The Top 5 European Neobanks in 2021

The Top 5 European Neobanks in 2021

What Are The Top 5 European Neobanks in 2021

Neobanks or online banks make it easy to bank from the comfort of your own home. You don’t get a physical bank to visit, but in exchange, you get high APYs and low costs because neobanks don’t have a lot of overhead.

Many of the world’s largest neobanks originated in Europe. Here are the top five banks you should have on your shortlist when looking for a bank.


Revolut is one of the most popular banks in Europe. In just 4 years, it earned 5 million customers. Some of its most popular features include:

  • Send or exchange money in 28 currencies for no cost
  • Free debit card you can use domestically or abroad
  • Transparent pricing
  • Get weekly spending insights
  • Set up budgets
  • Earn rewards for everyday spending
  • Buy cryptocurrency


N26 originated in Germany and is now available in the EU and US. N26 is like your standard bank, but online, offering all the services you need including checking and savings accounts, fund transfers, and issuing bank cards. Some of N26’s most popular features include:

  • No monthly fees
  • Free bank card to use around the world
  • Direct customer service line to provide help right away
  • Get real-time notifications
  • Activate and de-activate your card from your phone


Monese makes it easy to manage your money online. It takes just minutes to get set up after downloading the app, and then you have the power of Monese and its many possibilities at your fingertips. Some of Monese’s most popular features include:

  • Use your account anywhere without paying excessive exchange rate fees
  • Easily and affordably send money overseas
  • Links with your PayPal and Avios accounts
  • Get a free contactless Mastercard with your account
  • Get real-time notifications of transactions
  • Open an account and spend in multiple currencies

Hello Bank!

Hello Bank! is a digital bank that makes it easy to bank from your phone. They originated in 2013, and have quickly grown to be one of Europe’s favorite neobanks. Some of Hello Bank’s most popular features include:

  • Banka advisors available on Twitter and Facebook
  • Change your card limits at any time on-the-go
  • Block and unblock your card in the app in real-time
  • See your balance and account details quickly to make fast financial decisions

Fidor Bank

Fidor was one of the original ‘fintech banks’ available and it’s still popular today. Fidor is still very customer-centric even with its digitization, making it easy to switch over to a neobank versus a traditional bank. Some of Fidor Bank’s most popular features include:

  • Fast bank transfers
  • Real-time push notifications
  • Fast and instant installment loans when you need them
  • Free and safe debit Mastercard
  • Free account switching for you

Before you open an account at a neobank, think about the services you need or want. Look at each bank’s features and see how they add up. A neobank should mimic the traditional bank, but on your phone, giving you access to everything you need from your bank in one touch.