Compare Suits Me and Insha

How do Suits Me and Insha compare?

Suits Me and Insha are two innovative online banking platforms designed to deliver modern banking experience to users across the globe.

Suits Me, a UK-based mobile banking solution, is primarily aimed at individuals who find it difficult to open a traditional high-street bank account. It offers a hassle-free online banking experience, integrates professional functionality with personal finance, and allows customers to manage their money securely at all times. With the Suits Me app, users can execute seamless money transfers, view their balance and transactions 24/7, plus enjoy the benefit of a cashback reward program with selected partners. Suits Me also offers multilingual customer support and protects its clients with the Financial Services Compensation Scheme (FSCS).

In contrast, Insha, based in Germany, offers a fully digital Islamic banking experience, sticking to the principles of finance in Islam - no interests or hidden fees. Insha helps users manage their money within a moral framework avoiding investments in industries such as alcohol, tobacco, gambling, or arms. The app features basic banking functionalities, like money transfers, bill payments, tracking expenses, but stands out in services like digital zakat calculation and donation, and a gold saving plan. Although Insha doesn't offer cashback rewards, its users can recommend a friend to earn credits. Insha is also backed by a European deposit guarantee scheme, but unlike Suits Me, the customer support is not multilingual.

In summary, Suits Me and Insha offer reliable banking experiences catering to diverse needs. Suits Me focus on offering easy access to banking facilities and cashback rewards; whereas Insha appeals to those who seek Islamic banking principles applied to modern banking. Both banks do a commendable job making online banking comfortable, secure, and in-line with individual lifestyle requirements.