N26 review
Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026
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Our verdict
N26 suits people who want banking costs to stay flat and who move money across currencies often: the monthly fee is €0 and the currency conversion fee is 0%. It is aimed at expats, travelers, students and teens, and savings sit alongside the everyday account.
Key facts
- Best for
- A fee-free, app-based everyday account for people who travel, study abroad or convert currency often.
- Monthly fee
- €0↗
- Deposit protection
- EU DGS up to EUR 100,000↗
- Currency conversion fee
- 0%↗
- Currencies
- from 35↗
- Local account details
- IBAN↗
- Free ATM withdrawals
- €2↗
- Transfer fee
- Free: no extra charge for Wise-powered international transfers; MoneyBeam domestic transfers free↗
- Legal entity
- N26 Bank SE↗
- Headquarters
- Germany↗
- Founded
- 2013↗
- Support channels
- Email, Chat, Phone, Help-centre↗
- Audience
- Expats, Travelers, Students, Teens
- Pricing model
- No monthly fee, Low FX fees
- Features
- Free ATM withdrawals, Joint account, Digital-only
- Official website
- n26.com
Savings
Money transfer
- Exchange rate markup
- 0%↗
- Delivery time
- Instant to 1 business day↗
- Payout methods
- Bank, Card↗
- Fee to send 1,000
- €0↗
Facts checked September 26, 2026, 7 sources
Apps and profiles
- Get the app
- App Store
- Elsewhere
- LinkedInXreddit.com
Pros and cons
Pros
- Deposits are protected through EU DGS up to EUR 100,000, with N26 Bank SE supervised by BaFin in Germany.
- The savings pot is easy access and fully flexible, so deposits and withdrawals happen in any amount, whenever you want.
- Support is broad for an app-based bank, running on email, chat and phone.
Cons
- The savings rate is variable and sits at 0.3% to 1.5%, below the 3% median across savings accounts on the site.
- Local payment details run on iban, so UK sort codes and US ACH numbers are not part of the standard setup.
Who it suits
- Expats, travelers, students and teens who want spending and savings in the same app, with from 35 currencies to hold.
- Readers who move money across borders, since transfers arrive in Instant to 1 business day and pay out to a bank account or a card.
Who should look elsewhere
- Pixpay FR, because its monthly fee of €3.99 suits readers who will put regular use through the account rather than those who want a fee-free everyday account.
- bunq Spain Bank Account, because a currency conversion fee of 3% suits readers banking mainly in euros and converting rarely.
How it compares on our data
On currency conversion fee, N26 takes position 1 of 312 brands. On monthly fee it takes position 1 of 500. Cost of keeping an account and moving money is where it separates from the ones next to it, and that is the side readers weigh first.
Fees and FX
The monthly fee is €0 and the currency conversion fee is 0%. The transfer fee is free too: no extra charge is added to Wise-powered international transfers, and MoneyBeam domestic transfers are free. So the cost of running an everyday account and of sending money abroad both sit at the low end.
How N26 compares
9.1 vs 8.7
N26 vs Airwallex9.1 vs 8.6
9.1 vs 8.0
9.1 vs 8.9
9.1 vs 9.1
9.1 vs 9.2
9.1 vs 8.7Its currency conversion fee is 3%, which suits Spanish-based readers who bank mainly in euros.
N26 vs Qonto Portugal Business Account9.1 vs 8.7
N26 vs Pixpay FR9.1 vs 8.7Its monthly fee is €3.99, so it only makes sense for readers who will use the account enough to cover that.
9.1 vs 9.0
9.1 vs 8.7
N26 vs CitiBank AE9.1 vs 9.5
9.1 vs 9.4
9.1 vs 9.3
9.1 vs 9.2
9.1 vs 9.2
9.1 vs 9.2
9.1 vs 9.2
9.1 vs 9.2
9.1 vs 9.2
9.1 vs 9.1
N26 vs Papaya Global9.1 vs 9.0
9.1 vs 9.0
N26 vs PagBank9.1 vs 8.9
N26 vs Monzo9.1 vs 8.9- 9.1 vs 8.9
9.1 vs 8.7
9.1 vs 8.5
9.1 vs 8.5
9.1 vs 8.5
9.1 vs 8.4
9.1 vs 8.3
9.1 vs 8.2
9.1 vs 8.1- 9.1 vs 8.1
9.1 vs 8.0
9.1 vs 8.0
9.1 vs 8.0
N26 vs Revolut AU9.1 vs 9.1
Where N26 is available
- Available
- Austria, Belgium, Denmark, Estonia, Finland, France, Germany, Greece, Iceland, Ireland, Italy, Liechtenstein, Luxembourg, Netherlands, Norway, Poland, Portugal, Slovenia, Spain, Sweden, Switzerland
- Licence in Germany
- Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin), checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What does N26 cost to keep open each month?+
The everyday account is free to run: the monthly fee is €0, and N26 sits at position 1 of 500 brands on that column. Spending, savings and support all sit in the same app, so holding the account costs nothing to maintain.
How much does it cost to convert or send money abroad?+
Foreign currency conversion costs 0%, and the exchange rate margin is 0%. The transfer fee is free: no extra charge is added to Wise-powered international transfers, and MoneyBeam domestic transfers are free. That keeps the cost of moving money abroad close to nothing.
How quickly do transfers arrive, and how can I be paid?+
Transfers are delivered in Instant to 1 business day, and the money can be paid out to a bank account or to a card. Short waits matter if you pay rent or a supplier in another currency and need the funds to land the same day.
Is my money protected, and who supervises the bank?+
Protection runs through EU DGS up to EUR 100,000. The account is held by N26 Bank SE, which sits under BaFin supervision in Germany, so eligible deposits sit under the EU guarantee rather than a plain e-money balance. That is the part to weigh if you keep a larger balance on the account.
Can I reach my savings at any time?+
The savings pot is easy access and access is fully flexible: you can deposit and withdraw any amount whenever you want. Money is reachable as soon as it lands, which suits readers who keep a buffer on the account rather than locking it away. The trade-off sits in the rate, which is variable.
What interest rate do the savings pay?+
Savings pay 0.3% to 1.5% and the rate type is variable, so the number can move over time. Treat it as somewhere for short-term balance rather than a term deposit, and compare fixed accounts in the savings tables first if the rate matters more than access.
Sources
- n26.com/en-eu/about-n26 checked September 26, 2026
Backs: Founded
“2013 - N26 is founded in Berlin, pioneering a new way of digital banking in Europe.”
- n26.com/en-eu/foreign-currency-exchange checked September 26, 2026
Backs: Currencies, Transfer fee, Fee to send 1,000
“With 35+ currencies and real-time market rates, you can send money around the globe”
- n26.com/en-eu/foreign-transaction-fee checked September 26, 2026
Backs: Currency conversion fee
“At N26, all our accounts feature free card payments worldwide - as often as you like and with no foreign transaction fees.”
- n26.com/en-eu/imprint checked September 26, 2026
Backs: Deposit protection, Headquarters, Legal entity, Licences
“N26 Bank SE, Voltairestraße 8, 10179 Berlin”
- n26.com/en-eu/international-money-transfer checked September 26, 2026
Backs: Delivery time, Exchange rate markup, Payout methods
“some payments will be processed instantly, and most will be completed in one business day”
- n26.com/en-eu/pricing checked September 26, 2026
Backs: Free ATM withdrawals, Audience, Features, Local account details, Pricing model, Monthly fee, Support channels
“Free ATM withdrawals in euros: 2 per month (Standard); 2 free ATM withdrawals in euros”
- n26.com/en-eu/savings-account checked September 26, 2026
Backs: Access terms, Account kind, Headline rate, Rate type
“No need to lock your money away. Deposit and withdraw any amount, whenever you want.”
Compiled from 7 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Licence type.
Related by the facts
N26
A fee-free, app-based everyday account for people who travel, study abroad or convert currency often.