7 Best Digital Bank Application Recommendations

The development of technology is very easy for human life. One of them is in the banking sector. The so-called innovation branchless banking It offers convenience for its customers by utilizing technology. Customers only need to use their mobile devices to access the services offered by the bank. So, customers do not need to bother visiting the branch office.

Different from online banking, service branchless banking

This company really utilizes technology to provide convenience for its customers, such as opening account, save, make payments, to apply for loans. The following are recommendations for the best digital bank applications that already use technology: Branchless Banking.

LineBank

Line Bank is the only digital bank application in Indonesia that issues debit cards with designs with Line Friends characters. This adorable design makes you feel happy to have this debit card. In addition to the adorable card design, Line Bank also provides free transfer facilities to all local Indonesian banks without a minimum balance specified, you know.

If you are interested in this bank, you can register yourself and open an account from home, because all of its service activities are online. However, it should be noted that the features in this application are still very limited. Even ATM machine

Line Bank is still very little.

Digibank DBS

Digibank DBS

is a digital banking application from Singapore's DBS bank. This application offers many services that can be used easily, such as opening a savings account, time deposit, investment, to making a KTA application quickly. Just like digital banks in general, you can make payments, transfers, and see your financial track record on this application.

Another advantage of this digital bank is that you can transfer money around the world without being charged administrative fees or free. However, Digibank charges an administration fee of IDR 10.000 per month if your balance is less than IDR 5 million.

SeaBank

SeaBank is a digital banking application that has been integrated with Shopee, a digital shopping application. SeaBank provides services with high interest rates in the realm of digital banking. The reason is, SeaBank provides a daily savings interest of 7% per year. You can also transfer money to all banks without being charged admin fees. In addition, SeaBank provides a service that does not apply a minimum balance, either when opening an account or the minimum balance per month. So, you are given the freedom to withdraw money according to your needs.

However, the features in the application are still limited. In fact, SeaBank does not provide ATM machines to make cash withdrawals. You are required to make a transfer to another account to withdraw money if needed. This application also does not support payments with QRIS/QR Code.

NeoBank

Neo Bank is a digital bank that provides deposit services with a small initial deposit, which is only IDR 200.000. The tenor is also very flexible, ranging from 7 days to one year. This application provides instant messaging facilities that can be used for joint payments with other customers or joint ventures, the feature can also be used to send messages and reply to messages.

If you are interested in becoming a Neo Bank customer, you can register to open a bank account via the application only. However, Neo Bank has drawbacks, namely not being able to make payments using a QRIS/QR code and not providing cash withdrawal facilities from ATM machines.

TMRWUOB

TMRW UOB is a digital bank that offers free facilities for admin fees when making transactions, and a minimum fee for customer balances. This application provides a financial management feature where customers are given information in the form of track records of expenses, income, and even provide advice based on track records of transactions so that customers can manage their finances better.

Well, this one feature is very rarely available in other digital banks, which is free of charge e-money top up

such as, Gopay, OVO, iSaku and LinkAja. So it is very helpful if you often use e-money. However, you need to know that UOB TMRW can't do it yet top up to Shopeepay and Dana. In addition, the number of ATMs is limited so it's quite difficult when you want to withdraw cash.

Jago Bank

Jago Bank

is one of the pioneer digital banks in Indonesia. Well, if you feel that your finances are limited, you can rely on this one digital bank application. The excellent features of Bank Jago include: free monthly administration fees, no minimum balance, zero balance when opening an account.

Bank Jago also provides free facilities e-money top up

limited to 25 times a month. If more, a transfer fee of IDR 3.000 will be charged except for GoPay. Bank Jago has a "pocket" feature that can be used to manage finances. In addition, Bank Jago's ATMs are still limited so it's a bit difficult to withdraw money, you also can't apply for loans, investments and credit cards.

BTPN genius

Jenius BTPN is a digital bank that has the following features: split bill, until you can make payments with your close relatives fairly. Well, if you use this bank, you don't need to have trouble memorizing your account number, because what is used is the name of the account.

Jenius BTPN offers money loan applications with varying limits for each account, ranging from IDR 500.000 to IDR 200.000.000, the tenor can also be adjusted to your ability from 1 month to 3 years. However, if your balance is not more than one million you will be charged an admin fee when transferring and withdrawing cash.

Well, every digital bank has different advantages. You must first consider the advantages of each digital bank with your needs. In order not to be wrong in choosing a digital bank.