N26 confirms withdrawal from US market
N26’s US customers won’t be able to access their accounts after 11 January 2022.
N26 will no longer be available to use in the US from 11 January 2022, leaving its 500,000 American customers in the lurch.
“Learnings from N26’s two years of growth in the US market are being constantly applied as it further expands its product portfolio and scales its global business.”
N26 first announced it would dip its toes into the US market in January 2019, officially launching seven months later in August 2019, and quickly amassed 250,000 customers in just five months in the US.
Despite hinting at a withdrawal from the US market, N26 recently scooped a Brazilian banking licence, with plans to launch its services in the South American country imminently—although it remains unclear what steps the bank has taken to do so.