Tomorrow Bank: Complete Review (Updated for 2024)

Security & Reliability, Subscription Costs and Other Fees, Overall Experience

Ian McKenzie

Review by Ian McKenzie 

Head of Fintech Research

Contact author

Published: 17.05.23  

Updated: 26.02.24

Published: 17.05.23

Updated: 26.02.24

In-depth assessment of Tomorrow bank by industry experts.

Tomorrow: Mobile, Secure & Sustainable?

Tomorrow bank is one of the latest mobile-first financial services apps with a focus on sustainability and ethical investment practices. Based in Hamburg, Germany since its launch in 2018, the financial powerhouse app offers German bank accounts and services that enables customers to effortlessly contribute to projects tackling climate change, offsetting customers' CO2 emissions and much more.

Tomorrow's partnership with Solarisbank SE enables the neobank to dedicate more resources towards creating an impressive mobile banking experience, while still enjoying all the benefits of being a secure, fully-licensed and strictly regulated financial institution.

Tomorrow logo

Tomorrow: Key Facts

Active Since2018
HeadquartersHamburg, DE
Total Users122'000
Websitetomorrow.one
Personal Banking From €3.00 p/m
Business Banking
Sign-up Bonus -
Joint AccountsAvailable

For this review, our team of three digital banking experts got hands-on with Tomorrow, documented their experience, supplemented their personal experience with an analysis of online reviews by real users and compared the bank's ability to deliver a great product with some of the bank accounts offered by competitors. Continue reading to discover key pros & cons of Tomorrow, overview of subscriptions available, see our screenshots of Tomorrow app, plan comparison tables as well as our hand-picked suggestions for Tomorrow alternatives. Let's begin!

Tomorrow: Countries Supported

Tomorrow is available for citizens and residents of the following countries:

🇦🇹

Austria

🇧🇪

Belgium

🇨🇾

Cyprus

🇪🇪

Estonia

🇫🇷

France

🇩🇪

Germany

🇬🇷

Greece

🇮🇪

Ireland

🇮🇹

Italy

🇱🇻

Latvia

🇱🇹

Lithuania

🇱🇺

Luxembourg

🇲🇹

Malta

🇳🇱

Netherlands

🇵🇹

Portugal

🇸🇰

Slovakia

🇸🇮

Slovenia

🇪🇸

Spain

🇫🇮

Finland

We also suggest exploring our selection of editorial content featuring Tomorrow fintech app available on our website by using the links below.

Tomorrow's bank accounts are also featured in our selection of in-depth "one-on-one" comparisons of the most popular and the best bank accounts in Europe. Read these by visiting the links below:

Bank Accounts Available at Tomorrow

Tomorrow's customers-to-be get to choose from 3 plans available, ranging from a very affordable "Now" all the way to a premium banking experience with "Zero". The plans vary massively in monthly costs, features available, applicable limits and fee-free allowances. This provides users with flexibility and ensures anyone can find a plan that suits them, without feeling dissatisfied or forced to pay for products they do not intend to use. It's also easy to switch between plans as you go, so feel free to pick the cheapest option to start with - you can easily "grow into" higher-tier subscriptions at a later date.

Each plan provides a "bread and butter" set of core banking features (like card payments, SEPA transfers, ATM withdrawals and such), as well as a unique benefit: protecting 1m² of rainforests with each euro spent using your Tomorrow card (at no cost to you!). On top of this, you get the following benefits with any plan: automatic payment categorization & spending insights, Apple Pay & Google Pay, customer support via email, live chat (based on 3 tests of ours, average wait time tends to be ~3 minutes during working hours) and phone, VISA card, currency withdrawals at no extra cost and overdraft at 10,99% p.a.. You also get a neat "green" feature: rounding up your transaction to a nearest Euro and donating the spare change to climate projects.

Tomorrow Now

€3,00 per month

Now is the entry-level subscription from the sustainability-first challenger bank. On the banking front, the Now subscription gives you 1 current & a sub account for savings. You can also expect digital banking features such as payment insights, mobile pay and instant notifications.

You definitely get your money's worth with "Tomorrow Now", yet based on our reviewers' experience, there are two downsides that could be a deal-breaker for you. Firstly, you can only have 1 sub-account, so your budgeting capabilities are limited. Not being able to create specific accounts for rent and utilities, savings, daily expenses and such feels restricting compared to, for instance, Dutch bunq bank that offers 25 standalone sub-accounts each with an individual IBAN. Secondly, each ATM withdrawal incurs a €2,00 fee. This will get quite expensive fast if you're using cash a lot. Whether these are enough of a deterrent depends entirely on your unique banking needs, but luckily, higher-tier subscriptions fix both of these issues.

And, of course, the app never fails to mention that every card payment made with your Tomorrow card contributes towards rainforest protection and supports a wider range of sustainable projects worldwide.

Bank Accounts for Individuals

Read our detailed reviews of personal bank accounts available at some of the world's most popular online banks, compare the plans they offer, explore their pricing and discover all the hidden fees.

Banking for individuals on mobile.

Tomorrow Change

€7,00 per month

"Change" is an everyday bank account that is both "smart" and flexible. Priced quite reasonably (in line with what competitors like Revolut charge), this subscription is a solid and hassle-free bank account that covers all the day-to-day banking needs an average person has. On top of this, there are a few niche features that truly make this financial tech product stand out from the competition.

Do you get your money's worth with "Change"? Compared to "Now", at more than twice the price, you get: joint bank accounts, 5 free ATM withdrawals a month, 5 sub-accounts for easy budgeting (including "pockets" for specific savings goals) and customizable card designs. Whether it's enough to convince you is up to you, but our reviewers agree it's a solid upgrade.

Tomorrow Zero

€15,00

Tomorrow's "flagship" subscription, Zero is a premium bank account at a fully-licensed German bank that comes with automatic CO₂ offsetting, a stylish wooden card (a real eye-catcher!) and unlimited free ATM withdrawals all over Europe. Great mobile app and an array of environment-friendly features from the bank known for its ethical investment practices - this proposition is a real powerhouse when it comes to satisfying your banking needs.

Do you get enough value on "Zero", compared to cheaper plans? All three of our Fintech Compass testers don't seem to be convinced. Sure, you get a wooden card for free, but you can simply pay €20,00 for one and continue using a cheaper plan. Unlimited ATM withdrawals are nice, but do you do substantially more than 5 (offered for free with "Change") a month? Unlimited sub-accounts are a great benefit, but most people would agree 5 is enough.

Tomorrow: Plan Comparison Table

Tomorrow logo
Feature Now Change Zero
Price, per month € 3.00 € 7.00 € 15.00
CommitmentCancel monthlyCancel monthlyCancel monthly
Website tomorrow.one
Accounts
IBANsDEDEDE
Sub-accounts included1520
Shared accounts Included for free Included for free
Child accounts ✔️✔️
Mobile Payments
Apple Pay✔️✔️✔️
Google Pay✔️✔️✔️
Samsung Pay
Other methods---
Cards
Cards available Visa Visa Visa
Cards included 1 1 2
Maestro/VPay✔️✔️
Debit cards✔️✔️✔️
Credit cards
Virtual cards
Extra card fee - - -
Replacement fee- € 10.00 -
Free replacements---
Metal card
Wooden cards✔️✔️✔️
Payment Methods
iDeal
SOFORT✔️✔️✔️
Bancontact
Various Fees
SWIFT (receive) € 3.00 € 3.00 € 3.00
Foreign exchange fee - - -
Currency fee-free limit - - -
ATM Withdrawals
Daily limit € 500 € 500 € 500
Free withdrawals, per month - 5 times 99 times
After that, per withdrawal € 2.00 € 2.00
Withdrawal fee abroad € 2.00
Interest Rate
Current accounts 0.0%
Savings accounts 0.0% 0.0%
Transaction & Deposit Limits
Deposit limit---
Deposit Protection Up to €100'000
Monthly spend limit € 10,000 € 10,000 € 10,000
Other financial products
Overdraft None p/m None p/m None p/m
Investments in-app
Crypto trading
Cheques
Cashback
Insurance
Lounge access
Transaction categorization ✔️ ✔️ ✔️
Purchase protection
Round-up savings ✔️ ✔️ ✔️
Budgeting features ✔️ ✔️
Deals & Discounts ✔️
Other benefits CO₂ calculator Carbon footprint Impact Board
Learn more
Go to tomorrow.one
Tomorrow bank is people and sustainability-first approach to digital-first banking.

Tomorrow: Pros & Cons

Advantages

Based on our extensive expertise in reviewing digital banks and our personal experience using Tomorrow bank's app and cards, here are the top benefits this German neobank has to offer.

  • Plus sign
    Security on par with "traditional" banks: Thanks to its partnership with Solarisbank, your deposits with Tomorrow (up to €100,000) is protected by the National Deposit Insurance.
  • Plus sign
    Has all the essentials: All the basics you need - such as Apple/Google Pay, joint accounts, fee-free spending abroad - all of these are possible with Tomorrow bank accounts.
  • Plus sign
    Phone support: Unlike most mobile banks, you do not just get support through the app or email. Phone support is also available at Tomorrow, making it easier to resolve a tricky situation urgently.
  • Plus sign
    Every plan is sustainable: This German fintech gives you the ability to adopt sustainable banking practices regardless of your subscription. Knowing you are making a tangible impact by simply paying with your Tomorrow card is great! Additionally, customers’ deposits are only invested in "green" and sustainable projects.
  • Plus sign
    Cash-friendly: Important for a German bank - you can both deposit cash into your Tomorrow account and get free withdrawals on higher-tier plans.
  • Plus sign
    It's hard to deny, having a wooden bank card is bound to turn some heads any time you pay.

Downsides

However, there are a few issues with what Tomorrow has to offer - here are our experts' main concerns and criticisms.

  • Minus sign
    Limited options for savings: You will be slightly disappointed if you expected any advanced features or products that assist you in saving up. At this moment, users do not yet get interest on their savings accounts, however, Tomorrow stated that this functionality is coming soon.
  • Minus sign
    Lack of local payment method support: no iDeal for Netherlands, no cheques for France, no Bancontant for Belgium.
  • Minus sign
    Deposit fees: If you hold more than €50,000 on your Tomorrow accounts, Solarisbank will charge a safekeeping fee of 0,5% p.a. on the all amounts beyond the €50,000 mark. This is not a unique fee and is something other banks charge their users for at the moment, but it can still become a significant expense in case you hold impressive amounts on your bank account.
  • Minus sign
    You can only have a single bank card with Tomorrow, two if you open a joint account next to your personal one.

Tomorrow: App Screenshots

The app has a pleasing, yet not too unique of a design. The app feels easy to navigate, the information is always clearly presented and you can't even see the "growth pains" too much. However, there are quite a few bugs here and there. Luckily, these do not affect any of the actual banking functionality and are completely harmless. You can take a closer look at how the (Android) app looks like on our experts' devices in a gallery below.

Tomorrow Bank: Frequently Asked Questions

We analyzed a significant amount of feedback Tomorrow's existing and potential customers have, identified key concerns and pain points people experience and we will attempt to introduce some clarity in an FAQ format.

Which bank is behind Tomorrow?

Tomorrow uses Solarisbank SE as their banking platform, thus any customer account opened at Tomorrow is actually provided by the partner behind-the-scenes. Solarisbank SE has a full German banking license and is therefore subject to the supervision of the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht, BaFin). You probably haven't heard about the company as Solarisbank SE doesn't provide end customers with banking services, but it does act as a banking platform for a lot of fintechs like Coinbase, Vivid and many others.

Is Tomorrow bank reliable and trustworthy?

Tomorrow bank is a fully licensed and regulated financial institution. Firstly, your funds are automatically protected up to the total amount of 100,000 Euros by the Federal Association of German Banks. Secondly, being Tomorrow's customer implies you are under the protection of the German consumer laws, which are notoriously pro-customer and strong on enforcing companies respecting customers' privacy. Thirdly, the neobank provides a wide array of security-enhancing features, like 3D Secure by Mastercard. Read more in this Solarisbank FAQ article.

What countries is Tomorrow available in?

The bank offers services to customers who are legal residents (not necessary citizens - so your residence permit will suffice) of any of the following 19 countries: Germany, Belgium, Estonia, Finland, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Austria, Portugal, Slovakia, Slovenia, Spain and Cyprus.

Does Tomorrow have a free bank account?

Unfortunately, all of Tomorrow's plans have a monthly subscription fee. However, the entry-level plan, Tomorrow Now, is only €3 per month and is definitely worth the small investment.

Can you open a joint bank account at Tomorrow?

Yes. However, the feature is only available to customers on higher-tier Change and Zero plans. You can easily open a joint account with just a few taps in your app. Both of you need a Tomorrow account, and at least one of you needs to have a Change or Zero account (meaning, it is possible to have the other person on the cheapest "Now" subscription).

How do I open a Tomorrow account?

Apart from the mobile app and a phone with a camera, you only need your ID card, passport or a residence permit issued by one of the supported countries. The verification is handled by a 3rd party called IDNow (also used by Austrian investment & savings app Bitpanda, for instance), and the whole process takes around 5 minutes to complete.

Is it possible to deposit cash into Tomorrow accounts?

Yes - you can do so quite easily, with just a few taps in the app (three dots below your balance -> "Deposit and Withdraw Cash" -> "Deposit Cash" -> Set an amount). Tomorrow supports cash deposits ranging from €50 to €1000, however, don't forget to take massive fees into account! Users on a paid subscription are charged 1,50% of the total amount, while "Free" customers would be charged 1,75% for each deposit.

Can I have multiple bank cards at Tomorrow?

Yes. Even though you can only activate one card per personal account, if you opt for Change or Zero subscriptions, you can make use of the shared banking feature by inviting your +1 to set up a joint account - this account is not only included in the subscription price, but it also provides an additional card for each of you.

Tomorrow bank has a unique style that's reflected in card designs.

Alternatives to Consider

Feel like Tomorrow does not satisfy your unique banking needs? Below, we'll provide our selection of top competitors that might be more suited for your specific circumstances and desires.

If you're looking for a powerful mobile-first bank with a full banking license that cares about sustainability and ethical investment practices, consider bunq bank from the Netherlands (we previously reviewed this neobank and gave it a high rating). Similar pricing and plan structure, 3 cards and up to 25 sub-accounts included in your monthly subscription, investing in stocks in-app and planting trees when you pay with your bunq card - does this sound enticing?

General Information

  • Deposit ProtectionUp to €100'000
  • Customer SupportChat, email
  • CurrenciesEUR, USD, GBP + 12

Bank Accounts

  • Individuals Free plan available
  • Businesses Starting at €6.99
  • Jointyes
  • Convenience & User-friendlinessStarStarStarStarStarStarStarStar half-fullStar emptyStar empty
  • Customer SupportStarStarStarStarStarStarStarStar emptyStar emptyStar empty
  • Features AvailableStarStarStarStarStarStarStarStarStarStar half-full
  • Value for MoneyStarStarStarStarStarStarStarStarStarStar half-full
  • Overall RatingStarStarStarStarStarStarStarStarStar half-fullStar empty

UK-based mobile banking behemoth Revolut does not need an introduction. Still, it is Europe's largest digital bank for a reason, and if the "green" focus is not a non-negotiable for you, Revolut might just be the bank for you.

General Information

  • Deposit ProtectionUp to £85'000
  • Customer SupportChat, email
  • Currencies30+ currencies

Bank Accounts

  • Individuals Free plan available
  • Businesses Free plan available
  • Jointyes
  • Convenience & User-friendlinessStarStarStarStarStarStarStarStarStarStar half-full
  • Customer SupportStarStarStarStarStarStarStarStar half-fullStar emptyStar empty
  • Features AvailableStarStarStarStarStarStarStarStarStar half-fullStar empty
  • Value for MoneyStarStarStarStarStarStarStarStarStar half-fullStar empty
  • Overall RatingStarStarStarStarStarStarStarStarStar half-fullStar empty

Lastly, if you value rapidly developing cutting-edge financial technology products, trust German quality and want to make your money work, Vivid Money is definitely a product you should look into. Oh, and it has absolutely stunning stainless steel bank cards, too.

Cashback rewardsMetal crypto cardMultiple sub-accountsShared accountsAutomatic savingsBank CardStocks & ETFsCryptocurrenciesPrecious Metals
  • Convenience & User-friendlinessStarStarStarStarStarStarStarStar half-fullStar emptyStar empty
  • Customer SupportStarStarStarStarStarStarStar half-fullStar emptyStar emptyStar empty
  • Features AvailableStarStarStarStarStarStarStar half-fullStar emptyStar emptyStar empty
  • Trading FeesStarStarStarStarStarStarStarStar half-fullStar emptyStar empty
  • Asset SelectionStarStarStarStarStarStarStarStarStar half-fullStar empty
  • Overall RatingStarStarStarStarStarStarStarStar half-fullStar emptyStar empty

Verdict: Tomorrow bank account - a solid choice?

Based on a combination of professional expertise, personal first-hand experience using the app, competitor comparison and an analysis of user reviews online, our final verdict is as follows. Tomorrow is a very solid choice if you value sustainability in banking. It is a very polished and coherent banking experience neatly packed in stylish, yet very functional and straightforward mobile apps.

Most users will be pleasantly surprised by Tomorrow app's features, such as "pockets" for budgeting and insights. If you’re currently deliberating between Tomorrow and bunq (Dutch fintech company and a neobank that also prides itself on their ethical investment and sustainability-first practices), it is worth noting that all of Tomorrow’s plans have its core "green" benefits available, whereas only bunq’s Easy Green plan (the highest-tier subscription) features the full "green" features package. Thus, if you do not intend to invest in a top-tier subscription just to ensure your actions are not actively having a negative impact on the environment, Tomorrow’s Now or Change plans might just be the right choice for you.

If you have concerns about the safety of your funds with Tomorrow bank, rest assured: your funds are well-protected and taken care of with this German bank. The credit balance of each Tomorrow customer is actually managed by Solarisbank in Berlin. Solarisbank holds a German banking license and is thus part of the deposit guarantee fund of the Federal Association of German Banks. Thanks to that, your funds are automatically protected up to the total amount of 100,000 Euros. This protection applies per customer per bank - in this case Solarisbank. In case you have several accounts with Solarisbank, the deposit protection applies to all your accounts in total. This corresponds to the standard for all European credit institutions.

In short, yes - you can trust Tomorrow bank; yes - you will get what you pay for; and yes - they do deeply care and make an effort to combat climate change. However, it is only up to you to say if it's the right choice that satisfies your unique banking needs. But hey, it's free to sign up for and you can cancel after your first month if it doesn't suit you, so why not give it a try?

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