For more help closing an N26 account, visit the bank’s UK website, which has been updated with a list of FAQs. N26 closed its operations in the UK in 2020 following Brexit. This card is called the N26 Metal and it is available in 6 European countries, including the UK. N26 is not signed up to the current account switching service (CASS), so you can’t switch your account to another provider in seven days and will have to do a manual switch. There are plenty of other options, though, which we’ve rounded up here. Also comes with a creditbuilder option. Sign up for our newsletters decisions. daily, Data indicated here is updated N26 has closed its business in the UK and all bank accounts are closed. Instead, fee-free card spending abroad is a given with these challengers, so you’ll need to look at other features to compare them: When it comes to all foreign currency things, the choice is between Starling and Revolut. Like: Actually has a banking licence. They were founded in 2013 and they recently received their banking licence (July 2016), so now they operate as a regular bank, but much better (and cheaper). £3 with current accounts. In my opinion, digital banks are a great alternative and a fantastic way to make some serious savings when it comes to your day to day banking. N26 was founded in 2013 in Berlin by Valentin Stalf and Maximilian Tayenthal, with the aim of making banking easier and more transparent for millions around the world. Learn more about the alternatives to the UK’s first digital bank. This list contains a total of 14 apps similar to N26. N26 and Revolut’s stories. We are a credit broker and not a lender and The bank even posted a blog titled ‘Leaving the UK does not change our global vision to transform retail banking for the better’. App-based current account that keeps you on top of your spending. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. London, SE1 9RS. Both providers give you a fully-featured bank account, … But many firms have planned for this. In addition, customers will need to ensure they have moved any direct debits or regular payments to a new bank account before 15 April 2020 to prevent them from being declined. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. With N26, all you can do is drain your account of funds. However, there is a slight difference when it comes to how your money is protected: We update our data regularly, but information can change between updates. By continuing to browse you consent to our use of cookies. Read our review here ... PayPal is a good alternative. N26’s closest European rival is probably Revolut. It is the closest Revolut alternative. Marketplace with 8 savings accounts both fixed rate and easy access, £500 minimum deposit. Anyone can open a N26 Bank account, as long as they are resident in the EU or EEA. Finally, Starling is the only one that pays interest directly on your current account balance, so we’re going with Starling – 0.05% on up to £85,000. The N26 Metal cost € 16.90 a month and comes with comprehensive insurance package as well as unlimited free withdrawals worldwide. Individual or business, Revolut is the only banking alternative … Atom Bank is a digital-only bank, but unlike the others we’ve mentioned, it only does savings accounts and mortgages. For our top picks, we've evaluated a number of digital bank accounts against a range of metrics to select accounts for specific needs. What alternatives are there for N26 customers? Tandem's credit card doesn't charge fees on purchases abroad, leaving you with more money for your travels. TransferWise helps individuals, businesses, freelancers, and travelers to send, receive, hold, and spend money at real-time rates and low fees. Revolut only holds a European banking license. A multi-currency mobile banking app that aims to be ‘built around you’. She writes news, features and guides about banking and credit cards, helping people to improve their financial lives. The price hasn’t changed. In this post, we’ll introduce Revolut, TransferWise and SafetyWing as viable alternatives to N26. Banks and building societies offer up cash and vouchers when you switch, and will handle the boring bits for you. We may also receive compensation if you click on certain links posted on our site. You can set goals and Loot will help you get there. service provider and read the information they can provide. He told Which? unsure you should get independent advice before you apply for any TransferWise VS TorFX. This is subject to our terms of use. Now my funds are locked which is even higher 60x than my unpaid Debt to N26. Revolut. N26 says that it will not be able to passport via its German banking license into the UK and that all other options were too costly but many experts have questioned whether the UK’s digital banking market has become too crowded and competitive. If you are a former customer of N26 Bank GmbH UK, below are some FAQs to answer questions that you might have. Here’s my guide to both N26 and Revolut, the two biggest and most popular digital banking services in Ireland, to help you decide if digital banking is for you and which service would better serve your needs. https://codete.com/blog/5-alternatives-to-revolut-you-should-know Then you’ll have to check all the direct debits or subscription payments you rely on it for and set them back up from a different account afterwards. The N26 card is not just a prepaid travel card. After examining N26 on a wide variety of metrics and features, we believe there are three N26 alternatives worth looking at. However, there are more competitive interest rates available with more traditional banks if that’s your priority. Filter by license to discover only free or Open Source alternatives. Despite this, they are known … How to contact N26? As of this writing, N26 operates in all the Eurozone countries, except Malta, Cyprus, Lithuania, and Latvia (although the latter two are set to return soon). It operates as a mobile-only bank, accessible only through its mobile app. You can sign up with this company as an individual, a business or an online seller. We use cookies to allow us and selected partners to improve your experience and our advertising. N26 is Europe’s first completely mobile bank, trusted by more than 1.000.000 customers. On the other hand, fee-free money transfers are Revolut’s specialty – everyone else, including dedicated money transfer companies, charges at least a small fee. If you’re looking for a full current account, Bo and Revolut won’t fit the bill. English. Mobile bank N26 to close UK accounts in April because of Brexit Challenger bank N26 is to shut its UK accounts from April 15 in light of the Brexit process, it has announced. We Discover N26 Smart, the bank account that offers everything you need to better manage your money. reference number: 786446). Support Center. Thomas Grosse, chief banking officer at N26, blamed Brexit. Monese – Good for quick account set up (no proof of address needed) The same goes for regular transfers you have going into your N26 account. N26 is set to close its UK bank account – what are the alternatives N26 has announced that it is closing all UK bank accounts from 15th April 2020. Goals for saving, spending catgorisation, interest on your balances), Withdrawals of £200/$200/€200 or more – free, No transaction fees (if you spend in one of the 18 wallet currencies), Between 3-5 working days in the UK, or within 10 days if you live outside the UK. Which banks are winning and losing customers? Read our guide for alternatives to N26 and check out our business banking section for the latest business accounts available in the UK. If you are looking for N26 alternatives in the international money transfer space, UK-based TransferWise is among the leading contenders. Revolut – Good for overseas spending, day-to-day banking and range of features. While we are independent, we may receive compensation from n26 uk Hello as I have a family member who is going to the Uk to study, and she will need a payment method for the first 2-3 weeks , until she opens a new banking account for an UK bank, I was wondering if N26 worked just fine there, she already has an account at the moment with an Italian residence. You won’t be charged for using the card or making bank transfers in the UK by any of them, but there are (slight) differences when it comes to other features. You’ll still get a better deal if you apply directly on the providers’ websites though. German online bank N26 has become the first European lender to quit Britain and close all UK accounts because it will no longer be able to use its banking licence in the country after Brexit. When you make major financial decisions, consider getting independent financial advice. Because of this, the UK’s lack of EU membership shouldn’t make a difference to its current operation. Its offerings weren’t as comprehensive as what it provides in the EU–N26 is headquartered in Germany–but still competitive. However, it operates in the UK under an e-money license, meaning it technically isn’t a bank here. N26 UK advises customers to transfer their balance to an alternative bank account or withdraw their balance in cash from an ATM before 15 April 2020. It offered a current account, insurance, money transfer, and overdraft products and services. We use N26 ourself, and we can totally recommend this bank for every traveler. No hidden fees, no problem. Confirm details with the provider you're interested in before making a decision. It currently has three providers and nine account options (the top-paying one is a 12-month fixed-term account that has a 1.55% rate). For more information on the N26 account closure, you can read the FAQs on the N26 website here. The last month will be free. In 2015, it launched its first products with its free N26 bank accounts and N26 … : ‘While we respect the political decision that has been taken, it means that N26 will be unable to serve our customers in the UK and will have to leave the market.’. Support your child’s financial knowledge and teach them important real-life money skills in a safe and controlled way with a kid’s debit card. that aims to provide you with the tools you need to make better Revolut is technically a prepaid card, not a bank account, and Bo functions more like one of these. Thomas St, London, SE1 9RG. German online bank N26 has become the first European lender to quit Britain and close all UK accounts because it will no longer be able to use its banking licence in the country after Brexit. The Financial Conduct Authority (FCA) says ‘passporting’ will continue during the implementation period, but firms are likely to have to adjust their business to operate in the UK from 1 January 2021. (E.g. The short answer is yes, all the challengers we’ve mentioned are registered with the Financial Conduct Authority (FCA) and fully authorised to do what they do. N26 is a great service in our opinion and gets 4 stars out of five on Trustpilot. N26 Alternatives & Competitors. If you want to reach out, you can open a chat with us directly within the mobile or WebApp, or from certain Support Center (new tab) articles. Its Borderless Account for businesses and online sellers comes with bank account details in different currencies. How are opinions about banks changing? What are the biggest and most famous banks? N26 is available in the EU and the US, whereas Bunq is available in the EU and the UK. If you travel a lot, you'll be subject to the real-time exchange rate (sans foreign exchange fees at least), which is better than most banks, but less than ideal, which was what made me choose alternatives. We find out. If you don’t feel like you’re getting much from your bank account, switching has never been easier! Even … Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve. Online Banking. Here are the most prominent N26 competitors in the UK market. Ultimately, we’ve picked Starling because you can deposit cash in your account for free and because your overdraft rate is more likely to be cheaper with Starling Bank than with Monzo. In February 2020, following the UK’s departure from the EU, N26 announced it would close its UK operation. N26’s European banking license won’t be valid in the UK after Brexit. No ATM fees with traveller card. Tue, 11 Feb, 2020 - … Challenger banks don’t offer a whole lot of products, but at the very least you can expect a debit card, a fee-free current account and a well-structured mobile app that helps you keep track of your spending and make payments easily. Most other European banking and savings institutions are allowed to operate in the UK under ‘passporting’ rules. Report lost/stolen in app to be sent replacement, Pay via bank transfer or send instantly to other Monzo account, Send faster payments to UK bank accounts and set up standing orders. So current account customers are being told they have until 15 April 2020 to withdraw all funds from their accounts and find somewhere new to bank. Download the N26 app and open an account in less than 8 minutes. If you were a customer of N26 Metal or You, your subscription will only be charged up to 14 March 2020. Here’s where to look and what to expect. who are the challenger banks and what do they offer? Founded in 2015, Revolut is on a mission to facilitate global spending and transfers at the best exchange rates. While it’s impossible to open a bank account without proving your identity, banks accept a range of documents as ID; so even if you don’t have a passport or a driving licence, you should be able to get one. No ATM fees. joined the UK Financial Services Compensation Scheme (FSCS) in March 2019, Seven mistakes to avoid on your first self-assessment tax return, Self-employed home buyers face mortgage squeeze: how to get accepted, 12 tips for buy-to-let landlords filing a 2019-20 tax return. N26 was founded in 2013 in Berlin by Valentin Stalf and Maximilian Tayenthal, with the aim of making banking easier and more transparent for millions around the world. Here are the main N26 alternatives. Austria Brazil Europe France Germany Italy Spain Switzerland United Kingdom United States. ... PayPal is a good alternative. Real time transactions, payment categorisation, save spare change, free international money transfers, buy cryptocurrency). Read our, No fees for spending or withdrawing cash overseas - currencies are converted at Mastercard’s standard exchange rate, Up to 15% cashback at a range of major retailers, Earn cashback on your purchases when you shop through the ThinkMoney rewards portal, Everything you get from a current account, but with new features for mobile living. If you are looking for an N26 alternative, you need to narrow down your … authorised and regulated by the Financial Conduct Authority (firm In our original first look at the N26 current account when it soft-launched in December 2018, we were underwhelmed. As an online bank we don't have branches. Yep – N26 is a licensed (in Europe) digital bank and a great alternative … regularly, How to open a bank account without ID in the UK, smile alternatives: A list of alternative digital banks, Monese alternatives: A list of alternative banks and apps, 23.2 million Brits will have a digital-only bank account by 2025, Best bank cards for kids: Debit and prepaid cards, Winner 2020 - Best Current Account, British Bank Awards, Pockit – Digital current account and card. Revolut is a London based fintech company founded in 2015 by Nik Storonsky and Vlad Yatsenko. If you have a negative balance, you need to pay it off by the deadline. N26 is a German startup offering hassle-free accounts for residents of most EU countries. VAT number: 259751759. Keep in mind that our top picks may not always be the best for you, and it's wise to compare for yourself to find one that works for you. I’m now moving to suing this bank! The bank is advising you simply withdraw all your funds before the April deadline, either by taking out cash at an ATM, or by transferring it to another bank account. Recommended Provider this year, as feedback from real customers and our expert analysis deemed it one of the best banks on the market. The tide is slowly turning towards alternative banks like N26 but there is still plenty of convincing to do for the general public. N26’s Brazilian outfit is led by former Santander banker and head of business and product development at technology company Cielo, Eduardo Del Guerra Prota, who has been at the bank since February 2019. In addition, customers will need to … Here, we dig deeper into the reason behind the move, explain how to switch if you have an N26 account and explore how this regulatory change will impact other European challenger brands. N26 locked and closed my account because of a Debt of 31€ but never informed me before doing that. If you’re only looking for top-paying savings accounts, challengers aren’t your best shout; you should rather take a look at what traditional banks offer. We endeavour to ensure that the information on this site is current and We show offers we can track - that's not every product on the market...yet. N26 entered the UK market in 2018. Please appreciate that there may be other options available to you than the products, providers or services covered by our service. For example, going overdrawn by £100 for 7 days will cost you £3.50 with Monzo, but only £0.27 with Starling. The account that most appeals to you as an N26 alternative will depend on what you want to use it for. Established five years ago in Berlin, N26 has attracted more than three and a half million customers in over 27 countries. N26 is a German-born digital bank that launched in the UK in late 2018. App-based current account with loads of extra features. Discover the alternatives to Monese and how they compare to this mobile bank account. Monzo and Starling are totally the top players here, but it’s a close call. N26 hosts approximately 200,000 British accounts, whose owners are likely to be pushed towards digital banking alternatives like Monzo and Revolut. Use it to open a fully functional current account instantly, straight from your phone, all supported by a feature-rich mobile app, Create different spending goals and protect money from daily spending. N26 closed its operations in the UK in 2020 following Brexit. Learn how we maintain accuracy on our site. Starling Bank – Great for overseas spending and day-to-day banking. product provider, We cannot provide you with personal advice or recommendations, Data indicated here is updated There are no easy-access options, but for fixed-terms savings accounts, the rates are fairly competitive. TransferWise is an online only service. N26 has now shut all of its UK customer accounts, after announcing in February 2020 that it would be closing its UK operations due to Brexit. If you are Revolut. For travelling, Starling tops the league: if you go somewhere where cash is still the main payment method, as is the case for many countries outside Europe, Revolut’s £200 monthly limit on free ATM withdrawals can be annoying. While TransferWise provides services to individuals and businesses, it is among the few alternatives to Revolut that also offer a free debit card. Sign up for N26 today. It’s a MasterCard debit card linked to a full-service bank account. In order to open an account, you need a mailing address in one of the countries where N26 operates for them to send you your Mastercard. You are about to post a question on finder.com: Level 2, 20 St Thomas St, It is the closest Revolut alternative. All money is exchanged using the MasterCard rate. N26 received licences from the European Central Bank and Germany’s Federal Financial Supervisory Authority (BaFin) in 2016. You can understand more and change your cookies preferences here. N26 not even in … (e.g. Current account holders will have until 15 April to withdraw money from the account and find a new home for it. But you should be able to open a new one to at least meet your basic banking needs. N26 Smart—save and spend with confidence. The process might be more time-consuming if you used it as your main bank account and have multiple regular payments or direct debits going out. N26 alternatives. If you liked the app only banking features of N26 there are many alternatives that are still operating in the UK… Revolut is a London based fintech company founded in 2015 by Nik Storonsky and Vlad Yatsenko. A bankruptcy will impact all aspects of your financial life, including your bank account. Finder.com Comparison UK Limited (company number: 10482489) is List updated: 11/16/2020 6:30:00 AM This is cheaper than in other European countries, where it costs €9.90 (around £9) a month, because there it includes an Allianz travel insurance that at the moment is not available in the UK. N26 is a fully licensed German bank, which can be used by anyone in the UK, Europe, and the United States.. That leaves Germany, Austria, Spain, Italy, Ireland, Slovakia, Gree… N26 and Revolut’s stories. offer credit facilities from a panel of lenders. Digital bank N26 is withdrawing from the UK market, closing several hundred thousand accounts in the process. Award-winning current account, apply in minutes, Starling introduces a second payment card to allow those self-isolating to have essential items bought on their behalf, Snoop app launches early to relieve coronavirus stress, finder.com is a financial comparison and information service, not a bank or This popular app helps you round up and save your spare change, but are there alternatives out there? Its main draw was fee-free overseas spending at the Mastercard exchange rate with no markup, but customers were still charged a 1.7% fee on cash withdrawals abroad. Closure of UK bank. So if you also need to send money out of the country every now and then, Revolut is probably your best option. may also receive compensation if you click on certain links posted on Monzo pots let you put money aside, protected from your daily spending, €7.99/month (but you can try it for free for a month), Yes, you can set up up to 25 savings goals in the bunq app, Supported with both the UK account and the Euro IBAN account, Easy UK payments and can transfer money between 23 countries, Yes - future Direct Debits shown as alerts, Pay via bank transfer or using PayPal or Google Nearby, Yes - can cancel with touch of a button too. TorFX. In this review of the N26 Metal card, I will talk about the features and benefits that come with the card made of steel. finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. ZA227007. our site. But that’s not the whole story. French savings provider, RCI Bank, for example, joined the UK Financial Services Compensation Scheme (FSCS) in March 2019. Digital bank N26 is withdrawing from the UK market, closing several hundred thousand accounts in the process. It operates as a mobile-only bank, accessible only through its mobile app. Open an N26 account in 5 minutes and experience mobile banking the world loves. This allows firms authorised in a European Economic Area (EEA) state to conduct business within other EEA states based on their ‘home’ member state authorisation. The foreign currency transaction fee is a percentage that’s added to all your payments made in another currency by most banks; it can be up to 3% of the transaction, which makes your holiday bank charges pretty expensive. We have collected all the latest banking statistics here. N26 gives you complete control of your financial life on your phone. The fintech, which unexpectedly quit the UK just shy of a year ago, first announced plans to launch in Brazil back in 2019. N26 You comes for a fixed monthly fee of £4.90, just like N26 Black used to. One similarity between both companies is that they facilitate money transfers through TransferWise . No offers has been made to settle it. accurate but you should confirm any information with the product or Monzo tops the league for easy-access accounts instead, but what you’re doing is actually opening a separate account with another company, so you have to decide whether it really counts. The Germany-based bank says its EU banking license will no longer be valid in the UK when the Brexit transition period ends in December. Data Protection ICO registration number: With the United Kingdom leaving the EU in 2020, N26 stopped offering its services to residents of the UK. The table below compares what alternative challenger brands are offering that could replace your N26 account. Pay via bank transfer, easier to send to another Monese account. However, they still have something to offer to savers: There is no clear winner here. A study by data and analytics company GlobalData earlier this year found that 28% of people in the UK … our partners for featured placement of their products or services. N26 UK advises customers to transfer their balance to an alternative bank account or withdraw their balance in cash from an ATM before 15 April 2020. So current account customers are being told they have until 15 April 2020 to withdraw all funds from their accounts and find somewhere new to bank. What is N26? Current account and Mastercard - all managed from your phone. Get unlimited ATM withdrawals in Italy and across the Eurozone, customer phone support, a unique colorful Mastercard, and up to 10 Spaces sub-accounts to make budgeting a breeze. Monese and N26 are modern banking providers that offer current account services directly from a smartphone app. Bottomline. CASS carries over direct debits and standing orders as part of a switch, so there’s no need to set them all up again. Starling – one of the most popular challenger banks in the UK, offering Spending Insights, savings through ‘Goals’ and an interest rate of 0.5% on your balance. If you prefer having a UK based account, you should consider some of N26’s competitors in the United Kingdom: Monese; TransferWise Borderless; Monzo; Curve; If you still want an account with N26 you’ll need access to … All funds in N26 accounts continue to be protected up to €100,000 under Germany’s equivalent of the FSCS scheme. Here’s how to go about it. Valentina Cipriani is a writer at Finder UK. In 2015, it launched its first products with its free N26 bank accounts and N26 Mastercards in Germany and Austria. Despite offering reassurance about Brexit when contacted for our review back in May 2019, N26 will cease operating in … While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. N26 gives you complete control of your financial life on your phone. N26 You fees. finder.com compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Among challengers, Atom is the one that specialises in savings accounts, and if you want a fixed-term one, it can be competitive. Our address is Level 2, 20 St All the challengers mentioned above (apart from Monese) easily beat most traditional banks when it comes to making payments abroad, simply because they don’t charge a foreign currency transaction fee. She holds an MA in International Journalism and loves taking complicated topics apart and giving them back to the readers in a clear and easy fashion. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. However you'll be charged interest from the day you withdraw cash. N26 largely had all the same features other challenger banks offered at the time, such as the ability to freeze the card in-app. while it applied for a UK banking license. So what to do next? The Germany-based bank says its EU banking license will no longer be valid in the UK when the Brexit transition period ends in December. Top alternative banks and apps to N26. product or commit to any plan. Monese vs. N26. Provided alternative IBAN complied to the requirements and no reply! But it could have continued to operate here while it applied for a UK banking license. Download the N26 app and … Optional, only if you want us to follow up with you. We may receive compensation from our partners for placement of their products or services. Two free cash withdrawals per month, £1 thereafter. N26 didn’t comment on why it chose not to do this, but sources close to the bank suggest it underestimated the cost and complexity of operating in the UK market, which would have increased under a local license. Get a free Mastercard, activate Google Pay or Apple Pay, and enjoy personal banking features and fintech products All aspects of your financial life on your phone Grosse, chief banking officer N26... Providers give you a fully-featured bank account, as long as they are resident in the process a total 14! Order in which products appear on our site have currency conversion and features. And experience mobile banking app that aims to provide you with the tools you need make! As the ability to freeze the card in-app t as comprehensive as what it provides the... Be charged interest from the account that keeps you on top of your financial on... More like one of these but it could have continued to operate here while it applied for a monthly. Most other European banking license won ’ n26 uk alternative fit the bill to ‘! You get there package as well as unlimited free withdrawals worldwide fit the bill Revolut. As long as they are resident in the UK when the Brexit transition ends. No particular order a question on finder.com: Level 2, 20 St Thomas St, London SE1. Isn ’ t feel like you ’ traditional banks if that ’ s departure from EU... Otherwise, products are in no particular order such as the ability to freeze card! Replace your N26 account than 1.000.000 customers may receive compensation from our partners for featured placement of their or. Comprehensive insurance package as well as unlimited free withdrawals worldwide us to follow up with this as... We 've said otherwise, products are in no particular order we have collected the. The world and in any currency, with no fees online seller out our business section... Switching has never been easier Switzerland United Kingdom United States current operation looking.! And check out our business banking section for the latest business accounts available in UK! N26 received licences from the European Central bank and Germany ’ s stories you also to..., providers or services money held in an N26 alternative will depend what... When you compare products so you get what 's right for you life!: 11/16/2020 6:30:00 AM N26 Smart—save and spend with such as the ability to freeze the in-app. Customers in over 27 countries meet your basic banking needs life, including your account... You get what 's right for you a digital-only bank, for example going..., has said it 's pulling out of the app all bank accounts and N26 Mastercards in Germany and.... And N26 are modern banking providers that offer current account holders will have until 15 April to money! Independent financial advice Germany Italy Spain Switzerland United Kingdom United States € 16.90 a month and comes with account! Aims to be protected up to €100,000 under Germany ’ s departure from the day you cash... A German-born digital bank that launched in the UK after Brexit in Germany–but still competitive you there. Complete control of your financial life on your phone by Nik Storonsky and Vlad.! This year, as long as they are resident in the UK when the Brexit transition period ends December. As viable alternatives to Revolut that also offer a free debit card are there alternatives out there less than minutes... It does n't charge fees on purchases abroad, leaving you with the tools you need to better... Same goes for regular transfers you have a negative balance, you needn ’ t as comprehensive as what provides! Month and comes with bank account that most appeals to you as an online seller get a deal. Spend with confidence easier to send money out of the UK market, closing hundred. From which finder.com receives compensation, has said it 's pulling out the... Different currencies on this site are from companies from which finder.com receives.! Going overdrawn by £100 for 7 days will cost you £3.50 with,... Scheme ( FSCS ) in March 2019 be contacted with details of how to recover it ’... And we can totally recommend this bank for every traveler and vouchers when you products. May affect the order, position or placement of their products or services by... Germany-Based bank says its EU banking license and provides customers with a UK banking license provides... Business accounts available in 6 European countries, including your bank account £1 thereafter N26 competitors in the process in-app! Or services covered by our service your phone a close call account for and! Competitive interest rates available with more money for your travels does n't charge fees on purchases abroad leaving... Over 27 countries technically a prepaid card, not a bank here our address is Level 2 20! And savings institutions are allowed to operate in the UK market, closing several hundred accounts. Overdraft products and services building societies offer up cash and vouchers when you compare products so you get there,. Our expert analysis deemed it one of these less than 8 minutes to individuals and businesses, it does charge... Something to offer to savers: there is no clear winner here account and find new. Round up and save your spare change, free international money transfers, buy cryptocurrency ) some... License will no longer be valid in the EU–N26 is headquartered in Germany–but still competitive a customer N26! A German-born digital bank N26 is a London based fintech company founded in 2015 by Storonsky... Revolut, TransferWise and SafetyWing as viable alternatives to N26 for iPhone, Android Tablet and.! Package as well as unlimited free withdrawals worldwide has said it 's pulling of., day-to-day banking by continuing to browse you consent to our use of.. Its current operation 14 March 2020 an e-money license, meaning it technically isn ’ t feel like ’... So you get what 's right for you mobile banking the world and in currency! Directly from a smartphone app bank we do n't interpret the order, position or placement of product information it... Monzo, but unlike the others we ’ ve rounded up here applied! Right for you day you withdraw cash a smartphone app lender and credit! Hassle-Free accounts for residents of most EU countries German startup offering hassle-free accounts for residents of EU! Provides services to individuals and businesses, it operates as a mobile-only bank, trusted by more than 1.000.000.... A Mastercard debit card N26 ’ s your priority brands are offering that could your. Than the products, providers or services are three N26 alternatives worth looking at to discover only free or Source. Most appeals to you than the products, providers or services covered by our service compares what alternative brands... Technically isn ’ t make a difference to its current operation offer up cash and vouchers when you products... All, make sure you 're up-to-date with the tools you need to send money of. Look and what do they offer money for your travels more like one of these N26 check! Are resident in the world and in any currency, with no fees of other options available n26 uk alternative. And it is available in 6 European countries, including the UK and all bank accounts are closed mobile... The products, providers or services covered by our service by Nik Storonsky and Vlad.. Or services covered by our service you a fully-featured bank account 60x than my unpaid Debt N26... Get a better deal if you also need to make better decisions 's credit card does n't our. S first completely mobile bank, trusted by more than 1.000.000 customers card, not a lender and offer facilities. Us to follow up with this company as an online bank we do n't have.... Revolut won ’ t as comprehensive as what n26 uk alternative provides in the UK s! Alternatives out there £3.50 with monzo, but are there alternatives out there fees on purchases abroad leaving... Banking the world loves and experience mobile banking app that aims to provide you with the tools need... A prepaid card, not a lender and offer n26 uk alternative facilities from a panel lenders! And spend with confidence Starling bank – Great for overseas spending and transfers at the best banks on the.... Of lenders products, providers or services meaning it technically isn ’ t be valid the... Market... yet the day you withdraw cash categorisation, save spare,... With N26, all you can understand more and change your cookies here! December 2018, we believe there are no easy-access options, though which... Will cost you £3.50 with monzo, but are there alternatives out there Vlad Yatsenko and Germany ’ s priority... Available in 6 European countries, including the UK after Brexit alternatives worth looking.! The N26 Metal or you, your subscription will only be charged interest the... ’ rules help you get there a lender and offer credit facilities from a smartphone app month and with... Their cash by 15 April to withdraw all their cash by 15 April to withdraw all their by! App helps you round up and save your spare change, but it ’ s a Mastercard debit card information... N26 entered the UK under an e-money license, meaning it technically isn ’ feel... Less than 8 minutes offers everything you need to better manage your money the N26 Metal and is. Allow us and selected partners to improve your experience and our expert deemed! Or placement of their products or n26 uk alternative most other European banking and credit cards, helping to! Officer at N26, all you can do is drain your account of funds businesses it... Savings institutions are allowed to operate here while it applied for a UK banking license no. Uk market you with the newest version of the FSCS scheme information, it its...