Nomo Bank 2.24.0

BLME – Freeware – Android iOS
out of 2673 votes

Nomo Bank by BLME: A Refreshing Digital Banking Experience

Pete Milner

12/27/2024

Nomo Bank offers a modern and user-friendly mobile banking experience tailored for those seeking convenient financial management and Sharia-compliant services.

Apple Pay with Nomo is now available!

Elevate your banking experience with Nomo, an international digital bank account.

When you join Nomo, you gain access to your own UK Current Account, which is Sharia-compliant. This account ensures that you have 24/7 access to your money, no matter where you are.

The account setup process is quick and easy, taking just minutes. Once set up, you can effortlessly spend, send, and save money in GBP or USD.

Spend: Use your GBP physical or virtual debit card to make purchases worldwide without incurring international spending charges when used within the UK. Enjoy fast and secure payments in-store, online, and in apps with your Nomo debit card via Apple Pay.
Send: Transfer money internationally directly from the Nomo app. Our transfers offer low, transparent fees and competitive exchange rates.
Save: Grow your wealth with our GBP and USD Fixed Term Deposit Accounts. Look out for exciting investment opportunities in the future!

Your security is our utmost priority at Nomo. As part of Boubyan Bank and a subsidiary of BLME (Bank of London & The Middle East), we ensure the safety of your money and data. BLME is authorized by the Prudential Regulation Authority (PRA) and regulated by the Financial Conduct Authority (FCA) and the PRA. Deposits up to £85,000 via BLME are protected by the Financial Services Compensation Scheme (FSCS). For further information, please visit the FSCS website at www.fscs.org.uk.

Why choose Nomo? We believe that your fast-paced, international lifestyle should be complemented by seamless access to exceptional banking services, regardless of your location. With Nomo's user-friendly banking tools, you can live locally while thinking globally. Our Sharia-compliant digital banking app empowers you to take control of your finances wherever you go. We are dedicated to bringing digital excellence to the world of Islamic banking through cutting-edge technology that puts customers in charge of their money.

Opening a Nomo account is incredibly quick and easy, so download the app today and begin your banking journey!

Overview

Nomo Bank is a Freeware software in the category Business developed by BLME.

The latest version of Nomo Bank is 2.24.0, released on 07/05/2024. It was initially added to our database on 10/07/2023.

Nomo Bank runs on the following operating systems: Android/iOS.

Users of Nomo Bank gave it a rating of 5 out of 5 stars.

Pros

Offers Islamic banking services adhering to Shariah principles.
Provides digital banking solutions for convenience.
Supports various account types including personal and business accounts.
Possibly offers competitive Islamic finance products.

Cons

Limited information available on the range of services and features.
May have limited physical branch presence due to digital focus.
Potentially higher eligibility criteria for Islamic finance products.
Customer support and accessibility details are not widely known.

FAQ

What is Nomo Bank?

Nomo Bank is a digital banking service offered by BLME, designed specifically for the needs of individuals seeking Sharia-compliant financial solutions.

Who can open an account with Nomo Bank?

Anyone eligible under UK regulations can open an account with Nomo Bank, including those looking for Sharia-compliant banking options.

What types of accounts can I open with Nomo Bank?

Nomo Bank provides various accounts including current accounts, savings accounts, and potentially investment accounts, all compliant with Sharia law.

Is Nomo Bank regulated?

Yes, Nomo Bank operates under BLME, which is regulated by the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) in the UK.

How do I manage my Nomo Bank account?

You can manage your Nomo Bank account through a user-friendly mobile app and online banking platform, allowing you to monitor your finances easily.

Are there any fees associated with Nomo Bank?

Nomo Bank aims to offer fee-free banking for standard transactions; however, certain services may incur fees, so it's best to review their fee schedule.

Does Nomo Bank offer any rewards or benefits?

Yes, Nomo Bank may offer competitive profit rates on savings and other promotional benefits for account holders.

What security measures does Nomo Bank have in place?

Nomo Bank employs advanced security measures including data encryption and multi-factor authentication to protect customer information and transactions.

Can I use my Nomo Bank debit card internationally?

Yes, you can use your Nomo Bank debit card internationally, but be sure to check for any foreign transaction fees or restrictions.

How can I contact customer support at Nomo Bank?

You can contact Nomo Bank's customer support through their website, mobile app, or by calling their dedicated helpline for assistance.

Pete Milner

I'm Pete, a software reviewer at UpdateStar with a passion for the ever-evolving world of technology. My background in engineering gives me a unique insight into the intricacies of software, allowing me to provide in-depth, knowledgeable reviews and analyses. Whether it's the newest software releases, tech innovations, or the latest trends, I'm here to break it all down for you. I work from UpdateStar’s Berlin main office.

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