- Tue Nov 15, 2016 5:24 pm
I've been with N26 now for about a year and yep - it's completely free : )
The process of setting up an account is straightforward (and fun! you get to chat with someone : ) and then you'll get a card sent in a nicely designed envelope.
- You can use the MasterCard as a credit card for online payments
- at the same time you can use it also for picking up money at many ATMs and paying in many shops
- if you're inside the Eurozone then you don't pay withdrawal fees
- it works internationally (personally confirmed in the US and Europe)
- they have a feature called "Moneybeam" that allows you to transfer money from one N26 account to another, similar to how this works with email address in paypal
- some ATMs, especially older ones, don't seem to recognize the card, so have a backup plan ready
- some shops don't accept it because it's a credit card, and there's frequently a confusion about what this is exactly (because it's a credit card that is a debit card, so it's strange regarding whether the shop pays extra when you use the card for payment)
- there is a pure debit card that you can order too, but that one got accepted much less for me in ATMs and shops, than the credit card
They're currently also about to turn into a fully-fledged bank, so there are a bunch of additional features and options coming up that I haven't yet investigated thoroughly.
So, all in all, I'm happy : )