If you don’t yet know what a challenger bank is then the clue is in the name. It’s a bank that is challenging the status quo and taking on the old established banks.
There are many benefits of using a challenger bank and choosing a mobile current account.
The characteristics of a challenger bank are usually as follows:
- They are online only, no physical branches.
- They use technology to be far more efficient e.g. you can open an account in seconds on your phone.
- You don’t really ever need to speak to a human.
- Much more interactivity and data on your spending and savings habits.
Whilst there are a few challenger banks like Metro Bank who do still have physical branches, I am going to focus on 3 of the most popular online only banks in this article. Starling, Monzo and Revolut.
Continue reading “Which Challenger Banks Are Paying Interest?”
Are you thinking of starting a business?
If so, then you are going to need a business bank account. Using your personal account just won’t cut it.
The problem is, a business bank account is not free. You have to pay for them and this is a cost you can do without when just starting up.
Thankfully there is a new free business bank account that you can set up in minutes via your mobile and it’s even better than the accounts you get with traditional banks.
Continue reading “Why you need and how to get a free business bank account”
If your current account is with a traditional high street bank then you’re missing out.
You’re missing out on good customer service, speed and above all, technology that can help you better manage your money.
Let me introduce you to the new way of banking. Continue reading “5 benefits of choosing a mobile current account”