Details for Bilderlings neobank
UK bank app offering individuals and businesses current accounts, global transfers and payment cards.
Bilderlings is available in:
Australia, Austria, Belgium, Brazil, Bulgaria, Canada, China, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hong Kong, Hungary, Iceland, Italy, Japan, Kenya, Latvia, Lithuania, Luxembourg, Malta, Mexico, New Zealand, Norway, Philippines, Poland, Portugal, Romania, Singapore, Slovakia, Slovenia, South Africa, South Korea, Spain, Sweden, Switzerland, The Netherlands, United Kingdom, USA
Introduction - what is Bilderlings?
Bilderlings is an electronic money institution focused on banking services for individuals and businesses.
This neobank offers current accounts, international transfers, and payment cards to natural persons, and legal entities (international and EU). International transfers are processed in 19 currencies.
Bildgerlings provides an alternative to traditional banking by offering a range of features and services through its mobile app. The app is available on both Android and iOS platforms, and it allows users to open an account, deposit and withdraw money, transfer funds, pay bills, and other daily banking features.
The neobank was founded in 2019 by a group of fintech enthusiasts who wanted to offer a better banking experience to customers.
Bilderlings is a part of international group of companies Bilderlings Group operating in the UK, EU and Switzerland. Bildgerlings is regulated by the Financial Conduct Authority (FCA) of the UK.
Advantages of Bildgerlings
One of the main advantages of Bildgerlings is its ease of use. The app is designed to be user-friendly, and it offers a simple and intuitive interface that allows users to navigate through the different features and services easily. Additionally, the app is available in several languages, including English, German, Spanish, and Swedish, making it accessible to a wider audience.
Another advantage of Bildgerlings is its low fees. Unlike traditional banks that charge high fees for services like account maintenance, ATM withdrawals, and international transfers, Bildgerlings offers most of these services for free or at a significantly lower cost. For example, ATM withdrawals are free up to a certain limit, and international transfers cost a fraction of what traditional banks charge.
Bildgerlings also offers a range of additional features that can be beneficial to users. For example, users can set savings goals and track their progress through the app. They can also earn cashback on certain purchases, which can help them save money over time. Additionally, Bildgerlings offers a round-up feature, which rounds up purchases to the nearest whole number and deposits the difference into a savings account.
Disadvantages of Bildgerlings
While Bildgerlings offers several advantages, it's not without its disadvantages. One of the main concerns with Bildgerlings is its lack of physical branches. While this may not be an issue for users who are comfortable with digital banking, it may be a drawback for those who prefer face-to-face interactions and the security of physical branches.
Another disadvantage of Bildgerlings is its limited availability. While the app is available in several countries, it's not available worldwide. This means that some users may not be able to use the app due to their location.
Additionally, Bildgerlings is a relatively new player in the market, and it may not have the same level of trust and reputation as more established banks. While the app is licensed and regulated by the FSA, some users may be hesitant to trust a new player with their money.
How does Bildgerlings compare to other bank apps?
When it comes to comparing Bildgerlings to other bank apps, there are several factors to consider. These include the app's ease of use, fees, features, and security.
In terms of ease of use, Bildgerlings compares well to other bank apps. The app is designed to be user-friendly, and it offers a simple and intuitive interface that makes it easy to navigate through the different features and services.
When it comes to fees, Bildgerlings offers some of the lowest fees in the market. For example, ATM withdrawals are free up to a certain limit,