Launching a neobank sounds exciting, but what if you end up overspending?💰

You might have a clear goal and a features list, but when it comes to development costs, one developer says $30K, and another quotes $150 K

Confusing, right? 

This lack of clarity often leads to overpaying, delaying launch, or even building the wrong product.

In this blog, we’ll discuss the real cost of neobank app development, cost-saving tips, and key factors to consider when choosing a development partner. Let’s get started!

Why Start a Neobank App Today?

Nowadays, people prefer to manage their money through apps instead of visiting physical branches. The neobank app exactly offers this. In 2025, Neobank is on the way to reaching $4 trillion with a CAGR of 54.8%. 

Here are some other reasons why starting a neobank app today makes sense:

• Most people, especially Gen Z, prefer banking on their phones.
• New tech and cloud tools make launching a neobank faster and affordable.
• Freelancers, SMEs, and rural users need better digital banking.
• Neobanks can update and grow faster than traditional banks.
• Fintech is growing fast, and smart neobanks attract investors easily.

In simple terms, the market is growing, the demand is real, and the tools are ready. This is the perfect time to launch a neobank app and provide the easiest way of digital banking.

Want to know more about its development process? Check it out👉 How to start a neobank 

How Much Will It Cost to Build a Neobank App in 2025?

The neobank app development cost in 2025 can range between $50,000 to $300,000, depending on the app's complexity, platform, development team, and features. Let's look down the important aspects influencing the cost:

UI/UX Design App

A simple and user-friendly UI/UX design is crucial for keeping clients. Basic design work can range from $10,000 to $30,000, whereas a highly customized design with sophisticated animations and bespoke features can cost $50,000 or more. Prioritizing smooth user experiences and easy navigation can increase app performance and improve user happiness.

Features

The features you add to your neobank app have a direct impact on the final cost. Basic functions include user registration, balance checking, and easy transactions. However, advanced features such as real-time financial insights, payment gateway integration, biometric login, and tailored analytics can dramatically raise the cost. Adding powerful features can raise development costs from $50,000 to $300,000, depending on complexity.

Platform for applications

Choosing between a native iOS/Android software and a cross-platform app will affect the overall cost. Native apps must be developed separately for each platform, which can cost anywhere between $50,000 and $200,000 depending on complexity. Cross-platform solutions are often more cost-effective, and a fully working app can cost between $75,000 and $150,000.

App Complexity

The complexity of your neobank app is a key component in deciding costs. A basic app with minimal functionality such as account creation, transfers, and balance management can cost between $50,000 and $100,000. However, adding additional features such as AI-driven insights, multi-currency compatibility, blockchain connectivity, or real-time fraud detection will significantly increase the cost, pushing it to $250,000 or more.

Technology Stack

The technological stack you select (such as programming languages, frameworks, and databases) influences both development time and cost. Simple stacks like React Native or Kotlin may be less expensive, however cutting-edge technologies like blockchain or machine learning may increase the final cost by $50,000 to $100,000. The choice of tech stack affects both the functionality and scalability of your project.

Location of the Development Company

The location of your development company might make a big impact in pricing. Companies located in North America or Western Europe typically charge higher fees, ranging from $100 to $250 per hour. In comparison, organizations in Eastern Europe or Asia may charge $30 to $75 per hour, offering more inexpensive options while still producing high-quality work.

The size of the team

The size of your development team also influences costs. A larger team of front-end developers, back-end developers, UI/UX designers, and quality assurance testers will speed up development while increasing costs. Expect to pay $100,000 to $250,000 for a qualified team, depending on their skills and the scope of the project.

Maintenance Costs

Post-launch maintenance, such as bug fixes, upgrades, and security enhancements, is critical to the continued functioning of your neobank app. Maintenance costs typically range between 15-20% of the initial development cost per year. For example, a $100,000 app may have annual maintenance expenditures ranging from $15,000 to $20,000. 

Cost-Saving Tips for Developing a Neobank App

You don’t need a massive budget to build a neobank app. With the right approach, you can use a minimal amount while still providing a high-quality, secure, and user-friendly solution. Let’s look into some smart tips to save money:

✅ Build a Simple MVP First

Start small with an MVP (Minimum Viable Product). Focus on the key features, such as onboarding, KYC, wallet, and transactions. This helps you to launch quickly, test your idea, and avoid wasting money on features that users may not need now.

✅ Work with a Fintech-Experienced Team

Choose a development partner who understands the fintech industry. They handle security, compliance, and properly create a neobank app, which saves you time, rework, and legal issues.

👉 Need a fintech-focused dev team? Contact us

✅ Use Ready-Made APIs and Tools

While developing a neobank, use reliable third-party services for KYC, payments, and fraud detection to speed up development and reduce costs. You can also use custom-built features, which are secure and fast to integrate.

✅ Keep the Design Clean and User-Friendly

You don’t need flashy animations or complex designs in your neobank app. Go for a simple, clean interface that users can navigate easily. It saves design time, cost, and gives users a better experience.

✅ Choose Cloud Hosting

Apply cloud platforms like AWS or Google Cloud. They’re affordable, customizable, and offer a startup-friendly option. You’ll only pay for what you use, and you don’t need to handle servers.

✅ Avoid Shortcuts That Cause Trouble Later

Low-cost code or quick fixes may save money at first, but they will cost more in the long term. Create a strong foundation for your project by starting with clean, modular code.

✅ Plan for Support and Updates

After your Neobank app goes live, you’ll still need to fix bugs, add updates, and keep it secure. Make sure to plan for these costs early, so there are no surprises later.

By making smart choices early, you can launch a high-quality neobank app without overspending. It’s all about building smart, not big.

Neobank App Development Cost in India

The cost of creating a neobank app in India normally ranges between INR 15 Lakhs and 50 Lakhs. The actual cost varies depending on app complexity, design, features, technology stack, and the development team's experience.

A basic software with important functionality like account management, financial transfers, and real-time notifications might cost between INR 12 Lakhs and 15 Lakhs. On the other hand, a more sophisticated software that includes features like expense analytics, multi-currency compatibility, AI-powered chatbots, and third-party API connections might cost INR 40 to 50 Lakhs or more.

Fast approaches, pre-built solutions, and selecting an experienced development team can all help reduce costs. While the investment may appear large, a feature-rich neobank app has enormous potential for scalability and long-term benefits in the thriving fintech sector. 

Conclusion 

The cost of neobank app development in 2025 is likely to remain competitive, particularly in India, as technological developments promote efficiency in the development process. While basic banking apps will likely cost between $18,000 and $25,000, more advanced systems that use AI, blockchain, and personalized financial tools may cost $50,000 to $80,000 or more.

To compete in the fintech sector, firms must invest in apps that deliver flawless user experiences, strong security, and creative features suited to client requirements. Partnering with an experienced development team ensures a cost-effective approach that produces high-quality solutions.

Hashcodex is a top neobank app development company that provides cutting-edge solutions based on your individual needs. With a track record of fintech innovation, we assist you in developing scalable, secure, and feature-rich neobank apps to match the demands of tomorrow's digital banking market.