Neobank

noun

noun ·Rare ·Advanced level

Definitions

Noun
  1. 1
    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."

Example

More examples

"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."

Etymology

From neo- + bank.

Data sourced from Wiktionary, WordNet, CMU, and other open linguistic databases. Updated March 2026.