# Neobanks vs. Traditional Banks
Choosing between a neobank and a traditional bank depends on your financial needs and lifestyle.
## Neobanks
**Pros:**
- Lower fees
- Better mobile apps
- Faster innovation
**Cons:**
- No physical branches
- Limited services (e.g., fewer loan options)
## Traditional Banks
**Pros:**
- In-person customer service
- Full range of financial products
- Established trust
**Cons:**
- Higher fees
- Outdated technology
Ultimately, many people find that using both types of accounts gives them the best of both worlds.