What is N26?

N26 is a digital bank started in 2013, making it one of the oldest digital banks. It was established in Berlin.

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

N26 review - N26 bank card sample

N26 Review 2020
N26 pros and cons


  • Has a banking license (deposit guarantee, direct debits and standing orders
  • Premium subscription options with handy perks


  • You 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 2020
N26 fees

Account opening and maintenance fee

At N26, account opening is free and maintaining your account is also free, with no monthly cost.

Card fees

Getting an N26 bank card, including delivery, is also free.

ATM fees

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

Transfer fee

Transferring money in the same currency as your N26 account is free, while the N26 international transfer fee is €0.5-3.0.

Currency exchange fee

N26 also charges a currency exchange fee for international transfers. This will vary between 0.35-2.00% of the exchanged amount, depending on the currency.

Top-up fee

N26 does not charge a fee when you top up your account using another bank card.

N26 Review 2020
N26 vs. Monzo

  N26 Monzo

Multicurrency account



ATM withdrawal fees (standard account)

Free in own currency*
1.7% in other currency

*depends on card type and residency

Free in the UK

£200 /month free abroad

3% after

International transfer fee €0.5-3.0 €0.5-3.0

International transfer exchange fee



Compare other digital banks

N26 Review 2020
N26 account opening

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

N26 countries

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

N26 currencies

N26 is available only in EUR.

Currencies in the app

Within the app you can hold just one currency, EUR.

Top-up currencies

At N26, you can top up only in the currency of your account, in EUR.

N26 cards overview

N26 cards are available from Mastercard. 

N26 Premium account benefits

N26 comes with two premium tiers. The first is called You and it costs €9.90 per month. The higher tier, called Metal, costs €16.90. 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 in any currency, and they come with an insurance package included.

N26 top-up methods

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

  • Bank transfer
  • Cash

N26 Review 2020
N26 banking features

N26 offers a range of features similar to your high street bank:

  • You can see your spending categorized by the type of transaction (e.g. shopping, restaurants).
  • You can send money to other N26 users instantly and for free. 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 canceling direct debits is quick and easy with N26.
  • Overdrafts are possible in AT and DE.
  • You can set up Apple Pay or Google Pay.
  • 3D Secure online payments are supported.

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

  • You cannot set monthly budgets.
  • Smart savings are also not available, for example you cannot round up the amounts you actually spend and store the difference as savings.
  • Joint accounts are not available.

N26 Review 2020
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

N26 Review 2020
N26 customer service

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

Tamás Deme

Tamás Deme

Content Editor

Author of this review

Tamás believes in clear and simple writing that is accessible to everyone. He has almost 20 years of experience as a financial journalist, as well as an editor and proofreader. He previously worked at Interfax news agency and wrote about M&A deals for EMIS DealWatch.

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