5 Things to Ask Before Opening an Account at a Neobank

kAm}6@32?<D 2C6 7:?2?4:2= E649 4@>A2?:6D E92E FDF2==J A2CE?6C H:E9 32?<D E@ @776C 5:8:E2=\@?=J 244@F?ED] %96J’G6 366? 2C@F?5 7@C 2 =:EE=6 @G6C 2 564256 @?=J[ 3FE E96J’C6 82:?:?8 EC24E:@?]k^Am

kAmp3@FE ` :? b p>6C:42?D 92D 2 C6=2E:@?D9:A H:E9 2 ?6@32?<[ 244@C5:?8 E@ 2 a_aa 2??F2= C6A@CE 3J E96 32?<:?8 25G:D@CJ 7:C> y2G6=:? $EC2E68J U2>Aj #6D62C49] w@H6G6C[ @?=J aeT @7 ?6@32?< FD6CD @A6? 2? 244@F?E E@ C6A=246 E96:C AC:>2CJ 32?<[ 2?5 h_T @7 E92E D2>6 8C@FA FD6 @?6 @7 E96 a_ 3:886DE 32?<D 2D E96:C AC:>2CJ 32?<[ 244@C5:?8 E@ D6?:@C 2?2=JDE sJ=2? {6C?6C]k^Am

kAmx7 J@F’C6 4@?D:56C:?8 2 ?6@32?< 2D 2 AC:>2CJ @C 255:E:@?2= A=246 E@ >2?286 J@FC >@?6J[ =62C? 23@FE :ED =:>:ED 2?5 C:D<D 367@C692?5 2?5 2?DH6C E96D6 7:G6 BF6DE:@?D]k^Am

k9am`] s@ J@F >:?5 :7 :E’D ?@E 2 32?<nk^9am

kAm}6@32?<D[ 3J 2?5 =2C86[ 2C6 ?@E 32?<D E96>D6=G6D] p?5 E96J 5@?’E ?665 E@ 36 E@ AC@E64E J@FC >@?6J] |@DE ?6@32?<D A2CE?6C H:E9 =:46?D65 32?<D E@ @776C 56A@D:E 244@F?ED :?DFC65 E9C@F89 E96 u656C2= s6A@D:E x?DFC2?46 r@CA] usxr :?DFC2?46 8F2C2?E66D E92E J@F C646:G6 J@FC >@?6J 324< — FA E@ Sad_[___ — :7 E96 32?< @C 4@>A2?J 8@6D 32?<CFAE]k^Am

kAm|2?J ?6@32?<D 2=D@ @776C 563:E 42C5D E92E 36=@?8 E@ E96 ':D2 @C |2DE6C42C5 A2J>6?E ?6EH@C<] q@E9 92G6 C@3FDE AC@E64E:@?D :? 42D6 D@>6@?6 >2<6D 2? F?2FE9@C:K65 492C86 @? 2 42C5]k^Am

kAm%:Ai s@F3=6\4964< E96 ?6@32?<’D A2CE?6C 32?<] p ?6@32?< 5:D4=@D6D E9:D @? :ED H63D:E6 @C >@3:=6 2AA] %96?[ G6C:7J E92E E96 32?< :D C62= 3J FD:?8 E96 usxr’D k2 9C67lQ9EEADi^^32?<D]52E2]75:4]8@G^32?<7:?5\DF:E6^32?<7:?5Q E2C86ElQ03=2?<Q C6=lQ?@7@==@H ?@@A6?6CQmq2?<u:?5 E@@=k^2m] x? C2C6 42D6D[ 2 ?6@32?< :D 2 =:46?D65 32?< — DF49 2D '2C@ q2?< 2?5 vC66? s@E’D v~a32?< — E9@F89 E96:C >@3:=6\7@4FD65 244@F?E @776C:?8D 2C6 >@C6 =:<6 E9@D6 @7 @E96C ?6@32?<D E92? EC25:E:@?2= 32?<D]k^Am

k9ama] r2? J@F >@DE=J 32?< @? 2 >@3:=6 2AAnk^9am

kAmp >@3:=6 2AA :D E96 4@C6 @7 2 ?6@32?<’D 6IA6C:6?46[ H96C6 J@F’5 >2<6 EC2?D76CD[ A2J 3:==D[ G:6H EC2?D24E:@?D[ C646:G6 5:C64E 56A@D:ED 2?5 >@C6] p ?6@32?< H:E9 2 4964<:?8 244@F?E @C E96 6BF:G2=6?E FDF2==J >2:=D 2 563:E 42C5[ 3FE 36:?8 3C2?49=6DD >62?D E92E 42D9 2?5 4964< D6CG:46D 2C6 =:>:E65 @C ?@E 2G2:=23=6]k^Am

kAmx? @776C:?8 2? “62DJ[ 277@C523=6” 32?<:?8 6IA6C:6?46[ “J@F 2=D@ 92G6 E@ 6IA64E E92E 4@>6D H:E9 D@>6 D24C:7:46D ,:?. 7F?4E:@?2=:EJ[Q {6C?6C D2JD] }6@32?<D FDF2==J =24< D@>6 EC25:E:@?2= 32?< D6CG:46D[ DF49 2D H:C6 EC2?D76CD[ 42D9:6C’D 4964<D 2?5 ;@:?E 244@F?ED]k^Am

kAmp ?6@32?< H@?’E @776C A9JD:42= 4964<3@@<D 3FE >:89E 56=:G6C 4964<D] w@H6G6C[ ?6@32?<D’ >@3:=6 4964< 56A@D:E D6CG:46D[ :7 2G2:=23=6[ >:89E ?@E 2446AE 4964<D 23@G6 46CE2:? 5@==2C 2>@F?ED] $@>6 AC@G:56CD H:== =6E J@F 255 42D9 E@ 2? 244@F?E 2E G2C:@FD C6E2:=6CD DF49 2D r'$ 2?5 (2=8C66?D[ 3FE 7@C 2 766] p?5 2=E9@F89 >2?J ?6@32?<D @776C 7C66 2446DD E@ 2 E9:C5\A2CEJ p%| ?6EH@C< 7@C 42D9 H:E95C2H2=D[ E9@D6 p%|D 42? 36 92C5 E@ DA@E D:?46 E96J 5@?’E 92G6 2 ?6@32?<’D 3C2?5:?8]k^Am

kAm%:Ai $66 9@H 2 ?6@32?< 92?5=6D 42D9[ 4964<D @C @E96C D6CG:46D J@F >2J ?665 3J 4964<:?8 :ED up"D @C 4@?E24E:?8 4FDE@>6C DFAA@CE]k^Am

k9amb] (92E 4FDE@>6C DFAA@CE 492??6=D 5@6D :E 92G6nk^9am

kAmp ?6@32?< >2J @776C 96=A E9C@F89 2 A9@?6 =:?6 @C =:G6 492E D6CG:46[ 2?5 :7 D@[ 4964< E96 9@FCD 2?5 52JD @7 @A6C2E:@?] u@C ?@?FC86?E BF6DE:@?D[ ECJ D62C49:?8 2 ?6@32?<’D up"D @C 6>2:=:?8]k^Am

kAm~?6 @7 E96 3:886DE ;F>AD 7C@> 2 EC25:E:@?2= 32?< E@ 2 ?6@32?< :D E96 =24< @7 3C2?496D] p3@FE gbT @7 &]$] 9@FD69@=5D DA@<6 E@ 2 32?< E6==6C @C @E96C DE277 2E 2 3C2?49 H:E9:? 2 J62C[ 244@C5:?8 E@ 2 a_`h usxr DFCG6J] %96 A2?56>:4 2446=6C2E65 2 EC6?5 E@H2C5 >@C6 A6@A=6 FD:?8 5:8:E2= 32?<:?8[ 3FE 2 3C2?49 42? 8:G6 2 A6CD@?2= E@F49 H96? 2 4@>A=:42E65 :DDF6 2C:D6D]k^Am

kAm%:Ai r964< %H:EE6C 2D 2?@E96C A=246 H96C6 4@>A2?:6D >2J C6DA@?5 E@ 4FDE@>6CD]k^Am

k9amc] w@H H@F=5 E9:D ?6@32?< :>AC@G6 J@FC 32?<:?8nk^9am

kAmpD E649 4@>A2?:6D[ ?6@32?<D H2?E E@ AC@G:56 2 36EE6C 6IA6C:6?46 7@C 2? 6I:DE:?8 AC@5F4E — 32?< 244@F?ED[ :? E9:D 42D6] $@>6 ?6@32?<D >2J 92G6 2 46?EC2= >:DD:@? E92E 2AA62=D E@ 2 DA64:7:4 4@>>F?:EJ[ DF49 2D q=24< p>6C:42?D @C A6@A=6 H:E9 5:D23:=:E:6D] p?5 >@DE ?6@32?<D 3F:=5 @FE 762EFC6D EC25:E:@?2= 32?<D 5@?’E ?@C>2==J 92G6]k^Am

kAmQ,%96. 7:?E649 DA246 H:E9 :ED 23:=:EJ E@ 36 >@C6 :??@G2E:G6 2?5 ?:>3=6 92D 7@F?5 D@>6 ?:496D :? E96 EJA6D @7 4@?DF>6C ?665D” E92E 3:886C :?DE:EFE:@?D 5@?’E 255C6DD[ D2JD |2C:D2 (2=DE6C[ G:46 AC6D:56?E @7 7:?2?4:2= D6CG:46D D@=FE:@?D 2E E96 u:?2?4:2= w62=E9 }6EH@C<]k^Am

kAm}6@32?<D DF49 2D r9:>6 2?5 '2C@ 92G6 FA E@ EH@\52J 62C=J 5:C64E 56A@D:E[ H9:49 42? 62D6 H@CC:6D 23@FE 42D9 7=@H 7@C D@>6 A6@A=6] p?5 >2?J 5@?’E 492C86 @G6C5C27E 766D :7 32=2?46D 8@ ?682E:G6] q:8 32?<D 92G6 368F? 5C@AA:?8 DF49 766D[ 2?5 2E =62DE @?6 DE2CE65 @776C:?8 62C=J 5:C64E 56A@D:E[ J62CD 27E6C ?6@32?<D 925 E96>]k^Am

kAmqFE ?6@32?<D FDF2==J 5@?’E @776C 2== E96 EJA6D @7 =@2?D @C 244@F?ED 2 32?< 5@6D[ 2?5 E96 4@>A2?:6D >2J 492?86 @G6C E:>6] u66D 42? 86E 25565[ 2?5 D@>6 ?6@32?<D 6G6? 4=@D6] u@C 6I2>A=6[ E96 v6C>2?\32D65 ?6@32?< }ae D9FE 5@H? :ED &]$] @A6C2E:@?D 27E6C EH@ J62CD]k^Am

kAm%:Ai r@?D:56C 86?6C2= AC@D 2?5 4@?D @7 ?6@32?<D 4@>A2C65 H:E9 EC25:E:@?2= 32?<D] {62C? >@C6 23@FE 9@H E@ k2 9C67lQ9EEADi^^HHH]?6C5H2==6E]4@>^2CE:4=6^32?<:?8^9@H\E@\49@@D6\2\32?<nFE>042>A2:8?l4E0AC@5U2>AjFE>04@?E6?El``dhhceU2>AjFE>0>65:F>lCDDU2>AjFE>0D@FC46lDJ?5:42E:@?U2>AjFE>0E6C>l=66\32?<:?8Q E2C86ElQ0D6=7Q C6=lQ?@7@==@H ?@@A6?6CQm49@@D6 H96C6 E@ 32?<k^2m]k^Am

k9amd] (92E 5@ 4FDE@>6CD D2J 23@FE E96 ?6@32?<nk^9am

kAm{@@< 7@C A2EE6C?D 23@FE E96 8@@5 2?5 E96 325 :? FD6C C6G:6HD] r964< E96 2G6C286 C2E:?8D @7 E96 >@3:=6 2AAD :? E96 :~$ @C p?5C@:5 DE@C6 2D H6== 2D G2C:@FD C6G:6H H63D:E6D] pC6 E96C6 56=2JD E@ 86E 2 9@=5 @7 D@>6@?6n s@6D E96 2AA 92G6 8=:E496Dn %2<6 :? C646?E C6G:6HD 2D 96=A7F= 52E2 A@:?ED H:E9:? C62D@? D:?46 J@F 5@?’E <?@H 9@H 4@>>@? D@>6 D46?2C:@D >:89E 36]k^Am

kAm“#6D62C49 :?E@ 4@>A=2:?ED E@ D66 :7 @E96C 4@?DF>6CD 92G6 925 … AC@3=6>D 2?5 9@H E9@D6 H6C6 C6D@=G65[” D2JD |2C:D236= %@CC6D[ 5:C64E@C @7 r2=:7@C?:2 A@=:4J 2E E96 r6?E6C 7@C #6DA@?D:3=6 {6?5:?8] p 96=A7F= C6D@FC46 >:89E 36 E96 r@?DF>6C u:?2?4:2= !C@E64E:@? qFC62F’D k2 9C67lQ9EEADi^^HHH]4@?DF>6C7:?2?46]8@G^52E2\C6D62C49^4@?DF>6C\4@>A=2:?ED^Q E2C86ElQ03=2?<Q C6=lQ?@7@==@H ?@@A6?6CQm4@>A=2:?E 52E232D6k^2m 7@C E96 >@DE A@AF=2C ?6@32?<D @C A2C6?E 4@>A2?:6D]k^Am

kAm%:Ai q6 @? E96 =@@<@FE 7@C 9@H 2 ?6@32?< C6D@=G6D 7C2F5 4=2:>D] w2G:?8 62DJ D:8?\FA AC@46DD6D 42? C6DF=E :? 62D:6C :56?E:EJ E967E 2EE6>AED[ 244@C5:?8 E@ 2 a_`h C6A@CE 3J E96 }2E:@?2= r@?DF>6C {2H r6?E6C] p?5 F=E:>2E6=J[ <?@H H92E E@ 5@ :7 2 k2 9C67lQ9EEADi^^HHH]?6C5H2==6E]4@>^2CE:4=6^32?<:?8^?6@32?<\49:>6\244@F?E\4=@DFC6DnFE>042>A2:8?l4E0AC@5U2>AjFE>04@?E6?El``dhhceU2>AjFE>0>65:F>lCDDU2>AjFE>0D@FC46lDJ?5:42E:@?U2>AjFE>0E6C>l=66\32?<:?8Q E2C86ElQ0D6=7Q C6=lQ?@7@==@H ?@@A6?6CQm?6@32?< 4=@D6D J@FC 244@F?Ek^2m] }6@32?<D 92G6 AC@>:D6 :? >2<:?8 5:8:E2= 32?<:?8 62D:6C[ 3FE E96J 42?’E @776C 6G6CJE9:?8]k^Am

k9C 52E2\4FCC6?4JlQs:G:56CQ ^m

kAmkDEC@?8ms:D4=2:>6CD 7C@> r9:>6ik^DEC@?8mk^Am

kAmr9:>6 D2JDi r9:>6 :D 2 7:?2?4:2= E649?@=@8J 4@>A2?J[ ?@E 2 32?<] q2?<:?8 D6CG:46D AC@G:565 3J[ 2?5 563:E 42C5 :DDF65 3J[ %96 q2?4@CA q2?< @C $EC:56 q2?<[ }]p]j |6>36CD usxr] r2D9 H:E95C2H2= 2?5 E9:C5\A2CEJ 766D >2J 2AA=J] t2C=J p446DD E@ 5:C64E 56A@D:E 7F?5D 56A6?5D @? A2J6C]k^Am

k5:G 4=2DDlQ?H\>@C6\7C@>\?6C5H2==6EQ 52E2\?H\4@>A@?6?E\EJA6\?2>6lQ|@C6 uC@> }6C5(2==6EQ 52E2\?H\4@>A@?6?E\EJA6\D=F8lQ?H0>@C607C@>0?6C5H2==6EQmkAmkDEC@?8m|@C6 uC@> }6C5(2==6Ek^DEC@?8mk^AmkF=mk=:mk2 9C67lQ9EEADi^^HHH]?6C5H2==6E]4@>^2CE:4=6^32?<:?8^D2G:?8D^d\<6J\?F>36CD\E@\<?@H\23@FE\D2G:?8D\244@F?EDnFE>042>A2:8?l4E0AC@5U2>AjFE>0D@FC46lDJ?5:42E:@?U2>AjFE>0>65:F>lCDDU2>AjFE>0E6C>l=66\32?<:?8U2>AjFE>04@?E6?El``dhhceQ E:E=6lQd z6J }F>36CD E@ z?@H p3@FE $2G:?8D p44@F?EDQ E2C86ElQ0D6=7Q 4=2DDlQ?H\=:?<Q C6=lQ?@7@==@H ?@@A6?6CQ 52E2\?H\4@>A@?6?E\EJA6\?2>6lQ{:?<Q 52E2\?H\4@>A@?6?E\EJA6\D=F8lQ?H0=:?<Q 52E2\?H\EC24<\4=:4<lQ`Q 52E2\?H\EC24<\:>AC6DD:@?lQ`Qmd z6J }F>36CD E@ z?@H p3@FE $2G:?8D p44@F?EDk^2mk^=:mk=:mk2 9C67lQ9EEADi^^HHH]?6C5H2==6E]4@>^2CE:4=6^32?<:?8^H92E\E96\765\C2E6\:?4C62D6\>62?D\7@C\D2G:?8D\244@F?EDnFE>042>A2:8?l4E0AC@5U2>AjFE>0D@FC46lDJ?5:42E:@?U2>AjFE>0>65:F>lCDDU2>AjFE>0E6C>l=66\32?<:?8U2>AjFE>04@?E6?El``dhhceQ E:E=6lQ(92E E96 u65 #2E6 x?4C62D6 |62?D 7@C $2G:?8D p44@F?EDQ E2C86ElQ0D6=7Q 4=2DDlQ?H\=:?<Q C6=lQ?@7@==@H ?@@A6?6CQ 52E2\?H\4@>A@?6?E\EJA6\?2>6lQ{:?<Q 52E2\?H\4@>A@?6?E\EJA6\D=F8lQ?H0=:?<Q 52E2\?H\EC24<\4=:4<lQ`Q 52E2\?H\EC24<\:>AC6DD:@?lQ`Qm(92E E96 u65 #2E6 x?4C62D6 |62?D 7@C $2G:?8D p44@F?EDk^2mk^=:mk=:mk2 9C67lQ9EEADi^^HHH]?6C5H2==6E]4@>^2CE:4=6^32?<:?8^9@H\86?6C2E:@?\K\42?\;F>A\DE2CE\D2G:?8D\25G:46\2?J@?6\42?\FD6nFE>042>A2:8?l4E0AC@5U2>AjFE>0D@FC46lDJ?5:42E:@?U2>AjFE>0>65:F>lCDDU2>AjFE>0E6C>l=66\32?<:?8U2>AjFE>04@?E6?El``dhhceQ E:E=6lQw@H v6?6C2E:@? + r2? yF>A\DE2CE $2G:?8D Wp5G:46 p?J@?6 r2? &D6XQ E2C86ElQ0D6=7Q 4=2DDlQ?H\=:?<Q C6=lQ?@7@==@H ?@@A6?6CQ 52E2\?H\4@>A@?6?E\EJA6\?2>6lQ{:?<Q 52E2\?H\4@>A@?6?E\EJA6\D=F8lQ?H0=:?<Q 52E2\?H\EC24<\4=:4<lQ`Q 52E2\?H\EC24<\:>AC6DD:@?lQ`Qmw@H v6?6C2E:@? + r2? yF>A\DE2CE $2G:?8D Wp5G:46 p?J@?6 r2? &D6Xk^2mk^=:mk^F=mk^5:Gm

k5:G 4=2DDlQ?H\2FE9@C\3@I\HAQ 52E2\?H\4@>A@?6?E\EJA6\?2>6lQpFE9@C q@I \ (!Q 52E2\?H\4@>A@?6?E\EJA6\D=F8lQ?H02FE9@C03@I0HAQmk5:G 4=2DDlQ?H\2FE9@C\3@I\HA\\:??6CQmk2D:56 :E6>AC@AlQ2FE9@CQ :E6>EJA6lQ9EEAi^^D496>2]@C8^!6CD@?Q 4=2DDlQ?H\2FE9@C\3@IQ 52E2\?H\4@>A@?6?E\EJA6\?2>6lQpFE9@C q@IQ 52E2\?H\4@>A@?6?E\EJA6\D=F8lQ?H02FE9@C03@IQmkAm$A6?46C %:6C?6J HC:E6D 7@C }6C5(2==6E] t>2:=i k2 9C67lQ>2:=E@iDA6?46C]E:6C?6Jo?6C5H2==6E]4@>QmDA6?46C]E:6C?6Jo?6C5H2==6E]4@>k^2m] %H:EE6Ci o$A6?46C}6C5]k^Amk^2D:56mk^5:Gmk^5:Gm

kA 4=2DDlQ?H\@C:8:?2==J\A@DE65\=:?<Qm%96 2CE:4=6 d %9:?8D E@ pD< q67@C6 ~A6?:?8 2? p44@F?E 2E 2 }6@32?< @C:8:?2==J 2AA62C65 @? }6C5(2==6E]k^Am