Subscribe Now Get Check out this round up of digital banks from around the world and see how these pioneers are redefining the banking industry by connecting with a new generation of mobile-first consumers.
Mobile Banking Mobile App Account Alerts Send Money Cash and Deposit Checks Write Checks. Which also operates under the brands Green Dot Bank and Bonneville Bank. Deposits under any of these trade names are deposits with a single FDIC-insured bank, Green Dot Bank, and are aggregated for deposit insurance coverage. Direct Deposit is a free, fast, simple way to deposit money into your account(s) electronically. You can use it to deposit your pay, Social Security, tax refunds, stock dividends, directly into any account. Direct Deposit saves you the time and effort of making a trip to the bank and your money is available to you the day the check is received.
The Financial Brand Newsletter for FREE - Sign Up NowBy Jeffry Pilcher, CEO/President and Founder of The Financial Brand
Subscribe to The Financial Brand via email for FREE!This list was compiled for one reason only: to provide readers like you with a convenient collection of resources that you can use to analyze digital banks and the products/services they offer. It is not intended to be comprehensive, but if you feel strongly that a firm is missing, you can leave us a comment (no emails, please).
What was the selection criteria? We only chose true online/digital-only banks with a unique brand that is marketed as a stand-alone solution. It has to be more than just a mobile app for a traditional bank; it has to be promoted as an alternative to branch-based banking. If the digital bank is linked to a branch network through its parent company, then branch access can not be celebrated as a main selling point (e.g., Capital One 360). After all, one of the fundamental strategies of a digital bank is to reduce costs by eliminating the brick-and-mortar channel.
We have not included online savings banks like Atom in the UK. We are only listing digital banks that offer checking/current accounts or the equivalent — a transactional account that is intended to take regular deposits and accommodate day-to-day spending/payments.
Only those digital banks that have officially launched publicly have been included, and the list is limited to financial institutions that conduct the bulk of their marketing in English.
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Ally
Website:www.ally.com
Launched: 2010
Employees: 7,825
HQ Location: United States
Notable Features: Interest-bearing online checking account, with no monthly maintenance fees, 24/7 live customer support, Zelle integration, and free ATMs on the Allpoint network.
Launched: 2010
Employees: 7,825
HQ Location: United States
Notable Features: Interest-bearing online checking account, with no monthly maintenance fees, 24/7 live customer support, Zelle integration, and free ATMs on the Allpoint network.
B
Parent Company: Clydesdale Bank & Yorkshire Bank
Website:www.youandb.co.uk
Launched: 2016
Employees: n/a
HQ Location: United Kingdom
Notable Features: A current account that pays interest on balances up to £2,000, and an instant savings account. Offering both debit and credit cards, incorporating Touch ID, Apple Pay and Android Pay.
Website:www.youandb.co.uk
Launched: 2016
Employees: n/a
HQ Location: United Kingdom
Notable Features: A current account that pays interest on balances up to £2,000, and an instant savings account. Offering both debit and credit cards, incorporating Touch ID, Apple Pay and Android Pay.
Bank Mobile
Parent Company: Customers Bank
Website:www.bankmobile.com
Launched: 2015
Employees: 140
HQ Location: United States
Notable Features: An all-digital checking account with mobile check deposit, P2P mobile payments, mobile photo bill pay, PFM tools, fee-free overdraft protection, and 0.75% APY on savings.
Website:www.bankmobile.com
Launched: 2015
Employees: 140
HQ Location: United States
Notable Features: An all-digital checking account with mobile check deposit, P2P mobile payments, mobile photo bill pay, PFM tools, fee-free overdraft protection, and 0.75% APY on savings.
CBD Now
Parent Company: Commercial Bank of Dubai
Website: www.cbdnow.ae
Launched: 2016
Employees: n/a
HQ Location: UAE
Notable Features: Online account opening in five minutes, with a debit card hand-delivered within 24 hours.
Website: www.cbdnow.ae
Launched: 2016
Employees: n/a
HQ Location: UAE
Notable Features: Online account opening in five minutes, with a debit card hand-delivered within 24 hours.
Chime
Parent Company:
Website:www.chimebank.com
Launched: 2013
Employees: 46
HQ Location: United States
Notable Features: Visa debit card, automatic savings program, no fees, real-time alerts and daily balance updates. Offers cashback rewards on purchases, and 1.75% on savings.
Website:www.chimebank.com
Launched: 2013
Employees: 46
HQ Location: United States
Notable Features: Visa debit card, automatic savings program, no fees, real-time alerts and daily balance updates. Offers cashback rewards on purchases, and 1.75% on savings.
Digibank
Parent Company: DBS
Website:dbs.com/digibank
Launched: 2016
Employees: n/a
HQ Location: India
Notable Features: eWallet, mobile payments, mobile investments, “digisavings” and an AI-powered virtual assistant.
Website:dbs.com/digibank
Launched: 2016
Employees: n/a
HQ Location: India
Notable Features: eWallet, mobile payments, mobile investments, “digisavings” and an AI-powered virtual assistant.
Fidor
Parent Company:
Website: www.fidorbank.uk
Launched: 2009
Employees: 75
HQ Location: Germany
Notable Features: A current account that pays interest rates influenced by Facebook likes, and an active “Smart Community” platform for discussing financial matters.
Website: www.fidorbank.uk
Launched: 2009
Employees: 75
HQ Location: Germany
Notable Features: A current account that pays interest rates influenced by Facebook likes, and an active “Smart Community” platform for discussing financial matters.
Finn
Parent Company: Chase
Website:chase.com/finnbank
Launched: 2017
Employees: n/a
HQ Location: United States
Notable Features: Checking + savings tied to a prepaid debit card. Customers can use a phone to open an account, make deposits, issue checks, track spending and set up savings plans. Users can rate transactions.
Website:chase.com/finnbank
Launched: 2017
Employees: n/a
HQ Location: United States
Notable Features: Checking + savings tied to a prepaid debit card. Customers can use a phone to open an account, make deposits, issue checks, track spending and set up savings plans. Users can rate transactions.
First Direct
Parent Company: HSBC
Website:firstdirect.com
Launched: 1989
Employees: 691
HQ Location: United Kingdom
Notable Features: Arguably the first true “direct bank” on earth, and one of only a few worldwide to offer a full range of banking products including home loans, personal loans, investments and insurance.
Website:firstdirect.com
Launched: 1989
Employees: 691
HQ Location: United Kingdom
Notable Features: Arguably the first true “direct bank” on earth, and one of only a few worldwide to offer a full range of banking products including home loans, personal loans, investments and insurance.
GoBank
Parent Company: Green Dot
Website:www.gobank.com
Launched: 2013
Employees: 892
HQ Location: United States
Notable Features: Online checkbook, “Fortune Teller” PFM tools, “Money Vault” savings, P2P transfers, and 40,000 free ATMs. Users can add money to their account at Walmart.
Website:www.gobank.com
Launched: 2013
Employees: 892
HQ Location: United States
Notable Features: Online checkbook, “Fortune Teller” PFM tools, “Money Vault” savings, P2P transfers, and 40,000 free ATMs. Users can add money to their account at Walmart.
HelloBank
Parent Company: BNP Paribas
Website:www.hellobank.be
Launched: 2013
Employees: 184
HQ Location: Belgium
Notable Features: One of the largest and most sophisticated digital banks in Europe, offering a current account, insurance, loans, savings and brokerages services.
Website:www.hellobank.be
Launched: 2013
Employees: 184
HQ Location: Belgium
Notable Features: One of the largest and most sophisticated digital banks in Europe, offering a current account, insurance, loans, savings and brokerages services.
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Koho
Parent Company:
Website:www.koho.ca
Launched: 2014
Employees: 38
HQ Location: Canada
Notable Features: Users can send transfers, pay bills, save automatically, use ATMs and manage their spending with PFM tools.
Website:www.koho.ca
Launched: 2014
Employees: 38
HQ Location: Canada
Notable Features: Users can send transfers, pay bills, save automatically, use ATMs and manage their spending with PFM tools.
Loot
Parent Company:
Website: loot.io
Launched: 2016
Employees: 32
HQ Location: United Kingdom
Notable Features: A current account with contactless Loot Mastercard card that includes PFM-style savings goals and budgeting tools.
Website: loot.io
Launched: 2016
Employees: 32
HQ Location: United Kingdom
Notable Features: A current account with contactless Loot Mastercard card that includes PFM-style savings goals and budgeting tools.
Mashreq Neo
Parent Company: Mashreq
Website:www.mashreqneo.com
Launched: 2017
Employees: n/a
HQ Location: UAE
Notable Features: Credit cards, debit cards, current accounts, personal loans, remittances, foreign currencies, global stock trading, gold trading, foreign currency investment capabilities, and the Neo Chatbot, which is integrated with Facebook Messenger. Customers can an account in less than five minutes with Mashreq Neo.
Website:www.mashreqneo.com
Launched: 2017
Employees: n/a
HQ Location: UAE
Notable Features: Credit cards, debit cards, current accounts, personal loans, remittances, foreign currencies, global stock trading, gold trading, foreign currency investment capabilities, and the Neo Chatbot, which is integrated with Facebook Messenger. Customers can an account in less than five minutes with Mashreq Neo.
Monese
Parent Company:
Website:monese.com
Launched: 2013
Employees: 187
HQ Location: United Kingdom
Notable Features: Current account with a contactless prepaid debit card. Available to any UK and European resident. Portable to 20 countries, and supported in 11 languages. Can open accounts in two minutes from your mobile for free — no proof of address or credit check required. Two currencies supported (GBP, Euro), with discounted foreign exchange fees on spend and transfers abroad.
Website:monese.com
Launched: 2013
Employees: 187
HQ Location: United Kingdom
Notable Features: Current account with a contactless prepaid debit card. Available to any UK and European resident. Portable to 20 countries, and supported in 11 languages. Can open accounts in two minutes from your mobile for free — no proof of address or credit check required. Two currencies supported (GBP, Euro), with discounted foreign exchange fees on spend and transfers abroad.
Monzo
Parent Company:
Website:monzo.com
Launched: 2015
Employees: 184
HQ Location: United Kingdom
Notable Features: Real-time breakdown of spending habits, quick mobile money transfers, integration with other day-to-day tech like Uber.
Website:monzo.com
Launched: 2015
Employees: 184
HQ Location: United Kingdom
Notable Features: Real-time breakdown of spending habits, quick mobile money transfers, integration with other day-to-day tech like Uber.
Moven
Parent Company:
Website:moven.com
Launched: 2011
Employees: 40
HQ Location: United States
Notable Features: Checking/current account with prepaid debit card, with PFM budgeting tools and advanced real-time alerts. Moven is now exploring platform-level partnerships with traditional institutions such as TD Bank in Canada.
Website:moven.com
Launched: 2011
Employees: 40
HQ Location: United States
Notable Features: Checking/current account with prepaid debit card, with PFM budgeting tools and advanced real-time alerts. Moven is now exploring platform-level partnerships with traditional institutions such as TD Bank in Canada.
N26
Parent Company:
Website:n26.com
Launched: 2013
Employees: 253
HQ Location: Germany
Notable Features: A checking account with debit card, digital money transfers, cash withdrawals at ATMs, and a rewards program. Changing a PIN, setting payment limits, and locking or unlocking functionality online and abroad.
Website:n26.com
Launched: 2013
Employees: 253
HQ Location: Germany
Notable Features: A checking account with debit card, digital money transfers, cash withdrawals at ATMs, and a rewards program. Changing a PIN, setting payment limits, and locking or unlocking functionality online and abroad.
Neat
Parent Company:
Website:www.neat.hk
Launched: 2015
Employees: 21
HQ Location: Hong Kong
Notable Features: P2P payments and PFM spending analysis tools. Manage all account and card settings within the app — setting or changing a PIN or blocking a card.
Website:www.neat.hk
Launched: 2015
Employees: 21
HQ Location: Hong Kong
Notable Features: P2P payments and PFM spending analysis tools. Manage all account and card settings within the app — setting or changing a PIN or blocking a card.
Pepper
Parent Company: Bank Leumi
Website:www.pepper.co.il
Launched: 2017
Employees: 60
HQ Location: Israel
Notable Features: One of the few digital banks that gives uses an actual checkbook (delivered by courier). Offers a credit card, “Pepper Pay”, a savings account, “Pepper Invest”, personal loans and PFM tools. The “Personal Feed” provides a dashboard summary of the account and recent transactions, and includes fun questionnaires and other articles.
Website:www.pepper.co.il
Launched: 2017
Employees: 60
HQ Location: Israel
Notable Features: One of the few digital banks that gives uses an actual checkbook (delivered by courier). Offers a credit card, “Pepper Pay”, a savings account, “Pepper Invest”, personal loans and PFM tools. The “Personal Feed” provides a dashboard summary of the account and recent transactions, and includes fun questionnaires and other articles.
Revolut
Parent Company:
Website:www.revolut.com
Launched: 2014
Employees: 220
HQ Location: United Kingdom
Notable Features: Contactless Mastercard with fee-free transactions in over 130 countries. Global payments and P2P transfers. Buy and exchange cryptocurrencies like Bitcoin and Ethereum.
Website:www.revolut.com
Launched: 2014
Employees: 220
HQ Location: United Kingdom
Notable Features: Contactless Mastercard with fee-free transactions in over 130 countries. Global payments and P2P transfers. Buy and exchange cryptocurrencies like Bitcoin and Ethereum.
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Simple
Parent Company: BBVA Compass
Website:www.simple.com
Launched: 2009
Employees: 343
HQ Location: United States
Notable Features: One of the very first stand-alone digital-only banks in the U.S., offering a checking account alternative with robust PFM tools including savings goals, “Safe to Spend” reporting, and shared accounts.
Website:www.simple.com
Launched: 2009
Employees: 343
HQ Location: United States
Notable Features: One of the very first stand-alone digital-only banks in the U.S., offering a checking account alternative with robust PFM tools including savings goals, “Safe to Spend” reporting, and shared accounts.
Simplii
Parent Company: CIBC
Website:www.simplii.com
Launched: 2017
Employees: n/a
HQ Location: Canada
Notable Features: The digital-only arm of CIBC, offering a full suite of financial products to the consumer market — chequing, savings, home loans, investments and access to over 3,400 CIBC ATMs.
Website:www.simplii.com
Launched: 2017
Employees: n/a
HQ Location: Canada
Notable Features: The digital-only arm of CIBC, offering a full suite of financial products to the consumer market — chequing, savings, home loans, investments and access to over 3,400 CIBC ATMs.
Starling
Parent Company:
Website:www.starlingbank.com
Launched: 2014
Employees: 114
HQ Location: United Kingdom
Notable Features: A mobile-only bank account with “Pulse” at-a-glance account updates, savings goals, PFM tools, real-time alerts, and robust security tools including TouchID.
Website:www.starlingbank.com
Launched: 2014
Employees: 114
HQ Location: United Kingdom
Notable Features: A mobile-only bank account with “Pulse” at-a-glance account updates, savings goals, PFM tools, real-time alerts, and robust security tools including TouchID.
Tangerine
Parent Company: Scotiabank
Website:www.tangerine.ca
Launched: 1997
Employees: 1,071
HQ Location: Canada
Notable Features: The world’s first mainstream direct bank to be launched on a digitally native platform. Initially known purely as an online savings account, Tangerine (ne: ING Direct Canada) has expanded well beyond its roots — chequing, credit cards, home loans, home equity lending, RSP loans, investments, RSPs and RIFs.
Website:www.tangerine.ca
Launched: 1997
Employees: 1,071
HQ Location: Canada
Notable Features: The world’s first mainstream direct bank to be launched on a digitally native platform. Initially known purely as an online savings account, Tangerine (ne: ING Direct Canada) has expanded well beyond its roots — chequing, credit cards, home loans, home equity lending, RSP loans, investments, RSPs and RIFs.
USAA
Parent Company:
Website:www.usaa.com
Launched: 1922
Employees: n/a
HQ Location: United States
Notable Features: USAA is one of the most unique and unusual financial institutions on earth. They are a member-based organization exclusive to the U.S. military (active and retired) and their families. They only have one “branch” serving roughly 7 million accounts. Through USAA Federal Savings Bank, members can access their accounts by mobile device, mail or phone — similar to First Direct in the UK.
Website:www.usaa.com
Launched: 1922
Employees: n/a
HQ Location: United States
Notable Features: USAA is one of the most unique and unusual financial institutions on earth. They are a member-based organization exclusive to the U.S. military (active and retired) and their families. They only have one “branch” serving roughly 7 million accounts. Through USAA Federal Savings Bank, members can access their accounts by mobile device, mail or phone — similar to First Direct in the UK.
$0 Opening Deposit Checking Account
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Chase QuickDeposit℠
Deposit checks with the Chase Mobile® app.
- Overview
- Getting started
- FAQs
- Resources
Fast
Use Chase QuickDeposit℠ on the Chase Mobile® app to deposit your checks and access your funds quickly.
Convenient
Save a trip to the branch and deposit checks on your schedule, virtually anytime and anywhere.
Secure
Deposit checks securely from your mobile phone or tablet. We protect your information and never store your passwords or check deposit data and images on your mobile device.
Get the Chase Mobile® app
How to get started
Watch how it works with this helpful how-to video.
Sign in
Choose 'Deposit checks' in the navigation menu of your Chase Mobile® app and choose the account.
Take pictures
Enter the check amount and tap 'Front'. With our new 'Auto Capture' feature, the picture of the front and back of the endorsed check will be captured — or you can choose to take the pictures manually.
Submit the deposit
Confirm the details, submit and you're done.
Common questions answered
How does Chase QuickDeposit℠ work?
expandIn the Chase Mobile® app, choose “Deposit Checks” in the navigation menu and select the account. Enter the amount of the check and tap 'Front'. With our 'Auto Capture' feature, the picture of the front and back of the endorsed check will be captured — or you can choose to take the pictures manually. Verify your information and submit your deposit. After you submit, you can deposit another check or view the receipt. You’ll get an email when your deposit is received — and another when it’s accepted. If the deposit is rejected, you’ll also get an emailed explanation. Remember to properly endorse the back of the check with your signature and 'For electronic deposit only at Chase.'
When will my funds be available?
expandDeposits submitted before 11 PM Eastern time on a business day generally will be available by the next business day. Deposits submitted after 11 PM or on a non-business day will be processed the next business day. However, we may delay availability if we require further review of the deposit. Any information about delayed availability will be provided in the Secure Message Center, which is accessible in the main navigation menu.
What should I do with my check(s) after I’ve deposited it?
expandAfter you complete your transaction, write “deposited” and the date of deposit on the face of the check. Please retain the marked check for two business days or until you receive our notification that your QuickDeposit has been accepted. After that time, you may destroy it.
Have more questions?
Contact us
Make deposits
24/7 access to deposit funds
- Chase QuickDeposit℠ — Securely deposit checks from almost anywhere.
- Chase ATMs — Conveniently deposit up to 30 checks and cash at most ATMs.
- Direct deposit — Automatically deposit paychecks.
Make payments
Pay bills quickly & conveniently
- Online Bill Pay — Pay rent, mortgage, utilities, credit cards, auto and other bills.
- Chase QuickPay® with Zelle® — Send and receive money from almost anyone with just a mobile number or email address.
Stay informed
Helpful technology that saves you time and keeps you in the know
- Paperless statements — Digitally access up to 7 years of statements.
- Account alerts — Monitor finances, avoid overdrafts and more.
- Chase text banking — Check balances and transaction history with a text.