Neobanks and money apps are the newest places to stash and manage your cash - but how do you choose between all the features and technology they have on offer?
Our handy comparison table lets you compare everything from the latest payment options and money management tools to rates and fees on neobank bank accounts, savings accounts and home loans - all in one place!
Search promoted neobanks below. Advertiser disclosure.
Australia’s first SME-focussed challenger bank offering business loans as well as personal term deposits.
Earn up to 1.60% p.a for a 5-year term. Minimum $1000 deposit. 0.10% loyalty bonus on top of standard rate if you reinvest. Deposits up to $250,000 covered under govt financial claims scheme. 1 month to 5 year terms available.
Judo provides business lending solutions for small to medium-sized businesses. Borrow from $250,000. Equipment loans, finance lease, business and line of credit loans.
As a Judo Bank customer you’ll get your own dedicated business banker who gets to know you and the funding needs of your business.
Built to be fast and nimble, Judo Bank is Australia’s first SME-focussed challenger bank. Founded in 2016 and headquartered in Melbourne, it now employs over 140 people.
To learn more, read our comprehensive Judo Bank review.
Putting a 21st century spin on everyday finance for kids.
Let your kids make purchases in-person and online or via Apple Pay with their very own, Spriggy Prepaid Visa Card. Control card balance top ups and view card transactions yourself, and let your kids customise their card with a number of unique designs.
Use the Spriggy app to receive real-time notifications of the purchases being made, alerts for insufficient card funds and freeze and unfreeze the card in-app with the touch of a button.
Introduce your kids to the idea of saving by helping them set up custom savings goals in-app, complete with visuals. Kids can add money towards their goals, track their progress and only access the funds once the goal is completed.
Founded in 2015, Sydney-based Spriggy is on a mission to help kids start building positive everyday money habits from day one. Since launch, Spriggy has welcomed over 300,000 members.
To learn more check out our comprehensive Spriggy review.
A digital spin on pocket money and spending for Aussie kids.
Allow your kids to make their own purchases in-person or online with a customisable Prepaid Mastercard or wearable band, both of which can be topped up by parents through the ZAAP mobile app.
Have full visibility of your kids' transactions and their card balance with the Parent Wallet in the ZAAP app. Transfer money instantly from the Parent Wallet to the Child Account if needed, or set up recurring transfers for pocket money each week.
Create a savings goal and help your kids hit their target with one-off payments or scheduled transfers into the dedicated Savings Wallet in the ZAAP app.
About ZAAP
Launched in 2019, ZAAP is one of the first Australian fintechs to create a purpose-built money tool for Australian kids and parents. To find out more check out our comprehensive ZAAP review.
Organise your money effortlessly. Earn interest on your savings. Sign up in under 3 minutes.
No monthly fees and earn up to 0.70% interest when you make 5 card purchases per calendar month. Savings round-up functionality to help you save for your goals. Plus voice banking with Siri to check balances or transfer funds.
Automatically receive a $10 bonus into your new Up account when you use the special code MOZOUP10 at sign up.
Built-in budgeting including: weekly spending notifications, time and location stamps so that you can track where and when you spend your money, optional account balance notifications with each transaction.
Up cards work around the world, pay no international purchase fees or overseas ATM withdrawal fees, get great exchange rates and instant purchase notifications in AUD.
Founded in 2017, Up now has over 300,000 Australian customers. Up is backed by Bendigo and Adelaide Bank in banking, and Mastercard in payments. Deposits provided through the Up apps are protected by the Financial Claims Scheme, up to $250,000 per person.
To learn more read our comprehensive Up Bank review.
A digital only bank designed to help people save money. Sign up now for beta access.
First neobank granted a full licence to operate as an Authorised Deposit-Taking Institution in January 2019. Volt has already launched a savings account and is likely to release a bank account in the near future, as well as credit options like personal loans and home loans down the track.
From personalised insights, fast and speedy application and approvals to full transparency on fees and charges, Volt promises to be a bank that works for you.
With a no strings attached savings rate of 1.00% and some handy savings prompts, the Volt Save account could help you grow your savings stash without the hassle.
Established in 2017, Volt Bank is part of the technology-led banking revolution sweeping Australia’s shores. The first bank granted a full ADI licence, Volt is not only determined to change the way we use banking technology, but how banks actually operate from protecting your data, money, and making honest recommendations.
To learn more read our comprehensive Volt review.
Simple online lending at your fingertips from one of Australia’s emerging fintech.
Upgrade your car or renovate your kitchen with an Alex Personal Loan. Borrow up to $30,000 with low rates starting from 6.95% (6.95% comparison rate*) and no ongoing fees. 1 to 5 year loan terms available.
Why walk into a branch when you can apply for a loan at home, on your smartphone or laptop? Alex has even streamlined the application process so you can be done in as little as three minutes.
Alex isn't done yet, because they’ve got grand ambitions to be Australia’s next fully-fledged neobank. That means an Alex savings account could be just around the corner.
Alex is an online lender and aspiring neobank. Founded in 2018 and based in Brisbane, Alex is in the process of building a 100% digital bank subject to approval from regular APRA.
Like to learn more? Check out our full Alex review.
100% mobile, no fees and money management and insights at your fingertips. What banking should be in 2020.
Be one of the first 10,000 users to sign up and you’ll lock in exclusive benefits for the life of your account. Perks include early access to new features and updates, a limited issue Hay Card and much more.
No foreign exchange fees, no international transaction fees and up to $500 fee free international ATM withdrawals per month. Hay’s app unique travel mode automatically detects when you head overseas and gives you crystal clear insights of how your account balance is tracking in local currencies.
From real time spending notifications to monthly summaries that show you how much you’ve spent, where and what on, Hay’s simple interface turns your day-to-day spending into useful visualised insights that help you to stay in control of your money.
Founded in 2018, Hay is a Sydney-based fintech on the verge of getting its Restricted Authorised Deposit-taking Institution (RADI) Licence which would put it on the path to becoming a fully-fledged Australian bank. Hay's waitlist is open now, so early adopters can sign up to become a founding member and one of the first to get access to the prepaid card, account and Hay app.
To learn more, read our comprehensive Hay review.
A bank with great rates and no monthly fees. Real time personalised insights to help you spend less and save more.
Earn up to 1.20% interest when you deposit $1,000 per month into any of your 86 400 accounts. No monthly fees. Free cash withdrawals from over 10,000 Australian Bank ATMs. Deposits up to $250,000 covered by Australian Government financial claims scheme.
86 400 have combined convenience and competitive rates to create their brand new home loans. Digital applications, faster approvals and broker assistance are just some of the features making 86 400's home loans innovative.
The 86 400 app gives you visibility across all your accounts, from multiple providers, to help you manage your money and make smarter decisions. Automatic predictions of upcoming payments also keep you a step ahead.
86 400 might seem like a strange name for a bank, but it is all about giving Australians easy access to their money and real time information about their finances - every second of the day. Backed by Cuscal, one of Australia’s largest payment solution providers and based in Sydney, 86 400 has a full banking licence from financial regulator APRA.
To learn more, read our comprehensive 86 400 review.
Mobile based account and card offering global spending and money transfers with no fees. Account fees up to $10.99 per month.
The Revolut card is accepted globally wherever Visa is. Get the real interbank exchange rate on transactions, saving you money. The number of free ATM withdrawals and fee-free currency exchange depends on the pricing plan you choose.
Revolut’s app includes a built-in budgeting tool so you can track your spending or set up limits for things like grocery spending or nights out! Instant spending notifications also help you to keep track of your spending.
Revolut’s round-up feature siphons off your spare change to help you save for your goals. Full flexibility and control means you can choose to round up every transaction, set up a recurring payment or simply make one-off contributions.
About Revolut
Revolut launched in 2015 in Europe and recently launched its Australian office, which is headquartered in Melbourne. It has already attracted 5 million customers, over 30 European markets and currently has over 20,000 Australians on its waitlist.
To learn more read our comprehensive Revolut review.
A smart bank account helping you be financially healthy. Sign up now for early access.
Whether its paying bills or travelling across the globe, Douugh helps you to manage payments, get visibility of where and how much you’re spending. The Douugh Mastercard debit can be used around the world and is Apple Pay enabled.
From spending insights to automated savings jars to help you reach your money goals, Douugh’s money assistant, Sophie, will make it easy for you to track and take the stress out of managing your money.
Set spending targets per category. Get real time alerts to help you stay focussed on your goals.
About Douugh
Douugh’s mission is to create a financially healthier world. It was founded in 2016, by the co-founder of Australia’s first peer-to-peer lender, Society One.
To learn more, read our comprehensive Douugh review.
Travel the globe with a Pelikin prepaid card. Track your spending via the smart money app. Sign up in as little as 3 minutes.
