An N26 bank account is a free, password-protected "online banking deposit account" that you can open from your smartphone or computer in a few minutes. Depositing cash or transferring money from another account is possible any time and as frequently as you prefer.
In addition to withdrawing money at an ATM, transferring funds to other accounts, and using its accompanying MasterCard debit card, you can also spend money using this account. This is all made possible because of the unique IBAN (International Bank Account Number) assigned on your N26 bank account.
In a nutshell, your N26 account functions as your everyday bank account where you can deposit, withdraw, transfer and spend money like you do with a traditional bank, but better, easier and from anywhere.
Opening an account is very easy. Just ready your smartphone, identification cards and an internet connection and you're on your way to signing up an account. Simply follow these steps:
Yes. You can apply for a MasterCard after you complete your sign-up process and will have it delivered to your address not later than 15 business days. You can use your N26 debit card to withdraw money from any ATMs that accepts MasterCard and purchase from merchants worldwide that accepts MasterCard. Your N26 card will also have all the security feature of the usual MasterCard such as a CVV and a unique card number. Remember that it is not a credit card but a debit card. Every amount you spend using it will automatically debit the funds in your N26 account.
Here are the different types of N26 accounts:
Standard Account: A N26 Standard account is a safe, spontaneous and easy-to-use digital current account that you can open in minutes using your smartphone. It is easy and straightforward with functions that allow you to send, receive and spend money with ease and confidence. You can open an N26 Standard account for free, therefore providing you a perfect and affordable solution for all your financial needs. It comes with a virtual and physical N26 MasterCard.
Premium Accounts: These are the plans that comes with a monthly fee and are classified as "N26 Metal", "N26 You" and "N26 Smart".
N26 Metal comes with a €16.90 monthly fee and an array of features like: an 18-gram metal MasterCard, medical, trip, flight, luggage insurance and pandemic travel coverage. It also offers lifestyle insurance coverage for mobility, winter sports accidents, car rental and phone theft and damages.
N26 You comes with a €9.90 monthly fee and various features like N26 Metal except for car rental and phone insurance.
N26 Smart comes with a monthly fee of €4.90. It has similar features as N26 Metal and N26 You except for unlimited free withdrawals, and has no medical, travel and lifestyle insurance coverage.
All premium accounts have additional features such as: “Spaces” and “Shared Spaces”. These are tools that can help you organize your finances better and invite others to manage funds together.
N26 Business Account: N26 Business accounts are created for freelancers, entrepreneurs or the self-employed who conducts business using their government-registered business name.
The usual requirement to validate identity is a Passport ID. For citizens from countries not included in the list given above but currently residing in the countries where N26 operates, you need to present a European residence permit.
Here are the benefits of having an N26 Account:
In case you decide to close your N26 account, you can easily do so. You may contact N26 customer service via the N26 mobile application for help in closing your N26 account. Take note that the balance on your N26 account must be zero before you can proceed in closing it.