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N26 Business review

What you need to know about the popular digital banking app in Germany.

N26 was one of the first in Europe to provide a digital banking service in which everything can be managed via your mobile phone. Today, businesses around the world use N26 for fast payments, budgeting tools and more.

0 €

Management Fee

2

Number of users

Unlimited

Local transfers limit

Compare the banking products from N26

Name Product Management Fee Number of users Local transfers limit
N26 Business
0 €
2
Unlimited
A convenient business account for freelancers. Benefit from cashback, spending categorisation and free foreign currency payments.
N26 Business Smart
4.90 €
10
Unlimited
A business current account with an Italian IBAN for freelancers. It offers cashback, shared spaces to save, automatic rounding, discounts and premium offers.
N26 Business You
9.90 €
10
Unlimited
A premium business account with free foreign currency payments, cashback and a complimentary insurance package.
N26 Business Metal
16.90 €
10
Unlimited
The N26 Business Metal is a company account with which you get a metal bank card and 0.5% cashback on all your purchases.
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N26 is one of the most popular digital banks in the world — but is a business account with N26 the best option for your company? This review looks at the key features, and costs, of N26’s business accounts to make the process of comparing that a little bit easier for you.

How does N26 work?

N26 is a German digital bank, founded in 2013 and currently headquartered in Berlin. It’s available in a number of countries throughout Europe and has an estimated 2.5 million customers across the continent.

N26 currently offers a number of personal and business bank account options, the N26 app and cards.

Key features

  • Minimal fees. There are no fees for account opening, foreign currency purchases or overseas transactions.
  • No minimum deposit. All N26 business accounts don’t require a minimum deposit
  • Free virtual debit card. Start using your account as soon as you opened it with a free virtual debit card. Physical N26 business cards are also available at a one-time 10 € delivery fee.
  • Cashback. Earn 0.1% cashback on all expenses charged to your N26 Business Mastercard per month.
  • Mobile payments. N26 cards are compatible with Apple Pay and Google Pay
  • Fast payments. All payments are cleared within one working day.
  • Advanced security features. The N26 card is equipped with 3D Secure, as well as a card freeze or unfreeze function on the app.
  • Budgeting tools. Manage your cash flow easily with the app’s in-built budgeting and planning tools.
  • Interbank exchange rates. Choose from a vast selection of currencies and make international transfers at the real market exchange rate with Wise, available within the N26 app.
  • Push notifications. Keep track of any account activities with instant alerts.
  • Round-the-clock support. N26 has a 24/7 chatbot that can answer your enquiries either through the N26 mobile or web app.

What are the N26 account options for businesses?

There are four business accounts offered by this online-only bank: N26 Business, N26 Business Smart, N26 Business You and N26 Business Metal. These accounts are aimed specifically at freelancers and the self-employed – your account can only be registered in your name, not your company.

Fees and limits

There are a few different costs, fees and limits to consider when you choose a business account with N26.

We’ve listed some of the most important fees that you should consider in this table. For a complete list of the fees, visit the N26 website.

N26 Business MetalN26 Business YouN26 Business SmartN26 Business Standard
Monthly maintenance fee€16.90€9.90€4.90€0
Deposit fee (for balances > €50,0000.5%0.5%0.5%0.5%
Physical/Maestro card and delivery fee10 €10 €10 €10 €
Additional or replacement debit card 10 €10 €10 €10 €
Replacement N26 Metal card €45N/AN/AN/A
ATM withdrawals (within Germany)8 withdrawals per month, €2 per withdrawal thereafter5 withdrawals per month, €2 per withdrawal thereafter5 free ATM withdrawals per month, €2 per withdrawal thereafter3 free ATM withdrawals per month, €2 per withdrawal thereafter
ATM withdrawals (outside Germany)FreeFreeFreeFree
Mastercard withdrawals at ATMs in foreign currenciesFreeFree1.7% of amount drawn1.70% of amount drawn
Maestro card withdrawals at overseas ATMs in EUR €2 per withdrawal€2 per withdrawal€2 per withdrawal€2 per withdrawal
Maestro card withdrawals at ATMs worldwide in foreign currencies€2 per withdrawal + 1.7% of amount drawn€2 per withdrawal + 1.7% of amount drawn€2 per withdrawal + 1.7% of amount drawn€2 per withdrawal + 1.7% of amount drawn
Transfers sent/received from EEA states and Switzerland in EURFreeFreeFreeFree

How to sign up with N26

Opening a business account with N26 can take just eight minutes, according to the bank.

The paperless application process can be started from either your phone or computer. After confirming your email address and downloading the app to your smartphone, you’ll have to complete an ID verification. This is done by taking a selfie and a photo of your ID through the app. You’ll then have to pair your smartphone with your new account. After these steps, you’ll be able to add funds to your new business account.

You can then start using your account immediately, there’s no need to wait for your card to arrive in the post.

The verdict

N26 stands out against other digital banks in Germany is with its offer of 0.1% cashback on purchases. This might not sound like much, but it can add up quickly, especially if your company has a lot of outgoings a lot each month.

For example, you’d get €100 in your company’s coffers for each €10,000 you spend. N26’s business accounts have lots of other things going for them; including its easy-to-use app with handy features that can help you stay on top of your finances.

However, it’s a good idea to look into a range of different accounts, including all their benefits and costs, before settling on one that meets the needs of your business.

Our Verdict

N26 is a reputable digital bank that offers a range of business banking accounts to fit varying business needs. If having quick business banking at the tips of your fingers is something that matters to you, then N26 might have the right account for your company.

Experiences from other N26 users

N26 scores 4 over 5 based on 15,000+ reviews and is rated Great on Trustpilot.

User ratings# of reviewsWhat do customers say
4 / 515,051
  • “This internet-only, fully-licensed European bank offers most of the accustomed features, regulation, safety, and service of the regular banks, but in a lightweight mobile app.” — Alex Mambourg
  • “I have been a customer for over a year and I find the N26 bank very good, easy and comfortable to use. My experience is very positive, I have not encountered any problems and I find the customer service very good.” — Alex
  • “My card was recently used fraudulently, causing it to be locked. If you need a new card for this reason, you either need to wait over 2 weeks for a new one, or pay them 20€.” — Emma Dawkins

*Note: Information provided is based on the reviews and rating on Trustpilot (11 May 2021).

Compare N26 with a range of digital banks in Germany

Name Product Management Fee Number of users Local transfers limit
bunq Easy Bank Business
4.99 €
1
N/A
Enjoy zero FX fees on your overseas spending, plus send and receive instant payments with ease. Comes with a complimentary prepaid card.
Commerzbank Founder offer
14.90 €
1
75 per month

Receive 100 € opening your account online and enjoy 14.90 € per month for the first 2 years

N26 Business You
9.90 €
10
Unlimited
A premium business account with free foreign currency payments, cashback and a complimentary insurance package.
Kontist Free Business Account
0 €
1
Unlimited
A free business account for solo self-employed. No hidden costs, convenient account switching service, first-class in-house support. SEPA transfers and direct debit, Visa Business Virtual Debit Card, Google Pay and overdraft facilities.
Penta Starter
Penta Starter
9 €
2
100
A German IBAN and current account for startups and small businesses that gives you convenient account management, international payments and multi-user support.
N26 Business Metal
16.90 €
10
Unlimited
The N26 Business Metal is a company account with which you get a metal bank card and 0.5% cashback on all your purchases.
bunq Easy Green Business
20.99 €
25
N/A
Manage your business finances effortlessly with a wide array of features, including automatic payment requests, spend analytics and more.
Commerzbank Premium business account
24.90 €
1
75 per month
A premium account with travel benefits and insurance coverage. Free transfers, free cash withdrawals and up to four premium credit cards.
Kontist Premium Business Account
9 €
1
Unlimited
Premium account for solo self-employed. For a monthly fee of , it contains the same services as Kontist Free plus a few other services such as tax calculations.
bunq Easy Money Business
10.99 €
25
N/A
Benefit from multiple accounts, the ability to link your bookkeeping software, receipt linking, employee access, and simple payments.
N26 Business Smart
4.90 €
10
Unlimited
A business current account with an Italian IBAN for freelancers. It offers cashback, shared spaces to save, automatic rounding, discounts and premium offers.
Kontist Duo Business Account
12 €
1
Unlimited
Duo account for solo self-employed. Contains the same services as Kontist Premium for a monthly fee of plus lexoffice services such as digital document management.
Penta Comfort
Penta Comfort
19 €
5
300
A top-tier business account for startups and companies with accounting integrations and international payments. Access it all through a smart mobile app.
N26 Business
0 €
2
Unlimited
A convenient business account for freelancers. Benefit from cashback, spending categorisation and free foreign currency payments.
Commerzbank Classic business account
9.90 €
1
10 per month

Receive 100 € opening your account online and enjoy 0 € price for 6 months

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Please note these products are not licenced as banks. Check our product review pages for details.
Name Product Management Fee Number of users Local transfers limit
Revolut Business Free
0 €
Unlimited
5
A no monthly fee business account designed for small teams. Hold 28 currencies in your account and get 5 free local transfers.
Qonto Basic
9 €
1
30
Self-employed account including 1 user and 1 physical one card. It allows up to 30 free transfers
Revolut Freelancer Professional
7 €
Unlimited
20
A professional account for up to users. Hold and exchange 28 currencies, get user permissions, expense management and more.
Qonto Premium
39 €
5
100
A flexible current account for startups and small businesses. Receive unlimited users, multi-lingual support, customised account access, bulk transfers and more.
Revolut Freelancer Ultimate
25 €
Unlimited
100
Take the hassle out of managing your business spending with fee-free international payments, interbank FX rates, live insights and more
Qonto Smart
19 €
2
60
A low-cost business account solution for small businesses and freelancers. Get 1 physical cards and 2 users included along with a number of features.
Revolut Freelancer Free
0 €
Unlimited
5
A multi-currency account where you can hold and exchange 28 currencies. Get virtual cards, a mobile app and an IBAN.
Qonto Business
99 €
5
500
A complete package for team expense management. Up to 5 user access, 10 accounts with individual IBANs and a wide array of advance finance management tools.
Revolut Business Enterprise
1,000 €
Unlimited
Unlimited
A premium account with unlimited transfers, exchange and more. Hold 28 currencies and receive a local Euro and GBP account.
Qonto Essential
29 €
2
100
A low-cost business account solution for small businesses. Get 1 physical card and 2 member access, plus a number of other features.
Revolut Business Scale
100 €
Unlimited
1000
A multi-currency account with free team members included. Get a mobile app for all cardholders and virtual cards.
Revolut Business Grow
25 €
Unlimited
100
Receive 10 free team members, 100 free local transfers and exchange up to 10000 € into 28 currencies at the real rate.
Qonto Enterprise
249 €
10
1000
Enjoy the highest limits and complete access to Qonto’s business features. Create unlimited IBAN accounts and benefit from 7-days-a-week VIP support.
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