What is a digital bank?
A digital bank (or neobank) is a bank that operates entirely online, with no physical branches. You manage your account through an app or website.
Digital banks in the UK
UK digital banks like Monzo, Starling, Revolut, and Chase are licensed banks or operate under e-money licences. They offer current accounts, cards, and sometimes savings or loans. Everything is done through their app. Many people use them as their main account or as a secondary account for budgeting or travel.
Digital bank vs multi-bank platform
A digital bank gives you one account. A multi-bank platform like Beluga connects to all your accounts — digital banks, high-street banks, savings — and shows them in one dashboard. Beluga is an AISP (Account Information Service Provider), not a bank. We aggregate and analyse; we do not hold your money or offer our own account. That means you can use Beluga alongside any digital bank you like.