When deciding between Revolut and Knab, 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
Knab
How do Revolut and Knab compare?
Revolut and Knab are two mobile banks that offer digital financial services, but they differ significantly in terms of their focus, features, and target audiences.
Revolut is a global mobile bank that primarily targets users who need international banking services. It offers multi-currency accounts, free overseas ATM withdrawals, and cryptocurrency trading, making it ideal for frequent travelers and individuals who deal with multiple currencies. Revolut also provides budgeting tools and premium account options that come with additional benefits, such as unlimited foreign exchange and travel insurance.
Knab, on the other hand, is more focused on serving Dutch residents. It offers a wide range of local financial services, including savings accounts, insurance products, and mortgages, making it a better fit for individuals looking for comprehensive banking services within the Netherlands. While Knab also offers virtual and physical debit cards, mobile payments, and budgeting tools, its emphasis is on local services tailored to the Dutch market.
In terms of pricing, both Revolut and Knab offer free basic accounts. Revolut generates revenue through premium services such as foreign exchange, travel insurance, and higher-tier account features. Knab, in contrast, earns through traditional banking services, including interest on loans and mortgages, as well as fees on certain transactions.
In summary, Revolut is best suited for those who frequently travel internationally or require multi-currency accounts, while Knab is a better choice for Dutch residents seeking a comprehensive mobile banking solution with local financial products like savings, mortgages, and insurance.
Founded: 2015
Headquarters: London, UK
Users: +45 million
Countries available: 35
Account plans: 5 plan options
Go to Revolut
Founded: 2012
Headquarters: Amsterdam, Netherlands
Users: +250,000 thousand
Countries available: Netherlands
Account plans: 3 plan options
Go to Knab
Other comparisons about Revolut and Knab
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.