Important information about the N26 Instant Savings account for customers residing in Belgium

Risks

The N26 Instant Savings Account is a regulated savings account of N26 Bank AG. The offer is provided under German law, which means that German law applies. Risk of bankruptcy: Your savings are protected up to €100,000 by the German Deposit Guarantee Scheme. If there is a risk of bankruptcy or N26 going bankrupt, you could potentially lose any deposits you have over 100,000 euros, or their amount could be reduced or converted into shares. Risk of inflation: The N26 Instant Savings account is also subject to inflation risk, where an increase in prices can reduce your purchasing power.

Costs

The opening and closing of an N26 Instant Savings account is free of charge. There are also no costs for managing this savings account. N26 Instant Savings accounts are available for customers who have a free N26 Standard or N26 Business Standard account, but also for customers who have premium N26 accounts: N26 Smart or N26 Business Smart, N26 You or N26 Business You, and N26 Metal or N26 Business Metal account, which cost €4.90/month, €9.90/month, and €16.90/month, respectively. The price list for N26 is available here.

Taxes

The N26 Instant Savings account is provided under German law. No withholding tax is being collected. The declaration and payment of taxes in Belgium should be taken care of by the customer, following Belgian regulations.

Duration of the account

The duration of the N26 Instant Savings account is unlimited.

Important documents

Please review the following documents before you open an N26 Instant Savings account. You can find the pre-contractual information for N26 Instant Savings accounts here. The N26 Instant Savings account's Terms and Conditions are available for reference on this page. No key information documents are available for unregulated savings accounts.

Dispute resolution

Complaints are handled by the N26 Customer Service, which you can contact by email: support@N26.com, through the online chat in the N26 App, or the support center. If you are not satisfied by the answer you get from Customer Service, you can contact the N26 complaints department: cm.eu@n26.com If you are still not satisfied after contacting our internal services, you can contact the Belgian Ombudsfin for banking disputes (Contact details: North Gate II, Koning Albert II-laan 8 bus 2, 1000 Brussel ombudsman@ombudsfin.be, +32 2 545 77 70).