Hay is an innovative neobank that offers a seamless and highly personalized digital banking experience. It targets individuals who seek flexibility, efficiency, and control over their financial management without the traditional constraints of brick-and-mortar banks.
Main features of Hay include a user-friendly mobile app interface that allows for instant account setup, real-time transaction notifications, and effortless money transfers. It supports goal-setting and budgeting tools to help users maintain a healthy financial lifestyle. Additionally, Hay offers fee-free transactions, competitive exchange rates for international payments, and cashback rewards on everyday purchases.
The target audience for Hay primarily includes tech-savvy millennials and Gen Z consumers who prefer digital solutions that align with their fast-paced lifestyles. It also appeals to individuals and small business owners seeking accessible financial services with minimal fees.
The benefits of banking with Hay include enhanced spending insights through analytics, secure digital payments using advanced encryption technology, and 24/7 customer support to resolve issues promptly. By providing a completely digital banking experience, Hay empowers its users to manage their finances dynamically and efficiently.
Hay is currently available for residents of the following countries:
Australia
24/7 availability- anytime, anywhere
No matter where you are, at home or abroad, you can access your Hay 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 Hay is simple, with no lengthy paperwork. Just download the app, prove your identity, top up your account and you’re ready to go. Hay 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 Hay is the low (or no!) fees. Hay 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, Hay offers zero fees on all transactions, including purchases made overseas!
Makes traveling easier
Hay = 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 Hay 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.
