In the ever-evolving world of mobile banking, finding the perfect app to manage your finances can be a daunting task. nine industry leaders, a founder and a CEO, weigh in on what makes an app stand out in 2024. The first insight comes from a founder who highlights the strengths of Revolut, while the last insight is provided by a Content Marketing and Community Manager who praises Tide for its small business sustainability features. Discover these expert insights to help you make an informed decision.
- Revolut: Best App for Personal Finances
- SoFi: All-in-One Financial Management
- Capital One: Instant Notifications and Credit Monitoring
- Discover Mobile: Real-Time Spending Insights
- Chase Mobile: Comprehensive Financial Management
- Monzo: User-Friendly Budgeting Tools
- Citi Mobile: Secure Financial Management
- Chime: No Hidden Fees and Automated Savings
- Tide: Best for Small Business Sustainability
Revolut: Best App for Personal Finances
In 2024, Revolut stands out as the best mobile banking app to manage personal finances. Having used it myself for both personal and business expenses, its real-time analytics and budgeting tools have made a tangible difference in my spending habits. The app provides seamless integration with multiple currencies, making it ideal for frequent travelers or entrepreneurs managing international clients. Revolut’s vault feature, which allows users to save effortlessly by rounding up purchases, is a simple yet powerful tool that’s helped me build savings painlessly. It’s this combination of convenience, security, and insightful analytics that makes Revolut my go-to choice for financial management.
Habib Rkha, Founder, QCADVISOR
SoFi: All-in-One Financial Management
I’d recommend SoFi as one of the best mobile banking apps for managing finances in 2024. SoFi has done a solid job in terms of creating an all-in-one platform that feels intuitive, especially if you’re balancing multiple financial goals. You can handle checking, savings, investing, and even loan management-all from the same app, which saves time and minimises the need to switch between different accounts or platforms.
One feature I appreciate is their automated savings tool, which lets you set aside a portion of your paycheck for specific goals, from building an emergency fund to planning a trip. It’s simple but effective in helping u
sers stay consistent with their savings. SoFi also offers strong cashback rewards on purchases, particularly if you’re spending on essentials like groceries and gas, making it practical for day-to-day management.
The app’s layout makes it easy to monitor your budget, track spending trends, and even explore investment options without needing prior knowledge. SoFi has built-in educational resources, which I find helpful for users who want to start investing or get deeper insights into personal finance. For anyone looking to manage multiple aspects of their finances in one place, SoFi’s mobile banking app is worth a look in 2024.
Jon Morgan, CEO, Business and Finance Expert, Venture Smarter
Capital One: Instant Notifications and Credit Monitoring
I’ve tested dozens of banking apps, and Capital One’s mobile app has become my go-to for managing finances because of its instant purchase notifications and built-in credit score monitoring that helped me catch a fraudulent charge last month. The app’s clean interface makes it super easy to categorise expenses and set realistic budgets—I actually saved an extra $200 last month just by using their automated savings rules feature.
Yarden Morgan, Director of Growth, Lusha
Discover Mobile: Real-Time Spending Insights
Discover Mobile has become a real favorite for managing finances, offering features that actually make a difference day-to-day. I love how it keeps budgeting simple with real-time spending insights, so you’re always aware without needing to dig through endless screens. You can set up alerts for deposits, payments, or anything unusual, which adds peace of mind and lets you decide what’s important to track. The cashback tracking is another feature I really enjoy, as it lets you see rewards build up with each purchase, turning regular spending into small wins.
Also, customer support is right there in the app, so help is quick and easy if you need it. From my experience, Discover Mobile doesn’t just feel like another banking tool but rather it feels like something designed to keep up with real life, making it a solid choice for anyone wanting a smooth, reliable way to handle their finances.
Chris Bajda, E-commerce Entrepreneur & Managing Partner, GroomsDay
Chase Mobile: Comprehensive Financial Management
In 2024, Chase Mobile stands out as the best mobile banking app for managing finances. Its comprehensive features, from bill payments to investment tracking, make it a one-stop solution for both personal and business banking. We rely on Chase Mobile to manage accounts, transfer funds, and monitor transactions in real time. The app’s interface is intuitive, and it offers advanced security features like fingerprint login and fraud alerts. With seamless integration across devices and the ability to deposit checks digitally, Chase Mobile has streamlined our financial management, saving time and reducing complexity.
Ryan Moore, Founder & CEO, Pheasant Energy
Monzo: User-Friendly Budgeting Tools
In my opinion Monzo is the go-to mobile banking app for managing finances. It’s user-friendly, with smart budgeting tools that let you set spending limits by category and track expenses in real time. You can save for goals using “pots,” split bills easily, and view detailed analytics to see where your money goes. Plus, Monzo’s round-up feature helps you save effortlessly by rounding each purchase to the nearest pound and stashing the difference. For anyone looking to take control of their finances, Monzo combines ease and functionality like no other.
Michael Hayden, Accountant | Business Owner, MH Services
Citi Mobile: Secure Financial Management
As a real estate agent, managing finances on the go is crucial, and the Citi Mobile Banking app stands out for me in 2024. It’s user-friendly and packed with features like account balance tracking, bill payments, and even FICO score monitoring. The multiple layers of security, including biometrics, give me peace of mind knowing my financial information is safe. Plus, the customer service is just a tap away if I need any assistance.
Samantha Odo, Real Estate Sales Representative & Montreal Division Manager, Precondo
Chime: No Hidden Fees and Automated Savings
Chime is one of the top mobile banking apps for 2024, an easy solution that has no hidden fees. Such features of Chime are automated savings, instant transaction alerts, and even early direct deposit. One more exciting feature is “Round-Up,” under which money can be saved while Chime rounds transactions to the nearest dollar. The ease of the app and the extra measures that add security make it perfect for managing finances on the go. The user may further track the expenses and set saving goals, hence making Chime a safe financial account management option.
George Silagadze, Co-founder & CEO, Photo2painting
Tide: Best for Small Business Sustainability
I recommend Tide as the best mobile banking app for small businesses. Not only does it have loads of fantastic features that support business owners’ needs, but it really is a whole digital ecosystem in one. For example, Tide recently launched a carbon footprint calculator function that shows the carbon emissions of transactions, based on third-party verified calculations.
This is massively helpful to businesses looking to be more sustainable, and those businesses that supply larger organisations who are being impacted by regulatory disclosure requirements for Scope 3 (upstream) emissions, which encompasses suppliers. Large enterprise procurement teams are seeking ways to de-risk their partnerships by choosing businesses that are measuring their carbon footprint.
Madeleine Leslie, Content Marketing and Community Manager, Connect Earth
