Currently banks have full control over your funds, which clearly is a 100% centralized solution. A bank account requires authorization from a middleman (the bank itself) to carry out certain transactions and to open an account in the first place.
In addition to that, banks also have restrictions on certain holidays, on transactions between different countries or even organizations and they put limits on daily operations (daily withdrawal limits, limiting the number of transactions, etc.)
Traditional bank accounts only allow storing and sending/receiving fiat money like Euros, Dollars, Pesos, etc.
In a digital wallet – which is made to store and send cryptocurrencies like Safe Haven ($SHA), VeChain ($VET), Bitcoin ($BTC), Ethereum ($ETH) and many more – you have full control over your assets that are stored.
With a digital wallet you’re able to send/receive any type of transaction around the world in a matter of seconds, without the authorization or intervention of a bank or any other third party or governments. All you need is a mobile or desktop device with an internet connection.
This is perhaps the main difference that allows us to distinguish a digital wallet from a bank account: you are in full control.