5 Best Banking Apps for Android

The pandemic has changed banking like everything else. Gone are the days of personally visiting banks. Most of the banking nowadays is done through apps. Banking apps let you conveniently check your accounts, send/receive money, pay bills, deposit checks and more. The pandemic has soared the popularity of challenger banks that offer unbelievable rates and features. The 5 best banking apps for Android list contains traditional banks, challenger banks and even third-party apps that offer banking features.

5 Best Banking Apps for Android

Transferwise

Transferwise is a truly global bank. It has 14 offices around the world serving 8 million customers. On average, it is 8x cheaper to transfer money using Transferwise than any other bank. The bank prides on being transparent and shows all the fees clear and upfront. Using the Transferwise app to check spendings, transfer money and pay bills is fairly easy. You can hold 28 currencies and receive money in multiple currencies without any fees. Transferwise is the best banking app for expats, foreign students, multi-national businesses and freelancers.

Charles Schwab

Charles Schwab kills two birds with one stone - banking and investment. Its user-friendly app makes it easy to manage bank accounts and investments on the go. You can transfer money and deposit checks using the app. Set custom alerts for any activity on your Schwab Visa Platinum® Debit card. The best part is that Charles Schwab refunds all ATM withdrawal fees charged on the debit card. Managing your investments is also easy via the app. You can easily trade/edit/cancel Stock, ETF, Mutual Fund and multi-leg option orders and set real-time Trade Notifications. Schwab Podcasts and videos help you make wiser choices. Charles Schwab is one of the best banking apps out there.

Mint

Mint

Mint is a third-party budgeting app that traverses different bank accounts. It is excellent at analysing and categorising your monthly expenses. All you have to do is link your bank accounts and credit/debit cards. The app analyses each transaction and puts it under the appropriate category such as Grocery, Phone Bill, Restaurant etc. When it can’t determine a category, it prompts you to select one. You can even put personal monthly limits on different categories and Mint will notify whenever you are close to or over the limit. The excellent visual representation of your spendings helps you understand your spending habits. Mint is an excellent app to keep tabs on different accounts and cards.

N26

N26

N26 was one of the pioneers of the challenger banks revolution. It has gained over 5 million customers in the last 5 years. It is available in Europe and the US. The N26 Standard account is free with no minimums and it comes with a Mastercard debit card. 5 ATM withdrawals per month are free. Contactless payments are supported by Google Pay and TransferWise partnership enables international money transfers in 38 different currencies. Customer service is available in English, French, German, Spanish and Italian. All these features make N26 one of the best banking apps for Android users.

Revolut

Revolut

Revolut is one of the best banking apps without a doubt. Revolut app interface is suave. The free account has no minimums and offers a debit card that provides free ATM withdrawals up to £200 per month. It can also be used in 150 countries to pay at the interbank exchange rate. Sending money abroad is quick and cheap, you can transfer money in 30 currencies with the interbank exchange rate. Instant notifications and automatic transaction categorisation are handy features. It is available in 30 European countries, the US, Australia and Singapore. It plans to expand to other countries in the Americas and the Asia Pacific. The app doubles up as an investment app by letting you invest in different cryptocurrencies and gold along with commission-free stock trading.

Jim has a bachelor in Philosophy of Science from the University of Leeds. When he is not writing tech articles he enjoys photography 📷 and traveling 🚂.