A digital bank account is an account offered by a digital bank, which operates entirely online without physical branches. These accounts provide a convenient and flexible way to manage your finances,
Difference Between Digital Accounts and Ordinary Accounts
- No Physical Deposit Book:
- Digital accounts do not require a physical deposit book, as all account management is done online.
- 24/7 Availability:
- Digital accounts can be accessed and managed 24 hours a day, unlike ordinary accounts which may be restricted by bank business hours.
- Apply Anytime, Anywhere:
- Digital accounts can be applied for 365 days a year, with no restriction on business hours. You can apply online from anywhere in the world.
- Higher Interest Rates:
- The interest rate on a digital account's current savings is typically 10 times higher than that of a regular account.
- Credit Card Integration:
- You can bind a credit card to your digital account, earning additional rewards by using your card for purchases.
- Low Investment Requirements:
- Digital accounts allow you to invest in funds with a minimal amount, such as just a copper plate or a thousand yuan.