N26 has launched its new Shared Spaces feature, which could replace a user's joint accounts. The Shared Spaces feature is intended for groups with over 2 people, that require group financial planning. The feature could be used for vacations or shared bills. Shared Spaces can have a maximum of 10 members, with the original creator having admin privileges of a given shared space.
Shared Spaces will be rolled out as a premium feature, users need an N26 account and to pay €9.90 per month to operate a shared space. Free users are able to be added to the platform, however, only two free users per group can be in one Shared Space. The company's CEO, Valentin Staff, has also indicated that in future users could have different cards synced to Shared Spaces.
Image Credit: N26