Top Fintech Banks In 2021
The way that we look after our money has changed. It used to be that there were a few power-players in the banking world and that was what we used. We used to have to go down to the physical premises, have meetings and sign many forms to sort out an account. The bank used to have physical premises and was the place you needed to go to pay in cheques or money and to get new bank cards. You also only had one form of currency. This has all changed. We now have cryptocurrency as well as other types of finances such as gsiexchange.com. Plus, the evolution of Fintech has meant that there are now more online banks than ever, all of which are completely revolutionizing the way that we use and spend our money. Here we take a look at some of the big players in FinTech banking and how they can help you manage your money…
Plum is a Fintech app that is designed to help you save. You can put money into different pockets and it will also automatically put money aside for you each money. You link it up to your bank account and it will set aside an amount each month that you pre-determine. It has many features including a “rainy-day” feature which means it will save a certain amount for you every time that it rains, as well as pockets where you can put amounts in to save for different occasions. This could be for your honeymoon, wedding or house saving.
Starling is a digital banking app that is easy to use and set up. It is only available via an app and is great for both spending and saving. You have a digital card that is shown on your phone as well as a physical one that will get sent to you in the post. It won’t charge you for spending in most countries abroad and can round up what you spend to the nearest dollar, putting the rest into a little savings pot for you. Similar to Plum, it enables you to save money without even realizing that you are doing so. You can set up different saving pockets and open up a side joint pot for you and your partner.
Revolut is a great fintech company that is specially designed if you want to pay people that are in different countries. It has the ability to convert currency at the best possible rates, spend money anywhere in the world without charging you extortionate fees and also to transfer money to anywhere in the world without it costing you anything. You can set up pockets called “vaults” where you can save money and you can also invite others to collaborate on these with you. This means if you are looking to save money such as for a big meal with your friends or a family holiday, you can all contribute to the same account. You can all either have permission to withdraw the money, or you can dedicate it to one person to be in charge of the account.
Monzo is similar to Starling in the fact that it is a completely digital banking app.It enables you to see your money clearly and will show you upcoming payments the day before they leave your accounting – meaning you’re never left in the lurch with an unexpected cost. You can withdraw money for free in most countries and despite it being a bank with no physical branch, you can easily pay cheques and cash into your account still.
Tide is another similar banking account but is designed to be the next-generation business account. It is an alternative bank account designed for small companies such as independent businesses or freelancers. It is based around a smartphone app that is easy and simple to use and it only takes five minutes to apply for an account with them.
These are just a few of the most popular fintech banks and money apps that are currently out which you can utilize to manage your money. It is important to do your research and find out which bank account is best for you. Each is different with its own sets of benefits and drawbacks, so find the one that you think will fit into your lifestyle the best. You can also look at different reviews online to see what others say about them. There are so many out there you want to make the right decision.