Top5 Digital Banks in Europe in 2020

Currently 6 out of 10 of the neobanks come from the EU/UK. Neobanks are able to deliver best in class user experience due to modern technology and benefit from lower operational costs.


Revolut is a UK fintech company that offers banking services including a prepaid debit card (MasterCard or Visa), fee free currency exchange, commission free stock trading, cryptocurrency exchange and peer-to-peer (P2P) payments.

Revolut has more than 7 million customers and operates across the European Economic Area (EEA), in Switzerland, the US, Canada, Australia and Singapore.


N26 is a German mobile bank that provides a free basic current account and a debit card to all its customers. Additionally, N26 offer premium accounts which come with additional features for a monthly fee, and customers can also request overdraft and investment products.

N26 counts 3.5 million customers across 26 markets.


TransferWise is a trusted European digital bank that offers multi-currency accounts, free business accounts, fast customer support, and is available all around the world.


Starling Bank is a digital challenger bank based in the United Kingdom. It focuses on current and business account products.


Monese caters to new residents in the UK as well citizens in the EEA, offering a free current account, with no credit checks and no proof of address required.