What is a Digital Bank & How Does it Work?
Digital banking is a service offered through mobile apps or browsers by fintech companies with no physical branches. These financial companies are also called neobanks, challenger banks, virtual banks, and mobile banks.
What Are The Benefits of Digital Banking Account?
Digital banks have low to no fees, more and better features available in mobile apps, and are generally easier to use.
Online Vs. Digital Banks
Digital banking is a much broader term than online banking because it offers more features and benefits than online banking, which is just an extension of services that are offered in physical branches.
