N26 Review

N26 Review Summary

N26 is a worldwide online bank that provides mobile banking solutions in the European Union. It offers services such as international money transfer, investment, overdraft, and cash withdrawals and deposits in stores. It also offers a range of other banking services, such as fixed accounts and current accounts. The company's primary focus is on expanding its digital banking experience. In the coming year, the bank will add investment products to its existing range of services. The goal is to offer a complete digital banking experience that allows customers to manage their money without having to leave the comfort of their home.

N26 review
N26 Features

N26 Year Established

2013

N26 International Clients

N26 accepts international clients.

N26 Age requirement

18 years

N26 Currencies Offered

54 online

N26 Minimum Transfer

none

N26 Transfer Fees

0.5-3 EUR

N26 Office Locations

Headquarters in US, with subsidiary offices and certified agents literally across the globe.

N26 Employees

1500

N26 Turnover

151500000

N26 Regulation

German financial regulatory authority BaFin's

N26 Fees

N26 transfer fees are 0.5-3 EUR.

Fees with N26 may vary per transfer, depending on method of sending, currencies and amount. Based on World Bank statistics, the fixed fee can be as high as 19 Pounds for 120 Pound transfer to Ethiopia (source).

Additionally to the fixed fees taken by N26, the World Bank Statistics reveal that an additional markup of between 1 and 4 per cent is incurred.

N26 Client Rating

N26 has a rating of 3.

Number of N26 customers

7,000,000

N26 Website

https://moneyaccounts.com/vs/torfx-vs-rabobank/

N26 Supported Languages

Month Savings
January $100
February $80

N26 Review

N26 review
Pros and Cons of Transferring Money with N26

Most of the time money transfers with N26 will be smooth. Each money transfer service have their own benefits and isses, so always weigh the pros and cons of sending money with N26 money prior to submitting an application to N26.

Can you easily afford the N26 fees, are the exchange rate costs reasonable with N26?

N26 review
N26 Advantages

  • N26 has been in business over 4 years
  • N26 is availble in many international countries.
  • N26 offers a wide range of money transfer currency options.
  • N26 offers phone support.
  • N26 offers email support.
  • N26 offers an Apple iOS mobile application.
  • N26 offers an Android Google Play Store mobile app.

N26 review
N26 Disadvantages

  • N26 does not offer PayPal as a payment method
  • N26 does not offer Neteller as a payment method
  • N26 does not offer Skrill as a payment method
  • N26 does not offer a mobile wallet.
  • N26 does not offer Home delivery for money transfers.
  • N26 does not offer Cash pickups for money transfers.
  • N26 does not offer Money orders.
  • N26 does not offer Livechat support.

What Is N26?

N26 is a financial service company, that offers its clients money transfer services.

N26 was founded in 2013 by Sergi Perez Lerin and has offices in Berlin, DE.

N26 provides money transfer services to its 7,000,000 customers who are from all over the world including over 38 countries.

The Berlin, DE N26 business was founded in 2013 to deliver money orders locally and internationally.

Do N26 Offer Money Transfer?

Money transfer businesses, or other financial corporations use EFT (electronic funds transfer) to send money across distances, large or small. That is to say that it is not actual money being sent, it is rather data that represents the amount being sent that the recipient can withdraw whenever they wish.

Is N26 Trusted And Established?

N26 is among the most recognized and reputable money transfer platforms. It has an exceptional track record and offers reasonable rates.

N26 was established in 2013 in Berlin, DE, and has been in operation for around 11 years N26 have a head office in Berlin, DE.

N26 review
How much does it cost to send a N26 Transfer?

N26 money transfer exchange rates are quite minimal compared to banks and other money transfer providers. A minimal percentage is charged on top of the exchange rate as standard practice. N26 only charges 0.5-3 EUR, when compared to other money transfer service providers.

N26 review
How much can I send with N26?

The maximum transfer amount with N26 is up to 999999999 EUR (SEPA Credit Transfer), 100000 EUR (Sepa Instant Credit Transfer) (or its currency equivalent) online.

While N26 charges a small percent of transfer fees, the brand offers reasonable exchange rates.

N26 review
N26 Money Transfer Terms and Conditions

When transferring money with N26, it is crucial to keep tabs on the following:

  1. N26 Speediness. Often the need to money transfer may be urgent and time critical.
  2. N26 Reliability and reputation. The safety of money and personal information can be a concern for those wanting to use international money transfer services to send money.
  3. N26 Transaction charges. Transaction charges are important as the majority of customers wish to send money overseas without having to worry about paying excessive charges.
  4. N26 Ease of use, and convenience. Your money transfer platform should be flexible and offer a good range of options and features, making it more convenient for customers to send money overseas.
  5. N26 Customer service. Because one can often run into problems when transferring money. A money transfer platform with excellent customer service could solve a lot of problems. N26 customer service should respond to your queries quickly and work with you to resolve any issues that you have.

N26 review
How N26 Compares To Other Money Transfer Companies

NameN26XE Money TransferWise Multi-Currency Account
Usedby7,000,00028000000011000000
Transfer Time5 business days1-4 business days1-2 business days
Min TransfernoneUS$1.001 USD
Max Transfer999999999 EUR (SEPA Credit Transfer), 100000 EUR (Sepa Instant Credit Transfer)US$500,000.00 (or equivalent)1000000 USD/transaction/day (personal), 3000000 USD/transaction/day (business)
Payment MethodsMaestro and debit Mastercard, or use MoneyBeam to send funds to other N26 users. Add your debit Mastercard to Google Pay or Apple Pay for quick digital payments wherever you are.Bank transfer, credit card, debit cardBank transfer, debit card, credit card, SOFORT transfer
iOS Appyesyesyes
Android Appyesyesyes

N26 review
N26 Risk Warning

Any taxes or charges are payable in the destination country. costs may exist that are not paid through N26 or imposed by N26. Your N26 money transfer transaction may be cancelled if it is demmed to be connected with prohibited activities including all applicable laws regarding anti money laundering or counter terrorism financing laws. or the transaction is actioned through unauthorised use of your N26 account.

N26 review
N26 Fees & Exchange Rates

Several money transfer platforms like N26 charge money for every money transfer a customer makes through their platforms. Other than that, every time an individual exchanges money from one particular currency to another, the money transfer operator in this case N26 may charge for a currency exchange.

N26 review
N26 Transfer Fees

A transfer fee is the sum of money that a money transfer operator like N26 charges a customer for transferring money to a recipient. The amount charged depends on the operator charging it.

N26 review
N26 Exchange Rate Margins

Exchange rate margins are how N26, banks and other financial corporations make profit off their services instead of charging customers with commission fees.

When a bank or a money transfer service like N26 quotes an exchange rate to a customer, they usually take the interbank rate and add an amount known as a margin rate. Check with N26 to see what their exchange rate margin is.

N26 review
N26 Methods to Transfer Funds

A N26 fund transfer is when someone sends money from their account to another person's account. Money can be transferred using different methods, e.g. online, via the phone, or a mobile app.

The methods to transfer funds are:

  • Manual EFT
  • Automatic EFT
  • Bill payment
  • Correction

N26 enables users to transfer money using bank transfer, via none.

N26 review
N26 Currencies Supported

Money transfer operators that offer more currency options are beneficial because they make for reduced conversion fees. This way customers do not have to pay exorbitant conversion fees when transferring money.

N26 offers every available world currency to its customers. We list the major N26 supported currencies below.

N26 Money Transfer Currencies
NameCurrencies
AED, AUD, BGN, BRL, CAD, CHF, CZK, DKK, EUR, GBP, HKD, HRK, HUF, IDR, INR, JPY, MYR, NOK, NZD, PLN, RON, TRY, SEK, SGD, USD, ARS, BDT, BWP, CLP, CNY, COP, CRC, EGP, GEL, GHS, ILS, KES, KRW, LKR, MAD, MXN, NGN, NPR, PHP, PKR, RUB, THB, UAH, UGX, UYU, VND, XOF, ZAR, ZMW
AED, BDT, BHD, BTN, HKD, IDR, ILS, INR, JOD, JPY, KWD, LKR, MYR, NPR, OMR, PHP, PKR, QAR, RUB, SGD, THB, TRY, TWD, VND, BAM, BGN, CHF, CZK, DKK, EUR, GBP, HRK, HUF, NOK, PLN, RON, RSD, SEK, BBD, CAD, CRC, DOP, GTQ, HNL, JMD, MXN, TTD, USD, XCD, AUD, FJD, NZD, TOP, WST, ETB, GHS, GMD, GNF, KES, MAD, MUR, MZN, RWF, SLL, TND, TZS, UGX, ZAR, ARS, BOB, CLP, COP, GYD, PEN, PYG, UYU
AED, ARS, AUD, BDT, BGN, BWP, CAD, CHF, CLP, CNY, CRC, CZK, DKK, EGP, EUR, GBP, GEL, GHS, HKD, HRK, HUF, IDR, ILS, INR, JPY, KES, KRW, LKR, MAD, MXN, MYR, NGN, NOK, NPR, NZD, PEN, PHP, PKR, PLN, RON, RUB, SEK, SGD, THB, TRY, TZS, UAH, UGX, USD, UYU, VND, XOF, ZAR, ZMW
ALL, ARS, EUR, BSD, BDT, XOF, BOB, BRL, BGN, BIF, USD, XAF, CLP, CNY, COP, KMF, CRC, HRK, CZK, DOP, EGP, ETB, FJD, GMD, GHS, GTQ, GNF, GYD, HNL, HUF, INR, IDR, JMD, JPY, JOD, KES, MGA, MWK, MYR, MXN, MAD, NPR, NGN, PKR, PYG, PEN, PHP, PLN, RON, RUB, RWF, SLL, ZAR, KRW, LKR, TSZ, THB, TND, TRY, UGX, UYU, VND, ZMW
AED, AUD, BGN, BRL, CAD, CHF, CZK, DKK, EUR, GBP, HKD, HRK, HUF, IDR, INR, JPY, MYR, NOK, NZD, PLN, RON, TRY, SEK, SGD, USD, ARS, BDT, BWP, CLP, CNY, COP, CRC, EGP, GEL, GHS, ILS, KES, KRW, LKR, MAD, MXN, NGN, NPR, PHP, PKR, RUB, THB, UAH, UGX, UYU, VND, XOF, ZAR, ZMW
AED, EUR, PLN, AUD, GBP, SEK, CAD, HKD, SGD, CHF, HUF, USD, CZK, NOK, ZAR, DKK, NZD
AED, ARS, AUD, BDT, BGN, BRL, BWP, CAD, CHF, CLP, CNY, COP, CRC, CZK, DKK, EGP, EUR, FJD, GBP, GEL, GHS, HKD, HRK, HUF, IDR, ILS, INR, JPY, KES, KRW, LKR, MAD, MXN, MYR, NGN, NOK, NPR, NZD, PHP, PKR, PLN, RON, RUB, SEK, SGD, THB, TRY, TZS, UAH, UGX, UYU, VND, XOF, ZAR, ZMW
AUS, SGD, HKD, INR, MYR, EUR, GBP, USD, CAD, JPY, NZD
USD, AUD, CHF, EUR, HKD, JPY, BBD, BMD, BSD, DKK, GYD, INR, JMD, KYD, MXN, NOK, NZD, SAR, SEK, SGD, TTD, ZAR, GBP
AUD, BGN, CAD, HRK, CZK, DKK, EUR, HKD, HUF, INR, ILS, JPY, JOD, MYR, MAD, NZD, NOK, OMR, PLN, GBP, QAR, RON, SAR, RSD, SGD, ZAR, KRW, SEK, CHF, THB, TRY, AED, USD
AED, AUD, BND, CAD, CHF, CZK, DKK, EUR, FJD, HKD, HUF, IDR, ILS, INR, IRR, JPY, KRW, KWD, LKR, MAD, MXN, MYR, NGN, NZD, OMR, PEN, PGK, PHP, PKR, PLN, SAR, SCR, SDG, SEK, SGD, THB, TOP, TRY, TWD, USD, VND, VUV, WST, XOF, XPF, ZAR
EUR, GBP, USD, CAD

N26 review
N26 Transfer Options

N26 offers the following transfer options:

N26 Money Transfer Options Compared
NameTransfer Options
Bank deposit
Bank deposit
Bank deposit, mobile wallet deposit
Bank deposit, cash pick-up, home delivery, mobile wallet deposit.
Bank deposit, mobile wallet deposit
Bank deposit, mobile wallet deposit
Bank deposit, mobile wallet deposit
Bank deposit, cash pick-up (Philippines)
bank deposit, cheque, wire transfer, debit card, credit card
Bank deposit, cash pick-up, VISA & MasterCard, ATMs, mobile wallet deposit (depending on country)
Bank deposit
Bank deposit, cash pick-up , door-to-door delivery

Single Payments

’Single payments’ is a term used to recognize a one-time money amount from an allowance. For a single payment, the user may use a single credit card (or debit card) and have a single invoice.

Regular Payments

A regular payment is a highly economical and easy way to transfer money with N26. It is best suited for customers who have to transfer regular smaller amounts (usually three, four, or smaller five-digit amounts).

N26 review
Who N26 Services Are Available To

N26 offers services for sixty different currencies across more than one-seventy countries.

The more global a money transfer operator becomes, the more reliable it is for people across the globe.

N26 Country Restrictions

N26 does not operate in the following countries :

  • Afghanistan
  • Aland Islands
  • American Samoa
  • Angola
  • Anguilla
  • Antarctica
  • Antigua and Barbuda
  • Barbados
  • Belize
  • Benin
  • Bhutan
  • Bonaire (including Sint Eustatius and Saba)
  • Bouvet Island
  • British Indian Ocean Territory
  • Burkina Faso
  • Burundi
  • Cape Verde
  • Central African Republic
  • Chad
  • Cocos (Keeling) Islands
  • Comoros
  • Congo
  • Democratic Republic of
  • Congo
  • Republic of
  • Cook Islands
  • Crimea
  • Cuba
  • Curacao
  • Djibouti
  • Equatorial Guinea
  • Eritrea
  • Faroe Islands
  • Fiji
  • French Guyana
  • French Polynesia
  • French Southern Territories
  • Gabon
  • Gambia
  • Greenland
  • Grenada
  • Guadeloupe
  • Guinea
  • Guinea-Bissau
  • Guyana
  • Haiti
  • Heard Island and Mcdonald Islands
  • Holy See (Vatican City State)
  • Iran
  • Iraq
  • Ivory Coast (Cote d'Ivoire)
  • Japan
  • Kiribati
  • Kosovo
  • Kyrgyzstan
  • Lao People’s Democratic Republic
  • Lebanon
  • Liberia
  • Libya
  • Macao
  • Mali
  • Marshall Islands
  • Martinique
  • Mauritania
  • Mayotte
  • Micronesia
  • Federated States of
  • Montserrat
  • Myanmar
  • Namibia
  • Nauru
  • New Caledonia
  • Niger
  • Niue
  • Norfolk Island
  • North Korea
  • Northern Mariana Islands
  • Palau
  • Palestinian Territory
  • Papua New Guinea
  • Reunion
  • Pitcairn
  • Rwanda
  • Saint Barthelemy
  • Saint Helena
  • Saint Kitts and Nevis
  • Saint Lucia
  • Saint Martin
  • Saint Pierre and Miquelon
  • Saint Vincent and the Grenadines
  • Sao Tome e Principe
  • Seychelles
  • Sierra Leone
  • Sint Maarten
  • Solomon Islands
  • Somalia
  • South Georgia and the South Sandwich Islands
  • Sudan (North and South)
  • Suriname
  • Svalbard and Jan Mayen
  • Syria
  • Tajikistan
  • Timor-Leste
  • Togo
  • Tokelau
  • Tonga
  • Turkey
  • Turkmenistan
  • Turks and Caicos Islands
  • Tuvalu
  • Vanuatu
  • Venezuela
  • Wallis and Futuna
  • Western Sahara
  • Western Samoa
  • Yemen
  • Zimbabwe
  • Crimea
  • Cuba
  • Iran
  • Libya
  • North Korea
  • South Sudan
  • Sudan
  • Syria

Certain countries are restricted because N26 is not allowed to legally operate in those regions or it is not economically viable for N26 to provide money services in these regions.

N26 review
N26 International Money Transfers

An International Transfer is when someone sends money from their account in one country to a bank account in another country.

Setting up your N26 money transfer is quick and simple with the modern N26 online platform.

Transferring money internationally used to be a tedious process 10 years ago but advances in software and the internet have made transferring money allot easier.

These days, you can send a money transfer with ease on the N26 website.

The N26 website includes useful and easy-to-access option for those who wish to track their money and monitor when it can be received, providing a safe and accessible option if you'd like to keep an eye on your transfer.

N26 review
N26 Minimum Money Transfer

Several money transfer companies do not have a minimum money transfer amount. Making it easy for their users to send small amounts of money. N26 has a minimum transfer amount of none.

N26 review
N26 Maximum Money Transfer

Money transfer companies often do not have maximum transfer limits. For example, N26 does not have a maximum transfer limit when the user is paying through phone. There is however, a 999999999 EUR (SEPA Credit Transfer), 100000 EUR (Sepa Instant Credit Transfer) limit per transaction for online transfers.

N26 review
N26 Money Transfer Fees and Charges

These are the fees charged by N26 and other money transfer companies (or other financial corporations) for transferring money. Several companies however, do not charge their users for transferring money. The only charges there are to pay are currency conversion charges.

N26 review
How Long Does It Take to Get a N26 Money Transfer

N26 money transfers do not usually take very long. It normally takes less than 24 hours for a money transfer to complete between two accounts with the same financial corporation. While in the case of money transfers with money transfer services like N26, it can take a little as a few minutes. If the money is being sent overseas, it can take up to five days for the recipient to receive the money from N26.

N26 review
N26 PLC Status

If a company has the acronym PLC at the end of its name, it means that the business offers its shares to the public and is traded on a public stock exchange. This alone makes the company more reputable. N26 is not a publically listed company. N26 is a privately owned company.

N26 review
N26 Money Orders

The charges for issuing money orders with N26 are 0.5-3 EUR.

N26 review
N26 Mobile Top Up

N26 offers mobile top ups.N26 mobile top ups are where a user can add credit to a recipient’s mobile phone number. The recipients number has to be local. These are normally processed within minutes, if not seconds.

N26 COVID-19 Help

Some money transfer companies offer COVID-19 financial assistance. This may be in many forms including payment holidays, reduced interest rates and more options to pay. Check with N26 directly to see what they are able to offer if you are adversely affected by COVID-19.

Who are N26 Money Transfers Best For

There may be many reasons you are looking to action a money transfer with N26. These reasons can include debt consolidation, medical bills, student debt, collection agency debt, wedding costs, holidays, home repairs and repaying friends and family.

N26 money transfers are best for people looking for looking for a reliable fast money transfer service.

N26 Guide for Fast Money Transfer Approval

For N26 to be able to process your money transfer application as quickly as possible make sure you have everything N26 need. If you and N26 need to go back and forth it may delay the N26 application process. Make sure every piece of information you give N26 is accurate.

Please note that you must have at least a minimum of one active bank account for N26 to process your money transfer.

N26 Application Time

Application time refers to the amount of time you have to wait for your N26 registration to be approved. This should not take long, especially if you have nothing which should come up as red flag on the N26 system.

N26 Approval Time

It is the time it takes for N26 money transfer operator to approve the money transfer being made. Depending on the situation this can take up to five days.

N26 Funding Time

It is the amount of time it takes for the recipient to receive the money transfer. Once your N26 money transfer has been approved the money should be in your account within four working days.

N26 review
Things to Check Before a N26 Money Transfer

Why more features are useful for modern life’s and why new challenger banks are starting to beat traditional banks.

Here are a number of important things to consider before considering N26 money transfer:

  1. Reliability and safety
  2. Making preparations before the transaction
  3. Convenience
  4. Transfer and conversion rates
  5. The quality of the customer service offered

N26 review
N26 Customer Support

N26 support should be there to help customers with their issues which includes answering their queries, guiding them through and difficult processes and issues when transferring money. N26 customer support should troubleshoot any issues with you until you get to a resolution that you are happy with.

When getting a N26 money transfer you will want to speak to a N26 representative in a language that you are comfortable with. All your Money Transfer queries and issues should be resolved quickly.

N26 review
Does N26 Offer Live Chat?

Customers can reach out to N26 through live chat to resolve N26 money transfer account issues or difficulties with their N26 account that they can't solve. Live chat, or live support is a real-time live chat feature used by customer support representitives allowing customers to instant message to and receive guidance from a trained agent regarding a your money transfer related query.

N26 review
How does N26 Compare with Other Money Transfer Companies?

When deciding upon a money transfer company like N26 you will want to know how N26 compares with other leading online money transfer companies. See how N26 compares below.

  1. Visit N26 alternative XE Money Transfer

    Used By: 280000000
    Currencies Available: 76
    Transfer Fees: none
    Payment Methods: Bank transfer, credit card, debit card
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: US$1.00
    Max Transfer: US$500,000.00 (or equivalent)
    Year Founded: 1993

  2. Visit N26 alternative Wise Multi-Currency Account

    Used By: 11000000
    Currencies Available: 54
    Transfer Fees: 0.5%-1%
    Payment Methods: Bank transfer, debit card, credit card, SOFORT transfer
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: 1 USD
    Max Transfer: 1000000 USD/transaction/day (personal), 3000000 USD/transaction/day (business)
    Year Founded: 2011

  3. Visit N26 alternative Remitly

    Used By: 3000000
    Currencies Available: 63
    Transfer Fees: 0-3.99$
    Payment Methods: Bank transfer, credit/debit card
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: US$1.00
    Max Transfer: US$20,000.00
    Year Founded: 2011

  4. Visit N26 alternative Wise

    Used By: 11000000
    Currencies Available: 54
    Transfer Fees: 0.5%-1%
    Payment Methods: Bank transfer, debit card, credit card, SOFORT transfer
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: US$1.00
    Max Transfer: US$1,000,000 (varies based on currency)
    Year Founded: 2011

  5. Visit N26 alternative CurrencyFair

    Used By: 150,000
    Currencies Available: 17
    Transfer Fees: 0.45%
    Payment Methods: Bank transfer, debit card
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: £5.00 (or equivalent)
    Max Transfer: £10,000,000.00 (or equivalent)
    Year Founded: 2009

  6. Visit N26 alternative Wise Business

    Used By: 11000000
    Currencies Available: 55
    Transfer Fees: 0.5%-1%
    Payment Methods: Bank transfer, debit card, credit card, SOFORT transfer
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: 1 USD
    Max Transfer: 1000000 USD/transaction/day (personal), 3000000 USD/transaction/day (business)
    Year Founded: 2011

  7. Visit N26 alternative InstaReM

    Used By: 130000000
    Currencies Available: 11
    Transfer Fees: 0%-1%
    Payment Methods: bank transfer, POLi payment (Australia), debit card (EU residents), ACH Pull (US residents), FPX (Malaysian residents)
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: $1 (minimum sending amounts could differ based on certain currency pairs)
    Max Transfer: No limit (different countries have regulatory limits on outward and inward flow of remittances originating from or to the country)
    Year Founded: 2014

  8. Visit N26 alternative Scotiabank

    Used By: 25,000,000
    Currencies Available: 23
    Transfer Fees: none
    Payment Methods: Bank transfer, debit card, credit card, apple pay, google pay, Scotiabank Saddletone gift cards
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: none
    Max Transfer: 10000 USD
    Year Founded: 1832

  9. Visit N26 alternative Skrill

    Used By: 120,000
    Currencies Available: 33
    Transfer Fees: none
    Payment Methods: Cash, bank transfer, debit card, credit card, e-wallet, cryptocurrency (depending on country)
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: US$1.00 (varies based on certain currencies)
    Max Transfer: US$2,500.00 / day (weekly and monthly limites also apply)
    Year Founded: 2001

  10. Visit N26 alternative MoneyGram US

    Used By: 150000000
    Currencies Available: 46
    Transfer Fees: 0-1.99$
    Payment Methods: pay by card or directly from your bank account
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: none
    Max Transfer: 3000 USD
    Year Founded: 1940

  11. Visit N26 alternative Xoom

    Used By: 250000000
    Currencies Available: 4
    Transfer Fees: 0$-40$
    Payment Methods: Bank transfer, debit/credit card, PayPal balance
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: US$10.00
    Max Transfer: 2999 USD/day, 6000 USD/month, 9999 USD/3 months
    Year Founded: 2001

N26 review
N26 Website and Mobile Apps

N26 has a website available online but it may be useful to manage your N26 account from your mobile device like your tablet or phone.

N26 offers an Android mobile application on the Google Play store.

N26 offers an Apple IOS mobile application for iPhones and iPads allowing N26 to users to check their N26 accounts on their iOS mobile devices.

N26 review
N26 Deposit and withdrawal Methods

N26 offers the following Money Transfer payment methods: Maestro and debit Mastercard, or use MoneyBeam to send funds to other N26 users. Add your debit Mastercard to Google Pay or Apple Pay for quick digital payments wherever you are.. All of significant bank systems are all acknowledged with N26.

N26 offers ACH Payment which is used for direct deposit and debit transfers within the US. It is similar in nature to BACS (for the UK) and EFT (for Canada). Users can pay through bank transfer.

The recipient will receive the money in their bank account and can withdraw it using the method they prefer. They cannot, however, receive the money in the form of cash.

Take note that N26 may charge additional commissions and fees when using certain payment and withdrawal methods. These fees may not necessarily come from N26.

N26 review
Is My Money Safe With N26?

N26 is a reliable, secure, and trusted option for sending money overseas. N26 are registered and regulated with the German financial regulatory authority BaFin's.These regulatory licenses have strict rules that are enforced. These regulations safeguard the funds entrusted to them by N26 customers.

N26 review
N26 Financial Regulation and Safety of N26 Funds

Every business that wants to send money across borders (in excess of €3 million per month) must be licenced under the Payment Services Regulations 2017 and the Electronic Money Regulations 2011, both of which were created by the UK government but executed by the FCA for UK residents.

Consumer credit, in simple terms, is credit offered to individuals so they can purchase goods or cover personal expenses. It does not cover long term investments such as purchasing property. It allows for a properly managed economy to function and further encourages economic growth.

Firms like N26 that offer money transfer to retail customers are legally considered to be offering consumer credit.

A financial regulator ensures that consumers are protected, there is fair competition in the money transfer industry and the integrity of the Financial services industry as a whole is maintained.

Getting a money transfer with a regulated company is essential as it offers an increased level of protection than a money transfer from an unregulated one. This is because regulators are able to enforce strict rules and stop unscrupulous money transfer operators.

Laws differ on who can and cannot offer consumer credit in each country. Credit firms have strict rules that they must follow in order that they are legally allowed to transfer money to consumers. These laws are in place to protect consumers becoming trapped in a money transfer they can never pay off.

Be sure that N26 is fully licenced as a money transfer company.

N26 review
N26 Payment Services Regulations and N26

The Payment Services Regulations Directive, is run by the European Commission in order to govern payment services and their providers across the European Union as well as the European Economic Area.

One of its goals has been to make foreign currency transactions transparent, much like currency payments. This is to protect consumers and businesses from being swindled.

What is the Financial Conduct Authority?

The FCA is a control body meant to license money transfer companies. Companies such as banks, Forex brokers, and money transfer operators are monitored the most. This is because they deal in situations that involve many intricacies, such as transferring money and offering loans, etc.

All reputable money transfer businesses that operate within the United Kingdom by law have to be registered and authorised as a payment institution by the Financial Conduct Authority (FCA) to comply with the Payment Services Regulations that were introduced in 2017.

Check N26 is financially regulated. N26 is regulated by the Financial Conduct Authority (FCA).

This makes sure that your Money Transfer agreement is above board and safe. In Addition, it Usually Means that N26 Possess a responsibility of care to their clients.

Is N26 Registered as a Money Service Business with HM Revenue & Customs

Financial institutions (which do not classify as banks) which convert and transmit money like N26 are known as Money Service Businesses. While they provide services similar to banks, they are still not considered banks. They offer more varied product options to individuals looking to transmit or convert money.

Financial authorities tend to keep tabs on N26 and other Money Service Businesses the most because the type of services they offer can leave them vulnerable to be used in financial crimes like money laundering. This is why it is crucial for them to be registered with the HM Revenue and Customs in the United Kingdom.

N26 Segregation of Client Funds

N26 as part of their regulation are required to segregate client funds from N26 company funds and keep all client funds within a bank that is authorised as a credit institution by the regulator. All client funds should be kept in the most reputable third-party financial institutions such as Barclays or the Bank of America.

N26 regulatory requirements mean that N26 Money Transfer funds and your funds should be totally separate. N26 cannot use any money that is still legally yours to conduct N26 daily business like paying N26 suppliers and costs. Your funds should be kept by N26 in a segregated bank account.

N26 Regulation Checklist

  • Check whether N26 has authorisation to offer consumer credit
  • Check the type of activities that N26 are allowed to conduct with their authorisation
  • Check the contact details, trading names and main business of N26 list on their website and the regulator match.

N26 Fraud Prevention Features

Fraud prevention is highly crucial when transferring money because once the money is gone, it's gone. Scammers most often gravitate towards money transfers. Lack of fraud prevention procedures can lead to loss of funds, or even identity theft.

N26 goes to great lengths to protect your N26 account from fraudulent use. We explain some of N26 anti-fraud features below:

  1. N26 has SSL encryption that protects the customer's private information.
  2. N26 has cutting edge technology that monitors almost everything i.e. from logins to transactions.
  3. The N26 platform has a bespoke monitoring system that helps to detect and prevents fraud.

Automated Transaction Confirmations

Having instant notifications turned on is not only convenient because the user is instantly alerted whenever there is a payment related activity on their N26 account, as you are instantly aware of every N26 transaction these notifications to your phone help you to keep tabs on any suspicious activity.

After conducting a transaction with N26, the N26 accounts primary contact will receive a transaction confirmation confirming the transaction amount, rate exchange applied, and N26 delivery instructions.

N26 Monitors Your Account for Suspicious Transactions

N26 has systems and controls in place to detect fraudulent activity and protect N26 client accounts from misuse. If N26 detect a questionable transaction on your N26 account, N26 will contact you to verify the transactions legitimacy to ensure your N26 funds are safe.

How Does N26 Make Money?

N26 and other money transfer companies often charge their customers a certain amount of interest fees on every transaction made. The fees depend on the amount of money the customer wishes to transfer. N26 also earn money via foreign exchange rates.

Money transfer companies like N26 and banks need to survive, so they make money on interest from accounts and money transfers.

N26 Frequently Asked Questions

We list some of the most frequently asked N26 questions below.

Is there a limit to how much I can transfer with N26?

You can transfer up to 999999999 EUR (SEPA Credit Transfer), 100000 EUR (Sepa Instant Credit Transfer) at a time.

When will I receive my N26 transfer?

It normally takes 3-5 business days.

Is it possible to cancel my N26 transaction?

If you need to cancel your transaction due to any reason, kindly contact us on this number 442035107126.

How old do you have to be to sign up to a N26 account

To signup to a N26 account you will need to be at least 18 years old.

N26 review
Is N26 a Scam?

N26 have been in operation since 2013 and have over 7,000,000 customers and 1500 employees. N26 is not a scam.

N26 review
Sending money online with N26

Sending money with N26 is a single process once you have registered and verified your N26 account and payment methods.

  1. Go to the N26 website
  2. If you have a N26 account you can log in, otherwise you will need to create a new account.
  3. Decide how much you would like to send and where you want to send it to.
  4. Enter all the required information about the beneficiary, this might include their name, address, bank account details, and other personal data.
  5. Tell N26 how the beneficiary wants to get their money. Eg. through a bank transfer, cash pickup, or via some other means.
  6. Agree to the N26 exchange rate and any fees.
  7. Pay for your N26 transfer.
  8. Enter your information and provide and supporting documentation to verify your identity.

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How do I receive money from a N26 money transfer?

Depending on where you are located, you have a few options for how you can receive any money that has been sent to your N26 account. Your options for receiving money depend on the information entered by the sender, the country you are in, the currency you are receiving, and some other factors. Some methods of receiving money may not be available to you.

Receive N26 money directly into a bank account

Bank transfers are useful because not only are they safe, but the whole process is quick, and they offer the kind of flexibility no other method can. N26 allows for a deposit directly into your bank, credit union or other financial account.

N26 Cash Pickup

Some money transfer companies have agents around the world, and you will need to take identity documents to receive cash. Money is typically available within ten minutes of being sent. N26 allows you to pick up money in person at a N26 agent location.

N26 Smart Money and mobile wallets

A mobile wallet virtually stores cash card details on a smartphone. These are quite convenient as they allow for users to make purchases at physical stores without needing to carry money.

N26 Does not support mobile wallets.

N26 Home delivery

It is a way for an individual to receive money without having to leave home. What this means is that any money you send can be received in person at a designated home address. The money is delivered by a local agent. N26 do not offer home delivery money transfers.

When was N26 founded?

N26 was founded in 2013.

Is N26 Any Good?

N26 have a rating of 3 and are financially regulated, N26 can be considered a good money transfer company.

Is it easy to close my N26 account?

Its is easy to close you N26 account. You will have to make sure any outstanding payments and fees due to N26 are paid in full Before N26 will fully close your account. Make sure when closing your account N26 send you an official confirmation that your account is closed and no more monies are due to N26.

Does it take long to setup a N26 account?

No, setting up a N26 account can take a few minutes. You will need to provide some proof of identity and address. You should definitely be able to access all the features of your N26 account in 1-3 days.

Where are N26 based?

N26 are based in Berlin, DE

Countries where N26 is legal?

N26 is legally allowed to operate in over 22 countries.

How do I track a N26 Money Transfer

You can track a N26 money order by calling N26 or by tracking the order online. Call N26 number on 442035107126. The N26 automated phone system will take a few details and give you a status update. You can go online to the N26 website and check the status of a money transfer at any time.

If you have a N26 online account, log in and view your transaction history; If you do not have an online account, or if you are the receiver of the N26 transaction, use the N26 payment reference number on the N26 website to check the status of the transfer.

Can I cancel my N26 transfer?

The way that you cancel a N26 transfer depends on how you created and sent the N26 money transfer originally.

You may need to contact N26 by phone on 442035107126, through their website at n26.com or via email [email protected]. Requests are typically processed within 30 days, and you may be charged a cancellation fee by N26.

If you made the N26 transfer online, then you should log in, find the transaction in your transaction history and then cancel it on the 'Transaction Details' page. If you do not have a N26 account, use the 'Track a Transfer tool to find the transaction and then cancel it on the Transaction Details page.

Double check the terms and conditions for cancelling a N26 transfer on their website.

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