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"neo bank" vs "neobank"

Both "neo bank" and "neobank" are correct, but "neobank" is the more commonly used and accepted term in the financial industry. It is a combination of the words "new" and "bank" to refer to a type of digital-only bank that operates exclusively online.

Last updated: April 01, 2024

"neo bank"

This is a correct term, but less commonly used than "neobank."

This term refers to a new type of bank that operates digitally without physical branches. It is a valid term but not as widely recognized as "neobank."

Alternatives:

  • digital bank
  • online bank
  • internet bank
  • virtual bank
  • fintech bank

"neobank"

This is the more commonly used and accepted term in the financial industry.

A neobank is a type of digital-only bank that operates exclusively online, without traditional physical branches. It is a combination of the words "new" and "bank."

Alternatives:

  • digital bank
  • online bank
  • internet bank
  • virtual bank
  • fintech bank

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