Banking · Retail bank
N26: a European bank account opened remotely
German bank available online in part of the European Economic Area, with deposits covered by the German guarantee scheme. It does not solve the multi-currency question outside the euro area.
Please note
Characteristics
- Family
- Retail bank
- Regulator
- Not provided
- Regulator country
- Not provided
- Deposit guarantee
- Yes
- Remote opening
- Yes
- Currencies
- EUR
- Services
- Current account · Payment card · International transfers · Savings
- Accepted residencies
- Not provided
- Refused residencies
- Not provided
- Home country
- Germany
Opening an account requires residence in one of the countries served, and this list changes. It must be checked at the time of application: we have not found a dated official page that sets it out in a citable form.
Published figures
- Account feeNot provided
- Brokerage feeNot provided
- Deposit guarantee ceilingup to €100,000n26.com
- Entry ticketNot provided
What the German guarantee protects
Deposited funds are protected up to up to €100,0001 per client under the German deposit guarantee scheme. This is the harmonised ceiling in the European Union, and it applies per institution.
For an expatriate holding accounts in several EU countries, the ceiling is assessed institution by institution and not overall: spreading assets between two banks licensed in two countries amounts to having two separate ceilings.
The limits of a euro account
An account held in euros suits someone who lives in the euro area and receives their income there. Outside that area, it exposes every transaction to currency risk, and the real cost lies in the conversion rather than in the displayed fees.
This is why moving outside the euro area calls for either a local account or a multi-currency account — and why the cost of an international transfer, covered in our dedicated comparison tool, often weighs more heavily than account-keeping fees.
We do not publish this provider's account-keeping fees or foreign withdrawal fees: its pricing pages distinguish between several plans and several countries, and we were unable to capture a dated version that we could cite without risk of confusion.
Sources and verification dates
- 1.
Deposit guarantee ceiling : €100,000
« your funds are protected up to €100,000 by the German Deposit Protection Scheme »