Is N26 Really Free? Your Account Questions Answered

N26 believes that banking should be transparent, with no hidden fees or confusing language designed to trick you.

4 min read

You might have heard of the $38 cup of coffee ($3 plus a $35 fee), or maybe you’ve experienced one of these pricey overdraft fees first-hand. Each year, many of us spend nearly as much on hidden bank fees as we do on major purchases. More often than not, banking is riddled with confusing service charges, maintenance fees, and minimum account balance requirements. Many of these charges are disguised in fine print and can appear in your account when you least expect them. N26 believes that banking should be transparent, with no hidden fees or confusing language designed to trick you.

Below we’ve answered some of the most frequently asked questions about just how much it costs to open and use an N26 account.

How much does an N26 account cost?

It costs nothing to open an N26 account, and with no minimum balance, service fees, or maintenance charges, simply keeping your money at N26 won’t cost you anything.

Is N26 a prepaid card?

No. N26 gives you a full service Visa® debit card and checking account offered through our partner bank, Axos Bank®, Member FDIC. Creating a truly mobile banking experience, N26 accounts include tools to help you manage and make the most out of your money, including instant notifications on all account activity, Spaces to help you meet your savings goals, and Perks to receive discounts and cashback from brands you love. For a full list of features and benefits, check out our N26 account page.

How much does it cost to get cash out?

We’ve made getting fee-free cash with your N26 card easy and convenient. You can get unlimited free ATM withdrawals at over 55,000 Allpoint locations across the U.S., Canada, Puerto Rico, Australia, Mexico, and the U.K. Just open the app to find the nearest Allpoint ATM location.

What about out-of-network ATMs?

For out-of-network transactions, N26 rebates all ATM fees (including operator fees) for the first two withdrawals each month anywhere in the U.S. After that each out-of-network withdrawal will cost $2.

Does it cost to use my card internationally?

Paying with your N26 debit card internationally is convenient and fee-free. You can enable international transactions right from the “Actions” tab of our app, and use your card normally when you travel abroad.

What if I need to withdraw cash while I’m traveling?

Keep in mind that we do charge a fee for international ATM withdrawals outside of the Allpoint network. You can always search for the nearest Allpoint ATM directly in the N26 app.

How much does it cost to use Spaces?

Putting money aside to help you reach your goals with Spaces is fast, intuitive, and totally free. There are no minimum account balances, and no fees or limits associated with moving money in and out. Easily create a new goal right from your phone, and transfer money from your main account in just a few taps.

How much does it cost to send money with N26?

Sending money to anyone with an N26 account with MoneyBeam is free. It’s also the fastest and most convenient way to send and receive money to and from friends and family that bank with N26.

Does N26 charge overdraft fees?

N26 doesn’t charge overdraft fees. To prevent your account from going into negative territory, we will decline transactions when you don’t have enough money in your account to cover them. That said, the N26 app comes with a number of tools to help you keep track of your finances and better manage your money, like spending statistics, the ability to set withdrawal limits, and Spaces to help you save for your financial goals in a way that best fits your life.

Is opening an N26 account safe?

The safety of your money is one of our main concerns. If you misplace your N26 debit card, you can instantly lock and unlock it right from the app. You can also disable or enable online and international spending in the same way. You will also receive instant notifications on all account activity for added peace of mind. Plus, all of your deposits are FDIC-insured up to $250,000 through our partner bank, Axos Bank®.

Ready to take the leap? Open an N26 account in 5 minutes right from your smartphone, to experience banking with zero hidden fees. Yes, really — no minimum account balance, no maintenance charges, no insufficient funds fees, no problem.

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.

By N26

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