This application allows users to open a bank account online quickly and without any charges, right from their mobile phones. It has already attracted millions of users who prefer a more modern and convenient way of banking. The process is simple, fast, and accessible to anyone over 18 and residing in the UK, making banking more flexible and customer-friendly.
One of the key features is the Easy Saver account, which offers an attractive interest rate of 4.00% AER / 3.92% gross, allowing users to earn interest on their savings managed directly through the app. Users can deposit and withdraw money at any time without penalties or notice periods, with the interest accruing on amounts up to £1 million. This makes saving easy and accessible, encouraging users to grow their funds efficiently.
The platform also provides excellent international usage benefits, as it charges no fees for card usage abroad or cash withdrawals at ATMs. It uses Mastercard's exchange rates for conversions, ensuring users get fair rates without extra charges. Additionally, notifications are available in both local currency and GBP, keeping users informed about their transactions wherever they are in the world.
Further features include tools for better financial management, like virtual savings spaces, real-time balance tracking, and spending insights to understand and optimize spending habits. Users can set aside money for bills, automate savings through round-ups, and seamlessly pay or receive money, including international transfers to 34 countries. The app prioritizes security with card locking options, government-backed deposit protection, and 24/7 support from UK-based staff. Business banking services, family accounts, and a dedicated app for children enhance the platform’s offerings, making it a comprehensive financial solution for individuals and families alike.