Open a Free Bank Account in N26 Supported Countries

N26 has become one of the favorite banks for individuals in Europe. This is for many reasons, ranging from their user-friendly app to their useful integrations with international money transfer service, Transferwise, as well as their subsidized rates. It simply has become one of the easiest virtual banks you can use in European countries.

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.

The fact that everything can even be done remotely from the comfort of your couch makes N26 really easy considering the multitude of people having to visit a bank and sign many papers to open an account.

N26 for a Non-Euro Country

For residents of Poland, Sweden, Denmark, Norway, Iceland and Liechtenstein it’s possible to open a German bank account with N26. The bank account will have a German IBAN in Euros. This is great if you are often in the Eurozone for work or leisure. Besides, you can do this simply without being a resident in Germany.

N26 Countries

N26 supported countries are: Germany, Austria, Ireland, France, Spain, Italy, the Netherlands, Belgium, Portugal, Finland, Luxembourg, Slovenia, Estonia, Greece, Slovakia, Poland, Sweden, Denmark, Norway, Liechtenstein, Iceland, and the USA. Countries in the Eurozone where N26 is not available are Malta, Cyprus, Lithuania, and Latvia.

However, citizens of over 164 countries who reside in N26 Bank supported countries can open N26 bank account. For example, if you are a citizen of Hong Kong but you reside in one of N26 supported countries, you can easily open N26 bank account. You will need a proof of N26 country of residency permit.

We expect that N26 will also launch in Brazil soon. However, you can secure your spot on the waitlist now.

How to Open N26 Bank Account

To open N26 bank account, N26 will require you to provide necessary information such as:

• Name
• Date of birth
• Residential address
• Place of Birth
• Nationality
• Phone Number
• Mailing address
• Next, you’ll be asked a couple additional questions such as Gender, Job description, Tax residency and Tax ID number

Then accept their terms and conditions to proceed.

N26 Identity Verification

N26 ID verification is by a video call on the app or by visiting a German post office. If you don’t have a German address, you can snap your documents and upload. However, the documents required differ from one country to another. Here are the documents N26 require for different countries on the N26 app.

N26 List of Supported Documents

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

N26 Tax Information/ N26 Tax ID

The Organisation for Economic Co-operation and Development (OECD) requires certain tax information to be shared by means of the Common Reporting Standard (ECR). For N26 to carry out their legal obligations, the bank must establish which country you are taxable in. N26 does this through your tax ID or National Insurance number.

Link Your Account to N26 Bank App

Your phone will be required to do everything related to your N26 account from checking your account balance to transferring money. You can also block your card in case of theft or modify your security settings. Once you download N26 app, log in, and pair your phone. If you ever need to change the number you have used, contact the N26 support.

How to Fund Your N26 Account

It usually takes a few days for your N26 card to arrive by mail. However, you can start making use of your account by adding some money to your account. N26 funding is a simple process. You can transfer money to your N26 account using your current bank account or through Transferwise if you don’t have a Euro account.

Benefits of an N26 Account

Free N26 Card Withdrawals

Regardless of your location, there is no N26 cash withdrawal fee. Most banks will charge between $2 – $10 for a foreign ATM withdrawal.

Instant Notification of Transactions

You will be alerted on all transactions you’ve initiated or payments you’ve authorized or on any money going out and entering your account.

Locking Your N26 Card

You can easily block and unblock your card anytime using the app. You can also restrict transactions on the account if you suspect any activity on your account without your authorization

N26 Card PIN Reset

It is pretty straightforward to set up your card pin just as soon as you’ve paired your account with your device. Just select account from the app, go to card settings and choose change pin. It’s that easy!

N26 Currency conversion Rate

You can use your N26 card to withdraw other currencies besides Euro, N26 conversion rate is usually good, especially for freely convertible currencies.

Currency transfers can be done through Transferwise, although if you have to deal with many different currencies on a regular basis you might as well opt to open a dedicated Transferwise Borderless account.

How to Close N26 Account

It is possible to close 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 N26 account, your balance must be zero.