Our website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.
Home Technology bankkit – the new app for global citizens to seamlessly manage their current account, forex, overseas and UK bill payments, insurance, cyber security

bankkit – the new app for global citizens to seamlessly manage their current account, forex, overseas and UK bill payments, insurance, cyber security

by uma

 

The bankkit app has been purpose-built with global citizens in mind. bankkit is a new app that lets users manage and control their personal finances with innovative functions, including a UK current account, in one convenient place.

bankkit is a seamless multi-product that aims to be part of a financial world that goes beyond traditional global borders.

bankkit lets consumers and business customers access fair banking services, enabling them to set up an account in the UK in minutes.

Speed and convenience are the driving force behind all its features that include:

Easy account opening

  • UK current account
  • Low-cost fixed fee real-time FX remittance services
  • Businesses insurance products.
  • Overseas utility and other bill payments to twenty-three countries
  • First of its kind in the UK cyber security, including dark web protection
  • Terminal free, free instant B2B and B2C merchant payments via QR code
  • The Bankkit app can be used anywhere in world
  • 24/7 in-app and real-life in-house customer service
  • Innovative merchant low-cost merchant interface for businesses
  • Seamless QR code fee free money transfers for Bankkit users
  • And other services you would expect from an app-based current account, including premium paid services

bankkit founder Nadim Choudary says, “bankkit was born out of a simple belief: money is meant to be easy and secure; it’s meant to work for people, and not the other way around. It is an alternative experience providing a simple interface for current accounts, insurance and foreign exchange remittance and more, at low cost to consumers and business users“.

Among bankkit’s innovative features, which no UK bank has, is easy payment of overseas utility bills (ideal for overseas business owners and homeowners) and non-utility bill payments.

Also included, is the bankkit QR code or bankkit Pay (free for merchants), that enables merchants to receive instant payments. There is no need for a terminal; therefore, there are no monthly terminal fees, no commission on transactions, no limit on the number of transactions, and instant payments between bankkit customers. With other Merchant fees averaging £25 a month and transaction fees between 1.6 and 3%, the Bankkit pay will save businesses thousands of pounds.

“We have created an app that makes it easy for consumers and business users who live and work in the UK and for foreigners who come to the UK for work or education to keep tabs on all their personal finance needs in one place. Knowing how much money is transferred between countries, especially by South Asian ex-pats living in the UK, with over $83 billion transferred from the UK to India in 2020, we wanted to create a one-stop solution that combines a UK current account with a low-cost FX remittance capability.  bankkit makes it easy and cheap for people to transfer money overseas, pay bills with excellent rates at their fingertips”, says Choudary.

Customers will have access to Bankkit accounts in 23 countries for bill payments, including Argentina, Costa Rica, Dominican Republic, Ecuador, Egypt, El Salvador, Ghana, Guatemala, Honduras, India, Indonesia, Jamaica, Jordan, Kenya, Mexico, Nepal, Nicaragua, Nigeria, Pakistan, Peru, Philippines, United Arab Emirates, and Vietnam. 

 

Recent Post