Neobanks Explained: Why It's Not a Bank | NerdWallet

[@DeepFrydTurd]

I hate going to a bank and waiting in line for something that can get done Right where I am sitting . I switched to NeoBanks 7 years ago and have never looked back. Plus NeoBanks have AI features that can automate everything even porfolios

[@usr-coffee]

out of the neo banks i like ubank ( multiple banks in one place) and upbank (for super high directions for only spend what u have )

[@WillieSam]

Sofi have bank charter and offer all of neobanks service. Are they a bank or not?

[@andrewtrust1021]

A very lazy video imo. The benefits of using "neo-banks" go well beyond something like representation of particular groups. Most people, including myself, are looking at these services because they generally have low initial investment, minimal or no fees, auto-save and investment features, and intuitive interfaces. Simple was the best in the field and I loved it. It was purchased by BVAA, but that didn't affect it much; it was actually PNC that acquired the company and effectively killed it. And why wouldn't they? Simple allowed people to save effectively and PNC is in the business of creating credit debt. Sadly, nothing has been made that is as intuitive and rewarding as Simple at this time, but people who benefited from the bank and its features are still looking.

[@Cylitrix]

Tankies suu, gud to knowsuu! I find all this helpful!

[@amnrob101]

Great information!!