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neobank

American  
[nee-oh-bangk] / ˈni oʊˌbæŋk /

noun

  1. a digital bank, typically without a charter, that operates only online or on mobile platforms, providing some traditional banking services, such as checking and savings accounts, at low or no cost to customers.

Etymology

Origin of neobank

First recorded in 2021; neo- ( def. ) + bank 2 ( def. )

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

“Today’s investment figures are a vote of confidence for the UK fintech sector,” Anne Boden, CEO of neobank Starling, said.

From Reuters • Jul. 7, 2021

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023

Idioms from The American Heritage® Idioms Dictionary copyright © 2002, 2001, 1995 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company.