# CloudBank247 vs Newtek Mobile Banking

The clearest difference is rating: CloudBank247 at 5.0 against Newtek Mobile Banking's 4.6. Newtek Mobile Banking's advantage is ratings volume (495 vs 2) and monetization model (free vs ad-supported). On price, update cadence, ads and in-app purchases there is nothing between them.

Both are free to download. Neither carries in-app purchases, so what you see is what you pay.

CloudBank247 holds the better App Store score, 5.0 against 4.6. That said, the two scores are not equally well evidenced: Newtek Mobile Banking has 495 ratings behind it against 2, so its average is the more settled of the two.

CloudBank247 ships an update monthly, Newtek Mobile Banking every 6 weeks. The most recent releases landed on November 2, 2026 and November 7, 2026 respectively.

## The numbers

| Metric | CloudBank247 | Newtek Mobile Banking |
| --- | --- | --- |
| Price | Free | Free |
| Rating | **[5.0 (2 ratings)](https://appshunter.io/ios/app/cloudbank247/id1438688529/reviews)** | [4.6 (495 ratings)](https://appshunter.io/ios/app/newtek-mobile-banking/id1632279512/reviews) |
| Number of ratings | 2 | **495** |
| Positive reviews | — | 22.2% of reviews |
| In-app purchases | No | No |
| Ads | No | No |
| Update frequency | **Monthly** | Every 6 weeks |
| Monetization | Ad-supported | **Free** |
| Size | 159 MB | 199 MB |
| Requires iOS | 18.4 | **15.5** |
| Devices | iPhone, iPad | iPhone, iPod |
| Age rating | 12+ | 4+ |
| Developer | [Third Coast Bank](https://appshunter.io/developer/925030980) | [Newtek Technology Solutions, Inc](https://appshunter.io/developer/1632279514) |

## What reviewers say

### CloudBank247

[App page](https://appshunter.io/ios/app/cloudbank247/id1438688529)

Aggregate all your financial accounts into a single, secure view. Organize transactions, set alerts, transfer funds, and deposit checks with ease. Manage your finances efficiently with tools for statements, card services, and branch location.

**Highlights:** Aggregate financial accounts, Organize transactions with tags and notes, Set balance alerts, Transfer money between accounts, Mobile check deposit, Debit card management, View monthly statements

**Features:** Apple Wallet

**In-app purchases:** none


### Newtek Mobile Banking

[App page](https://appshunter.io/ios/app/newtek-mobile-banking/id1632279512)

Manage your business finances on the go with secure fingerprint and face ID login. Track balances, review transactions, transfer funds, and deposit checks using your device's camera.

**Highlights:** Fingerprint and face ID recognition, Account balance tracking, Financial statement review, Inter-account cash transfers, Mobile check deposits, Transaction history review

**Features:** macOS Compatibility, Apple Wallet, Vision Pro support

**In-app purchases:** none

**What reviewers like**

- 👍 User-friendly app and website
- ✨ High interest rates
- 🚀 Works great with linked accounts
- 🌟 Minimalist application dream
- 💯 Add free

**What reviewers complain about**

- ⏳ Extremely long transfer times
- 🚫 Deposits refused for being too large
- 😠 Poor customer service
- 🔒 Sketchy terms and consent requirements
- 🗓️ Confusing transfer scheduling interface

**Reported bugs**

- Account not shut down after repeated attempts
- Transfer requests need to be redone due to date issues
- Code not sending to email for verification

**Requested features**

- Allow same-day transfers
- Provide a 'Try Another Way' option for codes
- Allow users to save or email terms and agreements
- Improve transfer speed to be instantaneous
- Simplify transfer scheduling interface


## Frequently asked questions

### Is CloudBank247 free?

CloudBank247 is free to download, with no in-app purchases.

### Is Newtek Mobile Banking free?

Newtek Mobile Banking is free to download, with no in-app purchases.

### Which has better reviews, CloudBank247 or Newtek Mobile Banking?

CloudBank247 is rated higher. CloudBank247 averages 5.0 out of 5 from 2 ratings, while Newtek Mobile Banking averages 4.6 from 495 ratings.

### Do CloudBank247 or Newtek Mobile Banking have ads?

Neither CloudBank247 nor Newtek Mobile Banking shows ads.

### Which is updated more often, CloudBank247 or Newtek Mobile Banking?

CloudBank247 ships an update monthly, and Newtek Mobile Banking every 6 weeks. Most recently, CloudBank247 was updated on November 2, 2026 and Newtek Mobile Banking on November 7, 2026.

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*Compared by [AppsHunter](https://appshunter.io/) from daily US App Store data. Review summaries are generated from verbatim App Store reviews.*