neobank
neobank noun: a modern type of direct bank that operates exclusively online without a traditional physical branch network, often mobile-first and even without banking licence.
Noun
neobank (plural neobanks)
- A modern type of direct bank that operates exclusively online without a traditional physical branch network, often mobile-first and even without banking licence.
- Digital-only neobanks, offering no-fee accounts, high-speed sign-ups and intuitive user interfaces, are hoping to disrupt the way Australians save and spend their money – by making products people actually like.2019 September 21, Alyx Gorman, “A bank you might like: apps' unlikely pitch out to disrupt Australian habits”, in The Guardian, →ISSN
- It comes only 18 months after Schroders ploughed £9.9m into the firm as part of a big funding round for Revolut, which the asset manager lauded as an “ambitious neobank”, in the summer of 2021.2023 April 24, Kalyeena Makortoff, “Revolut’s place as UK’s top fintech firm at risk after Schroders writedown”, in The Guardian, →ISSN
Forms of neobank
| plural | neobanks |
|---|
Origin of neobank
From neo- + bank.
Questions about neobank
- What does neobank mean?
- Neobank means a modern type of direct bank that operates exclusively online without a traditional physical branch network, often mobile-first and even without banking licence.
- What part of speech is neobank?
- Neobank is a noun.
- What is the plural of neobank?
- The plural of neobank is neobanks.
Words near neobank in the dictionary
Source and license
Adapted from Wiktionary: neobank (page history and authors). Text available under the Creative Commons Attribution-ShareAlike 4.0 license. Word.ws reformatted the entry and added links. Wiktionary data of 2026-09-02.
Last updated:
Cite this entry: “neobank.” Word.ws, https://word.ws/neobank. Based on Wiktionary, CC BY-SA 4.0.