The 5 best neobanks and fintech companies of 2025

Neobanks and technology companies revolutionized the way we manage money. It provides elegant applications, competitive interest rates, less fees and innovative features that traditional banks often do. But with many options that overwhelm the market, how can you know anyone and stand out from the crowd?

Our team has evaluated the best Neobanks companies and technology companies in the market based on factors such as products offers, interest rates, fees, digital tools, access and more. Then we ranked these companies and set the best five best. (See the full methodology here.)

The best for a wide range of banking products and services

Social Finance Inc. – known as Sofi – is an online financial company founded in 2011 by a group of Stanford Business School students. In 2012, SOFI launched a student loan financing program for federal and private student loans. Today, Sofi serves more than 6.9 million customers, and has expanded its products to include lending, investment, personal banking services, insurance and more.

Sofi offers some of the best interest rates available, especially for accounts and checking accounts. There are no minimum deposit requirements to open an account or gain interest. SOFI is also proud of its model without fees-there are no monthly maintenance fees, open drawing fees, or ATM fees within the network.

In addition, the new Sofi Plus application provides up to $ 1,000 of value each year, including the price of competitive interest on savings, the ability to earn bonuses, and unlimited access to financial planners with Sufi wealth. This excellent membership is free with a direct deposit of Sofi and savings examination.

Read our full review of Sofi here

Better to build credit

Chime is a financial technology company based in San Francisco that provides banking services provided by its partner banks (Bancorp, NA or Stride Bank, NA, and both of the FDIC believers). CHIME provides a smaller range of banking products with a focus on verification and savings accounts and credit building tools.

The harmony verification account provides a number of advantages, including access to more than 50,000 ATMs free of early fees and early deposit. In addition, eligible members can increase their account account by up to 200 dollars to purchase the discount card without incurring exposed withdrawal fees through the Spotme® Chime feature.

In addition, the Chime CHIME Chime Assation Assa provides to help account holders to build and improve their credit. There is no annual fee or benefit, and there is no minimum deposit.

The Chime’s Mobile app features a 4.8 and 4.7 -star rating on the application store and Google Play, respectively. Customers can use it to check their account balance, pay bills, and transfer money to and from external bank accounts.

Read our full review of harmony here

The best for high yield savings

Varo Bank was founded in 2015, a fully digital bank that provides verification accounts, savings accounts, loans and credit building tools.

In particular, Varo Bank appears to calculate the high return savings, which provides an impressive rate of up to 5.00 % APY on balances of up to $ 5,000 (assets on this threshold earn 2.50 % APY). It also provides digital savings such as purchasing and automatic savings, which will automatically provide a percentage of your salary every month.

Varo Bank’s customers also do not have monthly fees, early early deposits, the return of cash in chosen merchants, and free cash deposits.

The Varo’s Mobile app features a 4.9 and 4.7 -star class on the application store and Google Play, respectively.

Read our full review of Faru Bank here

The best for balance

Albert is a comprehensive financial management application designed to help users in budget mode, provide, spend and invest – all within one platform. It provides features such as automatic budget, early deposit, cash -back bonuses, and access to financial experts to obtain personal advice. The high savings account currently provides 4 %-more than nine times the national average.

Funds are kept in Albert’s cash accounts in a complex account at the Soton Bank (FDIC), while the money in Albert’s savings accounts in the FDIC secured banks, including the Coastal Society Bank and Wales Vargo.

The Albert Download app is available on the application store and Google Play and contains a rating of 4.6 and 4.5 stars, respectively.

The best for migrants in the United States

Comun is the latest Fintech company that provides banking products and services to banks. It aims to provide more comprehensive financial services to immigrants and their families. Banking services are provided by the FBI, a FDIC secured institution.

The primary product of Commun is a free examination account in its opening and does not charge any monthly or lowest level. It also provides an early direct deposit, dual -language support around the clock throughout the week, Zelle capabilities, and remote checks.

The company also allows customers to send money abroad with a fixed fee of $ 2.99 per transaction, regardless of the destination country or the method of collection, which makes the cost to support family and friends abroad. In addition, users can deposit cash in more than 88,000 sites worldwide, including major retailers such as Walmart, Walgrens, CVS, Dollar General and 7-Eleven.

Read more: Can non -American citizens open a bank account?

Neobank is a digital financial institution only operating entirely on the Internet without an active branch sites. Also known as “Banks Challenger”, Neobanks provides banking services such as accounts, savings, discount cards, payments and financial management tools through easy -to -use mobile applications and sites.

Learn more: What is Neobank, and is it safe?

What is the difference between a new bank and a digital bank?

Both Neobanks and digital banks are quite similar, but they differ when it comes to its structure and how to organize it.

Neobanks do not have banking covenants and instead they provide their services in partnership with traditional secure banks. Meanwhile, digital banks have their own banking licenses or operate as a digital section for licensed banks.

Fintech is short for “financial technology” and refers to companies or platforms that depend on software and mobile applications and AI and more to create better user experiences, reduce costs and expand financial access.

One of the main benefits of banking services with Fintech is that it often provides low -cost services because it has less than traditional banks. This can be great news for customers who want to avoid fees and do not necessarily need the convenience of the financial bank.

It should be noted that Fintechs usually do not provide banking services directly. Instead, they work as media or market in partnership with local or regional banks.

Read more: What is Fintech?

There are many concessions and negative aspects of banking services with Neobank or Fintech. These include:

Positives

• Less fees: Nuban and technology take a digital approach to banking services. As a result, they face lower upper costs and provide savings for customers in the form of fewer fees.

• Higher deposit rates: In addition to low fees, fewer general costs can also translate higher rates on deposit accounts, including savings accounts.

• comfort: When you do the bank with Fintech or Neobank, all your banking services can be done from the comfort of your home or while moving. You don’t have to visit a material branch to open an account or deposit check.

cons

• There is no personal support: Even if you can’t remember the last time you spoke with a bank cashier, this definitely helps when you need to solve a problem related to your bank account. Many FinTecs and Neobanks have customer service lines, but this is not always the case, and you may have to deal with automatic chat and/or limited customer service hours.

• Cash deposits may be difficult: Most Neobanks and FinTecs do not have their ATM networks and instead, they participate with networks like allpoint. This deposit may make it more difficult than a traditional bank will offer its ATM branches and network.

• FDIC insurance coverage: The wealthy and technology are usually not secured by FDIC. However, they usually participate with traditional banks to provide coverage of customer deposits. However, this is not always the case, so it is important to read microscopic printing to ensure that your portable money is protected with Neobank or Fintech if the company fails.

Read more: Clash fall: Is your money really safe with Fintech?

As long as your NEOBANK partners with a FDIC believed, your deposits will be secured to the federal limit (or even higher in some cases).

There are some defects that should be familiar with banking services with Nobank. For one of them, they do not have material branches, which may be a problem if you prefer the bank personally. In addition, customer support may be limited to online communication or a chat -based, which may lead to delay or frustration when solving urgent or complex problems.

Fintech is short for “financial technology” and refers to technology -based innovations that improve, automate or simplify financial services.

Our grades, which is collected and carefully reviewed by our personal financing experts, consists of more than 200 data points for 14 Neobanks and FinTecs to develop our first five list.

We evaluated these companies according to many major standards, with the ability to earn 24 points as a maximum. Here is a closer look at the categories we looked at:

• Availability of App Store: We have rewarded the technical technology that was available to download on both Apple App Store and Google Play.

• Deposit mobile phone examination: The applications that presented the examination deposits gained an additional point.

• Credit Monitor: Neobanks and Fintechs, which provided credit score, got an additional point.

• Zel: Many new areas and technology Zelle offer an easy way to send and receive money. We have rewarded these banks with an additional point to provide Zelle capabilities.

• Customer support within the application and/or virtual assistant: Applications that provide customer support or virtual assistant within the mobile phone application got one point.

• Average application classification: Applications that contain average mobile phone applications have scored more points and Google more points than that you did not.

• The ability to transfer money into external accounts: Nuban and technology that allowed external banking operations to have an additional point.

• Checking the facial definition/touch: Applications that provide an additional layer of safety are granted in the form of the facial identifier and/or verify the fingerprints one point.

• Card controls within the application: Applications that allow locking a card inside the application and freezing have gained an additional point.

• Pay the bill: Neobanks and Fintechs, which offered one -point payment services.

• Early deposit: Many banking institutions offer an early direct deposit, allowing customers to reach their salaries before the payment day. These institutions got an additional point to provide this feature.

• Supports cash deposits: Neobanks and FinTecs do not offer material branches, so cash deposit may be more difficult. We have rewarded the institutions that supported cash deposits with an additional point.

• Budget and Savings Settlement Tools: The companies that provided customers have achieved digital budget tools and savings tools such as savings pods and circular clips additional point.

• Knowledge base and/or the common question section: We have rewarded Nuban and Technology with an additional point if they offered a custom knowledge base or a question section and answers to customers.

• High yield or bonus verification: Neobanks and Fintechs, which provided the high return or bonuses to verify the accounts additional point.

• High -yield savings account: Neobanks and Fintechs, which provided high -return savings accounts at one point.

• There are no open drawing fees or exposed drag protection offers: We have rewarded banks that imposed the zero exposed withdrawal fees or offered customers the option to registration in the removal of the open clouds.

• Free ATM network and/or automated ATMs for ATM fee outside the network: Neobanks and Fintechs, which provides ATM and/or payment of cartoons in ATMs outside the network, got two additional points.

• FDIC insurance: We have rewarded the institutions that provided FDIC insurance and provided an additional point for an additional security over the typical limit of $ 250,000.