News about Neo Banks ๐Ÿ—ž๏ธ

oho
the link is simply fold.money

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What neobanks yโ€™all use?

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Jupiter and Fi in India. Starling and Monzo in the U.K.

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Soโ€ฆdo the uk ones work in indiaโ€ฆvice a versaโ€ฆ

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@Krishnendu_Chowdhury aint openingโ€ฆkenoโ€ฆ

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They will not get license from reserve bank๐Ÿ˜‚ as per rbi guidelines banks cant be 100% Digital and main part bank should have branch in india!

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They work as any foreign bank would. My money is in GBP and I get charged as per the Mastercard conversion rates. But to open an account with U.K. neo banks you need an address there, phone number and same for India.

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I signed up for both Fi and Jupiter. Been 3 days so far, and Iโ€™m eager to see who ships the first debit card!
Fi hasnโ€™t updated their debit card progress page yet, but Jupiter did give me a tentative date (thanks team!). Like the latter for the confidence.

For those whoโ€™ve tried both bank apps,
What has your experience been like?

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jupiter has better is delivery although fi came with cookies

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It appears theyโ€™ve found their niche! Kudos to Niyo.

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Iโ€™m very curious about this. The idea is solid- banking for couples. Scratches my itch to add my spouse to my account, maybe set up a joint account or something similar.

We need additional accounts. If not, thatโ€™s traditional speak. Jupiter is a neobank. Hopefully weโ€™ll get there soon!

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any link to the actual coupl site ?

@Krishnendu_Chowdhury

https://coupl.club/

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Keralaโ€™s first neo bank

https://aceneobank.com/

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Looks pretty generic, but i sure m interested in their pause transactions feature. How on earth would you do that? Transactions have OTPs and timers online for a reason. :face_with_monocle:

Doorstep ATM is quite interesting too. The question again, is HOW.

Good find, Carolin.

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โ€œGrowโ€ 100% per annum.
Iโ€™m curious why they donโ€™t specify the growth of the exact component. Interest? Deposit? Looks barebones to me.

Hereโ€™s my first addition to the list:

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