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 43 banks in Europe operating as direct banks, representing 13 countries. Most of these banks are originated from highly innovative countries, namely 6 banks from Germany, 5 banks from Norway, 5 banks from France, and 4 banks from the United Kingdom. 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
NLNetherlands
Clients
natural persons
businesses
Area Served
Ways to Bank
online banking online banking
mobile app mobile app
Country of Origin
FRFrance
Clients
natural persons
Area Served
FRFrance
Ways to Bank
online banking online banking
mobile app mobile app
Country of Origin
NONorway
Clients
natural persons
Area Served
Ways to Bank
online banking online banking
mobile app mobile app
Country of Origin
DEGermany
Clients
natural persons
legal entities
Area Served
DEGermany
Ways to Bank
online banking online banking
mobile app mobile app
Country of Origin
DEGermany
Clients
individuals
business entities
Area Served
DEGermany
Ways to Bank
online banking online banking
mobile app mobile app
Country of Origin
ATAustria
Clients
natural persons
Area Served
ATAustria
Ways to Bank
online banking online banking
mobile app mobile app
Country of Origin
ITItaly
Clients
natural persons
families
small and medium-sized enterprises
business entities
Area Served
ITItaly
DEGermany
Ways to Bank
online banking online banking
mobile app mobile app
Country of Origin
NLNetherlands
Clients
natural persons
business entities
Area Served
Ways to Bank
online banking online banking
mobile app mobile app
Country of Origin
DEGermany
Clients
natural persons
Area Served
Ways to Bank
online banking online banking
mobile app mobile app
Country of Origin
DEGermany
Clients
natural persons
Area Served
DEGermany
Ways to Bank
online banking online banking
mobile app mobile app
Country of Origin
ESSpain
Clients
natural persons
Area Served
Ways to Bank
online banking online banking
mobile app mobile app
Country of Origin
DEGermany
Clients
natural persons
business entities
Area Served
DEGermany
Ways to Bank
online banking online banking
mobile app mobile app
Country of Origin
ITItaly
Clients
natural persons
Area Served
ITItaly
Ways to Bank
online banking online banking
mobile app mobile app
Country of Origin
ITItaly
Clients
natural persons
Area Served
ITItaly
Ways to Bank
online banking online banking
mobile app mobile app
Country of Origin
ESSpain
Clients
natural persons
Area Served
ESSpain
PTPortugal
Ways to Bank
online banking online banking
mobile app mobile app
Country of Origin
FRFrance
Clients
natural persons
Ways to Bank
online banking online banking
mobile app mobile app
Country of Origin
NONorway
Clients
natural persons
Area Served
Ways to Bank
online banking online banking
mobile app mobile app
Country of Origin
DKDenmark
Clients
natural persons
Area Served
DKDenmark
Ways to Bank
online banking online banking
mobile app mobile app
Country of Origin
FRFrance
Clients
natural persons
Area Served
FRFrance
Ways to Bank
online banking online banking
mobile app mobile app
Country of Origin
IMIsle of Man
Clients
high net worth individuals
Ways to Bank
branch branch
online banking online banking
Country of Origin
DEGermany
Clients
natural persons
businesses
Area Served
DEGermany
Ways to Bank
online banking online banking
mobile app mobile app
Country of Origin
GIGibraltar
Clients
individuals
Area Served
Worldwide
Ways to Bank
online banking online banking
mobile app mobile app
Country of Origin
GBUnited Kingdom
Country of Origin
NONorway
Clients
natural persons
Area Served
NONorway
Ways to Bank
online banking online banking
mobile app mobile app
Country of Origin
NONorway
Clients
natural persons
business_entities
Area Served
NONorway
Ways to Bank
online banking online banking
Country of Origin
FRFrance
Clients
natural persons
Area Served
FRFrance
Ways to Bank
online banking online banking
mobile app mobile app
Country of Origin
GBUnited Kingdom
Clients
natural persons
business entities
Area Served
GBUnited Kingdom
Ways to Bank
mobile app mobile app
Country of Origin
NONorway
Clients
natural persons
Area Served
NONorway
Ways to Bank
online banking online banking
mobile app mobile app
Country of Origin
FIFinland
Clients
natural persons
Area Served
NONorway
Ways to Bank
online banking online banking
Country of Origin
FRFrance
Clients
natural persons
Area Served
FRFrance
ESSpain
Ways to Bank
online banking online banking
mobile app mobile app
Country of Origin
GBUnited Kingdom
Clients
natural persons
self-employed professionals
business entities
Area Served
GBUnited Kingdom
Ways to Bank
online banking online banking
mobile app mobile app
Country of Origin
GBUnited Kingdom
Clients
natural persons
Area Served
GBUnited Kingdom
Ways to Bank
mobile app mobile app

bunq BV

Customer Rating
 (4.4; 434 ratings)
Country of Origin
NLNetherlands

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
GIGibraltar
ATAustria
BEBelgium
BGBulgaria
HRCroatia
CYCyprus
CZCzech Republic
DKDenmark
EEEstonia
FIFinland
FRFrance
DEGermany
GRGreece
HUHungary
ISIceland
IEIreland
ITItaly
LVLatvia
LILiechtenstein
LTLithuania
LULuxembourg
MTMalta
NLNetherlands
NONorway
PLPoland
PTPortugal
RORomania
SKSlovakia
SISlovenia
ESSpain
SESweden
GBUnited Kingdom
Products
Ways to Bank
online banking online banking
mobile app mobile app

bunq BV participates in the 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
FRFrance

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
FRFrance
Products
current accounts
debit cards
credit cards
savings accounts
investment funds
mortgage loans
insurance
Ways to Bank
online banking online banking
mobile app mobile app

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 the 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
NONorway

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
NONorway
SESweden
FIFinland
ATAustria
DEGermany
ESSpain
FRFrance
Products
current accounts
savings accounts
debit cards
credit cards
consumer loans
Ways to Bank
online banking online banking
mobile app 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 the 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; 75 ratings)
Country of Origin
DEGermany

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
DEGermany
Products
Ways to Bank
online banking online banking
mobile app mobile app

comdirect bank AG is the 34th largest bank in Germany in terms of total assets. In 2018 its total assets were 26 546,38 mln EUR, providing the bank with the market share of 0.37%. In 2018 the bank's net income was 44,53 mln EUR.

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

FIDOR Bank AG

Customer Rating
 (2.1; 196 ratings)
Country of Origin
DEGermany

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 also provides B2B banking services, including banking as a platform, API banking services and crypto settlement accounts. Fidor Bank crypto-currency-as-a-service offers simplified new crypto-related investing and trading, including Fidor ICO accounts and Fidor exchange accounts. Fidor Bank offers its products via direct banking channels.

Services
retail banking
B2B banking services
Clients
individuals
business entities
Area Served
DEGermany
Products
debit cards
credit cards
savings accounts
consumer loans
car loans
trading accounts
Ways to Bank
online banking online banking
mobile app mobile app

FIDOR Bank AG is the 536th largest bank in Germany in terms of total assets. In 2018 its total assets were 1 470,52 mln EUR, providing the bank with the market share of 0.02%. In 2018 the bank's net income was 0,00 EUR.

FIDOR Bank AG participates in the 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; 5 ratings)
Country of Origin
ATAustria

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
ATAustria
Products
current accounts
trading accounts
investment funds
Ways to Bank
online banking online banking
mobile app mobile app

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 the 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; 5 ratings)
Country of Origin
ITItaly

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
ITItaly
DEGermany
Products
current accounts
payment cards
business loans
factoring
Ways to Bank
online banking online banking
mobile app mobile app

Illimity Bank S.p.a. is the 170th largest bank in Italy in terms of total assets. In 2018 its total assets were 908,76 mln EUR, providing the bank with the market share of 0.03%. In 2018 the bank's net income was -29,12 mln EUR.

Illimity Bank S.p.a. participates in the 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; 84 ratings)
Country of Origin
NLNetherlands

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
ATAustria
ITItaly
DEGermany
FRFrance
Products
debit cards
investments
Ways to Bank
online banking online banking
mobile app mobile app

ING-DiBa AG is the 8th largest bank in Germany in terms of total assets. In 2018 its total assets were 168,66 bln EUR, providing the bank with the market share of 2.37%. In 2018 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 Aa3 (high grade). ING-DiBa AG participates in the deposit guarantee scheme of Germany. This scheme covers accounts up to 100,000 EUR per bank per depositor.

N26 Bank GmbH

Customer Rating
 (4.5; 6282 ratings)
Country of Origin
DEGermany

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
ATAustria
BEBelgium
DKDenmark
EEEstonia
FIFinland
FRFrance
DEGermany
GRGreece
ISIceland
IEIreland
ITItaly
LILiechtenstein
LULuxembourg
NLNetherlands
NONorway
PLPoland
PTPortugal
SKSlovakia
SISlovenia
ESSpain
SESweden
CHSwitzerland
GBUnited Kingdom
USUnited States
Products
savings accounts
time deposit accounts
debit cards
Ways to Bank
online banking online banking
mobile app 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 the 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
DEGermany

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
DEGermany
Products
housing savings accounts
trading accounts
Ways to Bank
online banking online banking
mobile app mobile app

norisbank GmbH is the 212th largest bank in Germany in terms of total assets. In 2018 its total assets were 3 861,05 mln EUR, providing the bank with the market share of 0.05%.

norisbank GmbH participates in the 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
ESSpain

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. In 1999 Open Bank became first Spanish online broker that allows real-time operation in both domestic and international markets. In 2019 Open Bank started its international expansion: the bank launched its services in Germany, the Netherlands and Portugal. Open Bank is a member of Santander Group.

Services
retail banking
Clients
natural persons
Area Served
ESSpain
DEGermany
NLNetherlands
PTPortugal
Products
salary accounts
debit cards
credit cards
prepaid cards
virtual cards
time deposit accounts
investment funds
consumer loans
mortgage loans
insurance
Ways to Bank
online banking online banking
mobile app mobile app

In 2019 total assets of Open Bank, S.A. were 9 799,86 mln EUR. In 2019 the bank's net income was 1,15 mln EUR.

Open Bank, S.A. participates in the 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; 202 ratings)
Country of Origin
DEGermany

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
DEGermany
Products
savings accounts
Ways to Bank
online banking online banking
mobile app mobile app

Süd-West-Kreditbank Finanzierung GmbH is the 657th largest bank in Germany in terms of total assets. In 2018 its total assets were 1 101,34 mln EUR, providing the bank with the market share of 0.02%. In 2018 the bank's net income was 18,31 mln EUR.

Süd-West-Kreditbank Finanzierung GmbH participates in the 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; 21 ratings)
Country of Origin
ITItaly

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
ITItaly
Products
current accounts
debit cards
time deposit accounts
consumer loans
mortgage loans
trading accounts
investment funds
Ways to Bank
online banking online banking
mobile app mobile app

Webank S.p.a. participates in the 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; 27 ratings)
Country of Origin
ITItaly

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
ITItaly
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 online banking
mobile app mobile app

Wise Dialog Bank S.p.a. is the 61st largest bank in Italy in terms of total assets. In 2018 its total assets were 3 278,02 mln EUR, providing the bank with the market share of 0.12%. In 2018 the bank's net income was 1,55 mln EUR.

Wise Dialog Bank S.p.a. participates in the 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; 424 ratings)
Country of Origin
ESSpain

Founded in 2000 as Bancopopular-E, Wizink Bank offers selected banking products and services via Internet and mobile banking. In 2016 Bancopopular-E was rebranded as Wizink Bank. Currently Wizink Bank offers credid cards, which can be connected via direct debit to a bank account in another bank and deposit accounts.

Services
retail banking
Clients
natural persons
Area Served
ESSpain
PTPortugal
Products
credit cards
Ways to Bank
online banking online banking
mobile app mobile app

In 2019 total assets of Wizink Bank, S.A. were 4 587,04 mln EUR. In 2019 the bank's net income was -210,24 mln EUR.

Wizink Bank, S.A. participates in the 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; 1 ratings)
Country of Origin
FRFrance

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 online banking
mobile app 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 the 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; 5 ratings)
Country of Origin
NONorway

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
NONorway
SESweden
DKDenmark
FIFinland
Products
current accounts
savings accounts
credit cards
consumer loans
Ways to Bank
online banking online banking
mobile app mobile app

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 the 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; 20 ratings)
Country of Origin
DKDenmark

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
DKDenmark
Products
current accounts
credit cards
savings accounts
time deposit accounts
trading accounts
Ways to Bank
online banking online banking
mobile app mobile app

BASISBANK A/S is the 41st largest bank in Denmark in terms of total assets. In 2018 its total assets were 2 758,15 mln DKK, providing the bank with the market share of 0.04%. In 2018 the bank's net income was 68,00 mln DKK.

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

Bforbank

Customer Rating
 (2.0; 79 ratings)
Country of Origin
FRFrance

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
FRFrance
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 online banking
mobile app mobile app

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

CIB Limited

Customer Rating
n/a
Country of Origin
IMIsle of Man

CIB Limited, a member of investment company Capital International Group, was given a provisional banking licence to operate in the Isle of Man in August 2019. CIB Limited will offer its services to individual and corporate clients whose liquid assets are in excess of £500,000.

Services
private banking
wealth management
portfolio management
investment advisory
treasury services
cash management
foreign exchange
Clients
high net worth individuals
Ways to Bank
branch branch
online banking online banking

CIB Limited participates in the deposit guarantee scheme of the Isle of Man. This scheme covers accounts up to 50,000 GBP per bank per depositor.

CRONBANK AG

Customer Rating
n/a
Country of Origin
DEGermany

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
DEGermany
Products
current accounts
savings accounts
time deposit accounts
business current accounts
business loans
project financing
Ways to Bank
online banking online banking
mobile app mobile app

CRONBANK AG is the 837th largest bank in Germany in terms of total assets. In 2018 its total assets were 658,80 mln EUR, providing the bank with the market share of 0.01%. In 2018 the bank's net income was 3,16 mln EUR.

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

G-Rock Limited

Customer Rating
n/a
Country of Origin
GIGibraltar

G-Rock Limited (doing business as Golden Sand Bank) is a new innovative bank, focused on providing private banking and wealth management services via direct channels: online and mobile banking platforms. G-Rock offers simple and straightforward online onboarding process, once the onboarding is completed, the customer can get access to all G-Rock products and services from his/her smartphone or computer.

Services
private banking
wealth management
Clients
individuals
Area Served
Worldwide
Products
current accounts
debit cards
savings accounts
trading accounts
investment portfolios
Ways to Bank
online banking online banking
mobile app mobile app

G-Rock Limited participates in the deposit guarantee scheme of Gibraltar. This scheme covers accounts up to 100,000 EUR per bank per depositor.

GKBK Limited

Customer Rating
n/a
Country of Origin
GBUnited Kingdom

GKBK Limited (traded as Vive) is an emerging innovative bank, focused on providing savings products, personal loans, and an open banking-based Money Manager app.

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

INSTABANK ASA

Customer Rating
 (3.9; 7 ratings)
Country of Origin
NONorway

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
NONorway
Products
current accounts
payment cards
savings accounts
time deposit accounts
consumer loans
car loans
Ways to Bank
online banking online banking
mobile app 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 the 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; 4 ratings)
Country of Origin
NONorway

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
NONorway
Products
current accounts
payment cards
savings accounts
time deposit accounts
consumer loans
car loans
mortgage loans
Ways to Bank
online banking 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 is rated by Moody's. Long-term credit rating assigned to the bank by Moody's is A1 (upper medium grade). KLP BANKEN AS participates in the 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
FRFrance

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
FRFrance
Products
current accounts
payment cards
savings accounts
time deposit accounts
consumer loans
trading accounts
Ways to Bank
online banking online banking
mobile app mobile app

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 the 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; 237 ratings)
Country of Origin
GBUnited 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
GBUnited Kingdom
Products
current accounts
business current accounts
joint accounts
payment cards
savings accounts
overdrafts
consumer loans
Ways to Bank
mobile app mobile app

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 the 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; 4 ratings)
Country of Origin
NONorway

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
NONorway
Products
current accounts
savings accounts
time deposit accounts
consumer loans
car loans
Ways to Bank
online banking online banking
mobile app 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 the deposit guarantee scheme of Norway. This scheme covers accounts up to 2,000,000 NOK per bank per depositor.

NORDEA DIRECT BANK ASA

Customer Rating
 (3.5; 2 ratings)
Country of Origin
FIFinland

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. In March 2019, Gjensidige Bank was acquired by Nordea and continues its operations as Nordea Direct Bank.

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

NORDEA DIRECT 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%. NORDEA DIRECT 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.

NORDEA DIRECT BANK ASA participates in the 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; 146 ratings)
Country of Origin
FRFrance

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
FRFrance
ESSpain
Products
current accounts
credit cards
savings accounts
time deposit accounts
consumer loans
Ways to Bank
online banking online banking
mobile app 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 the 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; 232 ratings)
Country of Origin
GBUnited 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
GBUnited Kingdom
Products
current accounts
joint current accounts
business current accounts
payment cards
overdrafts
business overdrafts
consumer loans
Ways to Bank
online banking online banking
mobile app 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 the 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; 23 ratings)
Country of Origin
GBUnited 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
GBUnited Kingdom
Products
current accounts
savings accounts
time deposit accounts
credit cards
Ways to Bank
mobile app 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 the deposit guarantee scheme of the United Kingdom. This scheme covers accounts up to 85,000 GBP per bank per depositor.

See Also