Is it possible to save and invest directly in a smartphone?

Mobile banking applications have long been more than just basic tools for receiving and sending money, or for finding out the current account balance. I can do much more today. For example, invest and save.

In the Smart Bank survey, we focus on banking applications and their capabilities. Smart Bank 2020 is the sixth year of this popular poll. Based on the votes of readers, we evaluate the best banking applications according to their functions and features that they offer to their clients.

We are preparing a series of articles for the survey, which present the individual functions in more detail, so that we can give you a better decision on which one to vote for. This week’s theme is investing and saving.

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Savings directly in the application

Some banks also offer the creation of savings accounts for current accounts, using only the application. No need to go anywhere and sign contracts. Banks also offer the option of opening several savings accounts at the same time, which the client can name, for example, according to what the specific savings are used for.

The methods of saving can be different. For example, the client can set up a standing order in his internet banking, which will be repeated regularly. It is also possible to send money to savings accounts once. Some banks even offer the option of saving when paying in a store, when a certain percentage of the value of the purchase, or a fixed amount, is automatically transferred to a savings account.


We found out what it is like to save for current accounts in individual Slovak banks, whether it is possible to set up savings through the application and whether there are also any fees.

Which banks offer the option to open a savings account using the application?

Approximately half of banks offer the option to open a savings account with a current account. Tatra Bank mentions that a client can have a total of up to 15 savings accounts, the first gets to the current account automatically. Customers they can also open a savings account in the application with just a few clicks, there are up to 50 savings.

mSporenie v mBank it is possible to open via internet banking and also via the application. Clients can also use the application to open a classic savings account. It also offers the option of setting up a savings account in the application ČSOB a OTP bank. George od SLSP offers the opportunity to set up two types of savings, even for clients without a current account.

What type of savings can be set up through the app?

V Tatra bank The client can choose from three methods of saving – one-time payment, regular standing order and card savings with each payment. Clients have similar, practically the same savings options Automatic savings on payments is called snooping. Savings in ČSOB is a regular monthly savings, while the client determines the amount of the deposit and the length of savings. A one-time deposit is a matter of course. The same is true in OTP a SLSP.

What all savings-related tasks can be performed through the application?

UniCredit offers the option to make a transfer from or to an account. IN Tatra bank the client can set his own savings name, enter, change or cancel the method of savings and also the amount of savings. In the application it is possible to cancel the savings, completely manage and change the method and amount of savings. Savings in mBank the client can manage it completely through the application, including its cancellation.

Customers ČSOB they have the opportunity to monitor movements in the savings account and make transfers in the application. The application offers the same options OTP banks. George application from SLSP can make transfers to and from the savings account. It is possible to change the amount of savings and even suspend it. Savings for joy can also be canceled.

Are there any savings fees?

Savings in Tatra bank is free of charge as part of the Tatra Personal service package. Savings in is free of charge, including transfers or withdrawals. IN UniCredit the client has the option to withdraw or transfer money once a month free of charge, other transactions are charged, deposits to the account are free of charge. IN mBank all incoming payments and one outgoing interbank payment per month are free of charge. Additional outgoing payments are charged at 1 euro.

V ČSOB it is enough to observe the 35-day notice period for selection, in which case there are no fees. Management of a savings account in OTP bank is free, transfers of funds to and from the savings account are charged. Transfers made in the mobile application are free. SLSP has no savings fees.


Some Slovak banks offer, in addition to the possibility of opening a savings account, also a certain form of investment, which can be set up directly in the application. By investing, the client can achieve an interesting appreciation of their savings.


We asked the bank two basic questions in connection with this topic. Whether it is possible to establish some form of investment using the application and whether the investment is charged in any way.

In which banks is it possible to establish some form of investment using the application?

Currently, only three Slovak banks offer the opportunity to establish an investment using the application. Through the application Tatra Bank it is possible to open investment savings in mutual funds, including the establishment of an investment account. mBank offers its clients the mFondy service – investing in mutual funds.

Through the George application from SLSP, it is possible to open an asset account and obtain regular savings in funds. The purchase of shares and one-off investments is only possible in the desktop version.

Are there any fees for opening or maintaining an investment account?

Tatra Bank has no fees in connection with the establishment of an investment account. The account management fee is taken into account in the value of unit certificates and is currently in the amount of 0.12% pa of the value of unit certificates registered on it. mBank has a zero entry / exit / conversion fee set in all funds. IN SLSP is the establishment and maintenance of an investment account free of charge.

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