FAQ Page

Question 1

What are the advantages of the N26 Business Smart bank account?

Accepted Answer

N26 Business Smart is the bank account for freelancers and the self-employed that comes with powerful tools to better manage your business finances. Pick your unique N26 Mastercard debit card from a choice of 5 colors, and enjoy unlimited free withdrawals in Italy and across the Eurozone. Get a complete overview of your monthly expenses by category thanks to Statistics, and create up to 10 Spaces sub-accounts to easily budget and save for all your business needs. You’ll also enjoy fee-free payments in any currency, and access to exclusive partner offers. For more information, see the N26 Business Smart [Terms and Conditions](https://n26.com/en-it/legal-documents).

Question 2

Do I need a business account if I work as a freelancer?

Accepted Answer

N26 Business Smart is designed for freelancers and the self-employed—you must open your bank account using your name. Opening a business bank account is a good way to separate your personal expenses from those related to your business—it’ll allow for easier accounting and money management as your business grows.

Question 3

How can I open a N26 Business Smart bank account?

Accepted Answer

To open an N26 Business Smart bank account, you must meet our [eligibility criteria](https://support.n26.com/en-it/account-and-personal-details/opening-an-account/how-to-open-my-n26-account). If you do, you can register directly on our website or by downloading the N26 app on a compatible smartphone—it only takes a few minutes, and there’s absolutely no paperwork involved. Once you’ve verified your identity, you can start using your business bank account right away.

Question 4

Do I need to open the account under my name or under the name of my business?

Accepted Answer

To open a business bank account with N26, you must register with your first name and surname. The N26 Business Smart bank account is designed for freelancers who run their business under their own name. This means that you cannot open an account or request a card in your company's name.

Question 5

How can I get the cashback with my N26 Business Mastercard?

Accepted Answer

With N26 Business Smart, you earn 0.1% cashback on every purchase you make with your N26 Mastercard. Your cashback will be calculated and credited to your account every month automatically—you don't have to do a single thing!

Question 6

Can I open a personal account and a business account with N26?

Accepted Answer

No. At the moment, it’s not possible to have two N26 bank accounts at the same time. If you have a personal N26 bank account and wish to open an N26 Business Smart bank account, you will first need to close your personal N26 account.

Question 7

What happens if I use my N26 Business Smart bank account for my personal expenses?

Accepted Answer

N26 Business Smart is an account designed for freelancers, so you are expected to use it mainly for business purposes. However, you may also use it for your personal expenses, as long as these represent a minority compared to business-related expenses. You may use your N26 Business Smart bank account to receive payments from clients, and for paying expenses related to your business such as for travel or for rent.

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