Financial Technology smartphone apps are plentiful. We weeded through the clutter of new and exciting finances apps and selected five that we think are worth taking for a test-drive.
- Nubank
Primary Use: Online banking app based out of Brazil that shows saving balances, credit cards and rewards.
Years on Market: 8 years
Cost: Fixed fees for fund withdrawals
Why We Like It: Very easy to use, reward program, zero transaction fees
2. Revoult
Primary Use: Banking services and finance management app based in the UK
Years on Market: 6 years
Cost: Free
Why We Like It: Currency & cryptocurrency exchange, P2P payment systems, budgeting, bill splitting feature, overseas travel insurance
3. Planto
Primary Use: Personal finance management app based in Hong Kong used to set financial goals, track expenses, and budget
Years on Market: 3 years
Cost: Free to install + some features require subscription fees
Why We Like It: Can aggregate numbers from all financial accounts, app provides savings advice and insights
4. Chime
Primary Use: Mobile banking app for managing expenses and savings
Years on Market: 9 Years
Cost: Free
Why We Like It: No ATM fees, automatic savings deduction, no costs for friends & family transfers
5. MoneyLion
Primary Use: Mobile banking app used for savings, lending, and wealth management.
Years on Market: 6 Years
Cost: subscription-based model
Why We Like It: Everything in one place, cashback rewards (~12%), no checking fees, quick transfers, easy to use