N26 business account is a free digital bank account with travel insurance for self-employed and freelancers only from N26 bank. N26 boasts to be an intelligent business account. You get to enjoy 0.1% cashback on all card purchases. You can easily manage and track your business finances using N26 business account from the N26 app.
What’s Special About N26 Business Account
- Free to open an account and free Mastercard virtual debit card.
- No minimum deposit.
- You can send or receive payments instantly through SEPA Instant Credit or MoneyBeam and spend with Apple Pay or Google Pay on your smartphone.
- Zero foreign currency fees and free ATM withdrawals abroad.
Contents
- 1 Requirements to Open N26 Business Account
- 2 How N26 Business Account Works
- 3 N26 Business Account Features
- 4 N26 Types of Business Accounts
- 5 N26 Supported Countries
- 6 N26 Supported Languages
- 7 N26 Customer Support
- 8 Is N26 Business Account Safe?
- 9 N26 Business Account Alternative
- 10 N26 Business Account Summary
Requirements to Open N26 Business Account
To open N26 business account, you need to have met the following requirements:
- Your business must be operating under your name
- You live in a country where N26 is supported
- You must not have an existing N26 account (You can’t open N26 personal account and N26 business account at the same time)
- You are opening the account primarily for business use
Since the N26 Business account is designed for self-employed and freelance users doing business under their own name, you can’t have your company’s name on the account or card.
How N26 Business Account Works
N26 business works like its competitor business accounts. To use N26 business account, you need to sign up for an account. You can sign up for an account through the web or app. To sign up through the app, you need to download N26 app on App Store or Google Play.
Once you have signed up for an account, N26 will send you a debit MasterCard debit. Customers in Netherlands, Austria and Germany are eligible for Maestro Card. You can use the app to manage your finances.
N26 Business Account Features
You can enjoy the following benefits using N26 business account.
- MasterCard. When you open N26 business account, you get a free business MasterCard. It is ideal for businesses and freelancers. The card will have your name.
- Cashback on card purchases. Any time you use N26 business card for purchases, you get 0.1% cashback.
- Notifications. For every transaction in your N26 business account, you get a notification through the app. This helps you to manage your business finances. The app will then categorize your transactions into categories and this will help you track your spending.
- Free ATM withdrawals. N26 business offers free ATM withdrawals in Euros. Currently, N26 is only available in Europe and customers get free ATM withdrawals.
N26 ranks #1 on Forbes’ list of the world’s best banks in 2021. It is 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.
N26 Types of Business Accounts
You can open three types of business accounts with N26. They include:
N26 Business Standard Account (Free)
N26 Business Standard account offers the following features:
- Comes with a free debit MasterCard and virtual card to spend in stores and online
- Free 3 ATM withdrawals in the Eurozone
- 0.1% cashback on all card purchases
- Easily manage your finances under one app
- Free bank transfers with N26 MoneyBeam and SEPA instant credit transfers
N26 Business Smart (€4.90/Month)
N26 Business Smart account offers the following features:
- Comes with a free debit MasterCard for online and contactless payments
- You can get an extra debit MasterCard
- 0.1% cashback on all card purchases
- Free 5 ATM withdrawals in the Eurozone
- Free and unlimited payments worldwide
- 10 spaces sub-accounts you can use to save together with others
N26 Business You (€9.90/Month)
N26 Business You account offers the following features:
- Comes with a free debit MasterCard for online and contactless payments
- You can get an extra debit MasterCard
- 0.1% cashback on all card purchases
- Free and unlimited payments worldwide
- Medical travel, flight, pandemic coverage and trip insurance
- 10 spaces sub-accounts you can use to save together with others
N26 Business Metal (€16.90/Month)
N26 Business Metal account offers the following features:
- 18-gram metal card accepted worldwide and supports mobile and contactless payments
- 0.5% cashback on all card purchases
- Free payments worldwide in any currency
- Up to 8 free withdrawals in the Eurozone
- Unlimited free cash withdrawals
- Medical travel, trip, flight insurance and pandemic travel coverage
- Phone insurance of up to 1,000 euros
- Compensation of up to 10,000 euros in the vent that a trip is canceled
N26 Supported Countries
N26 is supported in the following countries: Austria, Belgium, Norway, Poland, Liechtenstein, Luxembourg, the Netherlands, Portugal, Slovakia, Slovenia, Denmark, Estonia, Finland, France (not available for residents in the DOM/TOM), Germany, Greece, Iceland, Ireland, Italy, Spain, Sweden and Switzerland.
N26 will no longer be available to customers in the US after January 18, 2022. The bank has decided to mainly focus on its European business. All US accounts will be closed.
N26 Supported Languages
N26 has multilingual customer support available in the following languages English, German, French, Italian, and Spanish.
N26 Customer Support
N26 has responsive customer support 24/7. The customer support is available in French, English, Italian, Spanish and German. You can reach N26 customers through the live chat on their app or call them through their priority support hotline available for premium customers.
Is N26 Business Account Safe?
N26 is a safe and secure digital bank. N26 is fully licensed by the European Central Bank. You also get up to 100,000 deposit protection by the German Deposit Protection Scheme. Also, all your online payments are secured using 3D security technology. N26 also uses two-factor authentication for secure log in to your account.
N26 Business Account Alternative
You can open a business account with these other digital banks.
- Wise Business Account
- Revolut Business Account
- Monese Business Account (for UK registered companies)
N26 Business Account Summary
N26 is an excellent digital bank for self-employed and freelancers. Your business must be operating using your personal name. You must not have a personal account with N26 to open a business account. You can open a business account if you are within N26 supported countries.
