Discover How FDIC Insurance Protects Your Money at N26

Learn how FDIC insurance works and why it is important.

3 min read

You can rest assured that your deposits are safe and secure at N26. We go above and beyond to stay on top of account security so that you can bank with confidence. With N26, your deposits are FDIC-insured up to $250,000 through our partner bank, Axos Bank®, Member FDIC.

But what does that mean, exactly? How does FDIC insurance work—and why is it important?

What is FDIC insurance?

FDIC stands for the Federal Deposit Insurance Corporation. It’s an independent agency of the U.S. government that protects the money that you deposit at FDIC-insured banks. If a bank has FDIC insurance coverage, it means that even if it fails—you won’t lose any of your money.

The federal government established the FDIC after the Great Depression, an era when dozens of banks collapsed and many people lost their deposits. But that can never happen again, as long as you choose FDIC-insured partners for your banking. You can trust FDIC-insured banks and feel confident that the money you deposit is safe.

How does FDIC insurance work?

Every FDIC-insured bank pays a premium (a set amount of money) to the FDIC. The amount depends on how many customers a bank has and how much money they have deposited.

In return for the premium, the FDIC promises to cover any deposits that might be lost if the bank fails—and it’s all backed by the U.S. government. So if your FDIC-insured bank happens to fail, the FDIC would step in to repay you the full amount of the money that you had deposited (up to $250,000).

Since the creation of the FDIC in 1933, not one penny of FDIC-insured deposits has been lost.

Are N26 accounts FDIC-insured?

Absolutely. Your deposits are FDIC-insured up to $250,000 through our partner bank, Axos Bank®, Member FDIC. You can breathe easy with an N26 account because your money is fully secure.

What other security features do N26 accounts offer?

Your security and privacy are N26’s top priorities. We keep your information safe with smart features that protect your account, including:

  • Log in securely with fingerprint or face recognition.

  • Pair your phone for added security. You’ll be asked to pair your phone as soon as you create an N26 account. This helps assure that your account can only be accessed by one smartphone — yours.

  • N26 customers are protected from fraudulent purchases with Visa's Zero Liability policy¹, so you can spend with peace of mind.

  • Control your account permissions, restrictions, and access with customizable settings. That means you can lock or unlock your card if its lost, change your PIN, and enable or disable international payments whenever you need to.

  • Get instant push notifications on purchases, withdrawals, and all account activity in real-time so you can see what’s happening with your money at any time.

  • Shift into discreet mode to blur out sensitive data from nearby prying eyes.

Support you can trust, security you can count on

Wondering whether banking with N26 is safe? Don’t worry, we’ve got your back. Learn about security at N26 for more details on how we keep your information safe.

Open an N26 account today in just 5 minutes to experience mobile banking that is fast, secure, and convenient for your mobile lifestyle.

¹ Visa’s Zero Liability Policy covers U.S.-issued cards only and does not apply to certain commercial card transactions or transactions not processed by Visa. You must notify your card issuer immediately of any unauthorized use. For specific restrictions, limitations and other details, please consult your issuer.

The N26 account is offered by Axos Bank®, Member FDIC. N26 Inc. is a service provider of Axos Bank. All deposit accounts of the same ownership and/or vesting held at Axos Bank are combined and insured under the same FDIC Certificate 35546. All deposit accounts through Axos Bank brands are not separately insured by the FDIC from other deposit accounts held with the same ownership and/or vesting at Axos Bank. The N26 Visa® Debit Card is issued by Axos Bank pursuant to a license by Visa U.S.A. Inc. The N26 Visa Debit Card may be used everywhere Visa debit cards are accepted.

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