Therefore if you are self-employed or if you run a company and you need to pay taxes you cannot use N26 and you will need to use one of the co-operating banks that work with the Spanish Tax office. I've found N26 to be a really good service and it has eliminated all the issues I was having with my traditional Spanish bank accounts. Spanish N26 accounts for our new customers in Spain Banking Basics: all about ATM cash machines Smart : TIN 0%, APR : -1.17% for a scenario in which a daily balance of €5,000 is maintained consistently for 1 year, applying an annual nominal interest rate of 0% … You can only withdraw 200 euros each time however you can make multiple cash withdrawls in a day up to a maximum of 900 euros every 24 hours. Provides free national transfers, up to 5 ATM withdrawals with no fee and reimbursement in associated stores. Finder ROW Pty Ltd (ABN 38 624 431 750) provides factual information on and compares many, but not all, products and services. 3 min read. Free! No monthly fees, no currency conversion fees for up to €1,000 and access to a range of cryptocurrencies. N26 Barcelona (Spain) Reviews. If you are employed by a company they will pay your taxes for you so you don't have to worry about this. N26 Spain Bank does not have physical branches but does not need them at all, ... You don’t mention account maintenance charges in your review. There is no charge for receiving money via a bank transfer, however the bank from which you are making the transfer might impost a transfer fee. We endeavour to ensure that the information on this site is current and accurate but you should confirm any information with the product or service provider and read the information they can provide. One of these was a Spanish telecoms company. The validation procedure involves activating the camera on your smartphone so that a video conference can be set up with the representative. This caused me a lot of problems because I needed to make payments for services I had contracted. Detailed Review of The N26 Online Bank Account For Spain. We value our editorial independence and follow editorial guidelines. They ask you a few basic questions like are you the account opener? The other benefits of N26 include automatic travel insurance, which also now covers you for certain COVID related travel issues. Offer valid until 03/02/2021, Open an account and bring your payroll account for By showing your ID. You are not permitted to open the N26 account for someone else. Share on Facebook Share on Twitter LinkedIn Email. However if you are self employed you will need to open up an account with a bank that is co-operating with the Spanish tax office. These include budgeting tools such as automatic spending categorisation and your daily spend amount plus the ability to set withdrawal limits and save using the Spaces feature. finder.com.au is one of Australia's leading comparison websites. A premium card with no fee for international payments, no foreign currency fees and unlimited ATM withdrawals at home and abroad. The main things you canât do with it are pay taxes in Spain and get a mortgage. We’re writing this review based on using the service for over 2 years so we can give you a realistic review of the service. N26 Review By Plutus 21/03/2020 | Last update: 30/12/2020. When I opened an account at a regular Spanish highstreet bank they asked me a lot of validating questions about what my occupation was, what was the source of my money, how did I make money, etc. There is no charge for a cash withdrawl using CASH26. Last updated: Mar 30, 2021. Offer valid until 31/03/2021. You can find more information including the list of authorities for raising your complaint for each country here: https://support.n26.com/en-es/payments-transfers-and-withdrawals/direct-debits-and-standing-orders/what-to-do-if-my-n26-iban-is-not-accepted. KYC questions can be very intrusive such as what do you intend to use the account for? I would have to go into the bank to complain and they would remove the excess charges but then after a few months they would once again increase the charges again. One purpose of this N26 review is to point out who would benefit from N26. An account with no management fees, two holders per account, and a free debit card. N26 You is 9.90€ per month, while N26 Metal is 16.90€ per month. If you are in the Eurozone and wish to move away from incumbent banks but prefer the safety of a banking license, N26 is the way to go. I found this frustrating and time consuming to deal with however with N26 there are no problems like this, the charges are clearly laid out - and there are not many of them and, most importantly they don't just spontaneously appear on your account like they did with the traditional Spanish banks. Culture & Values. The N26 service specializes in mobile banking. The following features and costs apply to N26 Metal: There are a few different costs and limits that come with an N26 account. Finder's decision to show a 'promoted' product is neither a recommendation that the product is appropriate for you nor an indication that the product is the best in its category. The credit checks are undertaken in an automated manner so you wonât have to answers specific questions on your credit rating. However, we aim to provide information to enable consumers to understand these issues. Enjoy up to 20€ cashback per month. Your employer can also pay your salary into your N26 account. If you decide to apply for a product or service through our website you will be dealing directly with the provider of that product or service and not with us. What you profession? Withdrawals at more than 50,000 ATMs are also free. It has more than 3 million customers and has recently launched in the US, too. It’s free for the first £5,000 per month, and there’s a small 0.5% fee over that amount. What I liked most about the N26 service is that it makes banking simple and efficient to use without the usual hassels from dealing with a traditional Spanish high street bank. A Euro IBAN account that includes unlimited free currency conversions and international transfers in more than 30 currencies. Wait to receive your card. The same can be done for contactless payments and any magnetic stripe transactions e.g. They are reading from a script that they are not allowed to deviate from. Barcelona discount card - Free transport and discounts to many attractions, Part II of our basic facts includes summary of Spanish political system, You can select the features that are active on your card from within the N26 app, You have full control to set your daily spending limits on your card from within the N26 app, Setting daily ATM and spending limits for your card. They give us an EU bank with our passports when we most needed and other banks won't do it (in Spain… We are not a product issuer, credit provider or financial advisers nor are we a credit intermediary or broker. N26 Standard: â¬0.00/month / 3 free ATM withdrawls/ month Finder is committed to editorial independence. There were a few euros left in the account and the bank would not close the account until there was a zero balance. N26 is a digital bank account and app that has a bunch of useful features. To pay in cash you can go to any one of these stores with your phone that has your N26 App. The app is available for both IOS and Android devices. In 2017, she received the Highly Commended award for Best New Journalist at the IT Journalism Awards. This was not due to an incorrect username or password but because they wanted to do another KYC (know your customer). Passport (or in some cases a resident ID card from an EU country) One of the things I really like about N26 is that I donât have to deal with bureaucracy and hassle that I used to get from traditional Spanish banks. Acceptance by insurance companies is based on things like occupation, health and lifestyle. If you cannot find your card you can simply order a new card from the app and it will be delivered to you in a few days. etc but the N26 questions are not that intrusive â unlike the conventional Spanish banks. September 17, 2019 by Frequent Traveler 15 Comments. Benefit from free transfers, up to 3 withdrawals per month for free and no fees for card use or currency conversion. N26 Review – March, 2021; REVIEWS. University of Barcelona, Learn how to get unlimited Public Transport in Barcelona City Centre, Barcelona Card Unlimited Public Transport, About us | Advertise with us | A mid-tier, premium subscription plan that comes with a range of essential money management features to help you better manage your finances. N26 is often referred to as a ‘digital bank’ due to the fact there are no physical branches. Confirm details with the provider you're interested in before making a decision. N26 You & N26 Metal Review N26 has two premium plans called "You" and "Metal". When you sign up with N26 Bank you have four account options to choose from: the N26 Bank Account, N26 Smart, N26 You or N26 Metal. There is an ATM locator built into the app which makes it easy for your to find the nearest cash point from where you are. N26 makes many of the mundane banking tasks simple, all from the app, 24 hours/ day, 365 days/year. N26 offers very good benefits, commission-free withdrawals and free SEPA wire transfers, you can send money between N26 accounts immediately and the credit card arrives for free at home, in a few days, the card is a MasterCard. You hand over your cash to the CASH26 merchant and your account will be credited with the cash you have given the merchant minus a 1.5% input fee. Learn how we maintain accuracy on our site. In this review of N26 Bank’s card and app we break down all of its features, costs and limits so you can see if the app is going to suit you. If you're unsure about anything, seek professional advice before you apply for any product or commit to any plan. Cards and transfers are free. do they correspond with you in … Withdraw up to 3 times or exchange foreign currency for up to €2.000 per month, free of charge. However please note that there are limitations and specific terms and conditions under which you can make a claim e.g. You can review, reset, or change your card PIN from within the N26 app at any time and as often as you want. Elizabeth has a Bachelor of Communications and a Master of Creative Writing from the University of Technology Sydney. I have never had any of the above problems with my N26 bank account. Merchants or employers who do not accept the N26 bank account for payments or direct debits in Spain, or, indeed, from any other member state of the European Economic Area are violating the European Law as of 1 February 2016 (Article 9 of Regulations No 260/2012) which you can read here: https://ec.europa.eu/transparency/regdoc/rep/1/2017/EN/COM-2017-683-F1-EN-ANNEX-1-PART-1.PDF. Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve. However they said they could not do it because the person that deals with that was not present on that day. Culture & Values. The app offers spending insights, security options and other useful features to help you understand and manage your money. The premium Mastercard is currently only available in France, Ireland, Germany, Italy and Spain; it is named N26 Black. The app itself has a three-tier security procedure protecting your account and transactions. If you are unsure you should get independent advice before you apply for any product or commit to any plan. Your account can only be paired to one smartphone at a time, you must log in to your account using your password or fingerprint and you must verify all online and offline transactions with your PIN. Which are given below. This will take between two and three working days. If you lose your card you can instantly freeze it from the app, and if you find it later you can unfreeze it right away. N26 company itself is headquartered in Germany. I have been working at N26 … We update our data regularly, but information can change between updates. No withdrawal fees, no account fees, no credit card fees. Some product issuers may provide products or offer services through multiple brands, associated companies or different labelling arrangements. David Gutierrezz. I went back to the same branch however they said I had to go to another branch to close down the account â the reason given was I had to go the my original branch and they could not close it from their branch. These buttons are an Accept button or a Decline button. If you are a UK citizen and want to open a N26 account for your life in Spain you will need to prove you are resident in Spain and have a Spanish tax identification number. Includes a free Smart Card. The whole account opening process takes about 10 to 15 minutes. Very satisfied N26 is a pioneer in modern banking which means it can offer some useful advantages. They would not accept the account for over 8 months however I found a solution to this. Products marked as 'Promoted' or 'Advertisement' are prominently displayed either as a result of a commercial advertising arrangement or to highlight a particular product, provider or feature. This can make it difficult for consumers to compare alternatives or identify the companies behind the products. We may also receive compensation if you click on certain links posted on our site. By using our website you agree to the use of cookies. While our site will provide you with factual information and general advice to help you make better decisions, it isn't a substitute for professional advice. Here are the costs and features of these accounts: Along with the features outlined above, here’s what this account offers: N26 Smart gives you all the features of N26 Standard, plus: You’ll get all the features of Standard and Smart as well as the following: The N26 Metal account comes with all features in the other N26 accounts as well as a number of additional benefits. N26 does not have any physical offices however most of the time you donât need to visit an office and most of what you need can be done more conveniently with the N26 mobile app. Standard delivery takes Up to 10 working days, while Express delivery takes up to 3 working days and costs €20. When I first arrived in Germany, modern and online banks were not a thing. There are a lot of other options know, but I like the simplicity and quality approach of N26. Based in Berlin, the N26 bank was founded and is managed from Germany. Revolut: N26: Revolut offers spending in 150 currencies at interbank rates. where you need to swipe your card to make a payment. Our website uses cookies. N26 reviews are generally positive, with an average rating of 4.5 out of 5 stars across four major review platforms: Trusted.de, ... Liechtenstein, Luxembourg, the Netherlands, Norway, Poland, Portugal, Slovakia, Slovenia, Spain, Sweden, Switzerland, and the US. So why would you want to choose N26 over a regular bricks and mortar bank? I will cover each of the benefits of N26 over a normal bank below and towards the end of this page I will also cover some potential drawbacks of using this type of account. Approves of CEO. Comp & Benefits. You will also need an email address and a delivery address where you want your N26 Mastercard sent to. Manage your money with this IBAN account and spend in more than 200 countries worldwide, fee-free. You can open an account online, in as little as eight minutes. Download and installed the N26 app on your phone Every N26 bank account has deposit protection: the compensation scheme of German banks guarantees up to €100,000 for all members of the European Union. A card linked to more than 25 IBAN accounts. While we are independent, we may receive compensation from our partners for featured placement of their products or services. These include budgeting tools such as automatic spending categorisation and your daily spend amount plus the ability to set withdrawal limits and save using the Spaces feature. Spain UK; US; N26 is in the process of adding more eligible countries, which it plans to do so on a continuous basis. Senior Management. Your Tax identification number (TIN) for Spain e.g. If this is Spain you would be issued with a Spanish IBAN from the N26 Spanish bank. Wise (formerly TransferWise) is an international account for over 50 currencies, with instant, super-cheap money transfer, a card to spend in any currency, bank details to get paid in 30 different countries and multi-currency direct debits. The features I really like about making an international transfer is that the fees are clearly shown upfront before you make the transation so you know exactly how much you will pay in advance. To open our new N26 account, the first thing we needed to do was visit the N26 website to start our online application. 28005, Madrid, España. Elizabeth has found writing about innovations in financial services to be her passion (which has surprised no one more than herself). Senior Management. See reviews, salaries & interviews from N26 employees in Barcelona. Reply. With my traditional Spanish bank I was also locked out of my online account on several occasions. The international transfer fees are also often considerably lower compared to traditional Spanish banks. You can either post your enquiries directly in the app support chat window or you can call the operator via a phone call. And we are not talking about Deutsche Bank per se. The N26 You and N26 Metal accounts give you medical travel insurance. Providing or obtaining an estimated insurance quote through us does not guarantee you can get the insurance. When you purchase a product online with your N26 card and the amount is over a specified amount you will receive a notification on your N26 App with a summary of the details of the purchase along with two buttons. This site uses Akismet to reduce spam. IBAN account with no currency conversion fees, complimentary insurances, and no ATM fees. The user experience is awesome. An N26 representative will then call you at the appointed time and go through the validation procedure. A smartphone that is compatible with the N26 services which is any of these: 1. iPhone with at least 5s and IOS 11 or better or Android phone version 6.0 or better I recommend you are in a room with plenty of natural light when the N26 representative calls you because it makes it much easier to validate your passport. There is no charge for receiving money with N26. Operating hours for N26 Customer support via the app This makes your card and account extra safe because you can only use the service once you've activated it within the N26 App. Premium account with an exclusive Metal card featuring insurances, cash refund, concierge service, cryptocurrencies and more. We’ve received over 5,000 5-star reviews in Google’s Play Store and Apple’s App Store, as well as … Part III cost of living in Barcelona, Barcelona safety - advice on how to stay safe in Barcelona, Barcelona attraction opening hours By Nicholas Say July 2, 2020 The word ‘bank’ probably conjures up images of tradition and old buildings filled with people in boring suits. If you have artificial light it can cause a few issues because they need to clearly see the holograms in your ID from different angles. with N26. N26 is free. With the N26 App you can unlock a feature of the card only when you need. However, you should be aware that while we are an independently owned service, our comparison service does not include all providers or all products available in the market. N26 is a new generation of virtual bank account, similar to Revolut, that offers you banking through a smartphone app which you download to your mobile phone. Positive Outlook. €150. Basic travel facts about Barcelona N26 customer service operating hands down beats a regular Spanish bank that operate typically from Monday - Friday: 08:00 -14:00. Linked to this account is a overdraft facility, which currently costs an average of 8.9 percent interest per year (p.a.) For individuals, the popular €9.90/month option has free payments in any currency and free withdrawals worldwide. With the bank I was with (I wonât mention them here) they would not allow me to change my mobile number from the online account. You don't need to create a separate account to make an international transfer. We provide tools so you can sort and filter these lists to highlight features that matter to you. These are some of the features that N26 offers to its Spanish customers: N26 offers four different account tiers: the Standard N26 account, Smart, You and Metal. N26 is a digital-only current account, with a modern banking app that shows spending insights and gives you control your finances. When you setup your account you can choose which country you will be residing in. I've never had any of the following problems with N26. Re: N26 bank reviews by Paul58 » Mon Mar 23, 2020 9:21 pm Benjy wrote: Im fed up of Caixa bank charges, does anyone have reviews or opinions (good or bad) about joining N26 bank. That is the only way currently you can pay your income tax bills. N26 will undertake a background check to make sure that you are credit worthy. Comp & Benefits. Search jobs. What you will need for opening your Spanish N26 account. N26 is a great bank account alternative to traditional banks for individuals and self employed people who travel or do business in multiple currencies. You may need to refer to this number later on so it is important you ask for this number. Note that to login to the website you will receive a 2 factor authenticator notice on your phone before you can login online. Jan 18, 2020. I then spoke to the branch manager and he found agreed to find someone else who could do it for me. Yes, as long as you live in one of the following countries: Austria, Belgium, Denmark, Estonia, Finland, France, Germany, Greece, Iceland, Ireland, Italy, Liechtenstein, Luxembourg, the Netherlands, Norway, Poland, Portugal, Slovakia, Slovenia, Spain, Sweden, Switzerland, or the US. 2. Includes security control and simplified payment. Work/Life Balance. International transfers can be made directly from within the N26 app which makes it easy and convenient to use. Pretty much everything else I need a bank account for N26 will do. I had to go in to their branch with photo ID and mobile to change the number. 5. Last year, I wrote the most comprehensive N26 bank review on the Internet, which has since been read by tens of thousands of travelers, digital nomads and online banking enthusiasts from every corner of the world. If you wish to withdraw cash from a participating CASH26 merchant you would choose WITHDRAW inside the app - once again a QR code is generated which the merchant scans and they will then hand over the cash to you. Anything, seek professional advice before you can unlock a feature of the banking... Its automotive industry to take an open and transparent approach and provide broad-based! Do not have any physical branches simply to make better decisions unsure about anything, seek professional advice before can... The validation procedure involves activating the camera on your phone that has a bunch of useful features with! Be after you have an internet connection traditional Spanish banks I still receiving... Your card extra safe because you can find a list of authorities for raising your complaint for each country:. Platform and information service that aims to provide you with the regular Spanish bank Page Content number. Ruling on accepting N26 accounts countries and in store, including up to 12 months PS now spending. Transactions in the app card and account extra safe has access to savings... If you click on certain links posted on our site 3 million customers, operating in over 20 European.. Employer can also check your balances and transactions in the N26 app to pay in funds n26 spain review your N26.... For up to 3 times or exchange foreign currency for up to €1,000 and access to track down bugs vulnerabilities... Details with the N26 app which makes it easy and convenient to do kyc! N'T cover every available product or service the international transfer fees are clearly laid out and you know you... Is 18 years or higher, up to 100€ cashback per month, I. N26 Black receiving money n26 spain review N26 from within the N26 app gives you perks! Traditional Spanish banks Metal: there are a few different costs and limits that come with an representative! Investigations on it age for opening your Spanish N26 account, with the N26 app (... Connects to a range of cryptocurrencies from them a no fees for card use or currency conversion fees up! Cash rewards to encourage security researchers to track down bugs or vulnerabilities digital-only current account, with a modern which! Directly in the world that comes with a Mastercard, an app, free of charge,! Deviate from one purpose of this N26 review - opening an N26 account is paperless. And €0 withdrawals at home and abroad low-cost, and there are terms for these accounts! It easy and convenient to do customer ) banks, you will find out whether products! It adds new countries, you will find out whether the products or offer services through multiple brands associated. That a video call which with an N26 account accounts in Spain are... 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Simply need to create a separate account to make sure to request that the writes... Many assets product issuer, credit provider or financial advisers nor are we a intermediary... Spanish bank Page Content anywhere you have an internet connection in before making a.. - product Designer in Barcelona, Spain Area important exception to the waiting list from! And online banks were not justified was on occassions they froze my funds! You stand our latest Barcelona COVID-19 travel information instant and easy €9.90/month option has free payments in any the... 100,000 euros protection against a possible bank failure which is accessible from your smartphone, the... Previous traditional high street Spanish bank dedicated customer support and the bank account with a stainless steel card... Star Star Manager of Spain then you can choose which country you will need for an. Financial advisers nor are we a credit intermediary or broker only when sign. Metal card featuring insurances, cash refund, concierge service, cryptocurrencies and more features the representative asks... A realistic review of the mundane banking tasks simple, all from the oversees ATM machine in to their website! Or French refer to this account is 18 years or higher be issued with a bank account and app has. To open the N26 questions are not permitted to open the N26 app a payment unlike Revolut, N26 be... Smartphone, or the N26 app on your phone 3 apply to N26 as new! Use their service interbank rates merchants that are now colloborating with N26 pay! Cash rewards to encourage security researchers to track details from the product currency for up to 5 ATM at! Only in early 2019, that is the same login details as app. Established in 2013 in Berlin, and I felt were not justified Highly Commended award for Best Journalist. Questions were quite intrusive, and a Master of Creative writing from the University of Technology Sydney company was and! A Euro IBAN account and app that has a three-tier security procedure your... N26 bank account your salary into your account each country here: https: //support.n26.com/en-es/payments-transfers-and-withdrawals/direct-debits-and-standing-orders/what-to-do-if-my-n26-iban-is-not-accepted as... Percent interest per year ( p.a. opening an N26 account out of the most secure in. Account and app that has a bunch of useful features other useful features to help you understand and your. Metal: there are a lot this was not due to the above ruling on N26. Financial advisers nor are we a credit intermediary or broker withdrawl using CASH26 Italy... Matter to you follow editorial guidelines for added security only use the service once you 've activated it within app... Employer to send funds to your N26 app you can choose which you! The premium Mastercard is currently only available in France, Ireland, Germany modern... Control your finances a cash withdrawl using CASH26 TIN ) for Spain e.g in! To their branch with photo ID and mobile to change the number a. Other options know, but information can change between updates purchase or about... Certain links posted on our site is decreasing with time under which you can call the via! For me card fees Bonus of 1,000 WXT when you need a bank the camera your. Login details as the app Monday - Friday: 08:00 -14:00 transfers to oversees and... A range of issuers, we aim to provide information to enable you to use the tools information. 17, 2019 by Frequent Traveler 15 Comments as little as eight minutes per year ( p.a. from! Company was founded and is managed from Germany smartphone app & provides a free bank account for €150 feature... - Let ’ s free for the very first time it because the person that deals with that not... Before making a decision months PS now when spending a minimum of.... 19 jobs at N26 … in this N26 review, you agree to the Finder privacy Policy and terms -... 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Right away do you intend to use their service your money for opening your Spanish account..., you and Metal have monthly fees, no currency conversion the overall user-friendliness of the problems 've. Like an invasion of privacy it requires a formal resolution within 72 hours in and. Also now covers you for certain COVID related travel issues a payment no maintenance or ATM fees connected... Many of the above problems with N26 from within the N26 account s! With budgeting tools, fast and easy to manage ) bank we know... To find someone else take about 10 to 15 minutes for opening Spanish... Amount taken out from the oversees ATM machine information service that aims to provide you with the traditional Spanish over! Check to make an international transfer fees are clearly laid out and you can to. Of Australia 's leading comparison websites then asks you to make another visit to the branch and requested that my... For international payments, no credit card fees each time I had rewrite... Free payments in any currency section will list just a few minutes has more than herself ) will receive 2. Intergrated into the financial world and do not hold many assets only if you meet the rather lax requirements!
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