At this moment this bank is pretty much the best you can get and that too completely for free. A free inside look at company reviews and salaries posted anonymously by employees. Part of these requirements is that your funds are covered up to 100.000 euros. TLDR: N26 is a 100% online bank, with great customer service available including on weekends, and a super-easy signup process; all of this is in English! It has more than 3 million customers and has recently launched in the US, too. They offer similar features to N26. Tip: You cannot have both a personal and a business account with N26. After that, you pay 2€ per withdrawal1. Modern banking companies, a.k.a. N26 is a digital bank started in 2013, making it one of the oldest digital banks. Sub-accounts in N26 allow you to put money aside from your main account to save for whatever purpose you need. With this full banking license, N26 became a real bank in 2016 and it has slowly started working on its ambitious goals for the future. You can even add custom tags (e.g. Therefore, you might find that you won’t be able to pay with it everywhere in Germany. You can opt out of all tracking, or read the privacy policy. I love N26! Simple Germany helps expats start their new life in Germany. The app normally works well, but those bugs can be very frustrating. There are no transaction fees and no currency conversion fees. The default card you get from N26 is a Mastercard debit card. After 4 weeks no card, tried to get someone to talk to (practically impossible) and found out that my address on their books was in Germany (I live in Spain) and according to them I used a VPN ??? Your bank account is ready to roll! With N26, I haven't paid ATM fees in 4 years. 202 N26 reviews in Berlin, Germany. Impressum. The cool thing is, N26 allows you to add your card details to Apple and Google Pay even before your card arrives. Other banks have the same problem, but you can always go to a local branch. Germany only: withdraw and deposit cash for free at any of N26’s approx. You pay the real exchange rate1. N26 has integrated Transferwise into their app. As expats, we sometimes need to send money back home. The N26 app has lots of nifty features that make it easier to budget and save money. So my choices were very limited. Some passport types are not supported. N26 has improved a lot since 2016, so I had to rewrite this entire review. If any of the lacking features are super important to you, you can always open a bank account with a more advanced provider and use N26 as your secondary day-to-day account. You have to choose one. This means that if you apply for an overdraft facility, the bank will check your credit score from the credit rating agency SCHUFA and make a … However, they are specialized in mobile banking using a smartphone. I can use any ATM, even the sketchy ones in Spätis and U-Bahn stations. The post office does not support all passport types either1, 2, 3. N26 is a modern mobile German bank that offers their services 100% in English with an easy signup process and friendly mobile and web applications. When everything goes well, you can open an account in 10 minutes. N26’s future plans include more features like investment, savings, credit, and insurance. We are happy to help. Think carefully about whether you want to take that risk when you are selecting a bank. Privacy policy • N26 received its official banking license from the European Central Bank in 2016. N26 offers an overdraft facility up to €2000, however, it is only open to customers with a residence registered in Germany and depends on the credit score. Jen’s mission is to help fellow expats beat bureaucracy and to have a smooth time while they settle into their new life in Germany. From the signup process to the handling of all of your transactions. The N26 app works well in general, but it has bugs. The biggest negative is the slow customer support and the occasional bugs in the app. Simple to use, fast, accurate, honest and free. You can open a personal or business account with N26. 2017-12-13: Corrected some facts, adjusted some parts to match my current opinion. Luckily, you can manually request a Maestro EC card through the N26 app. I had to sit personally with my assigned account manager, the process took 45 minutes, and all of this during my lunch break. N26 has app-based, so you control your accounts from your smartphone. You can also get the travel card to pay less fees and get free travel insurance. This means that they cut all ties with Wirecard, which was limiting the services N26 could offer to their customers. You can open an account from anywhere in the world. This is how you obtain a Schufa-Auskunft for free, © 2021 All About Berlin • If you need a bank account right now, it's very annoying. All plans get you a free Mastercard debit card, have limited free cash withdrawals a month, and give you a set number of sub-accounts to help you save for your projects.Although N26 offers personal and business accounts, you can only have one account type with them. If you just moved to Germany, N26 is a good bank to start with. You don't need an Anmeldung, and you don't need to speak German. N26 offers no easy way to deposit cash in your account. Unique features include: * Large ATM network. When I first arrived in Germany, modern and online banks were not a thing. Sometimes, the app doesn't let you approve a transfer. In 2016, I switched to N26. Better to go with a bank that will actually help you when things go wrong. Last year, I wrote the most comprehensive N26 review on the Internet, which has since been read by tens of thousands of travelers, digital nomads and online banking enthusiasts from every corner of the world. Most German banks charge 5-7€ to use another bank's ATM. Many readers had problems when verifying their ID, or had to wait a long time for their new card. They offer pretty much the same services as a traditional bank does. All N26 accounts come with strong security measures that protect transactions and all in-app features. N26 is a banking and financial technology start-up based in Berlin, Germany. Disclaimer: Simple Germany refers to helpful services and does not provide a complete market overview. You can open an account online, in as little as eight minutes. N26 Bank alternatives N26 vs Revolut. N26 is a digital-only current account, with a modern banking app that shows spending insights and gives you control your finances. If N26 doesn't support your passport, bunq supports more passport types. The fees are low, and the N26 app is also pretty cool (especially the push notifications and the spaces). These include automatic spending categorisation and a daily spend figure to help you manage your money, customisable withdrawal limits and Spaces to help you save for a goal. If you want to invest your money, get a fancy credit card or get a mortgage, you need a traditional bank. The N26 MasterCard is amazing for travelling. Terms and Conditions • A few days later, you receive your bank card in the mail. If you don't speak German, N26 is one of the best options. You will never need to go to a bank. Most German banks with branches have super weird opening hours, which makes it almost impossible to reach them or to go there in person to handle simple things. I wanted to leave like Commerzbank, because they charged fees for everything. And the best part? This means that you cannot have a shared account with your partner. You also get a push notification for every transaction. If you look at their price list, almost everything is free. Twitter • N26 offers very good benefits, commission-free withdrawals and free SEPA wire transfers, you can send money between N26 accounts immediately and the credit card comes home for free, within days, the card is a MasterCard. The information provided on this blog is based on our own experience and in-depth research. N26 Customer reviews. 158 N26 reviews in Berlin, Germany. In Germany, you often need to pay with cash, so you will have a lot of coins at home. N26 guarantees that they take security very seriously. It comes with a free MasterCard and a free Maestro card. We scout for highly-rated, modern, and simple German services so expats can make an informed decision. Some only accept the famous EC Card (EC Karte) or girocard. Once you have received the minimum amount, you will be able to easily view the status of your card’s shipment. If you don’t plan your cash withdrawals properly, you might end up paying for getting cash from the ATMs in the Eurozone with N26, no matter if you have a premium account. Its operations in the United Kingdom have been suspended since April 2020 due to the uncertainties caused by Brexit. Best bank I have ever used. I am overall very satisfied with the experience. Unfortunately, you cannot register a personal and business account with N26. Set and change daily spend/withdrawal limits, reset your PIN, lock or unlock your card and enable or disable online or foreign payments. 2018-08-01: Corrected section about supported countries. Share. If you just moved to Germany, N26 is a good bank to start with. It doesn't show any error; the "confirm" button just doesn't work. Transferwise is up to five times cheaper than sending money through a bank. N26 is great for everyday banking, but it offers very limited investing options. History. Many banks let you open an account without an Anmeldung. My paycheque is deposited on my N26 account. You can do a N26 review of your own and see for yourself if you are satisfied with the base offering. I use them to improve the website. N26 is still the only German bank that operates 100% in English. Here is a list of things I personally don’t really like about N26. They use the real exchange rate provided by Mastercard for your transactions. ... How Safe is N26? Jobs. It launched in the United States in July 2019, has 3.5 million customers across Europe, and the waitlist for the U.S. launch contained over 100,000 names. The standard N26 account is free. We’ve received over 5,000 5-star reviews in Google’s Play Store and Apple’s App Store, as well as thousands of suggestions from our customers. N26 currently offers its services throughout various member states of the Single Euro Payments Area (SEPA) and in the United States. It doesn't always go well. I won't be at home on 1/1/2021 but I would like to know as I ordered the standard delivery and what if they deliver this Friday and im not there and I have to request them to send again and it's troublesome. Their original name was Number 26 Bank, which was changed to just N26 in 2016. All About Berlin collects statistics about visitors. You have to choose one and stick with it. Compare this to opening a bank account in a traditional German bank. Launched in 2013 and headquartered in Germany, N26 is a challenger banking app that allows you to access everyday banking services at the click of a button. Online banks have their disadvantages, and N26 itself has. Free standard account, which is more than enough for most people. I love not having to deal with letters or any other sort of paperwork! We even wrote a whole article comparing the best bank accounts for expats. N26 review - N26 bank card sample Now that is great customer service! 2019-11-25: Rewrote the entire article to be easier to read, and to match my current experience. This is why I also have an account at Commerzbank. You can always easily upgrade if you want to. If your phone is lost or stolen, you can't pay the rent. Read on … So … If you can't open an N26 account with your passport, bunq supports more passport types. That sucks. Bank N26 Review: The Complete Guide Thanks to the internet, it is now possible to open a bank account in Europe without ever leaving the comfort of your couch at home. The N26 support is not that good. The N26 app offers an easy way to get an overview of your expenses to be able to check where all your money actually goes. With N26 your deposits are guaranteed by the European Deposit Guarantee Scheme up to €100,000. Yes, N26 holds a banking license issued by BaFin, the Federal Financial Supervisory Authority in Germany. The fees are low, and the N26 app is also pretty cool (especially the push notifications and the spaces). N26 is not the only bank to offer those benefits. No withdrawal fees, no account fees, no credit card fees. I’m so happy I opened an account with N26. If this guide helped you, consider making a donation. When you first open your account, you will need to send a minimum of 10€ to your N26 account for them to send your Mastercard. You might also prefer a traditional bank like Sparkasse or Deutsche Bank. You open the app, start a video chat, take pictures of your document and you are done. N26 Reviews Since we launched N26 in 2013, we’ve always listened to your reviews and comments in order to deliver an even better product for our 5 million customers across 25 countries. With N26, you get 5 free withdrawals every month1. With no physical branches, everything at N26 is facilitated via your mobile phone. to apply. Some of the security features N26 provides are: You can read in detail all of N26’s security measures on their website. Without an official banking license, most fintech companies cannot guarantee that your money is safe if they become insolvent. They provide personal and business accounts. You get your credit card only a few days later. There are also a few things I dislike with N26. N26 Review Germany: which account should you consider? Simply open the app on your phone, go to CASH26, choose deposit or withdraw, have the cashier scan the barcode the app generated and take or deposit your money. September 17, 2019 by How I Travel Leave a Comment. If N26 is not for you, take a look at DKB or ING. N26 is a regulated bank (in Germany) so you can reasonably expect there are some important safeguards. N26 Bank's closest competitor … Then waiting for the card. Shared accounts and credit cards are not available. If you want to get rid of your coins, you must go to the Bundesbank. If you want to transfer money from the desktop website, you must confirm the transfer on your phone. N26 What a headache N26, sounds good is bad. N26 was founded in 2014 in Berlin, Germany, and is Europe’s fastest-growing mobile bank. N26 doesn't need that. With Commerzbank, I had to take the train from Pankow to Charlottenburg just to sign some papers at my old branch. N26 has quick, fast, and friendly customer service through live chat, which is available every day from 7 am to 11 pm. Jen is originally from Guatemala and moved to Germany in 2012 to start a new job without any knowledge of German or life in Germany. A free inside look at company reviews and salaries posted anonymously by employees. This is my experience as an N26 customer in 2020. Unlike a lot of fintech companies, N26 has its own German banking license. They have four plans: Standard (free), Smart (4,90€) You (9,90€ a month), and Metal (16,90€ a month). Free! The app is also available in 5 languages. 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