N26 Bank GmbH

N26 Bank GmbH is a German direct bank headquartered in Berlin that operates under a full German banking license and is supervised by BaFin and the Deutsche Bundesbank. It offers app-based euro current accounts for individuals and freelancers across several European markets, with no branches and remote onboarding via digital ID checks; the bank exited the UK and US and focuses on continental Europe. Accounts are tiered (a no-monthly-fee option and paid plans with additional features), issued with a Mastercard debit card compatible with Apple Pay and Google Pay, SEPA transfers including instant payments where available, and sub-accounts (“Spaces”) that can be shared; local IBANs are provided in selected countries. International transfers are offered via a partner service, and cash deposits/withdrawals are supported at retail partners in certain markets, subject to limits and fees. The product set includes variable-rate savings in eligible markets, overdrafts and installment loans subject to credit assessment in limited countries, and partner-powered investment and crypto trading features with market-dependent availability. Business accounts target sole traders and are generally unsuitable for incorporated entities. Pricing depends on the plan, with limits on free monthly ATM withdrawals, fees for additional or foreign-currency cash withdrawals, potential card replacement and cash deposit fees, and plan-linked foreign exchange terms; card purchases are processed at network rates and may include markups depending on tier. Statutory deposit protection applies up to €100,000 per customer through the German scheme. The bank has been subject to regulatory enforcement relating to anti–money laundering controls, including a temporary cap on new customer onboarding introduced in 2021 and lifted in 2024. Features, eligibility, and fees vary by country and plan; verify current terms with the bank before applying.