N26 Review: Open Online Bank Account in N26 Countries

N26 is a popular online bank in Europe, offering a variety of services like Euro IBAN, N26 personal and business accounts, cryptocurrency trading, debit cards, and N26 insurance. This comprehensive N26 review will address most of your queries about the bank’s offerings and features.

Benefits of N26

• Anyone with legal residence in any European country is allowed to open a free European online bank account with N26.
• With N26 personal account or N26 business account, you can send, receive, and manage your money in one place via the N26 mobile app or the N26 website anytime and anywhere.
• N26 offers a free basic current account with a debit virtual card, instant money transfers, Euro IBAN, and no monthly fees.
• N26 allows you to buy and sell cryptocurrencies through its platform.
• Premium accounts offer additional features, such as travel insurance, airport lounge access, and higher ATM withdrawal limits.
• You can open a bank account in Germany without Schufa with N26 Flex account
• You can pay with your N26 Mastercard using Apple Pay, Google Pay, and make instant payments and transfers with MoneyBeam and Wise.

How to Open N26 Bank Account

To open an N26 bank account on the website or N26 app, choose your country and provide personal details like your full name, date of birth, address, and email. Verify your identity with a valid ID through the app or website. Depending on your country, a video identification process may be required. After approval, select your card and features, then fund your account through various options available. You need to have a mailing address in one of the countries where N26 operates for them to send you your Mastercard.

Please note that the documents required by N26 may vary based on the country. For instance, in some countries, you may be asked to provide a Passport or ID card, while in others, a Passport and European residence permit may be necessary. See required N26 documents by country below.

Open N26 account

How to deposit Money Into N26 Account

To add money to your N26 account, you have a variety of options available. You can use the N26 mobile app to transfer money from your other bank accounts directly to your N26 account, or receive payments or salaries through direct deposits. Additionally, you can top up your N26 account using debit or credit cards from other financial institutions. The N26 account is also compatible with popular payment platforms like Apple Pay and Google Pay, enabling you to receive money. Furthermore, you can use the MoneyBeam feature to request money.

How to Withdraw Money From N26

To withdraw money from your N26 account, you have several options available. First, you can use any ATM that accepts Mastercard and follow the usual steps to withdraw cash by inserting your N26 debit card and entering your PIN. Alternatively, if you are in Germany, Austria, Spain, or Greece, you can make use of Cash26 at partner retail stores. Simply generate a scannable barcode in the N26 app, show it to the cashier, and complete the transaction in-store. Additionally, you can transfer money from your N26 account to another bank account through the app’s “Transfer” section. Lastly, consider using mobile payment services like Apple Pay or Google Pay linked to your N26 account for contactless payments at supporting merchant

N26 Crypto

N26 Crypto is a feature exclusively available to eligible customers in Austria, Germany, Switzerland, Belgium, Portugal, and Ireland. You can access N26 Crypto under the new Trading section within the Finances tab of their N26 app. With N26 Crypto, you can trade cryptocurrencies directly within your N26 app, eliminating the need to set up a separate crypto wallet. When you purchase cryptocurrencies through N26 Crypto, your cryptocurrencies are stored in a custodial storage provided by Bitpanda.

It’s important to be aware that at the moment, you cannot send or receive cryptocurrencies to or from other crypto wallets using N26 Crypto. Additionally, there are transaction limits for N26 Crypto users, which include a €50,000 daily transaction limit for personal customers, a €100,000 daily transaction limit for business customers, and a maximum of 200 trades within 24 hours per user.

N26 Fees and Plans

N26 Crypto transactions are subject to a transaction fee of 1.5% for bitcoin and 2.5% for all other cryptocurrencies. The transaction fee and exchange rate for each purchase are displayed on the purchase and sell screens, so you can always review them before confirming a trade

N26 List of Countries

N26 is available in the following countries: Germany, Austria, Ireland, France, Spain, Italy, the Netherlands, Belgium, Portugal, Finland, Luxembourg, Slovenia, Estonia, Greece, Slovakia, Poland, Sweden, Denmark, Norway, Liechtenstein, and Iceland. Countries in the Eurozone where N26 is not available are Malta, Cyprus, Lithuania, and Latvia. With the UK now having left the European Union, N26 is unable to operate in the UK with its European banking license. As a result, N26 has left the UK and closed all accounts.

However, citizens of over 164 countries who resides in a N26 Bank supported country can open a N26 bank account. For example, if you are a citizen of Hong Kong, but you live in one of N26 supported countries, you are free to open a bank account with N26. You will only need to provide a proof of your residency permit, and verify your identity.

Is N26 Safe?

N26 is considered safe. As a licensed bank, N26 is regulated by the German financial authority BaFin, which is one of the most rigorous financial regulators globally, and is subject to strict security measures and regulations. They use advanced encryption technology to protect customer data and transactions. It provides features like biometric login and real-time transaction notifications to enhance security. Furthermore, N26’s customer deposits are fully insured by the German Deposit Guarantee Scheme (DGSV). This means that your money is protected up to €100,000 in the event that N26 fails.

N26 Required Documents

The following is a list of N26 accepted documents, such as N26 supported passports and IDs.

The most efficient method of N26 verification for you will depend on your country of residence and the type of ID you want to use to verify yourself.

Go to N26 website

N26 Alternatives

Several N26 alternatives are available for you to consider, but their availability may vary depending on your country of residence. They include the following:

• Revolut
• Monese
• Wise
• Bunq
• Monzo (UK only)