N26 further strengthens offer in France with launch of Stocks and ETFs trading
With its new Stocks and ETFs trading product, N26 allows its customers to invest in fractional shares of hundreds of the most popular European and US assets on global equity markets with as little as 1 EUR.
The new product further strengthens N26’s premium offering in France, with N26 Metal customers benefiting from 15 free trades per month, and N26 You customers receiving 5 free trades per month. All other trades are competitively and transparently priced at 0.90 euro per trade.
Together with N26 Instant Savings, N26 Crypto and N26 Joint Accounts, N26 Stocks and ETFs will give customers the ability to go beyond managing their day-to-day finances, empowering them to build future wealth and financial well-being with simple and intuitive tools directly within the N26 app.
Paris, the 16th July – N26 today announced the launch of the Stock and ETF trading product for the French market that will allow all account holders to buy and sell stocks and ETFs for 0.90 euro per trade, directly in the N26 app. The launch of this new and comprehensive trading product will see N26 continue to expand its offer beyond its digital bank accounts, bringing customers more solutions in savings and investments. The new Stocks and ETFs trading product will allow customers to buy and sell shares of hundreds of the most popular European and US assets, and invest in global ETFs.
With financial independence increasingly front-of-mind for all customers, a growing number of Europeans aspire to proactively build their wealth. N26 Stocks and ETFs aims to make managing and building one’s investment portfolio simple and accessible to all. The new product will allow customers to buy and sell partial shares of some of the most popular European and US assets on the global equity markets at a market-leading execution price, thanks to N26’s partnership with Upvest.
“With this new feature, we are expanding our product portfolio at once to offer our customers one of the most attractive investment and saving products in France”, said Jérémie Rosselli, France & Benelux N26 General Manager.
The product’s simple and transparent pricing structure of a fixed 0.90 euro per trade offers customers access to the equity markets at one of the most competitive prices in the market. Then, the French customers will be able to invest at one of the most competitive prices in the market, without being charged commissions or custody fees. N26 customers with N26 You and N26 Metal memberships will also be able to benefit from free trades as part of their subscription. N26 You customers will have 5 free transactions per month included as part of their membership, while N26 Metal customers will get 15 free transactions per month. In addition, the digital bank plans to roll out free recurring Investment Plans in the upcoming months, giving all customers access to fee-free investing.
Customers will easily be able to view a summary of their Stocks and ETFs portfolio and purchased assets alongside their Instant Savings and N26 Crypto accounts to get a full view of their finances with N26.
N26 account holders who have successfully completed N26’s identity verification and eligibility checks will be able to sign up to open their trading account in a matter of seconds to begin investing. Funds for purchasing stocks and ETFs can then be easily moved from the main account to the trading account and invested with just a few taps.
To purchase their chosen stock or ETF, a customer simply needs to select the desired asset and the amount they would like to trade. Associated fees will be displayed transparently and will need to be reviewed and confirmed before each transaction is made, and the cash equivalent of the trade will be deducted from the account holder’s bank balance. Customers will also benefit from clear visualizations of their Stocks and ETFs portfolio, making it easy to track their purchase history and portfolio development over time.
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About N26
N26 is Europe’s leading digital bank with a full German banking license. It offers simple, secure and customer-friendly mobile banking to millions of customers in 24 markets across Europe. N26 processes over 140bn EUR in transactions a year and currently has a 1,500-strong team of more than 80 nationalities. The company is headquartered in Berlin, with offices in multiple cities across Europe, including Vienna, Paris, Milan and Barcelona. Founded by Valentin Stalf and Maximilian Tayenthal in 2013, N26 has raised close to US$ 1.8 billion from some of the world’s most renowned investors.
Website: n26.com | N26 Press Contact: press@n26.com