neobank
Word Rarity
Very rare
Frequency: Zipf frequency 0.00 in modern English
13
Scrabble Score
7
Letters
1
Syllables
6
Unique Chars
Meaning
noun
A modern type of direct bank that operates exclusively online without a traditional physical branch network, often mobile-first and even without banking licence.
Example Sentences
- "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."
- "It comes only 18 months after Schroders ploughed £9.9m into the firm as part of a big funding round for Revolut, which the asset manager lauded as an “ambitious neobank”, in the summer of 2021."