Review of Spanish bank N26: advantages and disadvantages

Review of Spanish bank N26?

N26 is a new generation virtual bank account, similar to Revolut, that offers banking services through a smartphone app downloaded to your phone. You can also use the same login information as the app to log in to the online website. It's important to note that a two-step verification notification will be sent to your phone before you log in to the online website. Additionally, a physical card (Mastercard) associated with the account will be sent to your home within a few days of account opening.

The bank N26 service is for mobile banking only. Unlike traditional banks, the N26 app offers many features not found in traditional banks. N26 doesn't have a physical office, but in most cases you don't need to go to an office, and the N26 mobile app makes it easier to do most of the things you need to do. The app is available for both IOS and Android devices, and what I liked most about it is that it offers a simple and efficient banking service without the hassle of traditional high street banks in Spain.

You can ask questions or call an agent directly from the app's support chat window. You can also check your balance and transaction history, set up transfers and direct debits from within the app. If you lose your card, you can immediately freeze it in the app, and if you find it later, you can unfreeze it immediately. If you can't find your card, you can order a new one from the app, and it will be delivered in a few days.

While cancelling a card with a regular bank in Spain usually requires you to go to the bank, stand in line, and fill out a cancellation form, N26 makes it easy to do your daily banking tasks 24/7 through the app. The N26 app allows you to view your card PIN anytime, anywhere and reset or change it as many times as you want, and the app's built-in ATM locator makes it easy to find the nearest ATM wherever you are, while other benefits of N26 include automatic travel insurance and an incentive scheme with its own terms and conditions. N26 also offers a rewards program with its own terms and conditions.

The best part about bank N26 is that there are no hidden fees for using their services.

Below are the standard monthly fees for the various bank cards you can choose from.

There are no additional fees if you don't use your N26 account, and there are no minimum transaction requirements.

N26 doesn't charge a fee for ATM withdrawals, but your bank will charge a small fee for ATM use.

N26 has partnered with TransferWise to allow you to send money to other countries and currencies; TransferWise is a company that specializes in providing the cheapest money transfer services. You can send money abroad without having to open a separate account. One of the things I really like about international money transfers is that the fees are clearly stated before you send the money, so you know exactly how much you'll have to pay upfront. Also, the fees for international money transfers are usually much lower than the fees charged by Spanish banks. International transfers can be sent directly through the easy-to-use N26 app.

To open an N26 account, you must be at least 18 years old and currently reside in one of the following countries:

Austria, Belgium, Denmark, Estonia, Finland, France, Germany, Greece, Iceland, Ireland, Italy, Liechtenstein, Luxembourg, Netherlands, Norway, Poland, Portugal, Slovakia, Slovenia, Spain, Sweden, Switzerland, United Kingdom, United States.

In order for UK citizens to open an N26 account in Spain, they must prove that they are resident in Spain and obtain a Spanish taxpayer number. However, since Brexit, N26 has closed its UK branches and closed accounts serving the UK.

N26's mobile banking solution offers a reliable, low-cost, and hassle-free banking experience. The main things you can't do in Spain are paying taxes and taking out a mortgage, but almost anything else that requires a bank account can be done with N26.


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