Neobanks and money apps aren’t quite like traditional banks, so while the rates and features of offer from a neobank’s bank accounts, savings accounts and home loans are important, neobanks and money apps really are all about innovative features and technology.
That’s why the Mozo neobank and money app comparison table below can help you to compare standout features like the latest payment options, money management tools and handy travel benefits all in one place.
Found a neobank or money app that ticks all the boxes? Because neobanks and money apps are 100% digital, signing up is as simple as downloading the app. No matter what smartphone platform you use, taking the next step and signing up through Mozo is easy.
Australia’s first SME-focussed challenger bank offering business loans as well as personal term deposits.
Earn up to 2.35% p.a for a 5 year term. Minimum $1000 deposit. 0.10% loyalty bonus on top of standard rate if you reinvest. Deposits up to $250,000 covered under govt financial claims scheme. 3 months to 5 year terms available.
Judo provides business lending solutions for small to medium-sized businesses. Borrow from $250,000. Equipment loans, finance lease, business and line of credit loans.
As a Judo Bank customer you’ll get your own dedicated business banker who gets to know you and the funding needs of your business.
Built to be fast and nimble, Judo Bank is Australia’s first SME-focussed challenger bank. Founded in 2016 and headquartered in Melbourne, it now employs over 140 people.
To learn more, read our comprehensive Judo Bank review.
100% independent, digital neobank designed for Australians.
Designed from the ground up for mobile, Xinja is going head to head with Australia’s traditional banks. It has obtained a full Australian banking licence and offers bank and savings accounts via the Xinja app with home loans and personal loans set to launch in the near future.
Earn a juicy 2.25% interest on balances up to $245K in the Xinja Stash account, which is linked to your Xinja Bank Account. No minimum deposits, intro periods or minimum payments. 100% fee free, instant sign up via Mobile app.
Xinja is promising travel-friendly products with no international ATM, card or currency conversion fees. Plus, instant account freeze if you lose your card.
Based in Sydney, Xinja’s mission is to build a bank with its customers, designed in their interests, that helps them make better money decisions without the angst.
To learn more read our comprehensive Xinja review.
A bank with great rates and no monthly fees. Real time personalised insights to help you spend less and save more.
Earn up to 2.25% interest when you deposit $1,000 per month into any of your 86 400 accounts. No monthly fees. Free cash withdrawals from over 10,000 Australian Bank ATMs. Deposits up to $250,000 covered by Australian Government financial claims scheme.
86 400 have combined convenience and competitive rates to create their brand new home loans. Digital applications, faster approvals and broker assistance are just some of the features making 86 400's home loans innovative.
The 86 400 app gives you visibility across all your accounts, from multiple providers, to help you manage your money and make smarter decisions. Automatic predictions of upcoming payments also keep you a step ahead.
86 400 might seem like a strange name for a bank, but it is all about giving Australians easy access to their money and real time information about their finances - every second of the day. Backed by Cuscal, one of Australia’s largest payment solution providers and based in Sydney, 86 400 has a full banking licence from financial regulator APRA.
To learn more, read our comprehensive 86 400 review.
Organise your money effortlessly. Earn interest on your savings. Sign up in under 3 minutes.
No monthly fees and earn up to 2.25% interest when you make 5 card purchases per calendar month. Savings round-up functionality to help you save for your goals. Plus voice banking with Siri to check balances or transfer funds.
Automatically receive a $5 bonus into your new Up account when you use the special code MOZO5 at sign up.
Built-in budgeting including: weekly spending notifications, time and location stamps so that you can track where and when you spend your money, optional account balance notifications with each transaction.
Up cards work around the world, pay no international purchase fees or overseas ATM withdrawal fees, get great exchange rates and instant purchase notifications in AUD.
Founded in 2017, Up now has over 100,000 Australian customers. Up is backed by Bendigo and Adelaide Bank in banking, and Mastercard in payments. Deposits provided through the Up apps are protected by the Financial Claims Scheme, up to $250,000 per person.
To learn more read our comprehensive Up Bank review.
A digital only bank designed to help people save money. Planned Summer 2019/2020 launch. Sign up now for early access.
First neobank granted a full licence to operate as an Authorised Deposit-Taking Institution in January 2019. Volt is likely to offer Australian consumers bank and savings accounts soon, as well as credit options like personal loans and home loans down the track.
From personalised insights, fast and speedy application and approvals to full transparency on fees and charges, Volt promises to be a bank that works for you.
With a no strings attached savings rate of 2.15% and some handy savings prompts, the Volt Save account could help you grow your savings stash without the hassle.
Established in 2017, Volt Bank is part of the technology-led banking revolution sweeping Australia’s shores. The first bank granted a full ADI licence, Volt is not only determined to change the way we use banking technology, but how banks actually operate from protecting your data, money, and making honest recommendations.
To learn more read our comprehensive Volt review.
100% mobile, no fees and money management and insights at your fingertips. What banking should be in 2020.
Be one of the first 10,000 users to sign up and you’ll lock in exclusive benefits for the life of your account. Perks include early access to new features and updates, a limited issue Hay Card and much more.
No foreign exchange fees, no international transaction fees and up to $500 fee free international ATM withdrawals per month. Hay’s app unique travel mode automatically detects when you head overseas and gives you crystal clear insights of how your account balance is tracking in local currencies.
From real time spending notifications to monthly summaries that show you how much you’ve spent, where and what on, Hay’s simple interface turns your day-to-day spending into useful visualised insights that help you to stay in control of your money.
Founded in 2018, Hay is a Sydney-based fintech on the verge of getting its Restricted Authorised Deposit-taking Institution (RADI) Licence which would put it on the path to becoming a fully-fledged Australian bank. Hay is currently offering a prepaid card and linked account, both of which can be accessed through the Hay app.
To learn more, read our comprehensive Hay review.
Mobile based account and card offering global spending and money transfers with no fees. Account fees up to $10.99 per month.
The Revolut card is accepted globally wherever Visa is. Get the real interbank exchange rate on transactions, saving you money. The number of free ATM withdrawals and fee-free currency exchange depends on the pricing plan you choose.
Revolut’s app includes a built-in budgeting tool so you can track your spending or set up limits for things like grocery spending or nights out! Instant spending notifications also help you to keep track of your spending.
Revolut’s round-up feature siphons off your spare change to help you save for your goals. Full flexibility and control means you can choose to round up every transaction, set up a recurring payment or simply make one-off contributions.
Revolut launched in 2015 in Europe and recently launched its Australian office, which is headquartered in Melbourne. It has already attracted 5 million customers, over 30 European markets and currently has over 20,000 Australians on its waitlist.
To learn more read our comprehensive Revolut review.
A smart bank account helping you be financially healthy. Sign up now for early access.
Whether its paying bills or travelling across the globe, Douugh helps you to manage payments, get visibility of where and how much you’re spending. The Douugh Mastercard debit can be used around the world and is Apple Pay enabled.
From spending insights to automated savings jars to help you reach your money goals, Douugh’s money assistant, Sophie, will make it easy for you to track and take the stress out of managing your money.
Set spending targets per category. Get real time alerts to help you stay focussed on your goals.
Douugh’s mission is to create a financially healthier world. It was founded in 2016, by the co-founder of Australia’s first peer-to-peer lender, Society One.
To learn more, read our comprehensive Douugh review.
Travel the globe with a Pelikin prepaid card. Track your spending via the smart money app. Sign up in as little as 3 minutes.
Use the Pelikin card in over 200 countries around the world, hold up to 5 currencies, no overseas ATM fees when you withdraw over $200 AUD. No minimum load amounts or load fees. Global in-app chat support.
The Pelikin app tracks your spending in all currencies. Get instant spend notifications so that you can keep track of your account balance.
Split bill function and in-app instant transfers to pay friends and/or receive payments on the spot. Freeze and unfreeze your card if you lose it or find it again.
Pelikin is an app-based fintech from Melbourne with a goal of changing the way that Australian travellers manage their money while overseas. The Pelikin travel card is issued by Heritage Bank.
To learn more, read our comprehensive Pelikin review.
App and prepaid card tailored for student spending and saving across campus.
The QPay prepaid Mastercard can be used wherever Mastercard is accepted. Pay no account fees. Tap and go with purchases under $100.
With each tap or swipe you’ll get cash back rewards. Plus, weekly discounts and offers from QPay partners means you’ve always got an opportunity to save.
Stay on top of your spending and account balance with instant spending alerts.
QPay started out as a student payment app for students that helped them buy merchandise, event tickets and club memberships, and now has its sights set on becoming a banking alternative for millennials.