N26 BANK GMBH

N26 Bank GmbH is a German bank headquartered in Berlin, operating under a full German banking license since 2016 and supervised by BaFin and the Deutsche Bundesbank; eligible deposits are protected by the German statutory deposit guarantee scheme (Entschädigungseinrichtung deutscher Banken) up to €100,000 per customer. The bank offers app-based current accounts in selected EEA markets, with a free basic tier and paid subscriptions that add features; availability of local IBANs depends on the country. Customers receive a Mastercard debit card and can use Apple Pay and Google Pay; ATM withdrawals in the euro area are subject to monthly free allowances that vary by plan, with fees after the allowance, and foreign-currency transactions on lower tiers typically include a markup over the card network rate. Payment features include SEPA and SEPA Instant transfers, while international transfers are provided in-app through a third-party partner and carry separate partner fees. Additional products include overdrafts and consumer loans for eligible customers in certain countries, freelancer/business accounts, sub-accounts (“Spaces”), and interest-bearing options where available; investment and crypto services are offered in selected markets via partners, each with distinct terms and pricing. The model is mobile-first with no branches; cash deposits are supported only through retail partners in a limited number of countries, and customer support is provided digitally with service hours varying by market. Onboarding and account access follow PSD2 strong customer authentication requirements, with in-app card controls and security features. The bank operates only in supported European markets and discontinued operations in the UK and the US; customers relocating outside eligible countries may be asked to close their accounts. N26 has been subject to supervisory measures in Germany related to anti–money laundering controls, including growth restrictions and remediation requirements imposed by BaFin, with adjustments over time, and customers should expect strict monitoring and possible account reviews consistent with those obligations. Fees, limits, and product availability are subject to change by market and plan; current tariffs and terms are published on the bank’s website, and financial statements are available through the German federal register.