The German N26 bank is considered to be the leading mobile bank in Europe. Since its foundation in 2013, N26 bank has more than 5 million active users.
Currently, N26 bank offers products in 24 countries and is continuously expanding its services.
Thanks to a banking license from the German banking authority Bafin, N26 is a legally recognized bank. As a result, they are also covered by the European Deposit Guarantee Scheme. Your savings are therefore covered up to 100,000 euros in the event of a bankruptcy.
The most popular product is the free N26 bank account, which can be opened online within 8 minutes and is managed via the N26 banking app.
Cost N26 - All you need to know
If you are looking for the best bank account, it is important to inform yourself about the costs.
You might be surprised how many people are unaware of the costs they have to pay for withdrawals or payments abroad.
If you are aware of the expenses involved in using your bank card, you can easily save up to hunreds of euros every year.
Below are the most important costs you need to know when using one of the N26 cards.
N26 Standard account
Now the card that everybody is waiting for, the standard/free card that most people have.
The basic N26 account is a simple online payment account and comes with a free prepaid Mastercard.
This is also the most popular payment card offered by N26 bank.
You will receive a German IBAN account number to which you can easily transfer money via internet banking. You can manage your account via the stylish N26 app or the website.
The N26 Mastercard
You will receive the N26 Mastercard as soon as you open a free current account with N26. With the N26 payment card you can pay worldwide in cash under favourable conditions.
As the owner of the N26 card, you benefit from numerous advantages.
Below are the most important features of the standard N26 card:
- No annual fee
- 5 free cash withdrawals per month in the Euro zone, thereafter €2 per withdrawal
- Worldwide payments at the best exchange rates
- Only 1.7% costs for non-EUR cash withdrawals
- Free N26 app to manage your finances
With the basic N26 account you also get all the benefits that come with the N26 app.
In addition, you can receive a notification on your mobile phone whenever there is activity on your account.
The amount spent is then immediately displayed in Euros. This is very useful, especially when you are abroad and pay in a foreign currency.
Thanks to the handy app, you always have an overview of your spending.
If you are interested and want to sign up, use the link I have provided or message me directly. https://n26.com/
A credit card with the advantages of an ATM card
At N26 you will receive a free prepaid credit card from Mastercard. This card can best be compared to a debit card with a credit card number on it.
You have no spending limit and can only spend what is in your N26 account.
So you do not have a credit or spending limit (you cannot go into the red).
Is N26 reliable?
A frequently asked question we get about N26 is: Is N26 safe? Is the bank reliable? In this section of the review we will try to answer these questions for you.
N26 is a German mobile bank with an official banking license. This means that in the event of bankruptcy there is a legal guarantee of up to €100,000. This is just like the Dutch banks.
With the N26 bank account you can open your account online and manage your finances from the N26 mobile banking app on your smartphone.
Secure online payments
When you pay online with a credit card, your payment details are stored online.
If the webshop is hacked, your credit card details may be stolen. There is then a chance that fraud will be committed with your details.
With the N26 card it is virtually impossible for fraud to be committed with your data. The N26 card is 3D Secure, which is an extra security step for online payments. As soon as you want to make an online payment, you need to verify the purchase via the N26 app on your smartphone or tablet.
Because of 3D Secure, hackers cannot simply debit money from your card, because you first have to confirm the payment via the app.
After you have entered your card details and clicked on ‘pay’, you will be redirected to the secure payment environment of Mastercard SecureCode and you will receive a push notification on your smartphone to confirm the payment. You have 5 minutes to do this, after which the verification has expired and you will have to resubmit the purchase (of course no money will be deducted from your account).
You do not need any TAN codes, card readers or other devices. All confirmations are easily done with the mobile app.
The 3D Secure is a widely used authentication method used by several major banks.
What can you buy?
The question is, what CAN’T you buy? This card is basically a free version (standard card) from Mastercard itself and can be used to buy pretty much everything, what I do is having every week deduct a little bit of my money into crypto so I can have a pretty big holding in the upcoming years.
Something you can do too! We think that using this card is very easy to purchase crypto and having it directly on your balance without having to wait x amount of days before it actually shows.
Conclusion for the N26 review
At the moment there is no other bank that offers better advantages and conditions than N26 bank.
Especially in combination with the neat N26 app, the free N26 Mastercard debit card and the overall functionality of the free payment account, N26 is in our opinion unbeatable.
For more information, feel free to message me anything! You can get ahold of me using my email, discord account or Telegram:
- [email protected]
Feeling like joining us? Using this link (https://n26.com), it will redirect you to the site where you can join in 8 minutes!