What Is a Neobank? – Margarette Burnette

What is a neobank? A neobank is a tech company that provides banking services via mobile app or website. Banking options may include the ability to transfer money electronically, pay bills and receive direct deposit or mobile check deposits. Some of these fintech providers also offer tools to help with budgeting and saving. Neobanks, sometimes…

Margarette Burnette writes for NerdWallet. Email: mburnette@nerdwallet.com. Twitter: @Margarette.

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