Algbra is a pioneering neobank based in Great Britain, designed with the mission to build a more inclusive financial ecosystem. It seeks to address the gaps in traditional banking sectors by offering equitable financial services to underserved communities, ensuring that everyone can access premium financial tools regardless of their socioeconomic status.
Algbra leverages state-of-the-art technology to deliver seamless and secure banking experiences. Its digital platform offers a range of services including personal accounts, savings options, and simplified international transfers, all tailored to meet the needs of diverse customer bases. The neobank is committed to financial empowerment, providing educational resources and financial literacy tools to help users make informed decisions and manage their finances effectively.
Founded on principles of transparency, ethics, and sustainability, Algbra is at the forefront of the new wave of banking solutions committed to making a positive societal impact. Its vision extends beyond just financial products, with a focus on driving change within the finance industry by advocating for better representation and breaking down barriers that hinder access to financial services.
With a robust emphasis on community engagement, Algbra fosters a sense of belonging and trust among its users by actively involving them in the development of its services. This customer-centric approach ensures that the products not only meet but exceed the expectations of those they are designed to serve, fulfilling Algbra's goal of reshaping the future of banking.
Algbra is currently available for residents of the following countries:
United Kingdom
24/7 availability- anytime, anywhere
No matter where you are, at home or abroad, you can access your Algbra account via the app, check your account balance, control your savings, get customer support, make payments and even freeze your debit card if needed. In addition, get real-time notifications every time you make a transaction, so there won’t be any surprises at the end of the month. No need to make appointments, stand in line and lose working hours to manage your finances.
Get approved fast
Opening an account with Algbra is simple, with no lengthy paperwork. Just download the app, prove your identity, top up your account and you’re ready to go. Algbra doesn’t require a copy of your credit history to approve your account, meaning you can open an account and get approved in minutes.
Lower fees
Another main reason to use Algbra is the low (or no!) fees. Algbra has no physical branches, therefore they can offer lower fees than traditional banks – especially when it comes to ATM withdrawals, money exchange/transfer and payments abroad. For example, Algbra offers zero fees on all transactions, including purchases made overseas!
Makes traveling easier
Algbra = borderless banking. Low/no exchange rates and low/no ATM withdrawal fees worldwide make traveling a whole lot easier (and cheaper) than with traditional banks- especially in the eurozone. And for added safety, freeze or unfreeze your debit card while you travel, directly in the app.
Go paperless
One of the frustrating things about traditional banks is the amount of documents, contracts and letters that are sent to your mailbox. With Algbra everything you need is in the app and all communications are sent to your app or your email. Gone are the days of rummaging through piles of paper around your house – and protecting the environment is the cherry on top.