10 Biggest Digital Banks in 2022

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    We made a list of the top 10 digital banks that have stood out this year so far. Since digital banking can be an excellent way to gain more control over your investments and earnings, with access to things like financial apps to make various parts of cash management easier, you may want to be careful when selecting which ones are best for you.

    Lately, the digital space has grown exponentially over the years with several innovative ideas and technologies taking center stage and changing the way we bank and transact online. So many digital banks have cropped up from every corner of the world and it’s only natural to want to know the best ones as opposed to the mediocre banks.

    10 biggest digital banks in 2022

    1.  Axos Bank:

    Axos Bank is one of the leading digital banks in the industry and has been around since 2000. Axos Bank helped to introduce consumers to the age of tech-driven finance. with easy-to-do steps, you could easily create an account and enjoy full-service banking online, easy access to your funds whenever you need it, personalized support, and guidance as well as investment opportunities.

    The bank provides a range of services such as mortgages, small business banking, commercial banking and lending, and even crypto investing. The company has received recognition for services rendered by several publications as one of the very best online banks available to everyday users.

    2. Varo Bank:

    Varo Bank is a digital bank that offers customers an easy and convenient way to manage their finances. With Varo, you can access your accounts and make transfers without having to go through a financial institution. Additionally, the bank provides a wide range of banking products and services, including mortgages, loans, credit cards, and investment products.

    Varo has received high praise from both consumers and business professionals for its user-friendly platform and comprehensive range of services. The bank was also named one of the “Best Banks in Europe” by Forbes in 2018.

    3. Nordea Bank:

    Nordea Bank is a leading Nordic bank with over 60 years of experience helping people get access to affordable financial services. The bank offers a range of products and services, including mortgages, credit cards, loans, and investment products. Nordea also offers digital banking solutions that allow customers to manage their finances online.

    Nordea was ranked as the best bank in Europe by Forbes in 2018. The bank has also been recognized for its commitment to providing high-quality services to customers, with several awards awarded to Nordea over the years.

    4. BMW Bank:

    BMW Bank is a German financial institution that offers a wide range of products and services, including mortgages, loans, credit cards, and investment products. The bank also provides digital banking solutions that allow customers to manage their finances online.

    BMW was ranked as the best bank in Germany by finance magazine Finanz und Wirtschaft in 2018. The bank has also been recognized for its commitment to providing high-quality services to customers, with several awards awarded to BMW over the years.

    5. Digital Life Bank:

    Digital Life Bank is a Romanian financial institution that offers a wide range of products and services, including mortgages, loans, credit cards, and investment products. The bank also provides digital banking solutions that allow customers to manage their finances online.

    Digital Life was ranked as the best bank in Romania by finance magazine in 2018. The bank has also been recognized for its commitment to providing high-quality services to customers, with several awards awarded to Digital Life over the years

    6. Saxo Bank:

    Saxo Bank is a Danish financial institution that offers a wide range of products and services, including mortgages, loans, credit cards, and investment products. The bank also provides digital banking solutions that allow customers to manage their finances online.

    Saxo was ranked as the best bank in Denmark by finance magazine FinansWatch in 2018. The bank has also been recognized for its commitment to providing high-quality services to customers, with several awards awarded to Saxo over the years.

    7. Starling Bank:

    Starling Bank is a British financial institution that offers a wide range of products and services, including mortgages, loans, credit cards, and investment products. The bank also provides digital banking solutions that allow customers to manage their finances online.

    Starling as ranked as the best bank in the United Kingdom by finance magazine MoneySavingExpert in 2018. The bank has also been recognized for its commitment to providing high-quality services to customers, with several awards awarded to Starling over the years.

    8. Chime:

    Chime is a British financial institution that offers a wide range of products and services, including mortgages, loans, credit cards, and investment products. The bank also provides digital banking solutions that allow customers to manage their finances online.

    Chime was founded in San Francisco in 2013 by Chris Britt who is currently the company’s CEO and CTO. The company became famous in 2014 on the Dr. Phil Show after he surprised his guests with a Chime card and $5,000. The company has moved closer to the future by partnering with several investment banks and companies to launch a stock market flotation that could blow up its market valuation by more than $30 billion by the end of this year.

    9. Sofi:

    Sofi is a British financial institution that offers a wide range of products and services, including mortgages, loans, credit cards, and investment products. The bank also provides digital banking solutions that allow customers to manage their finances online.

    Sofi was founded in 2012 by the co-founders of TransferWise, Taavet Hinrikus and Erik Voorhees. Sofi is currently headquartered in London and has over 700 employees. Sofi has been recognized for its commitment to social responsibility, with the company donating £1 million to the UK’s homeless charity Crisis in 2018.

    10. Revolut:

    Revolut is a UK-based financial institution that offers a wide range of products and services, including mortgages, loans, credit cards, and investment products. The bank also provides digital banking solutions that allow customers to manage their finances online. Revolut was founded in 2015 by Nikolay Storonsky and Vlad Yatsenko. The company has raised over $2 billion in capital from investors including Index Ventures, Fidelity Investments, and Ribbit Capital.

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