N26
Mobile bank with a German banking licence, available in 24 European markets EU & Global
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Overview
N26 is a 100% mobile bank holding a full German banking licence (BaFin). It offers a free Standard account with a free virtual card, paid Smart, Go and Metal plans, joint accounts, a card for under 18s, Instant Savings, and investing in stocks and ETFs through N26 Bank SE with Upvest Securities GmbH.
Best for
People living in one of N26's supported European countries who want a mobile-only bank account with optional savings and investing.
Pros
- Standard account has no opening or maintenance fees, per N26
- Open the account from your phone and use the virtual card right away, per N26
- Full German banking licence; N26 states funds are protected up to 100,000 EUR by the German Deposit Protection Scheme
- Available in Italy and 23 other European countries
Cons
- Paid plans cost 4.90 to 16.90 EUR per month
- Stock and ETF trades cost 0.90 EUR each (some free trades on Go and Metal)
- Investing products put your capital at risk; the Flexible Cash Fund is not a deposit
- Smartphone required; products, plans and rates vary by country
Key features
- Free Standard account with a free virtual card and monthly ATM withdrawals
- Free joint account with its own IBAN
- Card for under 18s with limits set by the parent
- Instant Savings (rate depends on plan; available in selected countries)
- Investing in 5,000+ stocks, ETFs and other products from 1 EUR (capital at risk)
- Flexible Cash Fund (investment, not a deposit)