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Neobanks: Comparison of Fintechs and Banks

Which is the best fintech and neobank on the market?
Updated: 15.08.2021
Reading Time: 5 mins
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N26 vs. Revolut, Bunq vs. Monese, Tomorrow vs. Vivid: We compare for you

Neobanks are the new way of banking. With dozens of new banks and fintechs operating in the EU, millions of customers and billions of Euros in funding, there is a multitude of options to choose from. Whether early starters like Germany's N26 Bank, the UKs Revolut or bunq operating from the Netherlands, choices are plenty.

With our regular comparisons of fintechs, neobanks and money institutions, we try to give you an overview of the European banking and Fintech market to make the best choice.

In order to do so, we open our own bank accounts with all the hip online banks and try them out ourselves.

How do we compare neobanks? We open our own accounts!

GIROMATCH reviews
Vivid or Tomorrow?

For each review we do, we test the bank account ourselves. This includes a full account opening, trying out the credit cards (or usually debit cards), look at the differen account models and features.

Every bank has its own special feature, to which we pay attention. N26 offers personal loans and credit limits, whereas Revolut is much better for international money transfers. Monese offers international payments as well, but in 14 different languages. Bunq is leading in number of features and Tomorrow has a focus on sustainability. And if you're looking for crypto trading, is Vivid or Nuri the better option?

These are the features that we look out for and give you a quick wrap-up on. Now, on to the fintech and neobank reviews!

N26 vs. Revolut vs. Monese: The biggest European Neobanks compared

N26-Standard

Speed: 4.5/5

Account and Cards: 3.5/5

Costs: 3.5/5

Service and Features: 4/5
Google Pay LogoApple Pay LogoMastercard Logo
RESULT
3.8
05/2022

Speed: 4.5/5

Account and Cards: 3.5/5

Costs: 3.5/5

Service and Features: 4/5
Google Pay LogoApple Pay LogoMastercard Logo
  • Open mobile current account in 8 minutes
  • Mastercard Debit credit card and Google Pay, Apple Pay
  • Use Cash26 network and withdraw money at 11,500 partner stores
  • Mobile banking: set savings goals, sort income and expenses, manage money better

Revolut

Speed: 4/5

Account and cards: 3.5/5

Costs: 4/5

Features: 4.5/5
Google Pay LogoApple Pay LogoVISA LogoMastercard Logo
RESULT
4.0
05/2022

Speed: 4/5

Account and cards: 3.5/5

Costs: 4/5

Features: 4.5/5
Google Pay LogoApple Pay LogoVISA LogoMastercard Logo
  • Free bank account including credit card without credit check
  • 4 account models that can be cancelled at any time
  • Free cash withdrawal up to 200€ or 5 cash withdrawals per month
  • Disposable virtual credit cards for one-time payments
  • Easy exchange of cryptocurrencies and commodities
  • Fee-free currency exchange in 30 currencies up to 1000€ per month

Monese

Speed: 5/5

Account and cards: 4/5

Costs: 4.5/5

Service: 4/5
Google Pay LogoMastercard Logo
RESULT
4.3
05/2022

Speed: 5/5

Account and cards: 4/5

Costs: 4.5/5

Service: 4/5
Google Pay LogoMastercard Logo
  • Instant account opening in 3 minutes
  • Free account with real-time transactions, debit card
  • Instantly generate virtual credit card
  • Support in 14 languages, incl. German, Turkish, Romanian, Polish and more
  • No address verification or credit check
  • International transactions in 19 different currencies

Vivid

Speed: 4.5/5

Bank Account: 4/5

Costs: 4/5

Features: 3.5/5
RESULT
4.0
05/2022

Speed: 4.5/5

Bank Account: 4/5

Costs: 4/5

Features: 3.5/5
  • Earn money by spending: Up to 25% cashback for purchases
  • Up to 15 free sub-accounts with IBAN
  • Free bank account with no credit history check (no SCHUFA)
  • Includes free brokerage account to invest in stocks or crypto-currencies
  • Free VISA credit card with luxurious metal look

bunq. vs. Tomorrow Bank vs awa7: Which one is the more sustainable Neobank?

bunq

Speed: 5/5

Bank Account: 4/5

Fees: 3.5/5

Features: 5/5
Google Pay LogoApple Pay LogoMastercard Logo
RESULT
4.3
05/2022

Speed: 5/5

Bank Account: 4/5

Fees: 3.5/5

Features: 5/5
Google Pay LogoApple Pay LogoMastercard Logo
  • Bank account with Mastercard debit card
  • 5 minute application with no SCHUFA or credit check
  • 3 cards (1x Maestro, 2x Mastercard), 5 virtual cards, 25 (!) IBAN accounts included
  • Mobile bank with a great app, Google Pay, Apple Pay and good support
  • Sustainable and environmentally friendly banking (carbon offsetting, equal opportunity and more)

Tomorrow

Speed: 4.5/5

Accounts and cards: 4/5

Costs: 3.5/5

Service and features: 5/5
Google Pay LogoApple Pay LogoVISA Logo
RESULT
4.2
05/2022

Speed: 4.5/5

Accounts and cards: 4/5

Costs: 3.5/5

Service and features: 5/5
Google Pay LogoApple Pay LogoVISA Logo
  • Mobile current account with VISA credit card
  • No credit history required when opening
  • Great app, Google and Apple Pay
  • Focus on sustainability and climate protection
  • Quick online application 
  • Available without residence

awa7

Speed: 4.5/5

Credit limit: 4/5

Costs: 3.5/5

Service and features: 4/5
Google Pay LogoApple Pay LogoVISA Logo
RESULT
4.1
05/2022

Speed: 4.5/5

Credit limit: 4/5

Costs: 3.5/5

Service and features: 4/5
Google Pay LogoApple Pay LogoVISA Logo
  • Sustainable VISA-credit card with credit line and installments function
  • Permanently without annual fee, withdraw money worldwide free of charge
  • Credit line: from € 1,500 - € 10,000
  • Good for the environment: trees are planted for every purchase
  • Credit rating: average to very good

Advanzia

Speed: 3/5

Features: 4/5

Credit limit: 4.5/5

Costs: 4/5
Google Pay LogoApple Pay LogoMastercard Logo
RESULT
3.9
05/2022

Speed: 3/5

Features: 4/5

Credit limit: 4.5/5

Costs: 4/5
Google Pay LogoApple Pay LogoMastercard Logo
  • No annual fee, no fees for cash withdrawals
  • No charge for use abroad
  • Credit limit starting from 100,- Euro up to 20.000,- Euro
  • Interest-free payment term for purchases
  • Free and personal customer service, 24/7

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