Direct Banks in Europe

20 November 2019

Direct banking is a relatively new way of delivering banking products and services to the customers via direct channels, meaning that a direct bank operates without brick-and-mortar branch network and its services are provided via online banking, mobile banking, ATM networks, and even mail. Direct banking is beneficial for both banks and their customers in the following ways:

  • Direct banks don't have to maintain expensive branch networks and thus reduce their costs
  • Reduced costs allow direct banks to offer its products and services at fair prices
  • Customers don't have to visit bank branches and can save their time
  • Account opening procedure becomes more simple and fast without visiting a bank branch
  • Unlike electronic money institutions, direct banks participate in deposit guarantee schemes

List of Direct Banks in Europe

There are currently 41 banks in Europe operating as direct banks, representing 10 countries. Most of these banks are originated from highly innovative countries, namely 7 banks from Norway, 6 banks from Germany, 5 banks from France, and 3 banks from Italy. Some of the direct banks operate in their country of origin only, while others provide cross-border banking services. Focused primarily on serving private individuals, several banks also provides their services to self-employed professionals, small- and medium enterprises and other businesses.

Country of Origin
Netherlands
Clients
natural persons
businesses
Area Served
Ways to Bank
online banking
mobile app
Country of Origin
France
Clients
natural persons
Area Served
France
Ways to Bank
online banking
Country of Origin
Norway
Clients
natural persons
Area Served
Ways to Bank
online banking
mobile app
Country of Origin
Germany
Clients
natural persons
legal entities
Area Served
Germany
Ways to Bank
online banking
mobile app
Country of Origin
Austria
Clients
natural persons
companies
Area Served
Austria
Germany
Ways to Bank
online banking
mobile app
Country of Origin
Germany
Clients
individuals
business entities
Area Served
Germany
Ways to Bank
online banking
mobile app
Country of Origin
Austria
Clients
natural persons
Area Served
Austria
Ways to Bank
online banking
Country of Origin
Italy
Clients
natural persons
families
small and medium-sized enterprises
business entities
Area Served
Italy
Germany
Ways to Bank
online banking
mobile app
Country of Origin
Netherlands
Clients
natural persons
business entities
Area Served
Ways to Bank
online banking
mobile app
Country of Origin
Norway
Clients
natural persons
Area Served
Ways to Bank
online banking
mobile app
Country of Origin
Germany
Clients
natural persons
Area Served
Ways to Bank
mobile app
Country of Origin
Germany
Clients
natural persons
Area Served
Germany
Ways to Bank
online banking
mobile app
Country of Origin
Spain
Clients
natural persons
Area Served
Ways to Bank
online banking
mobile app
Country of Origin
Germany
Clients
natural persons
business entities
Area Served
Germany
Ways to Bank
online banking
mobile app
Country of Origin
Italy
Clients
natural persons
Area Served
Italy
Ways to Bank
online banking
mobile app
Country of Origin
Italy
Clients
natural persons
Area Served
Italy
Ways to Bank
online banking
mobile app
Country of Origin
Spain
Clients
natural persons
Area Served
Spain
Portugal
Ways to Bank
online banking
mobile app
Country of Origin
France
Clients
natural persons
Ways to Bank
online banking
mobile app
Country of Origin
Norway
Clients
natural persons
Area Served
Ways to Bank
online banking
Country of Origin
Denmark
Clients
natural persons
Area Served
Denmark
Ways to Bank
online banking
Country of Origin
France
Clients
natural persons
Area Served
France
Ways to Bank
online banking
Country of Origin
Germany
Clients
natural persons
businesses
Area Served
Germany
Ways to Bank
online banking
mobile app
Country of Origin
Norway
Clients
natural persons
Area Served
Norway
Ways to Bank
online banking
Country of Origin
Norway
Clients
natural persons
Area Served
Norway
Ways to Bank
online banking
mobile app
Country of Origin
Norway
Clients
natural persons
business_entities
Area Served
Norway
Ways to Bank
online banking
Country of Origin
France
Clients
natural persons
Area Served
France
Ways to Bank
online banking
Country of Origin
United Kingdom
Clients
natural persons
business entities
Area Served
United Kingdom
Ways to Bank
online banking
Country of Origin
Norway
Clients
natural persons
Area Served
Norway
Ways to Bank
online banking
mobile app
Country of Origin
France
Clients
natural persons
Area Served
France
Spain
Ways to Bank
online banking
mobile app
Country of Origin
United Kingdom
Clients
natural persons
self-employed professionals
business entities
Area Served
United Kingdom
Ways to Bank
online banking
mobile app
Country of Origin
United Kingdom
Clients
natural persons
Area Served
United Kingdom
Ways to Bank
mobile app

bunq BV

Customer Rating
 (4.4 from 434 ratings)
Country of Origin
Netherlands

Launched in 2015, bunq B.V. is an innovative direct bank, focused on providing banking products online using its mobile application. bunq B.V. offers current accounts, payment cards to both natural persons and business customers.

Services
retail banking
Clients
natural persons
businesses
Area Served
Switzerland
Gibraltar
Austria
Belgium
Bulgaria
Croatia
Cyprus
Czech Republic
Denmark
Estonia
Finland
France
Germany
Greece
Hungary
Iceland
Ireland
Italy
Latvia
Liechtenstein
Lithuania
Luxembourg
Malta
Netherlands
Norway
Poland
Portugal
Romania
Slovakia
Slovenia
Spain
Sweden
United Kingdom
Products
Ways to Bank
online banking
mobile app

bunq BV participates in deposit guarantee scheme of the Netherlands. This scheme covers accounts up to 100,000 EUR per bank per depositor.

Boursorama

Customer Rating
n/a
Country of Origin
France

Established in 1995, Boursorama became a pioneer in online brokerage and providing financial information via the Internet. Boursorama Banque is a member of Société Générale group focused on providing retail banking products and services via Internet and online brokerage services.

Services
retail banking
online brokerage
Clients
natural persons
Area Served
France
Products
current accounts
debit cards
credit cards
savings accounts
investment funds
mortgage loans
insurance
Ways to Bank
online banking

In 2018 total assets of Boursorama were 14 967,50 mln EUR. In 2018 the bank's net income was -28,22 mln EUR.

Boursorama participates in deposit guarantee scheme of France. This scheme covers accounts up to 100,000 EUR per bank per depositor.

BRABANK ASA

Customer Rating
n/a
Country of Origin
Norway

Established in 2015 in Bergen, BRABank is a new fully digital bank that is passionate about providing customers with the best experiences. BRABank redefines banking for individuals through simple and user-friendly services, and by working purposefully with innovation and development. BRABank offers current and savings account, consumer loans to private individuals in Norway, Sweden, Finland, Germany, Spain, Austria and France.

Services
retail banking
Clients
natural persons
Area Served
Norway
Sweden
Finland
Austria
Germany
Spain
France
Products
current accounts
savings accounts
debit cards
credit cards
consumer loans
Ways to Bank
online banking
mobile app

BRABANK ASA is the 122nd largest bank in Norway in terms of total assets. In 2018 its total assets were 326,64 mln NOK, providing the bank with the market share of 0.01%. BRABANK ASA is the 23rd largest commercial bank in Norway (out of 25 commercial banks) having market share of 0.01% amongst the banks of this category. In 2018 the bank's operating income was -47,71 mln NOK.

BRABANK ASA participates in deposit guarantee scheme of Norway. This scheme covers accounts up to 2,000,000 NOK per bank per depositor.

comdirect bank AG

Customer Rating
 (3.1 from 75 ratings)
Country of Origin
Germany

Established in 1994, comdirect bank is a direct bank, a member of Commerzbank Group. Initially prodiving online brokerage services, comdirect bank now also offers a complete range of retail banking products and services to its online customers. In 2009 comdirect bank started offering investment management solutions to business customers.

Services
retail banking
online brokerage
Clients
natural persons
legal entities
Area Served
Germany
Products
Ways to Bank
online banking
mobile app

comdirect bank AG is the 44th largest bank in Germany in terms of total assets. In 2017 its total assets were 22 814,42 mln EUR, providing the bank with the market share of 0.33%. In 2017 the bank's net income was 113,44 mln EUR.

comdirect bank AG participates in deposit guarantee scheme of Germany. This scheme covers accounts up to 100,000 EUR per bank per depositor.

easybank AG

Customer Rating
 (2.2 from 101 ratings)
Country of Origin
Austria

Easybank is Austria's largest direct bank offering products and services of a universal bank. The product portfolio of Easybank ranges from services in payment and securities over different savings products and various forms of financing and credit card products. Although Easybank doesn't have classic brick-and-mortar branches, its customers can always contact the bank through the phone or e-mail.

Services
retail banking
corporate banking
investment banking
Clients
natural persons
companies
Area Served
Austria
Germany
Products
Ways to Bank
online banking
mobile app

easybank AG is the 30th largest bank in Austria in terms of total assets. In 2018 its total assets were 4 204,56 mln EUR, providing the bank with the market share of 0.52%. easybank AG is the 8th largest joint stock bank and private bank in Austria (out of 36 joint stock banks and private banks) having market share of 1.94% amongst the banks of this category. In 2018 the bank's net income was 66,04 mln EUR.

easybank AG participates in deposit guarantee scheme of Austria. This scheme covers accounts up to 100,000 EUR per bank per depositor.

FIDOR Bank AG

Customer Rating
 (2.1 from 196 ratings)
Country of Origin
Germany

Founded in 2009, Fidor Bank provides retail banking products and services to private and business customers in innovative, technological ways: the bank uses IT solutions based on Web2.0 intrastructure and includes its customers into decision-making process via communication with its financial community. Fidor Bank offers its products via direct banking channels.

Services
retail banking
Clients
individuals
business entities
Area Served
Germany
Products
debit cards
savings accounts
car loans
trading accounts
Ways to Bank
online banking
mobile app

FIDOR Bank AG is the 530th largest bank in Germany in terms of total assets. In 2017 its total assets were 1 465,48 mln EUR, providing the bank with the market share of 0.02%. In 2017 the bank's net income was -124,57 mln EUR.

FIDOR Bank AG participates in deposit guarantee scheme of Germany. This scheme covers accounts up to 100,000 EUR per bank per depositor.

Generali Bank AG

Customer Rating
 (3.6 from 5 ratings)
Country of Origin
Austria

Generali Bank, founded in 2002, is a member of Generali Group, one of the largest insurers in Austria. Generali Bank offers a comprehensive and demand-oriented product range from current and savings accounts, payments to investments in securities. Generali Bank has no proprietary, costly branch network. Certain products such as savings accounts can be quickly and easily obtained online.

Services
retail banking
brokerage
Clients
natural persons
Area Served
Austria
Products
Ways to Bank
online banking

Generali Bank AG is the 128th largest bank in Austria in terms of total assets. In 2018 its total assets were 558,46 mln EUR, providing the bank with the market share of 0.07%. Generali Bank AG is the 25th largest joint stock bank and private bank in Austria (out of 36 joint stock banks and private banks) having market share of 0.26% amongst the banks of this category.

Generali Bank AG participates in deposit guarantee scheme of Austria. This scheme covers accounts up to 100,000 EUR per bank per depositor.

Illimity Bank S.p.a.

Customer Rating
 (4.2 from 5 ratings)
Country of Origin
Italy

Illimity Bank (formerly Banca Interprovinciale) is focused on providing specialised opportunities that fulfill the needs of families and small- and medium-sized enterprises (SMEs). Illimity Bank operates mainly in the areas of SME lending, corporate non-performing loans, delivering retail banking products and services to SMEs and families via direct channels and mobile banking. Illimity Bank was established as a result of the merger of of Spaxs and Banca Interprovinciale.

Services
retail banking
loan management
Clients
natural persons
families
small and medium-sized enterprises
business entities
Area Served
Italy
Germany
Products
current accounts
payment cards
business loans
factoring
Ways to Bank
online banking
mobile app

Illimity Bank S.p.a. is the 152nd largest bank in Italy in terms of total assets. In 2017 its total assets were 1 074,41 mln EUR, providing the bank with the market share of 0.04%. In 2017 the bank's net income was 3,40 mln EUR.

Illimity Bank S.p.a. participates in deposit guarantee scheme of Italy. This scheme covers accounts up to 100,000 EUR per bank per depositor.

ING-DiBa AG

Customer Rating
 (3.1 from 84 ratings)
Country of Origin
Netherlands

ING-DiBa AG is a direct bank of ING Group (Netherlands) offering retail banking products and services. Being a direct bank, ING-DiBa AG doesn't have an expensive branch network, the resulting cost savings are passed on to the bank's customers which allows to offer fair conditions in all product areas. The savings and loan products of ING-DiBa AG are not complicated and can be opened and administered independently via the Internet, telephone or by postal letters.

Services
retail banking
direct banking
Clients
natural persons
business entities
Area Served
Austria
Italy
Germany
France
Products
Ways to Bank
online banking
mobile app

ING-DiBa AG is the 8th largest bank in Germany in terms of total assets. In 2017 its total assets were 166,32 bln EUR, providing the bank with the market share of 2.42%. In 2017 the bank's net income was 0,00 EUR.

ING-DiBa AG is rated by Moody's. Long-term credit rating assigned to the bank by Moody's is A2 (upper medium grade). ING-DiBa AG participates in deposit guarantee scheme of Germany. This scheme covers accounts up to 100,000 EUR per bank per depositor.

MONOBANK ASA

Customer Rating
 (3.8 from 8 ratings)
Country of Origin
Norway

MONOBANK is a Norwegian direct bank offering loans without collateral and high interest savings accounts. MONABANK redefines banking for individuals through simple and user-friendly services, and by working purposefully with innovation and development. BRABank offers current and savings account, consumer loans to private individuals in Norway, Sweden, Finland, Germany, Spain, Austria and France.

Services
retail banking
Clients
natural persons
Area Served
Norway
Sweden
Finland
Austria
Germany
Spain
France
Products
current accounts
time deposit accounts
debit cards
credit cards
consumer loans
Ways to Bank
online banking
mobile app

MONOBANK ASA is the 62nd largest bank in Norway in terms of total assets. In 2018 its total assets were 4 875,93 mln NOK, providing the bank with the market share of 0.13%. MONOBANK ASA is the 16th largest commercial bank in Norway (out of 25 commercial banks) having market share of 0.20% amongst the banks of this category. In 2018 the bank's operating income was 39,22 mln NOK.

MONOBANK ASA participates in deposit guarantee scheme of Norway. This scheme covers accounts up to 2,000,000 NOK per bank per depositor.

N26 Bank GmbH

Customer Rating
 (4.5 from 6282 ratings)
Country of Origin
Germany

N26 Bank was founded in 2013 and launched its first product in 2015. N26 Bank GmbH is a new innovative German bank, focused on offering retail banking products and services online. N26 Bank provides current accounts, payment cards, consumer loans to private individuals, freelancers and self-employed professionals.

Services
retail banking
insurance
Clients
natural persons
Area Served
Austria
Belgium
Denmark
Estonia
Finland
France
Germany
Greece
Iceland
Ireland
Italy
Liechtenstein
Luxembourg
Netherlands
Norway
Poland
Portugal
Slovakia
Slovenia
Spain
Sweden
Switzerland
United Kingdom
United States
Products
savings accounts
time deposit accounts
debit cards
Ways to Bank
mobile app

N26 Bank GmbH is the 986th largest bank in Germany in terms of total assets. In 2017 its total assets were 428,86 mln EUR, providing the bank with the market share of 0.01%. In 2017 the bank's net income was -136,91 EUR.

N26 Bank GmbH participates in deposit guarantee scheme of Germany. This scheme covers accounts up to 100,000 EUR per bank per depositor.

norisbank GmbH

Customer Rating
n/a
Country of Origin
Germany

The history of norisbank began in 1954, when a mail-order company Quelle established a compamy called "Noris" to finance purchase of Quelle's products. Noris Bank was established in 1965 and after several sales, norisbank belongs to Deutsche Bank Group since 2006. Since 2012 norisbank is a direct bank, offering easy-to-understand retail banking products at favorable conditions 24 hours a day, 7 days a week.

Services
retail banking
Clients
natural persons
Area Served
Germany
Products
Ways to Bank
online banking
mobile app

norisbank GmbH is the 212th largest bank in Germany in terms of total assets. In 2017 its total assets were 3 719,86 mln EUR, providing the bank with the market share of 0.05%.

norisbank GmbH participates in deposit guarantee scheme of Germany. This scheme covers accounts up to 100,000 EUR per bank per depositor.

Open Bank, S.A.

Customer Rating
n/a
Country of Origin
Spain

Established in 1994, Open Bank was the first bank in Spain offering telephone and Internet banking and thus significantly reducing costs of the daily operations. Open Bank is a member of Santander Group.

Services
retail banking
Clients
natural persons
Area Served
Spain
Germany
Netherlands
Portugal
Products
salary accounts
debit cards
prepaid cards
savings accounts
time deposit accounts
investment funds
consumer loans
mortgage loans
insurance
Ways to Bank
online banking
mobile app

In 2018 total assets of Open Bank, S.A. were 8 596,09 mln EUR. In 2018 the bank's net income was 10,34 mln EUR.

Open Bank, S.A. participates in deposit guarantee scheme of Spain. This scheme covers accounts up to 100,000 EUR per bank per depositor.

Süd-West-Kreditbank Finanzierung GmbH

Customer Rating
 (4.3 from 202 ratings)
Country of Origin
Germany

Süd-West-Kreditbank Finanzierung GmbH (SWK Bank) was founded in 1959. Now SWK Bank is a direct bank offering retail banking products and services over the Internet and thus avoiding having to support a high-cost branch network. The costs saved this way are passed on to the bank costomers.

Services
retail banking
Clients
natural persons
business entities
Area Served
Germany
Products
Ways to Bank
online banking
mobile app

Süd-West-Kreditbank Finanzierung GmbH is the 704th largest bank in Germany in terms of total assets. In 2017 its total assets were 970,56 mln EUR, providing the bank with the market share of 0.01%. In 2017 the bank's net income was 23,30 mln EUR.

Süd-West-Kreditbank Finanzierung GmbH participates in deposit guarantee scheme of Germany. This scheme covers accounts up to 100,000 EUR per bank per depositor.

Webank S.p.a.

Customer Rating
 (2.5 from 21 ratings)
Country of Origin
Italy

Webank S.P.A. is a direct bank offering retail banking products and services via direct channels like Internet. Being a direct bank, Webank doesn't have to maintain a costly branch network and hence can offer its products and services at competitive prices. Webank operates as a subsidiary of Banca Popolare di Milano.

Services
retail banking
Clients
natural persons
Area Served
Italy
Products
current accounts
debit cards
time deposit accounts
consumer loans
mortgage loans
trading accounts
investment funds
Ways to Bank
online banking
mobile app

Webank S.p.a. participates in deposit guarantee scheme of Italy. This scheme covers accounts up to 100,000 EUR per bank per depositor.

Wise Dialog Bank S.p.a.

Customer Rating
 (3.6 from 27 ratings)
Country of Origin
Italy

Incorporated in 2014, Wise Dialog Bank (formerly Banca Widiba) is a direct bank offering retail banking products and services via direct channels, for example Internet. Being a direct bank, Wise Dialog Bank doesn't have to support an expensive branch network and hence can offer its products and services at fair prices. Wise Dialog Bank is owned by Banca Monte dei Paschi di Siena and is a member of Montepaschi Group.

Services
retail banking
private banking
Clients
natural persons
Area Served
Italy
Products
current accounts
debit cards
prepaid cards
savings accounts
time deposit accounts
pension plans
customer loans
mortgage loans
trading accounts
Ways to Bank
online banking
mobile app

Wise Dialog Bank S.p.a. participates in deposit guarantee scheme of Italy. This scheme covers accounts up to 100,000 EUR per bank per depositor.

Wizink Bank, S.A.

Customer Rating
 (1.8 from 424 ratings)
Country of Origin
Spain

Founded in 2000 as Bancopopular-E, Wizink Bank offers a range of retail banking products and services via Internet and mobile banking. In 2016 Bancopopular-E was rebranded as Wizink Bank.

Services
retail banking
Clients
natural persons
Area Served
Spain
Portugal
Products
Ways to Bank
online banking
mobile app

In 2018 total assets of Wizink Bank, S.A. were 4 929,56 mln EUR. In 2018 the bank's net income was 387,52 mln EUR.

Wizink Bank, S.A. participates in deposit guarantee scheme of Spain. This scheme covers accounts up to 100,000 EUR per bank per depositor.

ARKEA DIRECT BANK

Customer Rating
 (5.0 from 1 ratings)
Country of Origin
France

Arkea Direct Bank operates in France as Fortuneo Banque. Arkea Direct Bank provides is focused on providing retail banking products and services to natural persons via direct channels. Arkea Direct Bank offers current and savings accounts, payment cards (including virtual cards), real estate loans, life and auto insurance, trading accounts.

Services
retail banking
insurance
Clients
natural persons
Products
current accounts
debit cards
credit cards
savings accounts
time deposit accounts
car insurance
Ways to Bank
online banking
mobile app

In 2018 total assets of ARKEA DIRECT BANK were 9 206,84 mln EUR. In 2018 the bank's net income was 17,06 mln EUR.

ARKEA DIRECT BANK participates in deposit guarantee scheme of France. This scheme covers accounts up to 100,000 EUR per bank per depositor.

BANK NORWEGIAN AS

Customer Rating
 (4.8 from 5 ratings)
Country of Origin
Norway

Founded in 2007 as a digital bank, Bank Norwegian is a fully digital and flexible bank that provides simple, standardized deposit and lending products via the Web. In 2013, Bank Norwegian expanded its operations to Swedish market. In 2015, the bank expanded further within the Nordic countries, to both Denmark and Finland.

Services
retail banking
Clients
natural persons
Area Served
Norway
Sweden
Denmark
Finland
Products
current accounts
savings accounts
credit cards
consumer loans
Ways to Bank
online banking

BANK NORWEGIAN AS is the 10th largest bank in Norway in terms of total assets. In 2018 its total assets were 50 231,60 mln NOK, providing the bank with the market share of 1.30%. BANK NORWEGIAN AS is the 4th largest commercial bank in Norway (out of 25 commercial banks) having market share of 2.09% amongst the banks of this category. In 2018 the bank's operating income was 2 393,43 mln NOK.

BANK NORWEGIAN AS participates in deposit guarantee scheme of Norway. This scheme covers accounts up to 2,000,000 NOK per bank per depositor.

BASISBANK A/S

Customer Rating
 (2.7 from 20 ratings)
Country of Origin
Denmark

Established in 2000, Basisbank became the first pure direct bank in Denmark. Basisbank provides savings products, payment cards, consumer and car loans, trading accounts online.

Services
retail banking
online brokerage
Danish equities trading
Clients
natural persons
Area Served
Denmark
Products
current accounts
credit cards
savings accounts
time deposit accounts
trading accounts
Ways to Bank
online banking

BASISBANK A/S is the 42nd largest bank in Denmark in terms of total assets. In 2017 its total assets were 2 545,55 mln DKK, providing the bank with the market share of 0.03%. In 2017 the bank's net income was 49,92 mln DKK.

BASISBANK A/S participates in deposit guarantee scheme of Denmark. This scheme covers accounts up to 100,000 EUR per bank per depositor.

Bforbank

Customer Rating
 (2.0 from 79 ratings)
Country of Origin
France

Established in 2009, Bforbank is a direct bank owned by Crédit Agricole offering products and services in retail banking, online brokerage and insurance.

Services
retail banking
online brokerage
insurance
Clients
natural persons
Area Served
France
Products
current accounts
debit cards
credit cards
savings accounts
time deposit accounts
investment funds
consumer loans
car loans
mortgage loans
Ways to Bank
online banking

In 2018 total assets of Bforbank were 2 510,30 mln EUR. In 2018 the bank's net income was -30,35 mln EUR.

Bforbank participates in deposit guarantee scheme of France. This scheme covers accounts up to 100,000 EUR per bank per depositor.

CRONBANK AG

Customer Rating
n/a
Country of Origin
Germany

Founded in 1998, CRONBANK is a young, innovative bank, operating as a direct bank, without brick-and-mortar branches. CRONBANK provides retail and corporate banking products and services to individuals and business clients.

Services
retail banking
corporate banking
insurance
Clients
natural persons
businesses
Area Served
Germany
Products
current accounts
savings accounts
time deposit accounts
business current accounts
business loans
project financing
Ways to Bank
online banking
mobile app

CRONBANK AG is the 882nd largest bank in Germany in terms of total assets. In 2017 its total assets were 597,23 mln EUR, providing the bank with the market share of 0.01%. In 2017 the bank's net income was 2,90 mln EUR.

CRONBANK AG participates in deposit guarantee scheme of Germany. This scheme covers accounts up to 100,000 EUR per bank per depositor.

GJENSIDIGE BANK ASA

Customer Rating
 (3.5 from 2 ratings)
Country of Origin
Norway

Established in 2007, Gjensidige Bank is a Norwegian nationwide direct bank. Gjensidige Bank offers traditional banking products adapted to electronic distribution, mainly to private individuals and agricultural companies.

Services
retail banking
insurance
Clients
natural persons
Area Served
Norway
Products
current accounts
payment cards
savings accounts
time deposit accounts
consumer loans
car loans
mortgage loans
Ways to Bank
online banking

GJENSIDIGE BANK ASA is the 13th largest bank in Norway in terms of total assets. In 2018 its total assets were 38 586,35 mln NOK, providing the bank with the market share of 1.00%. GJENSIDIGE BANK ASA is the 5th largest commercial bank in Norway (out of 25 commercial banks) having market share of 1.61% amongst the banks of this category. In 2018 the bank's operating income was 301,64 mln NOK.

GJENSIDIGE BANK ASA participates in deposit guarantee scheme of Norway. This scheme covers accounts up to 2,000,000 NOK per bank per depositor.

INSTABANK ASA

Customer Rating
 (3.9 from 7 ratings)
Country of Origin
Norway

Instabank is a new digital bank offering savings and loans with flexible repayment individually adjusted for its customers. Instabank offers fast, intuitive and secure sales financing and payment solutions, which make sales easier, both for businesses and their customers. Instabank also provides insurance products.

Services
retail banking
Clients
natural persons
Area Served
Norway
Products
current accounts
payment cards
savings accounts
time deposit accounts
consumer loans
car loans
Ways to Bank
online banking
mobile app

INSTABANK ASA is the 76th largest bank in Norway in terms of total assets. In 2018 its total assets were 3 415,46 mln NOK, providing the bank with the market share of 0.09%. INSTABANK ASA is the 17th largest commercial bank in Norway (out of 25 commercial banks) having market share of 0.14% amongst the banks of this category. In 2018 the bank's operating income was 34,00 mln NOK.

INSTABANK ASA participates in deposit guarantee scheme of Norway. This scheme covers accounts up to 2,000,000 NOK per bank per depositor.

KLP BANKEN AS

Customer Rating
 (3.5 from 4 ratings)
Country of Origin
Norway

KLP Banken is a Norwegian direct bank, offering a broad range of retail banking products (including loans, savings accounts, current accounts and payment cards) at competitive prices via the Internet. KLP Banken is a member of KLP (Kommunal Landspensjonskasse) Group, a mutual-owned company, providing pension finance and insurance services to municipalities and counties, hospitals and businesses in both the public and private sectors, and to their employees.

Services
retail banking
Clients
natural persons
business_entities
Area Served
Norway
Products
current accounts
payment cards
savings accounts
time deposit accounts
consumer loans
car loans
mortgage loans
Ways to Bank
online banking

KLP BANKEN AS is the 29th largest bank in Norway in terms of total assets. In 2018 its total assets were 13 867,90 mln NOK, providing the bank with the market share of 0.36%. KLP BANKEN AS is the 11th largest commercial bank in Norway (out of 25 commercial banks) having market share of 0.58% amongst the banks of this category. In 2018 the bank's operating income was 37,60 mln NOK.

KLP BANKEN AS participates in deposit guarantee scheme of Norway. This scheme covers accounts up to 2,000,000 NOK per bank per depositor.

Monabanq.

Customer Rating
n/a
Country of Origin
France

Established in 2006, Monabanq is a French online bank, providing a broad range of retail banking products and services (current accounts, payment cards, consumer loans, savings accounts) as well as insurance and online brokerage. Monabanq has special offers for young people and self-employed professionals. In 2014 Monabanq became the first online bank to open a current account without any income requirement. Monabanq is a member of Crédit Mutuel - CIC Group.

Services
retail banking
insurance
online brokerage
Clients
natural persons
Area Served
France
Products
current accounts
payment cards
savings accounts
time deposit accounts
consumer loans
trading accounts
Ways to Bank
online banking

In 2018 total assets of Monabanq. were 475,63 mln EUR. In 2018 the bank's net income was -9,05 mln EUR.

Monabanq. participates in deposit guarantee scheme of France. This scheme covers accounts up to 100,000 EUR per bank per depositor.

Monzo Bank Ltd

Customer Rating
 (4.0 from 237 ratings)
Country of Origin
United Kingdom

Founded in 2015, Monzo Bank is a new innovative bank focused on providing retail banking products via its smartphone application. Monzo offers current accounts, business current accounts, joint accounts, payment cards, savings accounts, overdrafts, consumer loans.

Services
retail banking
Clients
natural persons
business entities
Area Served
United Kingdom
Products
current accounts
business current accounts
joint accounts
payment cards
savings accounts
overdrafts
consumer loans
Ways to Bank
online banking

Monzo Bank Ltd is the 177th largest bank in the United Kingdom in terms of total assets. In 2018 its total assets were 139,82 mln GBP, providing the bank with the market share of 0.00%. In 2018 the bank's annual profit was -30,55 mln GBP.

Monzo Bank Ltd participates in deposit guarantee scheme of the United Kingdom. This scheme covers accounts up to 85,000 GBP per bank per depositor.

MYBANK ASA

Customer Rating
 (1.0 from 4 ratings)
Country of Origin
Norway

MyBank ASA is a pure online bank with offices in Oslo, offering consumer loans and savings accounts to natural persons.

Services
retail banking
Clients
natural persons
Area Served
Norway
Products
current accounts
savings accounts
time deposit accounts
consumer loans
car loans
Ways to Bank
online banking
mobile app

MYBANK ASA is the 117th largest bank in Norway in terms of total assets. In 2018 its total assets were 907,33 mln NOK, providing the bank with the market share of 0.02%. MYBANK ASA is the 20th largest commercial bank in Norway (out of 25 commercial banks) having market share of 0.04% amongst the banks of this category. In 2018 the bank's operating income was -51,79 mln NOK.

MYBANK ASA participates in deposit guarantee scheme of Norway. This scheme covers accounts up to 2,000,000 NOK per bank per depositor.

ORANGE BANK

Customer Rating
 (2.6 from 146 ratings)
Country of Origin
France

Established in 2016, Orange Bank is a new innovative bank, offering simple, 100% mobile banking solutions. Orange Bank offers current accounts, payment cards, personal loans and payment services.

Services
retail banking
Clients
natural persons
Area Served
France
Spain
Products
current accounts
credit cards
savings accounts
time deposit accounts
consumer loans
Ways to Bank
online banking
mobile app

In 2018 total assets of ORANGE BANK were 5 295,53 mln EUR. In 2018 the bank's net income was -169,77 mln EUR.

ORANGE BANK participates in deposit guarantee scheme of France. This scheme covers accounts up to 100,000 EUR per bank per depositor.

Starling Bank Limited

Customer Rating
 (3.3 from 232 ratings)
Country of Origin
United Kingdom

Founded in 2016, Starling Bank is a new innovative British bank, focused on providing its retail banking products online. Starling Bank offers current accounts, payment cards, business current accounts, overdrafts, personal loans, money transfers.

Services
retail banking
Clients
natural persons
self-employed professionals
business entities
Area Served
United Kingdom
Products
current accounts
joint current accounts
business current accounts
payment cards
overdrafts
business overdrafts
consumer loans
Ways to Bank
online banking
mobile app

Starling Bank Limited is the 164th largest bank in the United Kingdom in terms of total assets. In 2018 its total assets were 206,64 mln GBP, providing the bank with the market share of 0.00%. In 2018 the bank's annual profit was -27,06 mln GBP.

Starling Bank Limited participates in deposit guarantee scheme of the United Kingdom. This scheme covers accounts up to 85,000 GBP per bank per depositor.

Tandem Bank Limited

Customer Rating
 (2.9 from 23 ratings)
Country of Origin
United Kingdom

Harrods Bank was a banking division of Harrods Department Store. Harrods Bank offered a broad range of banking, savings and lending products to individuals and business clients. On 10 January 2018, Tandem completed its acquisition of Harrods Bank Limited with the latter immediately renamed as Tandem Bank Limited. Tandem Bank is a new, online-only, mobile-focused bank with no branches (although with call centres). Tandem Bank provides retail banking products including current accounts, credit cards, savings, and loans.

Services
retail banking
Clients
natural persons
Area Served
United Kingdom
Products
current accounts
savings accounts
time deposit accounts
credit cards
Ways to Bank
mobile app

Tandem Bank Limited is the 128th largest bank in the United Kingdom in terms of total assets. In 2018 its total assets were 493,68 mln GBP, providing the bank with the market share of 0.01%. In 2018 the bank's annual profit was -13,72 mln GBP.

Tandem Bank Limited participates in deposit guarantee scheme of the United Kingdom. This scheme covers accounts up to 85,000 GBP per bank per depositor.

See Also