Mobile banking has changed the face of financial transactions around the world, and is continuing to evolve at an unprecedented rate.


At the heart of this revolution has been the ability of banks to provide simple user interfaces on hand-held devices that give customers quick, efficient, convenient and secure access to all their banking needs in a single application that goes with them wherever they may be.


The enormous range of choices that individual customers can get from competing banks has made them extraordinarily discerning. Even first-time users demand a range of functionality that they would not have expected from old-fashioned banks.


Regarding the degree of customers’ selectivity, European banks score better than their global rivals thanks to the advantages of being in the largest pool of users and service supplies with shared regulations, as well as a broader catalogue of easier-to-use and often customisable functionalities. European banks also offer a more comprehensive range of investment and banking services built-in to their apps.


Banks cannot just offer a digital banking experience. It needs to be seamlessly integrated with the entire customer experience and also be adaptable to customers’ individual preferences and needs. The pressure on banks to develop user-friendly and comprehensive mobile apps is intense, because the Open Banking wave gives customers easy access to a range of financial services via a single interface.


GBO has worked with both financial institutions and their customers in Europe for nearly fourteen years, providing advice and guidance for company setup, licensing and development in the banking, online gaming and cryptocurrency sectors.

Our team of highly skilled experts can respond to all of your needs quickly and with complete dedication and privacy. Contact us with any questions or requests.

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    How to choose the best banking apps in the world

    Rating mobile banking apps can be done on a few different scores. In one, the size of the bank can be used as a scale. Larger banks have the resources to develop the most comprehensive apps. On the other scale, the focus can be on functions that suit the customer’s specific needs.
    Mobile apps allow you to conduct all of the banking, borrowing and saving actions without visiting a bank branch. All activities are initiated on a mobile device and will enable the customer to view account balances, make payments, transfer funds and buy new financial services all in one interface.


    What to look for in basic features of banking apps

    The best banking apps in the world offer a combination of the following features as a minimum.

    • In many cases, these are enhanced with more specialised functions that can suit individual customers’ needs.
      Apple and Google Pay
    • Biometric (face and fingerprint) login or two-level authentication
    • Ability to freeze & unfreeze online transactions
    • View card pin
    • Quick balance view
    • Send money directly via the phone contacts
    • Allowing for push notifications on spending
    • Toggle contactless payments
    • Toggle online transactions
    • Toggle ATM withdrawals
    • Allow access to investment facilities
    • Allow for in-app rewards


    The following is a list of mobile banking apps ranked as being the best mobile banking apps for Android in 2022. In general, the same apps are also rated for iPhone devices, but there is some difference in their popularity – we show the relative popularity for the top 20.

    Best mobile banking apps for Android

    Ranking Name
    1 BankMobile App (= #2 in iPhone)
    2 Bank of America Mobile Banking (= #3 in iPhone)
    3 Chime – Mobile Banking (= #1 in iPhone)
    4 iMobile Pay by ICICI Bank (= #15 in iPhone)
    5 HDFC Bank MobileBanking (= #10 in iPhone)
    6 Kotak811-UPI, Payments & Loans (= #13 in iPhone)
    7 Axis Bank Mobile Banking (= #11 in iPhone)
    8 Capital One Mobile (= #4 in iPhone)
    9 IDBI Bank GO Mobile+
    10 PNC Mobile (= #7 in iPhone)
    11 PNB ONE
    12 BOI Mobile
    13 Yono Lite SBI
    14 FirstMobile (= #16 in iPhone)
    15 YES BANK
    16 Chase Mobile (= #5 in iPhone)
    17 Revolut
    18 UBA Mobile App (New)
    19 Zenith Bank Mobile App
    20 Discover Mobile (= #7 in iPhone)
    21 Net Banking App for All Banks
    22 LANDBANK Mobile Banking
    23 UnionBank Online
    24 N26 – The Mobile Bank
    25 IPPB Mobile Banking
    26 Credit One Bank Mobile
    27 Security Bank Mobile
    28 Varo Bank
    29 Metrobank Mobile Banking
    30 Monzo - Mobile Banking
    32 BPI Mobile
    33 GTBank
    34 Popular Bank Mobile
    35 Monese
    36 Wells Fargo Mobile (= #6 in iPhone)
    37 Citi U.S. Mobile App
    38 Sterling OneBank
    39 HB Padie by Heritage Bank
    40 GoBank - Mobile Banking
    41 UBA Mobile Banking
    42 HSBC Mobile Banking
    43 Access Bank Plc
    44 ONE Bank App
    45 UCPB Mobile Banking
    46 China Bank Mobile App
    47 BDO Digital Banking
    48 EastWest Mobile
    49 PSBank Mobile
    50 RCBC Digital

    The following is a list of the twenty best digital banking apps in iPhone that are not members of the above list:

    • U.S. Bank Mobile Banking (#9)
    • Aspiration Spend, Save & Invest (#12)
    • Mint (#17)
    • Schwab Mobile (#19)
    • U.S. Bank Relia Card (#20)



    What is the best free mobile banking app?

    Based on how well each app matches the clients of individual banks, the ten most highly rated apps are:

    • Alliant Credit Union
    • Bank of America
    • Chase
    • Chime
    • Discover
    • U.S. Bank
    • USAA
    • Varo Bank
    • Wells Fargo

    Can I do banking on my iPhone?

    There are many banking apps as well as the native Apple Bank Mobile Banking function. These let you pay bills, transfer funds, deposit checks, and other facilities that individual banking apps cater for.

    What is the difference between online banking and mobile banking?

    Online banking can be done on any device that has an internet connection (such as a desktop or laptop computer, smartphone or tablet) and a browser. It does not require a downloaded app. Mobile banking requires an app that has been installed on a portable device, such as a tablet or smartphone.

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