Banking revolution with Apps

Banking Revolution With Apps - Debt Consolidation LoansImagine a bank which you can’t visit or speak to on the phone or access via your usual internet browser. Such is Atom – a new kind of bank that you can deal with only via the app on your smartphone or tablet.

Atom plans to have 5 million current accounts by 2020 and mainly targets the 18-34 age group. “We won’t be for everyone and we’re OK with this” says their website. They are aiming to accommodate personal and business customers “who are comfortable using digital”.

Atom is the second app-based bank to be launched in the UK: the German bank, Fidor, like Atom, is free and does not credit check potential customers. Fidor “offers innovative and simple banking solutions” and invites people “to be part of the banking revolution”.

Similar banking services are also now being offered by Monese and Ffrees but these are not actually banks and there are some strings attached (like charges). However, they are proving popular because they accept customers without a permanent address and those with a poor credit history. Monese is specifically targeting “unbanked, expat and immigrant consumers” and Ffrees claim to have opened more than 60,000 accounts. Their websites promise to set up your account in minutes, even if you’re new to the UK. There is no overdraft facility or credit card but otherwise the current account acts much as expected, with the facility to have your salary paid into it, set up direct debits and standing orders, and use their debit card in shops and to make withdrawals at cash machines.

It’s all worlds away from the days when you had to visit a bank, an actual building, with its unhelpful opening hours and long queues. And, yes, they were all shut on Bank Holidays.

 Debt Consolidation Loans are a UK based Debt Consolidation Loans Broker, We can help with any form of Debt Consolidation you may need.

Visitors also read:

Avoid the Costs of Unofficial Websites - Debt Consolidation LoansGuides
September 3, 2015

Avoid the Costs of Unofficial Websites

Costs of Unofficial Websites Avoid the costs of unofficial websites by making sure that you use only the official websites for things like getting a passport or EHIC card, paying…
Is a debt consolidation loan right for me - Debt Consolidation LoansDebt Consolidation
September 1, 2020

Is a debt consolidation loan right for me

Lots of us experience debt at some point in our lives. In fact, over half of UK adults went into 2020 with personal debt, a number which is sure to…
Debt Consolidation HomeownersDebt Consolidation
April 5, 2020

Debt Consolidation Homeowners

Debt Consolidation Homeowners Debt consolidation homeowners: Are you struggling with mounting debts can be one of the most depressing times for any homeowner. Debt Consolidation Loans can be the smartest…
good debt vs bad debtDebt Solutions
November 23, 2020

How to avoid Debt over Christmas

Here are our tips on how to avoid debt over Christmas Debt consolidation loans can help when it comes to avoiding debt over the Christmas period, It is not uncommon…
Competition Is Key to Loan Deals - Debt Consolidation LoansGuides
September 26, 2015

Competition Is Key to Loan Deals

Competition is key to loan deals This summer we’ve seen personal loan rates at the lowest they’ve ever been. Obviously the low Bank of England base rate helps that, as does…
debt consolidation for bad credit in UKBad Credit
November 26, 2020

4 Benefits of Debt Consolidation Loans

According to a recent survey, approximately 26 million people in the UK have debt and a significant portion of this population has bad credit because of it. Poorly managed debt…

Leave a Reply

10 − 6 =