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.
N26 ranked #1 on Forbes’ list of the world’s best banks in 2021. It was rated the first best bank in Austria and Italy, the second-best bank in France, the fourth-best bank in Spain and 13th in Germany.
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.
Read also: N26 Business Account Review
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.
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 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.
Find out other crypto friendly banks
N26 Fees and Plans
|N26 Accounts||N26 Fees|
|N26 Business Standard||€0.00/month|
|N26 Business Smart||€4.90/month|
|N26 Business You||€9.90/month|
|N26 Business Metal||€16.90/month|
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.
N26 Brazil and N26 USA: N26 Brazil is currently on a waitlist. This means that you can sign up for the waitlist, but you will not be able to open an account immediately. N26 is not yet available in the US.
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.
|N26 Nationality||N26 Documents|
|N26 Algeria||Passport and European residence permit|
|N26 Angola||Passport and European residence permit|
|N26 Argentina||Passport and European residence permit|
|N26 Australia||Passport and European residence permit|
|N26 Austria||Passport or ID card|
|N26 Belgium||Passport or ID card|
|N26 Bosnia Herzegovina||Passport and European residence permit|
|N26 Brazil||Passport and European residence permit|
|N26 Bulgaria||Passport and European residence permit|
|N26 Canada||Passport and European residence permit|
|N26 China||Passport and European residence permit|
|N26 Hong Kong||Passport and European residence permit|
|N26 Macao||Passport and European residence permit|
|N26 Colombia||Passport and European residence permit|
|N26 Croatia||Passport or ID card|
|N26 Cyprus||Passport and European residence permit|
|N26 Czech Republic||Passport or ID card|
|N26 Denmark||Passport and European residence permit|
|N26 Egypt||Passport and European residence permit|
|N26 Estonia||Passport and European residence permit|
|N26 Finland||Passport or ID card|
|N26 France||Passport or ID card|
|N26 Germany||Passport or ID card|
|N26 Ghana||Passport and European residence permit|
|N26 Greece||Passport or ID card|
|N26 Hungary||Passport or ID card|
|N26 Iceland||Passport and European residence permit|
|N26 India||Passport and European residence permit|
|N26 Ireland||Passport or ID card|
|N26 Italy||Passport or ID card|
|N26 Japan||Passport and European residence permit|
|N26 Kazakhstan||Passport and European residence permit|
|N26 Latvia||Passport or ID card|
|N26 Liechtenstein||ID card only|
|N26 Lithuania||ID card only|
|N26 Luxembourg||Passport or ID card|
|N26 Malaysia||Passport and European residence permit|
|N26 Malawi||Passport and European residence permit|
|N26 Malta||Passport or ID card|
|N26 Mexico||Passport and European residence permit|
|N26 Morocco||Passport and European residence permit|
|N26 Netherlands||Passport or ID card|
|N26 New Zealand||Passport and European residence permit|
|N26 Nigeria||Passport and European residence permit|
|N26 Norway||Passport and European residence permit|
|N26 Peru||Passport and European residence permit|
|N26 Philippines||Passport and European residence permit|
|N26 Poland||Passport or ID card|
|N26 Portugal||Passport or ID card|
|N26 Romania||Passport and European residence permit|
|N26 Russia||Passport and European residence permit|
|N26 Serbia||Passport and European residence permit|
|N26 Singapore||Passport and European residence permit|
|N26 Slovakia||Passport or ID card|
|N26 Slovenia||Passport or ID card|
|N26 South Africa||Passport and European residence permit|
|N26 South Korea||Passport and European residence permit|
|N26 Spain||Passport or ID card|
|N26 Sweden||Passport or ID card|
|N26 Switzerland||Passport or ID card|
|N26 Thailand||Passport and European residence permit|
|N26 Turkey||Passport and European residence permit|
|N26 Ukraine||Passport and European residence permit|
|N26 USA||Passport or ID card|
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.
Several N26 alternatives are available for you to consider, but their availability may vary depending on your country of residence. They include the following:
What's N26? Is N26 a real bank?
N26 is an online bank that offers online banking services in Europe. It provides a range of banking products, including personal and business accounts, as well as features such as Euro IBAN, contactless debit cards, and the ability to buy and sell cryptocurrencies.
What are N26 account requirements?
First, you need to be at least 18 years old. Additionally, you must be a resident of one of the countries where N26 operates. A valid government-issued ID, like a passport or driver's license, is required for verification. Furthermore, having a compatible smartphone to access the N26 app is essential. You should also have a physical address within the country where you intend to open the account. Lastly, if you already have an existing N26 account in your name, you won't be able to open another one.
What are N26 supported currencies?
N26 accounts have a euro balance.
In which countries is N26 available?
N26 is available in Germany, Austria, Ireland, France, Spain, Italy, the Netherlands, Belgium, Portugal, Finland, Luxembourg, Slovenia, Estonia, Greece, Slovakia, Poland, Sweden, Denmark, Norway, Liechtenstein, and Iceland.
What languages does N26 support?
Currently, N26 supports these major European languages, these are German, English, French, Spanish, and Italian. These are the major languages in countries where N26 is available. However, Portuguese will be supported once it is fully operational in Brazil.
Is there N26 non resident accounts?
Currently, you can open an N26 Bank account if you are a resident of the EU or EEA. To do so, you'll need a valid mailing address to receive your Mastercard. If you are seeking a European non-resident account, you can explore the options available in this list of non-resident accounts.
How do I close N26 account?
It is possible to close the N26 account if you wish to do so. To close your N26 account, you should contact N26 via chat in N26 mobile application for the bank to help you with the process. To be able to successfully close a N26 account, your balance must be zero.
What's N26 tax information?
If you are a customer of N26 and you need to provide your tax ID and information to N26, you can do so through the N26 app or by contacting customer support. N26 is required under the applicable tax laws to collect tax relevant information from you to identify you for tax purposes.
What's N26 Flex?
N26 Flex is a credit requirement-free bank account in Germany, suitable for those who may not qualify for the N26 Standard account. It allows you to open an account without Schufa.
Does N26 work in UK?
No, N26 does not work in the UK anymore. N26 ceased to operate in the UK on April 15, 2023.