How to choose online banking services – especially if you use crypto

Many of us today do most of our ‘life admin’ (managing our money, paying bills and even shopping) on our phones. As a result, online-only or digital banking services are becoming more popular than ever. After all, why pay more for banking services if you’re never going to actually visit a brick-and-mortar branch?

But not all online banking services are equally good. Some are long on advertising budget but short on actual service. Others charge more than you should have to pay for their services. Some don’t allow you to make cash deposits at all, others allow you to do so at your nearest post office or at specific businesses, for example.

Many digital banking services offer annual return rates on your deposited funds, and may offer cashback on popular payment services as well. Make sure you look for one which has features you’ll actually use.

Another point is whether or not the digital banking service you choose handles cryptocurrencies at all – many offer no crypto-based services at all, and others charge inappropriate fees or limit the people you can send to or receive from to a small number of ‘partner companies’.

If you do use crypto, you’ll need to make sure your banking service lets you buy, sell, trade and receive crypto from just about any valid service or wallet.

Many of us today do most of our ‘life admin’ (managing our money, paying bills and even shopping) on our phones. As a result, online-only or digital banking services are becoming more popular than ever. After all, why pay more for banking services if you’re never going to actually visit a brick-and-mortar branch?

But not all online banking services are equally good. Some are long on advertising budget but short on actual service. Others charge more than you should have to pay for their services. Some don’t allow you to make cash deposits at all, others allow you to do so at your nearest post office or at specific businesses, for example.

Many digital banking services offer annual return rates on your deposited funds, and may offer cashback on popular payment services as well. Make sure you look for one which has features you’ll actually use.

Another point is whether or not the digital banking service you choose handles cryptocurrencies at all – many offer no crypto-based services at all, and others charge inappropriate fees or limit the people you can send to or receive from to a small number of ‘partner companies’.

As an example, consider Blackcatcard.

Blackcatcard is a complete, integrated online banking system in the mould of Revolut, Monese, Monzo, or Wise, but with many important features that the others lack. It is these extra features that lead them to call themselves a ‘financial admin service’, not just a mobile banking service or ‘neobank’. One of the most important is their fully integrated cryptocurrency service, provided by one of the best names in crypto, DigiNORD OÜ.

Other features that make Blackcatcard one of the clear winners for people liking for a virtual card – whether or not they use crypto – include:

  • Blackcatcard’s annual rate of 2.2% is very high for this class of financial admin service.
  • They offer a generous 5% cashback on Google Play purchases, or 2% on Amazon purchases (up to €50 per month), etcetera. Note that you can only have one cashback option running at any one time, but it is easy to switch between them.
  • On the crypto side, Blackcatcard not only lets you buy, sell and trade all popular cryptocurrencies, but also to send and receive from anywhere in the world using external wallets which you can link securely to your account.

In conclusion, make sure you know exactly what you are getting into when you select a digital card or online banking service. Make sure you choose one with all the features you need – like Blackcatcard. 

As an example, consider Blackcatcard.

Blackcatcard is a complete, integrated online banking system in the mould of Revolut, Monese, Monzo, or Wise, but with many important features that the others lack. It is these extra features that lead them to call themselves a ‘financial admin service’, not just a mobile banking service or ‘neobank’. One of the most important is their fully integrated cryptocurrency service, provided by one of the best names in crypto, DigiNORD OÜ.

Other features that make Blackcatcard one of the clear winners for people liking for a virtual card – whether or not they use crypto – include:

  • Blackcatcard’s annual rate of 2.2% is very high for this class of financial admin service.
  • They offer a generous 5% cashback on Google Play purchases, or 2% on Amazon purchases (up to €50 per month), etcetera. Note that you can only have one cashback option running at any one time, but it is easy to switch between them.
  • On the crypto side, Blackcatcard not only lets you buy, sell and trade all popular cryptocurrencies, but also to send and receive from anywhere in the world using external wallets which you can link securely to your account.

In conclusion, make sure you know exactly what you are getting into when you select a digital card or online banking service. Make sure you choose one with all the features you need – like Blackcatcard.

 

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