Do you agree with N26's 4-star rating? Check out what I even referred some friends and family to open an account because the bank worked very well. N26 ist eine deutsche Direktbank, die sich auf die Kontoführung per Smartphone spezialisiert hat. Die Zahl im Namen ist auf die 26 einzelnen Würfel in einem. A quick review: N26 and Monese. N26, originally called Number 26, was founded in February and is currently headquartered in Berlin.
N26 (Direktbank)Want fast, flexible, and transparent banking? Meet N Open an account in 5 minutes and experience mobile banking the world loves. With 5 million customers. vielen Dank für deine Bewertung. Wir können dir versichern, dass wir uns als lizensierte Bank in Deutschland an die uns vorgegebenen Bankvorschriften halten. Do you agree with N26's 4-star rating? Check out what I even referred some friends and family to open an account because the bank worked very well.
N26 Bank Review Similar Posts VideoIs N26 the only (mobile) bank you'll ever need? Review after 7 months, with walkthrough Every time a different answer Jacks Or Better Slot given for the same problem. Nicholas is an experienced Finance Journalist who has written for a number of prominent online publications. Anonymous 8 months ago Reply.
You have control of exactly how much you can withdraw or spend each day. This feature can be found in both the smartphone and WebApp interfaces.
N26 automatically categorises many financial transactions. Use this information to see where your money is being spent. At any time, access a monthly overview to view charts that reveal your spending habits.
Using MoneyBeam, you can send money to someone else without their bank account details. In partnership with TransferWise, N26 provides the option to transfer money in a total of 19 currencies.
You can initiate TransferWise money transfers from within your smartphone app. Open a Spaces sub-account, to share amongst up to 10 people.
Acting as a joint account, your Space gives everyone the option to add and withdraw funds. It is only available to users with paid-for accounts.
All people sharing a space should be trusted to have access to the money. Each person will also need their own You or Metal account.
Account benefits include a choice of five different card colours, partner discounts and free overseas ATM withdrawals usually charged at 1.
It provides the benefits of N26 You, along with a metal Mastercard in a choice of three colours. Additional features include priority support to skip the queue, plus a travel insurance package and Lounge Key access for airports.
A standard N26 account is free to open and use. As a German bank, N26 is regulated by German financial authorities.
It does not offer FSCS protection. UK customers are protected up to a total of the equivalent of , Euros, through the German Deposit Scheme.
There are no N26 branches. Instead, you can contact customer support using their app or online banking. Live chat support is only available between 7am and 10pm.
N26 Metal account holders have access to priority support. An N26 bank account has all the essential features of any UK account. It includes an account number and sort code, can receive incoming payments and has Direct Debit functionality.
But, you may find it hard to use as your everyday account. If you plan to use this as your primary account, it makes sense to keep another one open.
Both types of accounts have three plans to choose from — Standard, You, and Metal. The more expensive your monthly plan is, the more perks you will receive.
For example, a premium account can give you a higher number of cash withdrawals per month, travel insurance, unlimited withdrawals in any currency, and a higher number of sub-accounts.
Tip: You cannot have both a personal and a business account with N You have to choose one. You can find a comparison of all of the accounts and their benefits on the N26 website.
Two additional benefits a business account has compared to the personal account are: cashback on all your purchases and the ability to download all of your transactions in an CSV and PDF format to help you out with your tax declarations.
Yes, N26 has a full banking license approved by BaFin. When N26 launched, it was partnered with Wirecard — a no longer existent German payment processor and financial service provider.
Additional reading : If you have not heard of Wirecard before, this New York Times article will bring you up to speed with the scandal surrounding this company.
N26 received its official banking license from the European Central Bank in This means that they cut all ties with Wirecard, which was limiting the services N26 could offer to their customers.
With this full banking license, N26 became a real bank in and it has slowly started working on its ambitious goals for the future.
Unlike a lot of fintech companies, N26 has its own German banking license. Part of these requirements is that your funds are covered up to Without an official banking license, most fintech companies cannot guarantee that your money is safe if they become insolvent.
N26 guarantees that they take security very seriously. All N26 accounts come with strong security measures that protect transactions and all in-app features.
Some of the security features N26 provides are:. I love N26! I highly recommend them due to their easy signup process, great customer service, and friendly app.
Plus, all their communication is in English, which makes it super easy for us expats to understand what is going on with our money and account.
As you probably read in this N26 bank review, not everything is super awesome. They do have their limitations like no shared account, you can only have one type of account with them, no credit card available, and a limited amount of cash withdrawals per month.
If any of the lacking features are super important to you, you can always open a bank account with a more advanced provider and use N26 as your secondary day-to-day account.
We even wrote a whole article comparing the best bank accounts for expats. Simple Germany helps expats start their new life in Germany. We scout for highly-rated, modern, and simple German services so expats can make an informed decision.
Even when you reach out to their customer service, they won't provide any reason. If you mind your bank closing your account anytime they want while you start looking for new bank and transferring all your information all over, please get a lasting bank, definitely not N Not a reliable bank long term.
There is no harm in carrying out compliance check, however, if you have found something wrong with a customer's account, I think you should be able mention the issue, if not, you can be accused of discriminating with interest in shutting down free accounts word on the street says this is the plan.
If you send a mail to a customer saying their account violated EU regulation without actually mentioning what the violation was, how can the client defend whether or not you are right?
A normal bank will flag your account and ask questions as to what happened, at least you know why your account is being cancelled.
How do I know if I am guilty of what you are accusing me of, if I don't know what exactly it is.
I messaged the the customer service and they were like they don't know the reason for the cancellation as well and there is no one they can ask.
Shouldn't the compliance team be involved? Transparency is needed. App full of bugs. Requires you to have notification settings on in order to verify payments.
Then, does not link up with iOS settings in order to turn on notifications. Then, when you finally reinstall app to be able to turn on notifications, the verification process doesn't work.
Then, as a final kick locks you out of the account for no reason I see customer support is super poor from reading other reviews to not sure what to do.
The most useless, aimless and scam organized bank in the world. Stay away from them!!!! They will steal all your money and close your account!!!
Not sure how many stars I should give this N26 bank. I give them 5 stars for being free, but 0 for customer support! The registration process was flawless.
However after I received my Debit card and put euro on the account I could not order a Maestro card and not see the debit card details in the app.
Android but also iOS. Contacted customer support over 6 times via chat. Very slow response. Took hours to get them understanding the issue.
But I am patient and persistent. Every time a different answer was given for the same problem. This did not work. Opening a new chat. Again had to open a new chat.
Waited 24 hours, but nope no Maestro card. Non of these solutions worked. They escalated my issue.
After a few days waiting for the 'expert' to solve my problem I get this solution: Please unpair the phone and delete the app The problem had already been resolved in the meantime because it was clearly a problem with the app and not with my device.
Customer support needs to get some proper training. Customer support needs become a hell of a lot better before I give this 5 stars.
I have a very bad experience. I even was not able to open the account, because I am Lithuanian. I use the N26 app every day and I like it on all fronts so far.
I waited a while with a review. I have no interest in the company or anything, but I think N26 is a very good bank with a great debit card that you can use to pay anywhere.
Rates are in all times more cheaper than you might expect. Referral code is: abdelmoe Then you will be led through the process of pairing by the app.
It is important to make sure that the phone number you entered in step one is correct, as you will be getting a four digit verification code. You can change your number later on, but if it was entered incorrectly, you will be stuck at this step.
Once verified, you are all but done. Just wait for your new MasterCard to be delivered, and you are on your way to using your new N26 account.
There are a lot of people out there who might not fully trust a bank that exists mostly in the internet. A bank without a physical presence might be a turn-off to some, but it does offer great services with little cost to its customers.
Clearly, N26 is going to be a good fit for younger people, and less attractive to older generations who are still digesting the idea of paperless billing.
The fees that N26 charges are almost non-existent for people. Even when cash is withdrawn abroad, N26 only charges 1.
The big upside is the lack of fees and predatory practices, as well as the built-in statistics which can make financial planning a whole lot easier.
If you need a way to track your personal spending, or are tired of all the fees associated with using the big banks, N26 is a real contender for your business.
N26 is fully integrated with the financial system, so creating an automatic monthly payment from your main bank account to your N26 account would be a snap.
In addition to removing any chance of fees on domestic activity, you would also be insulating your main bank account from identity theft.
N26 designed their platform to be a perfect fit for online transactions, which can be subject to risk of fraud.
It should be pretty clear by now that the non-tech savvy should steer clear of a platform like N The bank relies on the latest consumer technology to cut costs, which is a blessing for people who live with a smartphone attached to their body.
N26 also offers a suite of commonly used features, but lacks the depth of financial services that major banking interests like Barclays would have at their disposal.
As N26 points out, it is the only mobile bank that has a full banking license. Revolut also offers many of the same services that N26 does.
Last year it was granted a specialized banking license in Lithuania, which puts it into a similar category.
Besides N26 and Revolut there are a few other mobile platforms that offer similar functionality, with varying levels of depositor safety.
As mobile banking becomes more popular, there will probably be questions about whether or not it is safe to trust your money to new banks with radical ideas.
Because both N26 and Revolut are both licensed in the EU, they should offer similar deposit protection to any other bank.
Of course, the country where the bank is registered would have to make good an any deposit guarantees in the event of a problem with the bank, which may be a turn off to some people.
Getting your funds back from a business that is operating with a Lithuanian special banking license might not be a straight forward process.