
PayPal Working Capital is a lending platform that offers small business loans based on PayPal sales. It also offers no hidden fees and a range of financial tools. PayPal Working Capital is known for its fast funding and easy repayment options.
30. QuickBooks Capital
QuickBooks Capital is a lending platform that offers small business loans based on QuickBooks data. It also offers no hidden fees and a range of financial tools. QuickBooks Capital is known for its user-friendly interface and commitment to small business owners.
31. Acorns
Acorns is a mobile investment platform that offers automated investing and savings accounts. It also offers cashback rewards and retirement accounts. Acorns is known for its user-friendly interface and commitment to financial wellness.
32. Robinhood
Robinhood is a mobile investment platform that offers commission-free trading and a range of financial tools. It also offers cash management and retirement accounts. Robinhood is known for its user-friendly interface and commitment to financial inclusion.
33. Stash
Stash is a mobile investment platform that offers personalized investing and savings accounts. It also offers cashback rewards and retirement accounts. Stash is known for its user-friendly interface and commitment to financial education.
34. Wealthfront
Wealthfront is a digital investment platform that offers automated investing and financial planning. It also offers cash management and retirement accounts. Wealthfront is known for its user-friendly interface and commitment to financial wellness.
35. Betterment
Betterment is a digital investment platform that offers automated investing and financial planning. It also offers cash management and retirement accounts. Betterment is known for its user-friendly interface and commitment to financial wellness.
36. Personal Capital
Personal Capital is a digital investment platform that offers personalized financial planning and wealth management. It also offers cash management and retirement accounts. Personal Capital is known for its user-friendly interface and commitment to financial education.
37. Vanguard
Vanguard is an investment management company that offers a range of financial services, including mutual funds and ETFs. It also offers retirement accounts and financial planning. Vanguard is known for its low fees and commitment to long-term investing.
38. Fidelity
Fidelity is an investment management company that offers a range of financial services, including mutual funds and ETFs. It also offers retirement accounts and financial planning. Fidelity is known for its excellent customer service and commitment to investor education.
39. Schwab
Schwab is an investment management company that offers a range of financial services, including mutual funds and ETFs. It also offers retirement accounts and financial planning. Schwab is known for its user-friendly interface and commitment to low fees.
40. E*TRADE
E*TRADE is an online brokerage that offers a range of financial services, including trading and investing. It also offers retirement accounts and financial planning. E*TRADE is known for its user-friendly interface and commitment to investor education.
41. TD Ameritrade
TD Ameritrade is an online brokerage that offers a range of financial services, including trading and investing. It also offers retirement accounts and financial planning. TD Ameritrade is known for its excellent customer service and commitment to investor education.
42. Interactive Brokers
Interactive Brokers is an online brokerage that offers a range of financial services, including trading and investing. It also offers retirement accounts and financial planning. Interactive Brokers is known for its low fees and commitment to advanced traders.
43. Ally Invest
Ally Invest is an online brokerage that offers a range of financial services, including trading and investing. It also offers retirement accounts and financial planning. Ally Invest is known for its low fees and excellent customer service.
44. Charles Schwab Bank
Charles Schwab Bank is an online bank that offers checking and savings accounts, as well as credit cards and personal loans. It also offers mobile banking and no hidden fees. Charles Schwab Bank is known for its user-friendly interface and commitment to low fees.
45. USAA Bank
USAA Bank is an online bank that offers checking and savings accounts, as well as credit cards and personal loans. It also offers mobile banking and no hidden fees. USAA Bank is known for its commitment to military members and their families.
46. CIT Bank
CIT Bank is an online bank that offers checking and savings accounts, as well as mortgages and personal loans. It also offers high-yield savings accounts and no hidden fees. CIT Bank is known for its competitive interest rates and commitment to customer privacy.
47. Synchrony Bank
Synchrony Bank is an online bank that offers savings accounts, money market accounts, and CDs. It also offers credit cards and retail financing. Synchrony Bank is known for its high-yield savings accounts and excellent customer service.
48. Axos Bank
Axos Bank is an online bank that offers checking and savings accounts, as well as credit cards and personal loans. It also offers mobile banking and no hidden fees. Axos Bank is known for its user-friendly interface and commitment to financial wellness.
49. Huntington Bank
Huntington Bank is an online bank that offers checking and savings accounts, as well as credit cards and personal loans. It also offers mobile banking and no hidden fees. Huntington Bank is known for its excellent customer service and commitment to financial inclusion.