N26 to launch premium business account

Business Black, N26’s new service, is mostly designed for freelancers and the self-employed.

Germany-based digital bank N26 will this week launch a new business account as it looks to expand its premium services.

N26 Business Black is primarily aimed at freelancers and the self-employed, many of whom already bank with the firm in a personal capacity, who regularly travel and need their bank to offer security and accessibility. The app-based bank, which launched the feature following customer feedback, will offer the premium account holder foreign travel insurance, car rental insurance and fee-free foreign currency withdrawals.

Having launched N26 Business back in 2016, N26 received a lot of feedback from their customers regarding their need for insurance when traveling for work. That feedback led to the introduction of ATM cash protection, mobile theft insurance and cashback of 0.1 per cent for each transaction through Business Mastercard.

Receiving a new business mastercard, the Business Black users will be able to navigate between both their business and personal accounts. Additionally, they will have access to N26’s new feature Spaces which allows the user to move funds in to a savings account depending on the user’s preferences.