Compare Suits Me and BuddyBank

How do Suits Me and BuddyBank compare?

Suits Me and BuddyBank are two highly acclaimed mobile banks that offer streamlined and modern digital banking services.

Suits Me, a UK-based mobile bank, delivers a high-quality banking experience geared toward temporary or contract workers, expatriates, and non-UK residents, among others. Users can create an account within 10 minutes, receive their contactless Visa debit card in the mail within 3-5 working days and access their money online or through mobile banking 24/7. In addition, Suits Me offers an impressive range of banking options such as in-store and online purchases, ATM withdrawals, and faster payments service. All of these features are available without a credit check. What distinguishes Suits Me significantly is its cashback rewards program, which provides 3.5% to 10% cashback when users shop at partnered retailers.

In contrast, BuddyBank, owned by UniCredit and based in Italy, is designed to capitalize on relationship banking. They offer 24/7 concierge service where a personal assistant dubbed "Buddy" helps users with banking and non-banking requests alike. Unlike Suits Me, BuddyBank targets long-term continual customers and offers different packaged accounts tailored to the individual needs of its customers, which range from basic banking services to travel and insurance packages. BuddyBank offers a slightly more personal experience than Suits Me, with a dedicated assistant assigned to each user. However, there's no cashback program offered.

In comparison, while both mobile banks offer round-the-clock digital banking and convenience, their target audience and banking package differ. Suits Me focuses on providing practical banking solutions along with a valuable cashback rewards program. On the other hand, BuddyBank pays more attention to providing high-end customer service with personalized banking experiences. Both mobile banks have their unique role in the growing trend of digital banking, catering to different clusters of consumers in the market. Therefore, the choice between Suits Me and BuddyBank largely depends on individual banking needs and preferences.