Score 9.5
Regulation ECB
N26 Business Metal
Score 9.5
Regulation ECB

What is N26 Business Banking?

The N26 Business Bank is a trusted and intuitive solution if you’re a freelancer or sole trader starting up a new company. It offers multiple tools to manage your business finances affordably, such as free ATM withdrawals and free multi-currency transfers worldwide. As an N26 customer, you also qualify for special discounts and promotions at their partners.

N26 has top-notch features that’ll make it easy for you to manage your business and personal finances separately. It offers solutions such as Mastercard credit cards accepted worldwide and ten free sub-accounts, called ‘Spaces,’ for various expenses. One of the ‘Spaces’ that you can access is ‘Shared Spaces’ to benefit from community-saving programmes.

You can access analytics through ‘Statistics’ for a cumulative overview of your expenses. The reporting through statistics is AI-driven and automated for an effortless overview. N26 can be described as a premium business bank account for small business as it offers all the features needed for effortless business banking.

Key Details

Founded
2013
Headquarters
Berlin, Germany
Users
5M +
Regulation
BaFin
Based on 12,824 reviews
N26 Key Details
Founded 2013
Headquarters Berlin, Germany
Users 5M +
Regulation BaFin
Get started with N26

N26 Business Account Pros & Cons

Pros
  • green-check-mark Affordable transactions and monthly subscriptions
  • green-check-mark User-friendly interface
  • green-check-mark Licensed and well-regulated
Cons
  • Not available in all countries
  • Basic accounting tools

N26 Business Features

Multi-Currency Accounts

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You can make worldwide payments in 38 currencies free of charge directly with your Mastercard while abroad, or via your banking app from anywhere in the world. All international payments are free of additional charges. Much like traditional credit cards, you can start making mobile payments from your N26 debit card before actually receiving it.

Payments

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Making payments is flexible and straightforward. You can pay via the mobile app, your desktop app or with your N26 debit card. You also have the option to create ‘Standing Orders’ for all your recurring payments that’ll schedule it for as long as you pre-set it. You have a dashboard view of all your ‘Standing Orders’ and debit orders.

Corporate Card

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Because the N26 Business Bank focuses solely on freelancers and sole-traders’ needs, your name and surname are printed on your debit card. N26 can’t imprint your business name on the card.

Accounting Tools

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You can create and send invoices for faster payments from the N26 app on your desktop or mobile device. You can also accept payments from clients that’ll reflect instantly on your transaction history. You can set up your ‘Spaces’ sub-categories to automatically deduct your tax amounts from every payment you receive and store it separately. N26 has effective budgeting tools such as ‘Statistics’ powered by AI technology and can predict your spending habits.

Security

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N26 is fully licenced and adheres to stringent safety protocols in its developments using the latest SSL encryption technology to safeguard your data. It has a two-step verification system that adds an extra layer of protection to your account. The provider offers excellent deposit insurance up to €100,000 by the German Deposit Protection Scheme.

Perks

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As a business account holder at N26, you’ll automatically enjoy various offers and promotions from its partners. All the current offers are updated regularly on its website for easy access via direct links.

Customer Support

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The mobile and web app has live chat features to speak to a service agent directly. You can also email them at support-us@n26.com or phone them at 1-888-N26-0-N26. The response time is quick, and you’ll find highly trained and professional service reps available to assist you around the clock.

Pricing & Plans

N26 offers a personal account and four types of business accounts. Each will cost you a set monthly fee based on the products and perks it offers.

StandardSmartYouMetal
Price per month (per user)€0€4.90€9.90€16.90
Contactless payments
Cashback0.1% cashback0.1% cashback0.1% cashback0.5% cashback
Free payments worldwide
Deposit protectionUp to €100KUp to €100KUp to €100KUp to €100K
Free ATM withdrawals per monthUp to 3Up to 5Up to 5Up to 8
Spaces sub-accountsUp to 2Up to 10Up to 10Up to 10
Premium partner offers
Trip insurance
24/7 Customer support
Standard
Price per month (per user) €0
Contactless payments green-check-mark
Cashback 0.1%
Free payments worldwide green-check-mark
Deposit protection Up to €100K
Free ATM withdrawals per month Up to 5
Spaces sub-accounts Up to 10
Premium partner offers green-check-mark
Trip Insurance close-mark-black
24/7 Customer support green-check-mark
Smart
Price per month (per user) €0
Contactless payments green-check-mark
Cashback 0.1%
Free payments worldwide green-check-mark
Deposit protection Up to €100K
Free ATM withdrawals per month Up to 5
Spaces sub-accounts Up to 10
Premium partner offers green-check-mark
Trip insurance close-mark-black
24/7 Customer support green-check-mark
You
Price per month (per user) €9.90
Contactless payments green-check-mark
Cashback 0.1%
Free payments worldwide green-check-mark
Deposit protection Up to €100K
Free ATM withdrawals per month Up to 5
Spaces sub-accounts Up to 10
Premium partner offers close-mark-black
Trip insurance green-check-mark
24/7 Customer support green-check-mark
Metal
Price per month (per user) €16.90
Contactless payments green-check-mark
Cashback 0.5%
Free payments worldwide green-check-mark
Deposit protection Up to €100K
Free ATM withdrawals per month Up to 8
Spaces sub-accounts Up to 10
Premium partner offers green-check-mark
Trip insurance green-check-mark
24/7 Customer support green-check-mark

Fees & Pricing

All withdrawals from N26 Metal and You accounts are FOC in all currencies. On all other accounts, N26 charges 1.7% of the total withdrawal amount. Transfers cost between 0.35% up to 2.85%, and N26 determines this according to the currency you’re transferring.

Additional Card Fees

Free

€3/month

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Free Domestic Transfers green-check-mark green-check-mark green-check-mark
Free International Transfers

Up to 2.85%

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ATM Withdrawl Fees

Free in the EU

2.5% fee

€1/withdrawal

Additional Card Fees

Free

€3/month

close-mark-black
Free Domestic Transfers
green-check-mark green-check-mark green-check-mark
Free International Transfers

Up to 2.85%

close-mark-black close-mark-black
ATM Withdrawl Fees

Free in the EU

2.5% fee

€1/withdrawal

FAQ

Who Can Open an N26 Business Account?

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Any person over 18 and living in one of the supported countries may open an N26 account. You’ll need a valid government-issued ID and a smartphone.

What Countries Can I Open an Account In?

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N26 is available in the United States, Switzerland, Sweden, Spain, Slovenia, Slovakia, Portugal, Norway, the Netherlands, Luxembourg, Liechtenstein, Italy, Ireland, Iceland, Greece, Germany, France, Finland, Estonia, Denmark and Austria.

What Documents Do I Need to Open an N26 Account?

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You’ll need a valid government-issued identity document from your country of residence or a passport.

How do I open an N26 bank account?

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You can open a new account online from your desktop or mobile device on the official N26 website. It’s a fast process compared to traditional banking institutions and shouldn’t take you more than eight minutes. You’ll provide the following information:

  • Full name and Surname
  • Date of birth
  • Country of residence
  • An active email address
  • Password
  • Active phone number
  • Physical mailing address
  • Gender
  • City of birth
  • Nationality
  • Job information
  • Tax reference number from the country where you pay tax

Once you’ve supplied all the above, you must agree to the terms and conditions and submit. N26 will process your application within minutes and send you a verification email. You can follow the prompts from the email to access your new account and fund it.

How can I access my account?

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You can access your N26 account from your desktop, tablet or mobile device. Mobile devices need to be iOS or Android.

Is my money safe?

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Yes. N26 uses the latest SSL encryption technology to safeguard your data. It also applies various protocols such as a single paired device, two-factor verification, facial- and fingerprint recognition, instant notifications and in-app card locking. N26 is a licensed bank that adheres to stringent controls.

Our Verdict

N26 is an excellent solution for freelancers and small business start-ups that need to separate personal and business finances. It’s an affordable and efficient business account for worldwide payments with low-cost multi-currency transfers. The Shared Spaces option is an innovative tool that makes saving and sharing expenses fun and simple.