One of the fastest growing fintech is N26, since it is not just an application for smartphone, but a mobile bank with a bank account and debit cards MasterCard. Both (the account and the card) are free, which further differentiates N26 from its competitors and allows them to compete with the big traditional banks.
Benefits of being a N26 customer
N26 customers have a bank account registered in Germanybecause it is a German bank that offers services in our country through a European banking license. Being a bank account includes a IBAN number which makes it possible to make and receive transfers from another bank without problem. This is undoubtedly a considerable advantage over other digital entities.
But that's not all, since the N26 also offers a Physical card Mastercard debtor and fully operational. A card that allows up to five free withdrawals from any ATM, with which you can pay worldwide without commission and that is also compatible with Apple Pay and Google Pay, so that we can use it to pay from the mobile.
N26 offers a totally mobile banking experience: from the app, we can perform all kinds of transactions with our account, as well as track our expenses. And for computer enthusiasts, N26 has WebApp with the same features as from the mobile.
And in addition to the advantages of the N26 bank as a bank, if you use the N26 card at Glovo, this home ordering application will return 50% of the amount as a credit for your next orders (up to a maximum 5 € per order and with a total of 50 € of cap). Discover more right here.
What to keep in mind when opening an account with N26
The first thing to consider is that it is a mobile account, without branches, which is fully managed from the smartphone. N26 has a customer service team available by chat to answer all your questions.
An important point is that the money will be in a country other than Spain (it will be in Germany) and you will have to take it into account. tax level, but only if you have more than 50 000 €.
Of course, it's important to also know that the N26 account is completely regulated and protected by the German institutions and their guarantee fund as in Spain, so do not worry about it.
Although in theory, an account with an IBAN number poses no problem regarding home receipts, as it is the standard SEPA identifier, it is possible that some companies require of us Spanish account number. Although it is true that it should not be a problem anymore.
N26 cards allow you to withdraw from any ATM up to 5 times a month, but some ATMs can sometimes charge commissions. In this sense, the entity recommends to withdraw ATMs in the branches in order to avoid possible quotas of independent wickets.
Another problem to keep in mind is that there are several plans. N26 offers a free account with a MasterCard transparent debit card, without any commission. Premium accounts allow you to withdraw money in all currencies and around the world without any commissions. In addition, N26 Black (one of the premium accounts) is underwritten by a travel and shopping insurance Allianz at a monthly cost of € 9.90 per month. And the jewel of the crown: N26 Metal is a premium account with Allianz insurance and with the exclusive benefits of partners, and which includes a metal card in three colors.
When managing our account from the N26 mobile app, we will see that among the many options that it offers, some of them can be disabled because we register as Spanish residents.
How to open an account N26
To open an N26 account, we can start the process of the the Web on the desktop or mobile. It is important to keep in mind that there are some simple requirements: must be older, live in a country where N26 is present and have a smartphone compatible with this service.
Now, when we go to s & # 39; registerwe must provide our email address, personal information, delivery address and account type. Then we verify our identity and we can now connect our mobile to the new account.
To have funds on our new N26 account, it is possible to make a transfer to the IBAN of N26 as soon as the account is operational, even before receiving the card, which will arrive in a few days at the 39, the address we have indicated.