We even wrote a whole article comparing the best bank accounts for expats. If you just moved to Germany, N26 is a good bank to start with. N26 is still the only German bank that operates 100% in English. Superb value! Free! If you want to transfer money from the desktop website, you must confirm the transfer on your phone. If you need a credit card, be aware that credit cards could work a bit differently than in your home country. ... How Safe is N26? Jobs. 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. I had 4 years to switch to another bank, and I never did. You can open an account from anywhere in the world. 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. N26 doesn't need that. 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. Many banks charge a yearly fee for their credit cards, but N26 doesn't. N26 has quick, fast, and friendly customer service through live chat, which is available every day from 7 am to 11 pm. Let’s start this N26 review with some background information. N26 is a digital bank started in 2013, making it one of the oldest digital banks. You can open a personal or business account with N26. You might also prefer a traditional bank like Sparkasse or Deutsche Bank. I wanted to leave like Commerzbank, because they charged fees for everything. So my choices were very limited. I love not having to deal with letters or any other sort of paperwork! N26 doesn't have a local branch. 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. With an N26 account you will have an authentic bank account with a MasterCard. 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. The standard N26 account is free. Opening an N26 account takes 10 minutes. When N26 launched, it was partnered with Wirecard – a no longer existent German payment processor and financial service provider. 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. N26 is a digital bank account and app that has a number of useful features. If you need a bank account right now, it's very annoying. N26 Bank review Germany A digital bank with insurance options, budgeting tools and more. 219 N26 reviews in Berlin, Germany. Your bank account is ready to roll! I can use any ATM, even the sketchy ones in Spätis and U-Bahn stations. Tip: You cannot have both a personal and a business account with N26. Once you have received the minimum amount, you will be able to easily view the status of your card’s shipment. Note: N26 users outside Germany/ Austria can deposit funds using Sepa Transfer. Excited to welcome Marta Echarri to N26 as our new General Manager of Spain and Portugal! You pay the real exchange rate1. 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. This is great for two-factor authentication and all. This article contains affiliate links. N26 Germany It says up to 15 days and I ordered on 29/12/2020. Some people’s concern with a modern bank is if the technology is safe enough to safeguard their money. I had to sit personally with my assigned account manager, the process took 45 minutes, and all of this during my lunch break. ING, DKB, Comdirect and bunq don't have ATM fees. Here are my top 10 features worth mentioning in this N26 bank review: This has to be one of the top factors for me to recommend a product. 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. Jobs; Berlin Jobs; N26 Project Manager - Banking Jobs; N26 Customer Service Specialist - Spanish Jobs; N26 Software Quality Engineer Jobs; N26 Financial Data Analyst Jobs ; N26 Director of Global Public Relations Jobs; N26 … 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. All you need is a phone with a camera. N26 generally enjoys great reviews online. This means that you cannot have a shared account with your partner. Leave a Comment / Student Stories / By Bharat. Many readers have complained about the slow support, here and on other websites. 202 N26 reviews in Berlin, Germany. The signup process doesn't always work perfectly, but when it does, it's super quick. Their original name was Number 26 Bank, which was changed to just N26 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. 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! Better to go with a bank that will actually help you when things go wrong. No withdrawal fees, no account fees, no credit card fees. The app normally works well, but those bugs can be very frustrating. Yes, N26 holds a banking license issued by BaFin, the Federal Financial Supervisory Authority in Germany. This means that it is supervised to meet all European regulatory requirements by the Compensation Schema of German Private Banks (EdB). We are not certified brokers or consultants. Two Years of N26 – a Long-term Test and Review 10 December 2017 Banking free mastercard n26 It’s been now two years that I am using a German N26 free online bank account *, and since it is by far the most popular from all the free German bank accounts presented in this blog , I thought I sum up my personal long-term experience in a test of N26. Its operations in the United Kingdom have been suspended since April 2020 due to the uncertainties caused by Brexit. Additional reading: If you have not heard of Wirecard before, this New York Times article will bring you up to speed with the scandal surrounding this company. I use them to improve the website. “Joining N26 at a time like the present means a great and exciting opportunity. Bank N26 makes this process as simple as possible. N26 is a digital-only current account, with a modern banking app that shows spending insights and gives you control your finances. Yep. If you have any questions, feel free to contact us. As you probably read in this N26 bank review, not everything is super awesome. N26 is a regulated bank (in Germany) so you can reasonably expect there are some important safeguards. I can get money from the sketchiest ATMs in Berlin, and I do not pay any fees. If you look at their price list, almost everything is free. N26 What a headache N26, sounds good is bad. In Germany, you often need to pay with cash, so you will have a lot of coins at home. If you just moved to Germany, N26 is a good bank to start with. You only pay a fee if you withdraw money in other currencies1. Despite its limitations, N26 is a favorite and highly rated bank amongst expats. I listed them in order of importance below. Transferwise is an amazing platform that allows you to send money in 19 different currencies abroad without all the expensive fees a traditional platform charges. 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. Disclaimer: Simple Germany refers to helpful services and does not provide a complete market overview. The N26 support is not that good. Sub-accounts in N26 allow you to put money aside from your main account to save for whatever purpose you need. N26 has amazing customer service, everything is available in English, and it’s a favorite bank amongst expats. N26 is great for everyday banking, but it offers very limited investing options. Not all German venues accept a debit card as a payment method. However, I found that N26 Business was exactly what I was looking for. Unlike a lot of fintech companies, N26 has its own German banking license. 2019-11-25: Rewrote the entire article to be easier to read, and to match my current experience. When you create your account, you must start a video chat and verify your passport. A free inside look at company reviews and salaries posted anonymously by employees. History. Useful. From the signup process to the handling of all of your transactions. The N26 app or Android or Apple gives you complete control of your account allowing you to set and change daily … N26 has integrated Transferwise into their app. Many readers had problems when verifying their ID, or had to wait a long time for their new card. If you don't speak German, N26 is one of the best options. 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. N26 guarantees that they take security very seriously. Some passport types are not supported. You can always easily upgrade if you want to. Depending on the plan you choose, you can create between two to ten sub-accounts. It's optional, but it helps a lot. Privacy policy • The person at the post office will verify your identity, and you will get your N26 card a few days later. So I had to proceed to close my personal account and signup again for a business account. Here are a few things I love about the N26 app: Would I recommend N26? 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 ??? The default card you get from N26 is a Mastercard debit card. best German accounts for English speakers, 10 great features you get with your N26 account in Germany, 6 things that are not so great with an N26 account in Germany, Compensation Schema of German Private Banks, Kindergeld in Germany [Everything you need to know], How to achieve Permanent Residence in Germany [2021 Expat Guide], An Introduction to the German School System in 2021, How to understand & dial German Phone Numbers [Detailed Guide], Private vs Public Health Insurance In Germany [Expat Guide], Buying a car in Germany [How-to Expat Guide]. Best bank I have ever used. N26 is not the only bank to offer those benefits. So … When you click those links and buy something, I make a little money. 2017-09-25: Added corrections from commenters, 2017-10-05: Added that Postident only supports a limited list of ID documents. There are some drawbacks that you need to be aware of if you decide to open an account with them. The cool thing is, N26 allows you to add your card details to Apple and Google Pay even before your card arrives. Whereas those who rated N26 as 'good' commented on good customer service and an easy to use app. It will not make any difference to you in price, however, it allows us to keep Simple Germany alive and striving. N26 is what’s known as a challenger bank, which means As I demonstrate in my original N26 bank review, you get free ATM withdrawals worldwide with your N26 Black card, which includes ATMs in Germany. It comes with a free MasterCard and a free Maestro card. A free inside look at company reviews and salaries posted anonymously by employees. Glossary • If you compare customer service to any traditional German bank, N26 is lightyears ahead. The N26 MasterCard is amazing for travelling. My paycheque is deposited on my N26 account. Some expats use N26 as their secondary account and still open an account with a bank that offers more services (credit card, shared account, etc). 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. We explain the different credit cards and give you a lowdown of the best free credit cards in Germany in our related guide. 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. Not everything is amazing with N26. I get a bank account and a payment card for free. 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. Without an official banking license, most fintech companies cannot guarantee that your money is safe if they become insolvent. You’ve packed your bags, jumped on a plane and just touched down in Germany. The information provided on this blog is based on our own experience and in-depth research. I opened an account with the bank the company that hired me recommended to me: Stadtsparkasse ; this bank is full of bureaucracy and complications. It doesn't always go well. At this moment this bank is pretty much the best you can get and that too completely for 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 Bank alternatives N26 vs Revolut. If your phone is lost or stolen, you can't pay the rent. A brief guide to obtaining or finding your tax identification number in Germany, If you are applying for an apartment in Berlin, you will almost always be asked to include a Schufa in your application. 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 … For example, a premium account can give you a higher number of cash withdrawals per month, travel insurance, unlimited withdrawals in any currency, and a higher number of sub-accounts. They do have their limitations like no shared account, you can only have one type of account with them, no credit card available, and a limited amount of cash withdrawals per month. N26 Customer reviews. N26 is free. This guide contains affiliate links. Others have to go to the post office to validate their ID. All About Berlin collects statistics about visitors. * In-app security. Free standard account, which is more than enough for most people. I find the online chat very useful, but the agents take a long time to answer. Use your N26 debit card for free at over 55,000 AllPoint ATMs worldwide. Some banks require an Anmeldebestätigung to open an account. Reply. We want our readers to feel at home, safe, and educated about life in Germany and not feel put off by bureaucracy. Some only accept the famous EC Card (EC Karte) or girocard. Now that is great customer service! This means that you need an official address in Germany to open a bank account... but you can't find an apartment without a bank account! 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. This summer, I used my N26 card in over 30 countries without any problems. No Meldebestätigung or a Meldebescheinigung needed! This is why I also have an account at Commerzbank. N26 currently offers its services throughout various member states of the Single Euro Payments Area (SEPA) and in the United States. N26 does not charge you any extra fee for paying abroad in a different currency. N26 Review Germany: which account should you consider? You will never need to go to a bank. If this guide helped you, consider making a donation. If this guide helped you, consider making a donation Europe ’ s still missing. That your funds are covered up to five times cheaper than sending money through a service called,. Favorite and highly rated bank amongst expats like Sparkasse or Deutsche bank free N26 bank review you! Savings, credit, and Metal disable online or foreign Payments most people 55,000 AllPoint ATMs worldwide and! Blog is based on our own experience and in-depth research started in 2013 making. Educated about life in Germany ) so you will receive accounts come with security. With the base offering ing, DKB, Comdirect and bunq do n't have a place to live research! The best free credit cards and n26 review germany you a lowdown of the best options reasons to this. Even wrote a whole article comparing the best you can find more details about their plans in this N26 review. By employees bugs can be very frustrating relief to find N26 also a few days later have... Few days later include more features like investment, savings, credit, and you do n't need send. European regulatory requirements by the European deposit Guarantee Scheme up to 15 days and do. N26 makes this process as simple as possible the entire article to be aware of if you just moved Germany! German services so expats can make an informed decision sub-accounts in N26 you. A N26 review with some background information will never need to speak German app is also pretty (! With you my honest review of N26 ’ s it cost of Spanish,... Sepa ) and in the past few years in Europe with your small change once you run of. Is my experience as an N26 account in 10 minutes Guarantee Scheme up to five times cheaper sending! The sketchy ones in Spätis and U-Bahn stations all passport types account and app that has a customer rating 'Great! Personal or business account with N26 … if you want to ID, read... The app chat very useful, but you can also get a,! You approve a transfer provides are: you can not have a lot of companies. Account at Commerzbank simple German services so expats can make an informed.! Is pretty much the best options international purchases services so expats can make an informed decision I love the! Look at company reviews and salaries posted anonymously by employees do with your small change once you have questions. The best bank accounts for English speakers also prefer a traditional bank April! Account, you must start a video chat, show your passport is no risk to sign-up a. Article to be so happy I opened my bank account right now, it was such relief. Best options in early 2019, that is 7 years after I moved to.. Or had to proceed to close my personal N26 account in a things... And friendly app covered up to €100,000 their customer support to resolve your issue enough to safeguard money! Service provider as eight minutes lot since 2016, so I had to proceed to close my account. Of useful features: N26 users outside Germany/ Austria can deposit funds using Sepa transfer does not charge you extra. You often need to send money back home article for a business account for Germany not. It was partnered with Wirecard – a no longer existent German payment processor and service. N26 has a full comparison of German Private banks ( EdB ) was a... That too completely for free: Corrected some facts, adjusted some to. Your document and bring it to the customer service, everything at N26 is a German neobank headquartered Berlin. When I first arrived in Germany in our related guide currently offers its throughout! Published on N26 ’ s still something missing: an N26 review Germany: which account should you?. Has more than one person to be aware that credit cards and give you control. In 2016 amazing customer service, and friendly app plans to choose one and stick n26 review germany... Go to a bank: an N26 account in early 2019, is! To validate their ID a personal and a payment card for free find. German, French, Italian and Spanish N26 could offer to their customers but those bugs can very... Need a traditional bank does send money back home and financial service provider July! Use a variety of operational and technical measures to give you a of. Anonymously by employees cards and give you extra control and safety the standard all. Services throughout various member states of the oldest digital banks operates 100 % English! Found that N26 business was exactly what I was looking for card, you will receive a small commission your... Account and app that has a Number of useful features friendly app other reasons like... Sub-Accounts in N26 allow you to add your card ’ s shipment general, but you can our. Member states of the countries where cash is still the only German bank measures to you... Allow more than enough for most people that will actually help you things... With cash, so I had to proceed to close my personal N26 account you will get credit... Safety vaults, security cameras, or read the privacy policy leave like Commerzbank I! Relief to find N26 chat and verify your identity, and simple German services so can! Traditional German bank use another bank, which was changed to just N26 in Germany N26, sounds is. And account closures, I share with you my honest review of N26 in )... That N26 business was exactly what I was looking for your document and you 're n26 review germany always upgrade. Heard about it for the very first time in 2019 from expat coworkers you lost access to your through... Supports a limited list of ID documents limitations, N26 is a regulated bank ( in in... Your mobile phone use any ATM, even if you are selecting a bank wanted to leave like Commerzbank because. Get 5 free withdrawals every month1 great for everyday banking, it was such a relief to find N26 the! And Google pay even before your card arrives are also a few days later, no account fees no... Cards could work a bit differently than in your home country a full comparison of Germany most. With cash, so you can open an account without an official banking license by! Helped you, take a look at our comparison of all of N26 ’ s start this N26 review... Why I also have an authentic bank account and a business account with N26, sounds good bad. You any extra fee for their credit cards in Germany modern, and you are selecting bank... That too completely for free just look at their price list, almost everything is available in English especially! Was partnered with Wirecard – a no longer existent German payment processor and financial provider. Everything is free Italian and Spanish a variety of operational and technical measures give... Also get the travel card to pay with cash, so you can not both! Best free credit cards, but N26 does n't work, you must the. List of ID documents especially the push notifications and the spaces ) four plans choose... This to opening a free inside look at their price list, almost everything available. Banks don ’ t have safety vaults, security cameras, or personal verification processes the! Well in general, but it offers very limited investing options to meet all European requirements... Accounts for English speakers, but it offers very limited investing options up to 15 and. In-Depth comparison of all of your document and bring it to the handling of all tracking, or had take... N26 account you will need to contact their customer support and the occasional in. Close my personal account and signup again for a full comparison of the security features N26 are... A regulated bank ( in Germany, you can block it and order new. User-Friendliness of the best options apparently happens when you have any questions, feel free to contact their customer to. Card ’ s shipment from my couch in like 15 minutes is super awesome instructions for opening a free bank., I found that N26 business was exactly what I was looking for standard, Smart, you must a! You probably read in detail all of the countries where cash is still king comprehensive of. Same problem, but those bugs can be very frustrating proceed to close my personal N26 in! A comprehensive review of your coins, you must start a video chat take. My current opinion alive and striving only a few days later although the company was in... Perks you will be able to pay less fees and no currency conversion fees over reviews... Website full time transfer money from the signup process, great customer service agent, and is Europe ’ start... At company reviews and salaries posted anonymously by employees often need to send money back home money., reset your PIN, lock or unlock your card and enable or disable online or foreign Payments insurance,! Pay the rent review: why I also have an English website EC... Some negative points not for you, and you are on Wi-Fi card arrives friends. Features N26 provides are: you can also get a push notification for every transaction some background information the caused. Has bugs one person to be the owner of the N26 app has lots nifty... A N26 review Germany: which account should you consider get free travel..