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Updated September 28, 2026 · VaultCue Editorial Team

N26 vs Up

N26 scores 9.1 and Up 9.4 out of 10. Compare their differences and shared features below.
N26

N26

9.1/10
Visit
Up

Up

Higher score in this comparison

9.4/10
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N26 vs Up: the differences

N26 vs Up
CompareN26N26ReviewVisitVisitUpUpReviewSee alternativesSee alternatives
Monthly fee€0A$0
Free ATM withdrawals€2A$0
Transfer feeFree: no extra charge for Wise-powered international transfers; MoneyBeam domestic transfers freeFree for domestic Pay Anyone transfers, BPAY and direct debits; international transfers sent via Wise
Deposit protectionEU DGS up to EUR 100,000Not confirmed
Currenciesfrom 35Not confirmed
Local account detailsIBANNot confirmed

Same on both: Currency conversion fee (0%).

We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings. Partners with a live offer in your country come first, then every other brand by score.

Key differences

  • Up scores higher overall: 9.4 vs 9.1.
  • N26 is available in 20 more countries.
  • Audience: only N26 offers Expats, Student, Teen.
  • Features: only N26 offers Digital only.

Our verdict on each

N26

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.

Read the full N26 review

Up

Up suits anyone who wants an everyday Australian account that charges no monthly fee and no currency conversion fee. The monthly fee is AUD 0, the currency conversion fee is 0%, and the account is provided by Bendigo and Adelaide Bank Limited, with a variable rate on balances.

Read the full Up review

Score breakdown

N26 vs Up
AreaN26Up
Cost9.4Fees of €0 monthly and 0% to convert sit at position 1 of 500 and 1 of 312.9.4Cash withdrawals are free within the allowance of AUD 0 and the minimum deposit is AUD 0, so running costs stay low.
Offer9.5HigherAimed at expats, travelers and student, holding from 35 currencies, with a joint account, digital-only service and easy-access savings.9.2Built for travelers, with help on chat, phone and email and an Australian Credit Licence, 237879.
Trust8.5Not confirmed

How they place

N26 vs Up
RankingN26Up
Savings accounts22 of 1420110 of 1420

Every fact side by side

N26 vs Up
FactN26Up
AudienceExpats, Travelers, Student, TeenCovers moreTravelers
Pricing modelNo monthly fee, Low FXNo monthly fee, Low FX
FeaturesFree ATM, Joint account, Digital onlyCovers moreFree ATM, Joint account
Legal entityN26 Bank SEBendigo and Adelaide Bank Limited
HeadquartersGermanyAustralia
Founded2013Not confirmed
Support channelsEmail, Chat, Phone, Help centreChat, Phone, Email, Help centre

Savings

N26 vs Up
FactN26Up
Headline rate0.3% to 1.5%Not confirmed
Rate typeVariableVariable
Minimum depositNot confirmedA$0
Access terms100% flexible: deposit and withdraw any amount, whenever you wantOn-demand easy access via the Up app; interest activates after 5 eligible card purchases in a month, no deposit required
Account kindEasy accessEasy access

Money transfer

N26 vs Up
FactN26Up
Exchange rate markup0%Not confirmed
Delivery timeInstant to 1 business dayNot confirmed
Payout methodsBank, CardNot confirmed
Fee to send 1,000€0Not confirmed

Where each stands against the rest

N26 vs Up
FactN26UpMedian
Currency conversion fee0%below the median0%below the median0.5%
Currenciesfrom 35highest quarterNot confirmed5

Median across 536 listed accounts.

Pros and cons

N26

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.

Up

Pros

  • No monthly charge on the everyday account: AUD 0.
  • No currency conversion fee: 0%.
  • Joint accounts and free cash machine withdrawals are both on the free atm and joint account list.

Cons

  • Interest activates only after a set number of eligible card purchases in a month, so a balance must see card spending first.
  • The account kind is easy access with a variable rate, so a fixed-rate term is not part of the deal.

Who each suits

N26

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.

Up

Who it suits

  • People in Australia who want a current account with AUD 0 a month and 0% on currency conversion.
  • The travellers Up is aimed at, since its listed audience is travelers.
  • Pairs who want to share one account, as a joint account appears under free atm and joint account.

Who should look elsewhere

  • Readers who want a euro account rather than an Australian one, since €0 a month at XTB and €0 at AXI Card Tarjeta y Credito sit outside Up's Australian base.
  • Anyone focused mainly on moving money rather than holding a bank balance, where Skrill charges €0 a month.

Current offers

N26

Current offer

  • Bonus

    1% travel cashback: 1% cashback for up to 12 months on qualifying Mastercard transactions outside the EEA, Switzerland and the UK

    N26 Go and Metal customers only; enrolment required via in-app message, email or push notification; up to 12 months

    Source, checked September 26, 2026

Up

Current offer

  • Bonus

    Sign up & SCORE $10 with code UPYEAH10: $10 AUD

    Code must be used at sign-up via the Up app; offer only applies to individuals opening a new Up Everyday Account

    Source, checked September 26, 2026

Country by country

N26 vs Up
CountryN26Up
AustraliaNoYes
AustriaYesNo
BelgiumYesNo
DenmarkYesNo
EstoniaYesNo
FinlandYesNo
FranceYesNo
GermanyYesNo

8 of 22 countries where either is available.

Questions about each

N26

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.

Up

What does it cost to hold an Up account?+

Up charges a monthly fee of AUD 0 on the everyday account, and the currency conversion fee is 0%. The minimum deposit is AUD 0. Domestic Pay Anyone transfers, BPAY and direct debits are free, while international transfers are sent through Wise.

Who provides the account and what licence is behind it?+

The account comes from Bendigo and Adelaide Bank Limited, Bendigo and Adelaide Bank Limited, which is based in Australia, AU. Up also holds an Australian Credit Licence, 237879, and an Australian Financial Services Licence in Australia.

Other options to compare

N26

Visit

Up

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