When deciding between Revolut and Hello bank!, it’s important to evaluate which features best align with your financial needs.
This comparison will highlight key differences, from mobile banking capabilities to specific benefits, helping you make an informed choice.
Revolut
Hello bank!
How do Revolut and Hello bank! compare?
Revolut and Hello bank! are two mobile banking platforms that offer digital financial services, each catering to different customer needs with innovative features and user-friendly interfaces.
Revolut specializes in international banking services, providing features such as multi-currency accounts, free overseas ATM withdrawals, and cryptocurrency trading. Its offerings are particularly appealing to frequent travelers and those engaging in global financial transactions.
Hello bank!, in contrast, focuses on residents of Belgium, France, Germany, and Italy, delivering a comprehensive range of local banking services. It combines the convenience of mobile banking with traditional services, such as savings accounts, personal loans, and mortgages, making it a strong choice for customers seeking a complete banking solution.
Both platforms offer virtual and physical debit cards, mobile payments, and budgeting tools. However, Revolut emphasizes global functionality and advanced features like cryptocurrency trading and travel insurance, while Hello bank! distinguishes itself by integrating traditional banking products into its digital offerings.
The pricing models of the two banks also differ. Revolut offers a free basic account but charges for premium services, including unlimited foreign exchange and additional perks. Hello bank! operates on a more traditional model, generating revenue through interest on loans and mortgages, as well as fees for certain transactions.
Revolut and Hello bank! cater to distinct customer segments. Revolut is ideal for individuals who prioritize international banking tools and cutting-edge features, whereas Hello bank! is better suited for residents of its core European markets who value a full spectrum of banking services accessible via a mobile app. The choice between the two depends on whether the user’s needs are more global or locally oriented.
Founded: 2015
Headquarters: London, UK
Users: +45 million
Countries available: 35
Account plans: 5 plan options
Go to Revolut
Founded: 2013
Headquarters: Paris, France
Users: +3.9 million
Countries available: 6
Account plans: 2 plan options
Go to Hello bank!
Other comparisons about Revolut and Hello bank!
Why use a digital bank?
Affordable fees and attractive pricing
With their digital-first approach and reduced operating costs, neobanks often offer highly competitive fees compared to traditional banks. Many neobanks minimize or eliminate fees for services like account maintenance and transactions, and some even provide enhanced interest rates on savings and loans. This cost-efficiency appeals to individuals and businesses focused on maximizing financial value without the typical expenses of traditional banking.
Quick account setup and hassle-free onboarding
Opening an account with a traditional bank is often a slow, paperwork-heavy process. Neobanks streamline this experience by using technology to offer a quick, fully online onboarding. Some even provide instant approval, allowing users to start banking within minutes. This efficiency and ease make neobanks an attractive option for people who want fast, paperless access to financial services.
Intuitive design for easy navigation
Neobanks offer highly accessible, user-friendly mobile apps designed for a smooth, modern banking experience. Unlike traditional banks, which rely on complex processes and paperwork, neobanks provide a streamlined interface where users can manage finances, track transactions in real-time, and set up alerts with ease. This straightforward, app-based experience appeals to tech-savvy users and businesses alike, offering a practical solution for efficient financial management.
Advanced budgeting and financial tracking tools
Neobanks often come equipped with advanced financial tools built right into their apps, giving users insights into spending patterns, budgeting help, and real-time transaction categorization. For businesses, this translates into improved financial control and clear visibility over cash flow. With features like expense tracking and financial analysis, neobanks empower individuals and businesses to make informed, data-driven financial decisions, setting them apart with their strong focus on financial management.
Responsive support and community involvement
Neobanks focus on customer satisfaction with quick, accessible support through multiple channels like in-app chat, email, and even social media. Traditional banks can sometimes have slower, more bureaucratic service, but neobanks use technology to deliver faster, more tailored responses. Many also build a sense of community through online forums and events where users can exchange tips and insights, fostering a collaborative approach to banking.