How Many Checking Accounts Are Too Many?
What is a checking account?
Banking basics
Banking jargon can be confusing—but it doesn't have to be. Find simple explanations to popular banking terms.
Learn the basicsHow many checking accounts do you need?
- They want to take advantage of certain perks, products, or services that are offered at different banks.
- They have a joint account with their spouse and a personal account for themselves.
- They have one account at their parents’ bank and another somewhere else.
- They need a separate account for their small business or freelancing work.
- They want different accounts for different money-saving goals.
- They just like to spread their money out between different banks.
Can you have too many bank accounts?
What should I look for in a new bank account?
- Look for an account with no fees. Some bank accounts are loaded with sneaky hidden fees that can really add up. You could be charged a fee every time your balance drops below a certain amount, every time you make a transaction abroad, or every month just for having the account. Unlike most banks, N26 doesn't charge hidden fees.
- Look for an account that helps you track your money. By tracking your transactions, you’ll be able to budget efficiently and better manage your finances. The N26 app automatically categorizes your expenses for you so that you don’t have to. You can see a simple visual breakdown of your spending statistics anytime. You can also customize your banking experience by tagging your transactions, so you’re able to find them down the road.
- Look for an account that gives you access to ATMs. ATM fees are no fun, and can certainly add up. Get access to over 5000 fee-free ATMs with N26 through our partnership with Allpoint®. You’ll also get two free out-of-network withdrawals each month so you don’t have to stress if you need cash right away.
- Look for an account with perks. Your N26 debit card gives you exclusive discounts and cashback rebates on subscriptions from brands you love, like TIDAL, Headspace, Udemy, adidas, Fiverr, Headout, and more.
- Look for an account that helps you reach your savings goals. With N26 Spaces, you can keep your money separate as you work towards individual financial goals. Personalize each goal with an icon, add targets, and transfer money from your main account with a single swipe.
- Look for an account that is secure. A secure account gives you confidence and control over your money. You’ll enjoy innovative security benefits with N26, like automatic alerts on all account activity via push notifications. You can also customize your account access with a few taps, and switch into discreet mode when someone’s lurking nearby.
- Look for an account that offers powerful mobile banking. Never miss a beat with a checking account that’s as on-the-go as you are. The N26 app gives you convenient access to your account whenever and wherever you need it.
The bank you'll love
✓ 100% mobile ✓ No hidden fees ✓ No paperwork ✓ Free virtual Mastercard ✓ Investment tools
Get startedMake the most of your bank account with N26
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