6 Best Digital Banking Apps in the UK in 2024: Fees and Features

Jarrod Suda


Byron Mühlberg


Jan 16, 2024
Advertiser disclosure

Digital challenger banks in the UK do not operate networks of brick-and-mortar branches nor do they have a strong presence on the high street. Instead, they offer slick app-only banking experiences with fee-free current accounts and in-app customer support. You'll just need an iOS or Android smartphone.

Some of the best banking apps in the UK even offer multi-currency accounts, access to stocks, interest on savings, international money transfers, and other powerful digital tools.

All of the UK apps featured in this guide are free to download. We clearly detail their paid plans and fees associated with the apps — if any.

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Best App-Only Digital Accounts in the UK

Without further ado, let's dive into our rankings for the best banking apps in the UK in 2024 —

Key Facts About the Best UK Banking Apps

👥 No. of customers

Approx. 20 million

🔎 No. reviewed on Monito

6 (compared below)

💸 Average monthly fee


💻 Sign up process

Fully online or in-app

📶 Largest app (customers)
  1. Monzo (6 million)
  2. Starling Bank (3 million)
📶 Largest app (revenue)
  1. Starling Bank (£188 million)
  2. Monzo (£154 million)

Starling Bank: Best Current Account

Starling Bank is not only a fully-authorised bank in the UK, it is fully digital. Its fee-free current account operates solely on a desktop or on the smartphone banking app. It gives you access to an impressive range of financial services, including overdraft, loans, joint accounts, youth cards, pensions, Euro balances, and savings on interest. Starling offers arguably the best licensed online bank account in the UK — one we recommend as a full replacement for a high-street bank account.

  • Account name: Personal Account
  • Potential costs: £20 per CHAPS transfer in the UK, 0.4% + £5.50 for international SWIFT transfers, £5 for a replacement debit card.
  • Noteworthy features: Saving Spaces, pension scheme, youth card, interest, overdraft.
  • More info: See our full Starling Bank review.

Monzo: Most Popular in the UK

Monzo is a fully-licensed UK bank and probably the country's most famous digital banking app. With its simple no-nonsense interface, Monzo charges no fees for day-to-day card use (e.g. ATM withdrawals and card transactions) in the UK and abroad.

Monzo has partnerships with several wealth management institutions, which you can use to get over 3% AER on your savings. This feature is why we think Monzo is well-suited for long term savings.

  • Account name: Monzo
  • Potential costs: 3% per withdrawal if you withdraw over £250 per month.
  • Noteworthy features: Fixed Pot, Easy Access Savings, overdrafts, loans, bill splitting.
  • More info: See our full Monzo review.

Wise: Best for Multi-Currency

The Wise Multi-Currency Account is a low-cost foreign currency spending account and card product that's best for foreign currency spending of all kinds, whether it's holidays overseas, online shopping, or international money transfers.

  • Account name: Multi-Currency Account
  • Potential costs: £0.50 per cash machine withdrawal if more than two withdrawals are made per month, plus 1.75% on withdrawals exceeding £200 per month.
  • Noteworthy features: International money transfers, multiple account details, multi-currency balances.
  • More info: See our full Wise Multi-Currency Account review.

Monese: Best for Recent Arrivals

Monese is an app-only challenger bank that offers checking accounts to more than two million customers across much of Europe. Monese doesn't require you to prove your residence to meet creditworthiness standards to open an account in the UK, which is why we think Monese is ideal for new arrivals from the European Economic Area (EEA) to the UK.

  • Account name: Starter
  • Potential costs: £1.50 per cash machine withdrawal; 2% per foreign currency transaction not in GBP, EUR, SEK, or RON; £4.95 for debit card delivery.
  • Noteworthy features: PayPal integration, Avios integration, Money pots, interest.
  • More info: See our full Monese review.

Tide: Best for Sole Traders

Tide is dedicated to supporting small businesses and self-employed professionals such as sole-traders and freelancers, contractors, and consultants. Tide's business accounts, which you can open in minutes, are accessible on desktop or banking app.

Tide's software does a lot of business admin work for you, such as automatically chasing unpaid invoices, paying salaries, and preparing your taxes. Tide even allows startups and newcomers to use Tide's address as a 'virtual office address' to ease the process of setting up your company in the UK.

Tide Bank

  • Account name: Free Business Account
  • Account type: Current (UK bank details).
  • Total cost: £0 per month.
  • Noteworthy features: Free invoicing, Credit options.
  • Availability: the UK.
  • More info: See our full Tide review.

Comparing the UK’s Best Banking Apps in 2024

To wrap things up, let's compare the service and pricing of the free plans of the UK digital banking apps we explored above.


Personal Account



Multi-Currency Account






GBP, USD, EUR, and 7 others














Intl Payment






Intl Transfer







Google Pay

Apple Pay


Bank transfer, cash

Bank transfer, cash

Bank transfer, debit/credit card

Bank transfer, debit/credit card

Bank transfer, debit/credit card



Mobile, internet banking


Mobile, internet banking


Mobile, internet banking








2 million

5.5 million

16 million

10 million

16 million

Try StarlingTry MonzoTry RevolutTry WiseTry Monese

Last updated: 17/11/2022
¹ Up to a daily limit of £400 and a monthly limit of £5,500.
² Up to £200 withdrawals per month, 2% on exceeded amount thereafter.
³ Up to twice per month, £0.50 per withdrawal thereafter and up to £200 per month, 1.75% on exceeded amount thereafter.
⁴ Uses Wise's platform for international money transfers.

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