Within a few years, FinTech companies have dealt a significant blow to traditional banks. With the ability to open a bank account online, digital banks have found themselves in an advantageous position. But that’s not the only thing that makes them the future of banking.
Here are 6 reasons why digital banks are the future:
✔️Ease of use. You can download the app and apply for an account in seconds.
✔️Digital banks often don’t charge fees for simple banking transactions.
✔️Overhead costs. No physical branches means no overhead costs passed on to consumers.
✔️Digital banks offer a much wider range of financial products and services.
✔️You can communicate with other bank users in a fun way, through gifs, postcards and emojis.
Which side are you on: digital or traditional?
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