Banking

• Debit Card – Yes
• Free ATM withdrawals – Yes (55,000 fee-free ATMs across the US)
• Google/Apple/Samsung Pay – Yes
• Virtual Cards – Yes
• Direct Deposit – Yes
• Buy stocks – Yes

Unique Selling Point:
With MoneyLion’s Price Protection feature, if you find a lower price within 90 days of an eligible purchase, you can get a refund for the difference.

Who is this app for:
If you’re looking for a full-service digital-first bank account with all the features you’d expect from the old-school banks, as well as access to cash advances, credit-building loans, investment accounts and cash back rewards, then MoneyLion may be for you. MoneyLion’s suite of products allows users to pick and choose the financial products that are right for them, and build their financial future over time. Regular international travelers will also appreciate zero foreign transaction fees.

Bonus points:
– All MoneyLion bank accounts are FDIC insured up to $250,000, so users know that their money is in safe hands.

Fintech Pros :
– The MoneyLion app allows you to claim cashback rewards while shopping online as well as on the go.

Fintech Cons:
– None

• Debit Card – Yes
• Free ATM withdrawals – Yes (3 per month from any ATM)
• Google/Apple/Samsung Pay – Yes
• Virtual Cards – No
• Direct Deposit – Yes
• Buy stocks – No

Unique Selling Point:
Empower covers fees on 3 ATM transactions per month, both within the US and internationally. Fee reimbursements are automatically credited into your account after they occur, so you don’t have to worry about finding ATMs in a specific network.

Who is this app for:
If you’re looking for an AI-powered, smart banking experience with no minimum balance requirements and access up to $250 interest-free between pay checks, then Empower may be for you. Empower’s app acts as a hub for your entire financial life, where members pay a $8 monthly membership fee in order to access the Empower platform. Empower focuses on providing members with a total personal finance solution, where users see a combined dashboard that incorporates every debit card, credit card, checking account and savings account they have. Empower uses AI to predicts a member’s spending habits and expenses in order to optimize spending habits, credit score and financial health. 

Bonus points:
– All Empower accounts are FDIC insured up to $250,000, so users know that their money is in safe hands.

Fintech Pros :
– With Empower’s intuitive budgeting tools and smart recommendations, you can easily you organize your recurring expenses, set spend limits for your budget categories and get suggested monthly spend limits based on your income.

Fintech Cons:
– None

• Debit Card – Yes
• Free ATM withdrawals – Yes (55,000 fee-free ATMs across the US)
• Google/Apple/Samsung Pay – Yes
• Virtual Cards – No
• Direct Deposit – Yes
• Buy stocks – No

Unique Selling Point:
With N26 you can get perks such as cashback on groceries, gas, travel, restaurants and fashion, as well as exclusive discounts on lots of monthly subscriptions, services and brands.

Who is this app for:
If you’re looking for a fully-featured, completely digital checking account from one of the biggest names in Fintech, with no monthly fees or minimum balance requirements, then N26 may be for you. One of the biggest neobanks in Europe, N26 has now arrived in the US, allowing new customers to open an N26 account in 5 minutes directly from their phone, without paperwork or credit checks. N26 offers users multiple tools to help customers track and analyze their spending habits – automatically categorizing your purchases, creating a simple visual breakdown of your spending habits and allowing you to create your own personal tags to organize your transactions in a way that makes sense to you. Frequent international travelers will also likely be attracted to N26 by the lack of foreign transaction fees.

Bonus points:
– All N26 accounts are FDIC insured up to $250,000, so users know that their money is in safe hands.

Fintech Pros :
– With N26’s ‘Spaces’ feature, users can set money aside from their main balance for specific mini accounts to help save for things like vacations and rainy day funds. Users can also automatically round up purchases to save their change and automatically transfer money from their pay check.

Fintech Cons:
– None

• Debit Card – Yes
• Free ATM withdrawals – Yes (32,000 fee-free ATMs across the US)
• Google/Apple/Samsung Pay – Yes
• Virtual Cards – No
• Direct Deposit – Yes
• Buy stocks – No

Unique Selling Point:
With D

Who is this app for:
If you’re looking for an AI-powered, smart banking experience with a $1 monthly fee, no minimum  balance requirements and access to $200 interest-free between pay checks, then Dave may be for you. Dave describe themselves as a human-centered banking app, where members pay a $1 monthly membership fee in order to access the Dave platform. Despite lacking some of the more advanced features of other digital-first banking apps, Dave instead focuses on providing members with a more wholistic personal finance solution, using AI to predicts a member’s spending habits and expenses in order to encourage and support better money management. Dave aims to help it’s members to avoid having to fall back on expensive short-term credit, and develop healthier long-term financial habits.

Bonus points:
– All ******* accounts are FDIC insured up to $250,000, so users know that their money is in safe hands.
– ************** can automatically report your monthly rent payments to the major credit bureaus, boosting your credit score.

Fintech Pros :
– With Dave’s intuitive budgeting tools and predictive alerts, you can easily you organize your upcoming and recurring expenses, and get notified when you are coming close to your limits.

Fintech Cons:
– None

• Debit Card – Yes
• Free ATM withdrawals – Yes (55,000 fee-free ATMs across the US)
• Google/Apple/Samsung Pay – ???
• Virtual Cards – No
• Direct Deposit – Yes
• Buy stocks – No

Unique Selling Point:
With Current’s debit card, you can earn points when shopping at participating merchants which can be redeemed for cash in your Current account.

Who is this app for:
If you’re looking for a modern banking app with a digital-first experience and no monthly fees or minimum balance requirements, then Current may be for you. Current offers a regular checking account that comes with no minimum balance and no hidden fees. With Current’s “Saving Pods”, users can help reach their savings goals by automatically putting aside money for vacations, bigger purchases or a rainy day. Current users can also enable round-ups that automatically round up their purchases, and move spare change to their pods every time they make a purchase. With Current’s premium account ($5 per month), eligible Current users also get access to a free $100 overdraft limit. 

Bonus points:
– With the Current Teen Account, parents can encourage financial responsibility for their teens by giving them the financial freedom of a Current debit card, while allowing them to set spending limits and block specific merchants, as well as getting instant updates whenever a payment is made.

Fintech Pros :
– With the Current app, users can use the map feature to find Current reward points merchants nearby, easily allowing you to optimize your spending for the most cash back rewards.

Fintech Cons:
– None

• Debit Card – Yes
• Free ATM withdrawals – Yes (38,000 fee-free ATMs across the US)
• Google/Apple/Samsung Pay – Yes
• Virtual Cards – No
• Direct Deposit – Yes
• Buy stocks – No

Unique Selling Point:
With Chime’s SpotMe feature, eligible customers can make occasional debit card purchases that overdraw their account, without having to pay any additional fees. 

Who is this app for:
If you’re looking for a full-service bank account with all the features you’d expect from the old-school banks, but you want a digital-first experience with no monthly fees or minimum  balance requirements, then Chime may be for you. Chime offers regular checking and savings accounts, as well as a “Credit Builder” account that comes with a secured credit card that helps you build your credit. Frequent international travelers will also likely be attracted by the lack of foreign transaction fees.

Bonus points:
– All Chime accounts are FDIC insured up to $250,000, so users know that their money is in safe hands.
– The Chime mobile app lets you send physical checks via mail. Simply type in the recipient’s details and the amount, and Chime will automatically send checks to friends and family, and businesses.

Fintech Pros :
– Chime’s app allows you to connect your external bank accounts, credit cards, and investment accounts so you can keep track of your entire financial world all from one place.
– Chime supports mobile payment apps including Apple Pay™, Google Pay™, and Samsung Pay.

Fintech Cons:
– None

• Debit Card – Yes
• Free ATM withdrawals – Yes (38,000 fee-free ATMs across the US)
• Google/Apple/Samsung Pay – Unknown
• Virtual Cards – Yes
• Direct Deposit – Unknown
• Buy stocks – No

Unique Selling Point:
With Monzo’s ‘Pots’ feature, users can set money aside from their main balance for specific mini accounts to help save for things like vacations and rainy day funds. Users can also automatically round up purchases to save their change.

Who is this app for:
The Monzo App is a popular money management app in the UK which has recently launched in the US. It allows users to manage day-to-day spending, send and receive payments and shop in stores and online with the Monzo debit card. Frequent international travelers will likely be attracted by the lack of mark up from Monzo on the exchange rate when they travel – users get the official Mastercard rate on to every time the spend money abroad. 

Bonus points:
– Monzo accounts are FDIC insured up to $250,000, so users know that their money is in safe hands.

Fintech Pros :
– Monzo’s app has all of the modern fintech features you’d expect in a leading money management app including digital tracking of payments, virtual cards, sub-accounts (called ‘Pots’) and freezing/unfreezing of your card within the app.

Fintech Cons:
– None

• Debit Card – Yes
• Free ATM withdrawals – Yes (up to US$300 per month)
• Google/Apple/Samsung Pay – Yes (Google Pay and Apple Pay)
• Virtual Cards – Yes
• Direct Deposit – Yes
• Buy stocks – Yes

Unique Selling Point:
Revolut users can add a Revolut Junior account – an account for your kids aged 12 to 17 to use, controlled by you. 

Who is this app for:
Revolut is a popular money management app which allows to to manage your day-to-day spending, send and receive payments and shop in stores and online with the Revolut Visa Debit card. Revolut users can transfer money, split bills, and set up recurring payments with anyone in their contacts who also has the app. With Revolut Vaults, users can set money aside from their main balance for specific mini accounts to help save for things like vacations and rainy day funds. Revolut also give users a hassle-free way to buy commodities, stocks and bitcoin, including fractional shares – allowing users to buy a piece of major companies from as little as $1.

Bonus points:
– With Revolut Rewards, users can get rotating cashback offers and discounts from top brands in categories such as restaurants, entertainment and travel.
– Revolut accounts are FDIC insured up to $250,000, so users know that their money is in safe hands.
– Revolut users can set a monthly category budget for things like restaurants and groceries. This allows users to see what they’re spending their money on, and track their progress in real-time.

Fintech Pros :
– Revolut’s app has all of the modern fintech features you’d expect in a leading money management app including digital tracking of payments, virtual cards, sub-accounts (called ‘Vaults’) and freezing/unfreezing of your card within the app.
– Revolut also offers more advanced fintech features such as the ability to trade stocks, cryptocurrencies and commodities, as well as get discounts and rewards that are personalized based on your spending.

Fintech Cons:
– None

• Debit Card – Yes
• Free ATM withdrawals – Yes (If you set up Direct Deposit)
• Google/Apple/Samsung Pay – Apple Pay only
• Virtual Cards – Yes
• Direct Deposit – Yes
• Buy stocks – Yes

Unique Selling Point:
Cash app gives users “Cash Boosts”- rotating discounts and deals at restaurants, retailers and online stores.

Who is this app for:
The Cash App is a popular money management app which allows to to manage your day-to-day spending, send and receive payments and shop in stores and online with the Cash Card Visa Debit card. Cash App gives users a unique username, known as a $cashtag, which allows users to receive payments without the need for telephone number or other personal information. While it’s not really a substitute for a full bank account, the direct deposit feature means allows you to receive your paycheck and tax returns directly into the Cash App without any additional transfers. Cash App also give users a hassle-free way to buy stocks and bitcoin, including fractional shares – allowing users to buy a piece of major companies from as little as $1.

Bonus points:
– Users can get creative and customize their Cash Card, adding a personalized signature, doodles and emojis.

Fintech Pros :
– Cash App has many of the modern fintech features you’d expect in a leading money management app including digital tracking of payments, virtual cards, and freezing/unfreezing of your card within the app.

Fintech Cons:
– Cash app does not currently offer sub-accounts.

• Debit Card – Yes
• Free ATM withdrawals – Yes (38,000 fee-free ATMs across the US)
• Google/Apple/Samsung Pay – Yes (Google Pay and Samsung Pay)
• Virtual Cards – No
• Direct Deposit – No
• Buy stocks – No

Unique Selling Point:
With millions of websites and apps accepting Venmo as a payment option, Venmo users can instantly make payments without having to worry about additional bank accounts, card numbers or credit card bills.

Who is this app for:
Venmo allows users to manage day-to-day spending, send and receive payments and shop in stores and online with the Venmo debit card and the Venmo payment gateway. Perhaps Venmo’s strongest feature is the ability to split bills between friends allowing you to easily send and request money to and from your friends for group purchases like dining out and rideshare apps. With tens of millions of Americans already on Venmo, there’s a good chance you already know plenty of Venmo users.

Bonus points:
– With Venmo Rewards you automatically earn cashback straight to your Venmo balance by shopping at select retailers, no discount codes required.

Fintech Pros :
– Many online merchants and apps allow you to pay directly from your Venmo account, allowing you to easily pay for products with your smartphone without having to deal with card information.

Fintech Cons:
– Venmo’s debit card will not work outside the US, and cannot be used online with international merchants.