Traditional banks and neobanks can offer similar everyday services, but their licences, account structures and customer protections may differ. This guide explains how to compare them by legal status, access to money, costs, lending and support across major jurisdictions.
A neobank is a digital-first financial service, but it is not necessarily a licensed bank. This guide explains how neobanks operate, where customer money is held, how they earn revenue and what to check across major jurisdictions.
