Two elevated hands against a light blue background doing a pinky swear.

Shared Spaces

The shared bank account feature from N26.

Share the cost of living

Share money together in one place, like everyday expenses between partners, roommates, friends and family. Create a Spaces sub-account and invite up to 10 participants to add and withdraw money between your shared space and their own N26 accounts.

A screenshot of the N26 Spaces screen on the N26 app.

Shared banking – the evolution of Spaces

Some of our N26 customers will have already tried Spaces, a feature that lets you create a sub-account known as a “space”. Once created you can transfer money between your main account and your space. Shared Spaces is an added functionality for premium account users which lets you invite up to 10 participants into a space to manage the funds collectively.

Spaces

Create your shared space in a few taps

N26 You, Metal and Business You customers have the ability to create Shared Spaces! It's easy. Head to the Spaces area of your app (the 'four squares' icon), create a new space or open an existing one, and click “add participants”. Then invite friends and family with an N26 account to join.

Shared account banking with the ones you trust

Only N26 premium account holders can create a shared space, but any N26 account holder can be invited to participate. Just remember that by inviting others to join your space, you’ll be giving them what’s called ‘Power of Attorney’. This gives them full access to all the money held within that shared space, so you should only invite people to join who you know and trust.

Two hands clasping onto each other.

One space for saving and spending together

Shared Spaces is the new way to manage money together on your N26 account. Look out for this soon in your N26 app or open an account...

Frequently asked questions

What is Shared Spaces?

Shared Spaces are sub-accounts that sit within N26 Spaces, accessible via the N26 app and WebApp.

As a premium customer, you can create a sub-account and share it with up to 10 other N26 users. Invite your partner, friends, roommates and family as participants to save and spend together from the same sub-account. Each person can then easily transfer money between the shared space and their own N26 account, and even keep track of all transaction activities just by viewing the space details.

Who owns the money in Shared Spaces?

In order for multiple users to have full access to the same sub-account and the money within it, Shared Spaces uses a Power of Attorney legal model. This means that the premium account holder that originally created the shared space is the sole owner of the space. They grant Power of Attorney to the other participants, giving them permission to transfer money in and out.

The owner of the space can review this “Terms of Use” screen before they invite other N26 users to join. You can also access this when a participant accepts an invitation to join a shared space. You can find these full Terms of Use here.

How do I open a Shared Space?

If you already have a premium account with N26, you can open your N26 app and go to the Spaces section in the bottom navigation bar. Create a space, give it a name and set a goal amount. Then, tap Add new participant in the space settings, and follow the steps to send an invitation to an N26 user that has their visibility switched on.

Once they accept your invitation to join the space, the new participant will be allowed to transfer money in and out of the space. And that’s it!

Can you open a Shared Space without the other person being present?

Yes, absolutely! The beauty of Shared Spaces is that it’s all managed through each individual’s N26 account. If you’re a premium customer, create a shared space and invite up to 10 other participants at any time. They’ll receive a notification of your invitation, and once they confirm or decline the invite, N26 will also let you know that this has happened.

How do I remove someone from Shared Spaces?

Since the owner of the shared space grants Power of Attorney to the other participants, they are the only one who can add or remove participants from that space. To do so, head to the shared space, open the space details and you will see its list of participants. Tap on the name of the participant you wish to remove, and confirm.

What do I need to open a Shared Space?

Only N26 premium customers can create and be invited to join a shared space. However, if you’re an N26 Standard customer who opened an account before 16/02/2021, you may also be invited to join and participate in a shared space.

To be invited, make sure you have your visibility switched on—you can do this in your N26 app under My Account > Settings > Personal Settings > Personal Information.

What is the difference between a joint bank account and N26 Shared Spaces?

With a traditional joint account, the two people who open the account do this together, and then have legal equal ownership of it. The difference with Shared Spaces is that the N26 premium user who creates the space is the sole owner of the space. Anyone they invite to join is merely being given Power of Attorney, which allows them to access and/or contribute to the funds within that space.

Shared Spaces is the perfect solution for those looking for a simple, flexible and secure way to manage money together. Whereas joint accounts are often limited to just 2 people, N26 premium customers can create up to 10 Shared Spaces, invite up to 10 participants per space, and remove participants at any time. You can share your space with anyone you know and trust who has an N26 account, such as partners, family, friends, roommates and colleagues. Read more about how it works here.

How can I become visible so that I can participate in a Space?

You can do this directly in your N26 app. Go to the My Account section, open Settings, then tap on Personal Settings. Head to Personal Information and tick the box to confirm that you agree to be identifiable to other N26 users.