FAQ Page

Question 1

What’s the difference between a personal bank account and a business one?

Accepted Answer

The major difference between a personal bank account and a business account is what it’s used for. As the name suggests, personal bank accounts are designed for personal, day-to-day use. Conversely, business accounts are only intended for business transactions. A business account gives you a better overview of your business expenses and enables you to store the relevant receipts more easily. [This blog post](https://n26.com/en-at/blog/free-business-bank-account-as-a-freelancer) tells you more about the differences between these two kinds of accounts.

Question 2

Can I have a personal and business account at the same time?

Accepted Answer

You can’t have two bank accounts with N26 at the same time. If you already have an N26 account but would like to open up an N26 business account, you’ll have to close your personal account first. Then you can open a business account through the N26 app or our website.

Question 3

What are Eligibility Requirements?

Accepted Answer

* You will use the account primarily for business purposes.
* You’re not already an N26 user.
* You reside in a country where N26 operates: Germany, Austria, France, Italy, Spain, Portugal, Ireland, Greece, the Netherlands, Belgium, Luxembourg, Finland, Latvia, Estonia, Lithuania, Slovakia, Slovenia, Switzerland

Question 4

Do I need a business account if I’m a freelancer?

Accepted Answer

N26 Business was created with freelancers in mind, and those offering their professional services in their own first and last name. The big advantage of having a business account is that you can easily separate business finances from personal finances—this makes tax declarations and tax refunds easier.

Question 5

Can I open a business account in the name of my business?

Accepted Answer

No, you’ll have to open it under your own first and last name. We designed N26 Business specifically with freelancers in mind, and for those offering their services in their own name. This means that the name of your business won’t be visible on your bank account or N26 debit card.

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