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Look, we get it. Banking isn't exactly the most thrilling topic out there – but it's one of those adult things we all need to figure out. Whether you're finally setting up your first proper account or just tired of your current bank's prehistoric app, we're here to break down everything you need to know about managing your finances in the digital era.
Getting started
There was a time when opening a bank account meant sitting in a stuffy branch office while someone in a suit explained terms and conditions for what felt like hours. Thankfully, those days are over. Here's what you actually need to know:
What you'll need to open a bank account
Let's keep this simple. To open a bank account, you'll need:
- A valid ID (passport, driver's license, ID card)
- Proof of address (utility bill, lease, etc.)
- Your phone + internet access
- A few minutes of your time
No need to print anything, mail anything, or – heaven forbid – fax anything. Welcome to 2025, folks.
Banking basics explained
Types of accounts
Think of bank accounts like streaming services – different ones for different needs:
- Everyday accounts
Your go-to for daily life. Bills, coffee runs, online purchases.
- Savings accounts
Where your "adulting" money lives.
- Joint bank account
If you’re looking to take a very big next step with your partner. Serious adults only.
Let’s talk bank cards
Remember when cash was king? Now your phone probably has more payment methods than your wallet has actual cards. Here's what's what:
- Physical debit cards: The classic. Tap, chip, or swipe away.
- Virtual card: For all your online shopping needs.
- Digital wallet: Because sometimes carrying an actual wallet is just too much.
What is a bank account number?
A bank account number is basically the ID tag for your money. It’s a unique string of digits that tells your bank (and anyone sending you cash) exactly where your account lives (like your account’s home address in the financial world).
You’ll usually need it for things like receiving payments, setting up direct debits, or pretending to be super organised when you pay your bills on time. Just keep it safe – it’s not exactly the kind of number you want floating around the internet.
On that note - do not ever share your banking passwords, logins, card PINS or OTPs with anyone. Ever.
The cool stuff you actually care about
While opening a traditional bank account isn't exactly rocket science, why not take the easier road? Enter Tap – your modern money account that takes the complexity out of managing your finances. While traditional banks have their place, Tap offers something different: a seamless digital experience that fits right into your lifestyle (and pocket - it’s an app).
With Tap, you get all the essential features you'd expect for managing your money, but without the traditional banking hassles. And the bonus of crypto. Open your Tap account in minutes, right from your phone – no paperwork, no branch visits, and no complicated processes.
Just straightforward money management for the digital age.
Instant money moves (for free between Tap users)
Gone are the days of "the check is in the mail." With Tap, sending money is as easy as sending a meme:
- Split bills without the awkward "who owes what" conversation
- Pay back your friend for lunch before you've even left the restaurant
- Send money internationally without selling a kidney to cover the fees
Security
We take security seriously. Obviously. That’s what being regulated is all about:
- Face ID/fingerprint login
- Instant card freeze
- Real-time notifications
For those into crypto (not mandatory)
We've got you covered too (or if you're crypto-curious but not quite sure what it all means, that's also cool). At Tap, we make integrating crypto into your finances easy as pie:
- Buy and sell top cryptocurrencies right in your app
- Get access to our integrated smart router that finds the top prices in real time
- Store your crypto safely alongside your regular money – all in one place
- Track your crypto portfolio without getting a headache from complicated charts
- Convert between crypto and traditional currencies whenever you want
- Load crypto or fiat currencies onto your Tap card and spend them anywhere, anytime
And if crypto isn't your thing? No pressure. Your Tap account works perfectly fine without ever touching crypto. We're all about giving you options.
Why Tap though?
Look, there are plenty of financial institutions out there. But here's why we think you'll vibe with us:
- We speak human, not banker
- Our app doesn't look like it was designed in 1995
- No hidden fees (because surprises are for birthdays, not bank statements)
- 24/7 support from real people who actually want to help
- We’re licenced and regulated (more info available on our website)
- We also offer premium accounts with extra perks
Ready to level up your banking?
Banking doesn't have to be boring, and it definitely doesn't have to be difficult. Tap is for people who’d rather focus on living their lives than worry about managing their money. No branches, no bureaucracy, just managing your finances in a way that works as fast as you do.
Download our app, and in the time it takes to order your morning coffee, you can create an account and get verified.
This article is for general information purposes only and is not intended to constitute legal, financial or other professional advice or a recommendation of any kind whatsoever and should not be relied upon or treated as a substitute for specific advice relevant to particular circumstances. We make no warranties, representations or undertakings about any of the content of this article (including, without limitation, as to the quality, accuracy, completeness or fitness for any particular purpose of such content), or any content of any other material referred to or accessed by hyperlinks through this article. We make no representations, warranties or guarantees, whether express or implied, that the content on our site is accurate, complete or up-to-date.
