The best digital banks at a glance.

BankBest forProsCons
TransferWiseMulticurrency transfersCompetitive fees on international transfers.Access to multicurrency Mastercard.No cash or cheque options.For larger transfers, specialist providers are often cheaper.
RevolutInternational paymentsRates are given in real-time. Basic account is free and full of features.Optional features cost extra. No cash or cheque options.
bunqEthical bankingInnovative and ethically conscious bank. International transfers available.Monthly cost for holding an account. Many additional fees.
MoneseOverseas studentsAccounts in GBP and EUR. Open account without credit check.Limits on cash transactions. Not part of FSCS scheme.
MonzoEffective budgetingDifferent pots for budgeting. Instant spending notifications.App only – no browser option.Fees for paying in cash and cheques.
Zopa BankSavings accountsEstablished P2P lender.Range of investment options.High minimum deposit rate. Returns can be relatively low.
AnnaBusiness bankingBusiness and personal accounts. Low fees, free trial.No credit or overdraft features. Fees for foreign currency transactions.
StarlingEveryday accountsInterest on current account balance. Overdrafts and loans available.Cash and cheque payments are inconvenient. Replacement card is costly.
AtomMortgages and savingsGood range of saving options. Competitive AER interest rates.App isn’t the best. Product range is still fairly limited.
goHenryTeaching financial responsibilityFull parental control, including spending limits. Reward system teaches about finances.Fees for many of the best features. Only one free top-up to child account per month.
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