N26 bank account: why it´s better for you than Imaginbank

Here you have some reasons to choose N26 over Imaginbank's account, with the plus of having a bank account on your smartphone.

Account opening

N26 vs Imaginbank: Account Opening
Feature description
N26Imaginbank
 
Free
Free
 

An account you can use anywhere in the world

Features
In 8 minutes, from your smartphoneYou must submit the IBAN of another Spanish account and send paperwork via post

It´s never been easier to open a bank account. Forget about the paperwork, the waiting in line and the having to go to a bank branch. With N26, you can do everything quickly, from home and on your phone. We don´t ask for any document, just to verify your identity in a few, easy steps. You´ll only need to take a selfie and a picture of your ID: it´s that easy!

Foreign currency transfers

Transferencias en moneda extranjera
Feature description
N26Imaginbank
 
Free
Free
 

An account you can use anywhere in the world

Features
From your smartphoneThey can only be done from a Caixabank branch
Waiting period
Until the transfer is completed
1-2 days7 days

Can you believe that some banks require you to go to a branch in order to send a transfer in foreign currency? While some traditional banks keep putting roadblocks to sending money, in N26 we believe an international transaction should be as easy as any other day-to-day financial operation. Hence, thanks to our partner Transferwise, we can offer you a simple, quick and secure way to send money. You can send a transfer from your smarthpone in (almost) any currency and it will arrive in a couple of days. Amazing, isn´it?

N26 vs Imaginbank: ATM withdrawals abroad

ATM withdrawals abroad
Feature description
N26Imaginbank
 
Free
Free
 

An account you can use anywhere in the world

Fee in the Euro zone
5 free withdrawals per month + 2€ per additional withdrawal in any ATM4.5%
Fee outside the Eurozone
1.7%5%

Nowadays, travelling around the world, and especially inside the European Union, is more affordable than ever, and at N26 we want to reflect this trend: for us, withdrawing money overseas shouldn´t be expensive. Whereas many traditional banks still charge you high fees for doing this, we have unified the whole Eurozone under one system (we will charge you the same if you withdraw euros in Madrid, Paris or Milan: 0€ for your first five withdrawals of the month, and 2€ for the following) and we also offer a cheap service when it comes to withdrawing money in foreign currency: we only charge 1.7% of the amount you withdraw. It´s never been easier to travel!

Source: Imaginbank´swebpage and Customer Service (March 2018)