Thinking of opening a new bank account but they all look pretty much the same right? Let's quick fly through some of the different types of bank accounts and how to pick the perfect one for you.
There are a couple different types of bank accounts, and it’s pretty important to pick the right type or else they can end up just being a hassle.
What Are The Different Types of Bank Accounts?
App Based Bank Accounts
App based bank accounts are pretty much our favourite. We think they are amazing, and it usually just takes 5 minutes to open a new account, on your phone without speaking to a lifeless 'Bank Manager', who seems to care more about his quiff than your future.
No more trips to the branch, bringing your I.D & proof of address. None of that rubbish. Just pure gold.
Our Favourite App Based Bank Accounts
Definitely one of my favourite bank accounts. The app is excellent, full of great little features and you can send money abroad for free!
Everyones favourite mobile banking app. Monzo makes life so simple, you can even send and receive money from your friends in seconds.
Starling Bank offers a full current account that you can open in a couple of minutes. It gives you real-time notifications when you use your debit card, insights into your spending and lets you set up savings goals. You also earn a small amount of in-credit interest.