A recent market expansion will now allow those in United States markets to open an N26 bank account. The company is a fintech startup based in Europe, which offers a number of different functions that challenge conventional banking. The service is now live, where United States customers can open an N26 bank account from a mobile device. Customer accounts will be legitimate bank accounts, which follow standard practices, like routing numbers as well as account numbers.
Other features of the accounts are novel and offer new services to customers. Notably, N26 does not charge fees for its basic accounts, this means that users do not have to pay monthly or need a minimum balance. Additionally, there are no fees for foreign currency transactions. Customers will also get two ATM withdrawals per month that are free. The company also has plans to set up a system where users are automatically repaid for ATM fees.
Image Credit: N26