Neobanks

Neobanks are digital-only banks that operate without physical branches, offering banking services primarily through mobile apps and websites. They provide features like checking and savings accounts, transfers, and budget management, often with lower fees and user-friendly interfaces compared to traditional banks. Because they rely on technology and cloud infrastructure, neobanks can deliver faster, more convenient banking experiences, appealing especially to tech-savvy customers and those seeking streamlined financial services without the need for visiting branches.