• Opinion

Top 5 Mobile Banking Apps in the World – updated March 2024

In the rapidly evolving world of finance, mobile banking apps have emerged as indispensable tools for easily managing personal finances. These digital gateways to financial services offer a range of features for the diverse needs of modern users.

Dorota Jasińska

Content Specialist

Andrzej Puczyk

Head of Delivery
Reading time 3 minutes

The evolution of mobile banking apps in the last few years has been marked by significant advancements in technology, user experience, and the range of services offered. In the past, mobile banking was primarily focused on basic transactions and account monitoring. However, the landscape has visibly changed. Mobile banking apps have seen a substantial increase globally since 2019.

New features in mobile banking

Mobile banking apps have introduced several new features and functions to meet the evolving needs of users. These include:

Cost Counters & Cashback Services

To help users manage their finances better and encourage the use of banking apps for payments, aligning with the trend of rapidly growing mobile e-commerce.

Peer-to-peer transfers

Simplifying money transfers using just phone numbers or codes makes the process more straightforward and appealing​​.

Bill splitting

A feature that gained popularity, facilitating easy splitting of bills and account management in a mobile-first world​​.

Chatbots and voice menus

Customer support is available any time of the day without the need to visit a bank physically, enhancing user convenience significantly​​.

User notifications

Keeping users informed about transactions, account updates, and security concerns promptly through push notifications​​.

Financial planning, support, and investment tips

Utilizing customer data to offer personalized financial advice while ensuring data security and privacy​​.

Top mobile banking apps

The recent mobile banking trends show a commitment to growth and development, with an increasing number of mobile device users expected to switch to mobile banking. Leading banks and payment apps, including Citibank, Wells Fargo, Ally Bank, and Capital One, have been at the forefront of these innovations, with PayPal being the most used mobile payment app.

Based on the latest rankings and reviews, the best mobile banking apps for 2024 offer a wide array of features catering to various customer needs, from fee-free accounts to advanced security measures and innovative financial management tools.


Chime stands out for its user-friendly features, like automatic savings options and fee-free transactions at a vast network of ATMs. It’s noted for its emphasis on helping users save more efficiently through automatic round-ups and direct deposit advances​​.

CIT Bank

CIT Bank is praised for its mostly fee-free banking experience, 24/7 access, and a variety of savings options, including high-yield savings accounts and CDs. It’s particularly attractive for those looking for a blend of traditional and online banking features with competitive interest rates​​.

Ally Bank

Ally Bank offers a comprehensive online banking experience with no minimum deposit checking accounts, the innovative “buckets” feature for organizing savings, and various savings boosters to help users grow their funds faster. It’s well-regarded for its customer-friendly approach and wide range of financial products​​.

Varo Bank

Varo Bank is highlighted for its fee-free account offerings, high interest rates, and a sizable network of fee-free ATMs. It’s unique in that it’s an online-only bank that has obtained its own national banking charter, allowing for a more integrated and independent banking service​​.

Wells Fargo

Wells Fargo is appreciated for its wide selection of banking products and services, alongside a highly functional app that includes customizable alerts and robust account management features.

These apps have been recognized for their excellence in providing secure, convenient, and innovative banking solutions that cater to the evolving needs of modern consumers.

Related articles:

  1. How we managed to build a mobile banking app from scratch in a year.
  2. Neontri co-created the world’s best mobile banking app.
  3. Why are mobile apps better than websites?
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