How Neobanks Are Making Banking Easier for Consumers

Let’s face it, most people don’t like to go to the bank. From the long lines to the inconvenience of dealing with a teller, there simply has to be a better way. Today, more and more customers are turning to neobanks. This innovative new bank is making it easier than ever for people to control their money.

What is a Neobank?

A neobank is a financial institution that allows you to handle all of your banking online. Much like a conventional bank, they are licensed banks that allow you to operate your checking and savings account. However, neobanks offer a number of advantages over conventional banking.

5 Ways Neobanks making banking better

Here’s a look at five ways that neobank makes your overall banking experience better:

1). All services are online
With a neobank, you can handle all of your banking needs online. That means that you never have to deal with a physical branch. Whether you need to make a transaction or communicate with a banking representative, it can all be done online.

2). Your direct deposit could come two days earlier
Some neobanks offer the option to get your direct deposit two days earlier than you would through branch-based banks. This allows you to start paying expenses earlier and savings earlier too.

3). Support directly on the app
When you have a question, there is no need to drive to the bank or deal with calling an 800 number. With a neobank, you can easily access a customer service representative from the neobanks apps. This can save you lots of time.

4). Quick account opening
With a neobank, you can usually open an account in minutes. This can come in handy if you need to open a bank account quickly from just about anywhere in the world.

5). Easy interface experience
Neobanks have innovated the way people handle their money online. This includes an easy to use app that allows you to view all of your finances and handle transactions in seconds.

What are the top neobanks?

If you are new to neobanks, then you are probably wondering which are the best ones for you. Here’s a look at some of the most popular neobanks that offer a vast amount of services directly on their app:

● Chime – Banking with no hidden fees and no overdraft charges.
● Varo – A neobank that also offers a high yield savings account.
● SoFi Money – No account fees and no monthly fees.

Getting started with a neobank
Neobanks are the future. Now it is time to take true control of your money with a neobank. If you would like to learn more about neobanks, then visit Find a Better Bank. Here, we can show you the top neobanks and help you discover why neobank is best for you.