Neobank

Okay buddy, so imagine you've got a piggy bank at home where you keep all your money, right? A neobank is kind of like a piggy bank, but instead of having a physical bank with walls and a roof, it's just a bank on your computer or phone.

So just like how you put money in your piggy bank, you can put your money in a neobank. But unlike a regular bank with lots of rules and fees, a neobank is usually really simple and easy to use.

You can see your balance anytime you want, and you can use your money to buy things online or at the store. Some neobanks even give you special cards you can use to get cash from an ATM.

Plus, neobanks can sometimes offer better deals than regular banks. They might not have as many extra fees, and they might even give you interest on your money (which is like getting a little bit of extra money without doing anything!)

So basically, a neobank is like a really easy and convenient way to save and use your money without all the hassle of going to a regular bank.