May 1, 2021

US Neobank Account Holders, by Company, 2021-2025 (millions)

Note

A digital-only bank is a retail financial services company or brand that primarily offers banking products, serves customers online and/or via a smartphone app, and effectively or completely lacks branded physical locations

Methodology

Estimates are based on the analysis of data from respective bank corporate disclosures, reported and estimated non-interest expenses from major banks, estimates from other research firms, historical trends, GDP trends, technology expense trends, and macro-level economic conditions.