The advantage is that they aren't burdened with decades of legacy. I use a few neobanks and one traditional bank, and it's day and night. Guess which ones have

The advantage is that they aren't burdened with decades of legacy. I use a few neobanks and one traditional bank, and it's day and night. Guess which ones have better terms in fees and insurances, don't charge for foreign currency payments and withdrawals, offer lounge access, allow you to buy stock for free/low rates, have usage mobile apps, etc.? It's not the traditional bank. They're the ones that still require signature on paper+scan for documents. So, the neobanks have more services, for cheaper, and with better UX. The only reason I keep my bank account at the traditional bank is because i have a house loan through it and it's a requirement to keep their sweet low interest.