N26 Review 2019

Apr 2019

What is N26?

N26 logo

N26 is a digital bank established in 2014. It is currently focusing on the UK with a full banking license. EUR accounts are in beta.

If you are in the Eurozone or the UK, wish to move away from incumbent banks but prefer the safety of a banking license, N26 is the way to go.


N26 Review 2019
N26 pros and cons


  • Has a banking license (deposit guarantee, direct debits and standing orders)

  • Premium subscription options with handy perks


  • Available to Eurozone or UK residents but can only hold one currency

  • Lacks some budgeting and savings features other neo-banks have

  • No phone support, chat support can be slow

N26 Review 2019
N26 fees

Account opening and maintenance fee

At N26, account opening is free and maintaining your account is also free. There is no monthly cost to that.

Card fees

Cost of N26 bank card with delivery is also free.

ATM fees

Withdrawing money from any ATM is usually free in the currency of your N26 account. Withdrawing money abroad will cost you 1.7% of the total amount.

Transfer fee

Transferring money in the same currency as your N26 account is free, while N26 international transfer fee is €0.5-3.

Currency exchange fee

N26 also applies a currency exchange fee for international transfers. This will vary between 0.35-2% of the exchanged amount depending on the currency.

N26 Review 2019
N26 vs. Monzo



Multicurrency account



ATM withdrawal fees (standard account)

Free in same currency*
1.7% abroad

*depends on card type and residency

Free in the UK

£200/month free abroad

3% after

International transfer fee €0.5-3  €0.5-3

International transfer exchange rate



Compare other digital banks

N26 Review 2019
N26 account opening

Opening an account at N26 is super easy: it takes only a couple of minutes to do it via your phone and receive your physical card also takes only a couple of days.

N26 countries

N26 is available in 22 countries, including AT, BE, DE, DK, EE, ES, FI, FR, GB, GR, IE, IS, IT, LI, LU, NL, NO, PL, PT, SE, SI, SK .

N26 currencies

N26 is available in two currencies EUR and GBP.

N26 cards overview

N26 cards are available from Mastercard. 

N26 Premium account benefits

N26 comes with two premium tiers. First is called "Black” and it costs €9.90/£4.90 / month. The higher tier called Metal costs €16.90/£14.90. The additional benefit here is that the physical card is a metallic card, instead of a standard plastic card. With both premium cards, you can withdraw for free not just in your base currency, but all other too.

N26 top-up methods

At N26, you can use the following top-up methods:

  • Bank transfer

  • Cash

N26 Review 2019
N26 banking features

N26 offers an array of features just like your high street bank:

  • You can see your spending categorised by the type of transaction (e.g. shopping, restaurants).

  • You can send money to other N26 users for free and instantly. You can also send a money request to another user.

  • These savings can also be stored separately for easier overview and management.

  • You can earn interest after your savings.

  • Setting up or cancelling direct debits is quick and easy with N26.
  • Overdrafts are possible in AT, DE and GB.

  • You can set up Apple Pay or Google Pay.
  • 3D Secure online payments are supported.

In other aspects it lacks some features that are common for its competitors:

  • You cannot set monthly budgets.

  • Smart savings are also not availablefor example you cannot round up your spendings and store the excess amounts as savings.

  • Joint accounts are not available.

N26 Review 2019
N26 additional features

You can use N26 through your mobile app and it is also available on a desktop computer as a website. N26 also has several additional features:

  • Personal loans

  • Phone insurance

  • Travel insurance

Would you like to invest your savings on the stock exchange? Opening an online brokerage account is just as quick and easy as opening a digital bank account. Find a cheap and reliable online broker via our broker recommendation tool.

Find your online broker

N26 Review 2019
N26 customer service

You can contact N26 only via chat. It is rather slow, once, it took 50 minutes for us to reach the customer service.


Gergely Korpos
Gergely Korpos
Co-founder, CPO
Gergely's aim is to bring more clarity into personal investing. He has 10 years of experience in financial markets with GE Money, KPMG and MOL. He concluded thousands of trades as a commodity trader and financial portfolio manager
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