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Top 10 Innovative Neobanks in 2022

top neobanks

Neobanks are digital financial practices that provide functions as banks and also more than traditional banks.

Compared to traditional banks, neobanks make account opening simple and swift.

They also provide a wide range of financial services such as payment and money transfers.

There are more than 213 neobanks in the world at the moment, but we'll narrow it down to the top 10.

The Top 10 Neobanks in 2022

  1. Revolut
  2. Statrys
  3. N26
  4. Monzo
  5. Current
  6. Starling Bank
  7. Chime
  8. Atom Bank
  9. Cleo
  10. Qube Money

1. Revolut

Many neobanks and challenger banks are from the United Kingdom.

Revolut is one of them! Revolut is a UK-based neobank that has already obtained a banking license in the European Union.

It started off focusing on travel cards that provide cheap exchange rates in 2015.

In the last 6 years, Revolut has gained more than 5 million customers.

Aiming to become the world’s first global bank, Revolut has been expanding its services to many countries in Europe and the United States.

It is spreading its business to Asia in the near future as they have announced that they will launch in Hong Kong soon!  

Features :

  • Accepts 150 different currencies
  • No charge fees for exchanging standard currencies 
  • Buy and sell several cryptocurrencies and stock 
  • Account for kids aged 7 to 17 
  • Weekly spending insights 

2. Statrys

Of course we can't forget to mention ourselves. Not just because we can, but also because we're one of APAC's go-to SME business accounts even in comparison to the big banks.

Statrys is a digital payment services platform that has been operating since 2018, offering Hong Kong SME business accounts to companies around the globe.

We are known for our excellent service which is affordable, dependable, and transparent.

Features :

  • Supports multi-currency and single-currency account 
  • Comprehensive foreign exchange services 
  • 24/7 support from real people 
  • Payment card (coming soon) 
  • Provides trade financing services 

3. N26

N26 is a German neobank headquartered in Berlin.

It provides services in the United States and some member states of the Single Euro Payments Area (SEPA).

They have built up an extensive client profile since 2013.

Now, N26 has more than 7 million customers in 25 markets.

N26 offers services to both personal and business users. 


  • Free basic current account 
  • Free payment worldwide  
  • Provides debit Mastercard 
  • 0.1% cashback  
  • 24/7 Chatbot support

4. Monzo

Monzo is a neobank based in the United Kingdom. It is expanding to the United States at the moment.

It holds a bank license in the United Kingdom and Australia. It provides overdrafts up to 1000 pounds in the UK.

Monzo is famous for its budget planning features.

Users all over the world can enjoy the service from Monzo as you can use Monzo anywhere that accepts Mastercard.

Therefore, as long as you have a MasterCard, you can use Monzo.

Monzo also provides services to business users as it launched a business bank account in March 2020. 


  • no monthly fees 
  • no minimum balances 
  • 24/7 customer support 
  • Free bank transfer within the UK 
  • Budget and categorize spending 

5. Current

Current is a US-based challenger bank that aims to modernize banking.

It was founded in 2015 and now it has more than 2 million users.

It targets young users as the average age of its members is 27.

They have received good comments on their app and customer service. 


  • Teen banking
  • Fee-free overdraft 
  • Saving Pods 
  • Early direct deposit 
  • No hidden fees 

6. Starling Bank

Starling Bank is a fast-growing neobank in the United Kingdom.

In the last 6 years, it has opened more than 2 million accounts which include 300,000 business accounts.

It was voted as Best British Bank in 2018, 2019, and 2020.

It offers diversified services, such as lending products and B2B banking and payment services. 


  • Starling Marketplace
  • Business Toolkit 
  • No fees Travel 
  • Connected Card
  • Money transfers in 38 countries 

7. Chime

Chime is a US-based financial software company that partners with Bancorp Bank and Stride Bank.

Chime focuses on providing debit and credit card services.

Many users choose Chime over other neobanks because of its high interest rate.

Chime is considered one of the best high-yield online savings accounts as Chime’s savings accounts pay 0.50% APY.

The interest rate is competitive compared to the average rate (0.04% APY). 

However, if you are looking for loans and financial products, Chime is not right for you.

Chime does not offer loans and financial products.


  • Fee-free overdraft  
  • Competitive interest rate on savings accounts
  • Early direct deposit 
  • No minimum balance
  • No foreign transaction fees
  • No monthly fees 
  • Credit card provided 
  • Automatic savings account 

8. Atom Bank

Atom bank is an app-only bank founded in 2014.

It is the first digital-only challenger bank in the United Kingdom.

Unlike other neobanks like Starling Bank and Monzo, Atom Bank offers savings accounts and mortgages instead of current accounts.

Business owners can also apply for business loans from Atom Bank. 


  • Range of fixed saver accounts 
  • Mortgages
  • Business loans 
  • User-friendly app 
  • Award-winning in-app customer service 

9. Cleo

Cleo is a very unique neobank as Cleo is the combination of artificial intelligence and financial technology.

Cleo is a chatbox that acts as a digital assistant which is linked to users’ bank accounts to provide assistance in different aspects.

Cleo offers personal services, such as money management features.

There are two types of Cleo accounts - Cleo and Cleo plus.

Cleo plus is a monthly subscription service that provides features like salary advance and credit score coaching (currently only available in the US).  


  • Salary advance 
  • Track your spending
  • Set a budget 
  • Set saving goals 
  • Credit score coaching

10. Qube Money

Qube Money is a budgeting and banking app that is backed by Choice Financial Group.

The main feature of Qube Money is that they offer digital cash envelopes.

Users can organize their money and categorize spending. It comes with a debit card that acts as the traditional ‘cash’.

Qube Money is perfect for big spenders as it helps control excessive spending. 


  • Digital cash envelopes 
  • Debit card provided
  • Money budgeting 

Looking for a neobank to take your business to the next level and go pro?

Open an account with Statrys today and get access to a multicurrency business account in Hong Kong that can be used anywhere in the world.


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