N26: How To Open A Bank Account – An Extensive Guide

N26, a Berlin-based financial technology startup is on the run to revolutionize global consumer banking. With its state-of-the-art banking app, its unique user interface and its wide service portfolio, they are catapulting consumer banking into a new time age. Open your N26 Bank Account via Free Life Consultantsit’s 100% free.

Wait, you don’t have an account yet? The following article will guide you through all steps when applying for your account at N26. Most noteworthy is to point out that the application process takes only around 10 minutes and can be done simply via a smartphone.

  1. Who can open an N26 Bank Account?
  2. Step-by-Step Guide to Register for an N26 Bank Account
  3. Wire Money to Your N26 Account

Open N26 Bank Account – Who qualifies?

In order to qualify to open an N26 bank account, you simply need to be a resident in the European Union (EU) or the European Economic Area (EEA). Please note that a mailing address in one of these countries is necessary to receive the N26 bank account’s Mastercard.

Currently, you can set up your personal N26 account in the following countries: Ireland, Luxembourg, France, Germany, Netherlands, Spain, Austria, Greece, Italy, Slovakia, Belgium, Estonia, Finland, Latvia, Lithuania, Portugal, and Slovenia. Further, EUR dominated accounts are available in countries such asNorway, Sweden, Denmark, Poland, Iceland, and Liechtenstein.

Residents of the United Kingdom can now use a local GBP account when opening an account with N26.

As for the United States of America, N26 has not yet been launched but is expected to make its debut in the second half of 2019. To read more about how to open an N26 bank account in the US, read Free Life Consultant’s N26 US Guide here.

Open N26 Bank Account – Step-by-Step Guide

To open an N26 bank account is easy and can be done within 10 minutes. The following 5 steps will guide you to the process:

1. Online Registration on N26’s Website

To start with the registration process of your personal N26 account visit the following page: N26 Bank Account Registration. As a result, you will be asked to provide the following standard personal information:

  • Full Name;
  • Nationality;
  • E-Mail;
  • Country of residence / Tax residency;
  • Date of birth;
  • Phone number;
  • Postal address – Important: Your personal MasterCard will be sent to this address;
  • Promo code, if available.

Besides providing your basic personal information, European banking laws require you to give additional details:

  • Gender;
  • Job title;
  • City of birth;
  • Tax residency (the country in which you are required to pay tax) & Tax ID number.

Once you have confirmed your N26 account via your e-mail inbox, you will be able to login on N26 website and select a plan of your choice. Keep in mind that not all plans might be available in all countries. For example, the new Metal card is only available in Germany, France, Italy and Austria while the other plans are available in all countries. Details about each plan are listed below (as of April 2019).

  • N26
    • Free ATM withdrawals in EUR;
    • Free payments in any currency.
  • N26 Black
    • Free ATM withdrawals in euros;
    • Free payments in any currency;
    • Free withdrawals worldwide;
    • Allianz insurance package.
  • N26 Metal
    • Free ATM withdrawals in euros;
    • Free payments in any currency;
    • Free withdrawals worldwide;
    • Allianz insurance package;
    • Dedicated customer support;
    • Exclusive N26 partner offers (WeWork, Zalando, Fitness First, etc.).

2. Verify ID

Once the standard information collection has been completed, you will be required to confirm your identification in order to open an N26 bank account.

In case you do not reside in Germany, you will only need to take a selfie as well as take a picture of your ID document within the N26 application. Simply follow the instructions given in the app.

Please note that the verification call can only be made between 8 am and 12 am, Central European Time (German time).

3. Setup the N26 App

The last step to activating your N26 account is to connect your smartphone with the official application.

Simply download the N26 app and log into your account, in case you haven’t done this already.

If you have not yet downloaded the app, simply download the official N26 app. The app can be downloaded for major smartphone devices.

5. Start Banking – Transfer Funds to Your Account

Your N26 account can be used right when the registration has been completed. Simply transfer any amount to your account in order to start banking with N26. Note that you can always transfer money back to other accounts after, without any limits or costs involved.

Open N26 Bank Account – Conclusion

To put it simple, N26 seems like the future of banking. It’s incredbly easy to use and will change the way you have been thinking of handling your personal finances.

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