N26 is a digital bank that operates exclusively through a mobile app, offering a streamlined banking experience optimized for smartphones. Founded in 2013, this German-based fintech company has expanded its services across various European countries and has become known for its user-friendly interface and focus on providing a hassle-free banking experience.
As a fully licensed bank, N26 provides customers with features such as real-time transaction notifications, money management tools, and the ability to set spending limits and lock or unlock their N26 Mastercard through the app. Additionally, customers benefit from no-fee international transactions, the ability to send money instantly using MoneyBeam, and access to Spaces, which are sub-accounts for organizing finances.
N26 places a strong emphasis on security with features like fingerprint and face recognition for login, as well as 3D Secure for online payments. The bank also offers various plans, including a free standard account and premium options that provide additional perks such as travel insurance and higher ATM withdrawal limits abroad.
N26's mission is to make banking simple, flexible, and transparent for its customers. As a result, it has been embraced by a particularly tech-savvy, mobile-first generation that values the convenience and control offered by modern neobanks.
24/7 availability- anytime, anywhere
No matter where you are, at home or abroad, you can access your N26 account via the app, check your account balance, control your savings, get customer support, make payments and even freeze your debit card if needed. In addition, get real-time notifications every time you make a transaction, so there won’t be any surprises at the end of the month. No need to make appointments, stand in line and lose working hours to manage your finances.
Get approved fast
Opening an account with N26 is simple, with no lengthy paperwork. Just download the app, prove your identity, top up your account and you’re ready to go. N26 doesn’t require a copy of your credit history to approve your account, meaning you can open an account and get approved in minutes.
Lower fees
Another main reason to use N26 is the low (or no!) fees. N26 has no physical branches, therefore they can offer lower fees than traditional banks – especially when it comes to ATM withdrawals, money exchange/transfer and payments abroad. For example, N26 offers zero fees on all transactions, including purchases made overseas!
Makes traveling easier
N26 = borderless banking. Low/no exchange rates and low/no ATM withdrawal fees worldwide make traveling a whole lot easier (and cheaper) than with traditional banks- especially in the eurozone. And for added safety, freeze or unfreeze your debit card while you travel, directly in the app.
Go paperless
One of the frustrating things about traditional banks is the amount of documents, contracts and letters that are sent to your mailbox. With N26 everything you need is in the app and all communications are sent to your app or your email. Gone are the days of rummaging through piles of paper around your house – and protecting the environment is the cherry on top.
New 8 comparisons for N26
