Work with a new kind of bank

The days of the traditional bank may be numbered

New banks are popping up all of the time, and some of them use an app as their gateway to your finances and the customer service behind the organisations. They feel strange to use at first, but whether you want to use one as a supplement to your traditional account or if you want to jump in to this modern banking style, there are many advantages included.

1 New-age banking

Bank apps like Monzo are designed to work within the mobile environment and as such tend to be easier to use than traditional banking offerings.

2 Keep detailed records

You can keep detailed records and include receipts and other information for each transaction. Every expenditure and aspect of the app can be personalised.

3 Specific targets

With an emphasis on perhaps not being your main bank account, Monzo lends itself well to saving for a particular purchase or for limiting your spending.

4 Instant management

You can freeze your card if you lose it and deal with other timely security issues as they occur. There is no waiting in a long call centre queue to get things done.

5 Simple support

The minimalist nature of the service means most support issues can be handled within the app, but there are advisors to chat to if you need them.