N26 expands through Europe

By George Geddes on Wednesday 7 November 2018

Digital Banking

N26’s standard and business accounts have launched in four new markets with new products and locations to be announced over the next year.

Challenger bank N26 has launched its services in four new European markets. Launching in the UK in early October, the neo-bank is now available in Denmark, Norway, Poland and Sweden. The company has also announced it will be available in Liechtenstein and Iceland later this year.

N26’s newest customers have access to either the standard or business account. Targeting well-travelled freelancers or self-employed, individuals can send and receive money within the eurozone through the smartphone app.

All customers receive a free debit Mastercard, and N26 business account users will get 0.1 per cent cashback when using it.

Alexander Weber, Head of International Markets at N26, said in a statement: “Many customers in Europe live an increasingly international lifestyle, travelling and doing business abroad. Since our initial launch we received a lot of requests from N26 enthusiasts outside the eurozone to offer our product in their countries. We listened to this feedback and are excited to provide our banking product to customers in Denmark, Norway, Poland, and Sweden today.”

In addition to the standard and business accounts on offer, N26 Metal and N26 Black are planned to launch in the new markets soon. Both accounts offer travel insurance but N26 Metal offers further perks such as a free day a month at WeWork.

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