Comparison of neobanks: Find the ideal alternative
The neobanks have upset the banking sector. Here is a detailed comparison of the best options for choosing the one that meets your needs.
The main neobanks in France
Four major neobanks in France: Revolut, N26, Bunq and Nickel. Each has its own peculiarities and advantages. Here are the key data for each neobank.
- Revolut: Presents several offers (Standard, Premium, Metal) with multiple currency payments and free withdrawals up to a certain limit.
- N26: German origin, N26 is distinguished by its real-time notifications and reduced costs. Perfect for travelers with options like Standard, Smart, You and Metal.
- Bunq: A focus on ecology, Bunq offers shared accounts and features to plant trees with each transaction. Various offers like Easy Bank and Easy Green.
- Nickel: French bank allowing a quick account opening, ideal forBank bansand accessible via a network of buralists.
Comparison table of neobanks
A comparative table covers free offers, transaction fees, fees abroad and special features. Here are the details for Revolut, N26, Bunq and Nickel.
| New bank | Monthly fee | Transaction costs | Foreign expenses | Special features |
|---|---|---|---|---|
| Revolut | 0€ at 16,99€/month | Low | Free up to GBP 200 | Multicurrency, cryptocurrency, metal card |
| N26 | 0€ at 16.90€/month | Low | Free, no hidden fee | Real-time notifications, attached account |
| Bunq | 0€ at 18,99€/month | Low | Free with Easy Green | Tree planting, species deposits |
| Nickel | 25€ 100€/year | Low | 1€ by operation | Quick access, ideal for bank bans |
Criteria for choosing a neobank
To choose a neobank, look at transaction fees, use abroad, specific features and accessibility. Here are some points to consider.
- Transaction costs:Review current transaction fees, such as payments and withdrawals.
- Use abroad:Check conditions and fees for operations abroad.
- Specific features:Compare the unique services offered by each neobank, such as multicurrency or green options.
- Accessibility:Consider the ease of account opening and the quality of customer service.
Revolut: The International Neobank
Revolut is one of the most popular neobanks in Europe. This is great for travellers and those who need multicurrency services.
The advantages of Revolut
Multi-currency options, free debit card, ergonomic application. Here are the main strengths.
- Multicurrency payments without hidden costs, up to 1 000 € free every month.
- Free debit card available abroad, with free payments up to 200 £ per month.
- Ergonomic application with features like weekly expense views, and purchase cryptocurrency.
Revolut's disadvantages
Country-specific limitations for certain features, specific fees. Here are the main weaknesses.
- Withdrawal fees apply beyond 200 £ per month.
- Some services, such as free international transfers, are only available in some countries.
- For premium features, such as insurance, extension to Revolut Metal at 16,99€ per month may be necessary.
Special tariffs and features of Revolut
Details of pricing offers (Standard, Premium, Metal) and associated features. Here's the details.
- Standard:Free, basic debit card, currency payments up to 200 £ monthly.
- Premium:9,99€/months, free payments in foreign currency, travel insurance.
- Revolut Metal:16.99€/month, metal card, cashback and extended insurance.
N26: The German neobank to travel
N26 offers a simple and transparent banking solution, perfect for travellers. Explore its offers and find out why it is an ideal choice.
The benefits of N26
Reduced fees, notifications in real time, free account. Here are the strengths.
- Free bank card without income conditions, even abroad.
- Real-time transaction notifications, allowing optimized expenditure management.
- Free account with very low transaction fees.
The disadvantages of N26
Fewer advanced features than some other neobanks. Here are the weak points.
- Features such as safes or shared accounts are not yet included.
- Limited to three free withdrawals per month, then 2 € by further withdrawal.
- Premium offers are more expensive than some competitors.
Price details of N26
Presentation of the various offers (Standard, Smart, You, Metal) and their prices. Here's the details.
- Standard:Free, standard Mastercard card, minimum transaction fee.
- Smart:4.90€/month, basic travel insurance, free international payments.
- You:9,90€/month, includes free withdrawals outside the euro area.
- Metal:16.90€/month, premium services and metal card, extended insurance.
Bunq: The ecological neobank
Bunq stands out for its ecological commitment, with features to plant trees and shared accounts. Find out how this neobank can match your environmental values.
The benefits of Bunq
Ecological features, shared accounts, cash deposit options. Here are the strengths.
- Each transaction can help plant trees.
- Possibility of creating shared accounts and pools easily.
- Cash deposit option in many partner stores.
Bunq's disadvantages
Some expensive features on premium accounts. Here are the weak points.
- Innovative features such as cryptocurrency are only available on premium offers.
- Fees for foreign currency withdrawals are charged.
- Premium offers such as Easy Green are expensive (18.99)€/month).
Presentation of Bunq offers
Bunq's various offers, including Easy Green and premium options. Here's the details.
- Easy Bank:7.99€/month, basic offer with card and bank account.
- Easy Green:18.99€/month, with tree planting option and premium card.
Nickel: The accessible neobank
Nickel is a French neobank allowing a fast account opening without income conditions. Ideal for bank bans, discover its advantages and features.
The advantages of Nickel
Fast opening, no hidden charges, usable for bank bans. Here are the strengths.
- Account opening in just 5 minutes.
- Accessible at partner buralists, no hidden costs.
- Ideal for bank bans or overindebted.
Nickel's disadvantages
Pricing on current operations, limitations in premium offer. Here are the weak points.
- Operation and withdrawal costs (1€ by withdrawal).
- Premium features are limited to competitors.
- Annual tariff of 25€ 100€/year according to the chosen options.
Price details and features of Nickel
Annual rates (Standard, Chrome, Metal) and associated features. Here's the details.
To better understand the services offered, discoverhow a neobank works and its specificities.
Among the services offered by Bunq,personal loans offered by Bunq: our opinionhelp you assess whether this neobank meets your financial needs.
- Standard:25€access to basic services such as payments in France and abroad.
- Chrome:50€/year, premium card for travellers.
- Metal:100€/year, premium offer with metal card and extended services.
How to choose the best neobank?
Choosing a neobank tailored to your needs can be complex. Here are some essential criteria to help you make the right choice.
Transaction fee criteria
Assess current transaction costs. Here are some key points.
- Choose a neobank with reduced or no transaction fees for current transactions.
- Beware of hidden fees when payments and withdrawals online.
Criteria for use abroad
Check conditions and fees for foreign transactions. Here are some specific examples.
- Prioritise neobanks that offer reduced or even free fees for non-euro area payments and withdrawals.
- Check the free withdrawal limits and the terms of use of foreign cards.
Specific features of neobanks
Compare the unique features proposed by each neobank, such as multi-currency accounts or green services.
- Innovative features such as green services (Bunq) or purchasing cryptocurrency (Revolut).
- Multi-currency options for those who often travel abroad.
Accessibility and quality of customer service
Easy account opening and quality of customer service. Here are some comparative data.
- Opt for neobanks offering a simplified and fast account opening.
- No revenue conditions, with customer service available 24/7.
FAQ: Everything about neobanks
Find here the answers to the common questions about neobanks. Decryption and tips to better understand and choose your neobank.
How to choose your neobank?
Criteria to consider such as fees, proposed features and your specific needs in international operations.
- Assess specific needs, such as frequency of transactions and international transactions.
- Choose the neobank offering the most suitable features and fees for your profile.
New banks vs online banks, what differences?
New banks are more mobile oriented and generally offer fewer services compared to online banks.
- Concentration on primary services without excessive charge.
- Online banks offer additional financial products such as credit and insurance.
Can we deposit a check to a neobank account?
Yes, some neobanks like Nickel offer this possibility.
- Nickel allows cheques to be deposited at the partner buralists.
- The majority of neobanks do not offer this option.