Samie Bank account FAQs
Have a scroll through our FAQs sheet concerning what to expect when opening an account with Samie Bank.
A Samie Bank spend account is a global solution helping people spend, send and save money from an app on their mobile phone and web browsing devices. You may see this referred to as an online bank account alternative.
Opening one benefits you the user, to add money to a secure electronic account to use for quick mobile payments and transfers and so much more with the Samie Bank, banking app. You don’t even need to have a bank account to open a spend account.
It’s an ideal banking app alternative for people who are excluded from traditional banking services.
You will simply prefer the convenience this type of account offers when travelling, living and working abroad.
Samie Bank’s spend account allows you to do many of the same things that you would with a traditional banking. Samie Bank’s spend account, you can:
- Make and receive payments
- Set up direct debits and recurring payments for bills
- Make and receive transfers locally and internationally
- Multi-currency accounts and transact like a local
- Share your own account details with others
- Make use of a physical contactless card or virtual card online, in-store or at ATMs and abroad wherever the card is accepted.
The difference is that a bank account alternative like ours doesn’t actually involve a bank. Officially speaking, we will start-out as an Electronic Money Institution (EMI). However we will become a bank when we get fully licensed in the near future but will be operating on the same platform for a better an smarter way of banking for people of all walk’s of life.
There’s a lot to like about having your own digital spend account.
- Accessible: Almost anyone with a phone can open and use a spend account. You can access your money easily when travelling too.
- Fast and convenient: Samie Bank’s spend accounts are, by definition, mobile. Add money, make fast payments and transfers and manage your finances on the go with an innovative mobile app.
- Flexible features: Samie Bank’s spend account is more than a mobile wallet or an online payment service. Your are able to transfer money abroad, track spending, integrate with budgeting tools, request payments and more.
- Secure: Your money, identity and data are protected with a range of robust security features.
- Low cost: Our pricing starts at £0 a month. You can enjoy free transfers between Samie Bank spend accounts and get great exchange rates on international money transfers too.
We will never have physical branches like traditional high-street banks do, though we still have a friendly Support team you can get in touch with.
Your money is safeguarded under the EU Electronic Money Directive 2009/110/EC and UK Electronic Money Regulations 2011. We’ve packed in lots of security features too, like single-device access, biometric login, 3D Secure, real-time notifications, multi-factor encryption and authentication protocols, the ability to lock and unlock your card straight from the app, 24-7 monitoring and more, to keep you and your money safe.
A multi-currency account allows you to move and manage money in multiple currencies. They’re ideal for living, working and travelling abroad, without losing out to expensive exchange rates or slow transfer times. You’ll get account details in multiple currencies to make receiving money easy wherever you are.
Just start by downloading our mobile app from the App Store, Google Play All you need after that is:
- Your email address and phone number
- An ID document like your passport
- A video selfie in the app to confirm your identity