Suits Me
GoHenry
How do Suits Me and GoHenry compare?
Suits Me and GoHenry are two mobile banking platforms that cater to distinct client needs, each offering unique features and services.
Suits Me is an inclusive banking solution designed for temporary workers, freelancers, shift workers, and international staff who often face difficulties opening traditional bank accounts. It provides users with immediate access to online banking, a mobile app, a contactless Visa debit card, a personal IBAN, and UK sort codes. The platform enables real-time money management, digital payments, automated bill payments, expense tracking, and convenient saving. Suits Me also offers cashback rewards at major UK retailers, helping users maximize savings. With no credit checks and multilingual customer support, it is a practical choice for diverse demographics.
GoHenry, in contrast, is a pocket money management tool tailored for families, focusing on educating children and teens about financial responsibility. It offers customizable prepaid Visa debit cards for kids aged six and above, along with parental controls to oversee their spending, saving, and earning habits. Parents can set weekly spending limits, automate pocket money, block and unblock cards, and receive real-time spending notifications. GoHenry includes features like “tasks,” which encourage children to earn money by completing chores, and “savings goals,” which promote good saving habits. Importantly, GoHenry eliminates overdrafts and debt risks, ensuring a safe learning environment for young users.
While both platforms emphasize the convenience of digital banking, their purposes differ significantly. Suits Me serves adults seeking accessible banking solutions with features to manage income and spending flexibly. On the other hand, GoHenry focuses on fostering financial literacy and responsible habits among children and teens, making it an excellent choice for families.
Founded: 2015
Headquarters: Knutsford, UK
Users: +100,000 thousand
Countries available: United Kingdom
Account plans: 3 plan options
Founded: 2012
Headquarters: London, UK
Users: +1 million
Countries available: United States and UK
Account plans: 3 plan options
Other comparisons about Suits Me and GoHenry
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
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.