That's cool. Business accounts aswell? CU's seem much more developed in the US. I think if you were to look at the three things I mentioned - online, non profit and open source, non profit is the one I think is least differentiable if that makes any sense. I think an online open source bank is the real innovative part, not the non profit part.

Yes, my business account as well.

I love open source software, but from a bank...I just want them to give me a good deal and be helpful.

interesting. Why would you be against an open source bank? Would you agree that banks aren't exactly cutting edge? If so, wouldn't it be better if they were? (More features, easier experience)? Thanks :)

Most businesses are probably running the majority of their banking through banking software -- so long as the bank integrates with their package of choice (Peachtree, etc), most won't care beyond basic friendly business banking practices.

Banks are not cutting edge in general, at least not in the US. If you look at other markets, like Europe, they adopted a lot of technology must faster than US banks: two-factor auth tokens, sending money via SMS, for example.

My bank here in Italy has a pretty good web interface, and very easy money transfers with IBAN. Other than that though, I prefer the low fees in the US.

Most credit unions in the US are, but I think situation outside of the US isn't the same. Europe doesn't have credit union alliances like - http://www.allianceone.coop

Same basic idea for my credit union in the Atlanta area. Sure nationwide banks have better mobile apps and on-line features, more branches, and are not regional... but my credit union is still usable as a bank.

I think if you were to look at the three things I mentioned - online, non profit and open source, non profit is the one I think is least differentiable if that makes any sense. I think an online open source bank is the real innovative part, not the non profit part. So I'm not trying to be an alternative to credit unions, I'd prefer to be an option for 20 something year olds who spend most of their life online who want to bank online with a bank that's different to other banks. Not sure CU's have the best online systems (have experience in this)