5 of the most famous neobanks in Europe

[Carding Forum]

Neobank is a relatively new trend in finance. So far, there are not many financial institutions on the market that have successfully abandoned traditional banking and physical branches in favor of mobile applications, video chats and robo-consulting.

And those who have switched to new standards of financial services still depend to some extent on banks with centuries-old traditions. So, one of the most innovative banks in Europe - Number26 allows you to open accounts using a mobile phone, but in fact the money will be kept in a partner bank - Wirecard Bank.

Nevertheless, investors are investing large sums in neobanks, regulators allow them to operate in the market, and megacities promise to ease the tax burden in order to gain the title of FinTech capitals.

We invite you to recall the most famous neobanks in Europe.

1. Atom Bank (UK)
Currency: pounds sterling
Banking license: yes
How to open an account: download the application, scan the passport
Bank card: not yet, they plan to issue in the future
Account maintenance: free
Services: money transfers, account transactions, payments
The mobile bank has not yet entered the market, but it has already become quite famous. Firstly, because it became the first mobile financial institution to receive a license in the UK, and secondly, because it attracted large investments from the Spanish banking group BBVA.

The launch will take place later in 2016. The portfolio of services includes consulting, issuance of loans, mortgages and registration of deposits.

2. Number26 (Germany)
Currency: Euro
Banking license: no (works with partner bank Wirecard Bank)
How to open an account: specify your e-mail and country of residence, and then show your passport to the bank employee in video chat. The operation takes 8 minutes.
Bank card: yes (MasterCard)
Account maintenance: free, including cash withdrawals in chain stores and pharmacies
Services: money transfers, account transactions, payments, overdraft
Initially, the bank was designed for residents of Germany and Austria. Recently it became known that the bank will operate in six more European countries.

3. Nemea (Malta)
Currency: Euro, US Dollar, Pound Sterling, Canadian Dollar, Australian Dollar, Swiss Franc
Banking License: Standard Plus Investment Services License
How to open an account: fill out a form on the website and transfer at least 50 euros from another active account. The procedure takes 2 hours.
Bank card: not yet, plans to issue Mastercard debit cards
Account maintenance: free
Services: money transfers (own payment system Nemea Instant Payment), account transactions, payments, savings and business accounts, deposits, in the plans - loans).
The bank works with clients from 31 countries of the world, and the customer support service is available in six languages.

4. Fidor Bank (Germany)
Currency: Euro
Banking license: yes
How to open an account: enter your e-mail and phone number and verify your identity at the nearest post office.
Bank card: yes (MasterCard)
Account maintenance: free
Services: smart account, with 25 functions, including money transfers (including to a smartphone, email, Twitter), account transactions, microcredits, payments, savings and business accounts, lending, mutual lending, insurance, exchange transactions ...
The German bank was founded back in 2009. The bank will start operating in the UK this fall, limiting itself to remittances and securities transactions in this market.

5. Saxo Bank (Denmark)
Currencies: Euro, Australian Dollar, Canadian Dollar, Danish Krone, US Dollar, Hong Kong Dollar, Yen, New Zealand Dollar, Norwegian Krone, Singapore Dollar, Swedish Krona, Swiss Franc, Pound Sterling.
Banking license: for investment activities
How to open an account: the procedure is standard - an online application, proof of identity (passport) and transfer of the required amount to the account. You can open a trading account in the bank - the minimum balance amount is not less than USD 10 thousand. There is also a free trial option.
Bank card: no
Account maintenance: free, there is a commission on the account balance
Services: Forex, stock options, futures, stocks, indices, transactions with currencies and precious metals, insurance.
The bank does not provide traditional banking services. He specializes in online investments in international capital markets and provides clients with the opportunity to trade a wide range of financial instruments: currency, stocks, CFDs, futures, options and other derivatives, as well as provides trust services. Trading is carried out online through the SaxoTrader trading platform, which is the bank's own development.

Based on materials: Banks.eu