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Revolut vs. N26

Both fintech companies are fully digital with app-based budgeting.

Both of these European fintech companies are relatively new to the US, but N26 is temporarily closed to new applicants while it seeks a new partner bank. Which one you should choose depends on how you spend and manage your money.

Revolut vs. N26: Side-by-side comparison

Revolut offers a free plan as well as two different premium plans. At the time of writing N26 offers one plan. The following chart compares the N26 plan against the free standard Revolut plan.
RevolutN26
Monthly fees and charges$0 Standard plan, $9.99 Premium plan, $16.99 Metal plan$0
Domestic ATM chargesFree withdrawals up to $1,200/month. Then 2% of the withdrawal amount2 free withdrawals per month, then $2 per withdrawal
Foreign ATM chargesFree withdrawals up to $1,000/month for Standard plan, unlimited transactions for Premium Plan and Metal plan. Then 2% of the withdrawal amount2% of the withdrawal amount
Send money to friendsFree to anyone with a Revolut planFree to anyone with an N26 plan
Transfer money internationallyFor Standard plans, exchange up to $1,000 in 28 fiat currencies for free — but only on weekdays. For the Premium and Metal plans, exchange in 28 fiat currencies — no monthly limitN/A
Spending insightsShows spending by category, merchant, country, and monthOffers insights into where you spend your money, along with monthly reports help understand your spending habits
Freeze your cardYes: Touch of a button in appYes: Touch of a button in app
Interest4.25% annual percentage yield (APY) for Premium or Metal users with Savings vault and 0.05% APY for Standard usersNone
Savings goalsSet budgets in the app and open savings vaults that let you store your moneySpaces feature lets you open subaccounts to stash your money away
VisualizationSpending graphs show which days you’ve spent most/least moneyMonthly spending statistics shown in pie chart
Foreign exchange fees0.5% for spending more than a certain unspecified amount each month, plus a flat markup on weekends and for some currenciesNone

Revolut vs. N26: The verdict

Using the app

In terms of the actual app, there’s not much separating these two. Both Revolut and N26 offer stylish graphics and spending insights, categorizing your transactions and showing you how much you’ve spent in a category or at a particular shop. Budgeting with both apps is easy and structured. Both also offer the ability set aside funds for savings. N26 has Spaces and Revolut has Vaults.

Security

Since launching in the US, N26 has provided FDIC insurance through its partner bank, Axos Bank. However, that partnership is ending. N26 is currently closed to new applicants as it transitions to a new partnership with a different, currently unnamed FDIC-insured institution. We spoke with an N26 representative who confirmed that existing accounts will remain FDIC insured during the transition.

Revolut partners with FDIC-insured bank Metropolitan Commercial Bank to protect funds on its prepaid debit cards.

Video: Alex Weber, head of international markets, on why N26 is different

Compare with other financial apps and digital banks

Name Product Fee Minimum deposit to open Annual Percentage Yield (APY) Offer
SoFi Checking and Savings
Finder Score: 4.5 / 5: ★★★★★
Bonus
SoFi Checking and Savings
$0 per month
$0
4.60% on balances of $0+
0.50% on balances of $0+
1.20% on balances of $0+
Get up to $300 cash bonus with qualifying direct deposit. Terms apply. This offer is available until June 30, 2024.
Earn up to 4.60% APY on savings by meeting deposit requirements, and 0.50% APY on checking balances. Members without deposit requirements will earn 0.50% APY on both savings and checking balances. Turn on automatic savings or use the Roundups feature to help you reach your savings goals faster. Get up to $2M of additional FDIC insurance through a network of participating banks.
Upgrade Rewards Checking Plus
Finder Score: 4.3 / 5: ★★★★★
Upgrade Rewards Checking Plus
$0 per month
$0
N/A
Earn up to 2% cashback rewards on everyday purchases. Pay $0 fees for overdraft, domestic wire transfer and monthly maintenance. Member FDIC.
Cash Card by Cash App
Finder Score: 4.4 / 5: ★★★★★
Cash Card by Cash App
$0 per month
$0
N/A
The Cash App Cash Card lets you pay for goods and services both online and in stores using your Cash App balance. Enjoy features like ATM access, direct deposit, instant discounts at select stores and a customizable card.
Axos Bank Rewards Checking
Finder Score: 4.2 / 5: ★★★★★
Bonus
Axos Bank Rewards Checking
$0 per month
$0
3.30% on balances of $0 to $50,000
Use promo code AXOS300 and apply by June 30th, 2024, to earn up to $300 bonus, $50 each month you meet requirements: Make direct deposits of $5,000+ each month for the first 7 months and maintain an average balance of $7,000.
Earn up to 3.3% APY after meeting rate requirements. Get ATM free reimbursements at all domestic ATMs. Pay $0 monthly or overdraft fees. FDIC insured.
Chime® Checking Account
Finder Score: 4.8 / 5: ★★★★★
Chime® Checking Account
$0 per month
$0
N/A
Save easily and access your paycheck up to 2 days early with direct deposit. Pay $0 monthly fees, and no minimum balance is required. Access 24/7 support and get daily balance and transaction alerts. FDIC insured.
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Bottom line

Both N26 and Revolut offer consumers a fully in-app way to control their finances. The products are very similar, but one might be better or you based on your unique needs and preferences.

If you’re considering switching banks, compare other checking accounts to N26 and Revolut before making a decision.

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2 Responses

    Default Gravatar
    MischaOctober 11, 2019

    ATM withdrawals abroad. Revolut lets you withdraw $300 a month at foreign ATMs, but charges a 2% fee after that. N26 charges $2 plus 2% of the withdrawal amount.

    That’s not true ! N26 charges 1,7% of the withdrawal amount, without extra 2 $ !!!

      AvatarFinder
      RyanOctober 11, 2019Finder

      Mischa,
      Thanks for reaching out to us. The 1.7% is the percentage amount for N26’s EU account holders. US account holders have a 2% charge. We also doubled checked N26’s extra $2 fee. Its website still mentions the $2 fee, but an N26 customer service rep confirmed that there’s actually no $2 extra, just 2%. Hopefully N26 will update its website soon. We’ve updated our reviews. Thanks for pointing that out.

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