How people use neobanks in Germany 2022
In 2022, around 14 percent of people in Germany were using neobanks as their main account. 45 percent of people were using it in addition to a direct bank. Neobanks are usually fintech firms that provide services only online and due to this are often able to offer more competitive rates compared to traditional banks. Banks such as N26, Monzo and Starling are examples of neobanks.
