Revolut vs N26
Which innovative money app is right for you?
Quick review: Revolut and N26
Revolut is a global finance app that allows you to spend and manage your money in multiple currencies with little to no fees. The card and app offer various features including a combined UK and IBAN account, the ability to spend abroad in over 150 currencies at the interbank exchange rate, commission-free stock trading from €1 and money transfers in 30 currencies worldwide.
N26, called Number 26 when it launched in Berlin in 2013, is also a digital bank account and app. It’s available throughout Europe and now the US. You’re able to choose from three account tiers: the N26 Account (its free option), N26 You and N26 Metal. All three account options let you hold Euros in your account but you are able to exchange them into any currency for no fee. You’re also able to send, receive and request money from friends and transfer money in up to 19 currencies using Transferwise. N26 gives you spending insights and a feature called Spaces that helps you save for your goals.
Revolut vs N26 in Germany
|Mobile wallets||Apple Pay|
|Card delivery||Up to 9 working days for the Standard account and Up to 3 working days for Premium and Metal.||Up to 10 working days|
|Savings function||Vaults. No interest earned.||Spaces. No interest earned.|
|Insurance options||Overseas medical insurance with Premium plus delayed baggage and delayed flight insurance with Metal.||Allianz insurance package with N26 You and Metal accounts.|
|Money management||Monthly budgets, spending notifications, Vault roundups, spending analytics and categorisation.||Set daily spending limits, receive notifications for your account activity, tag your transactions to organise your account and have your spending automatically categorised.|
|Extra features||Cryptocurrency exchange, cashback, donations and trading.||The N26 app is available in several languages, a web app is available, you can print your transactions and the MoneyBeam feature lets you make instant transfers with your friends in the app.|
|Find out more|
Revolut or N26?
Overall, both Revolut and N26 offer great features for those looking for a new type of account. Both offer low-cost money transfers, security features such as being able to customise your card security settings or lock and unlock your card, and money management features such as spending categorisation.
However, there are some key differences that can make one account better suited to you.
Revolut is the better option if you are looking to hold multiple currencies in your app, exchange cryptocurrencies or make more than 5 ATM withdrawals per month. N26 is the app to go with if you prefer to do some of your banking on your computer, log in with your fingerprint, transfer money to friends easily or want the security of your deposits to be protected by the German Bank compensation scheme.
Something else to keep in mind is the price: while both offer free accounts, Revolut’s paid accounts are slightly cheaper