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N26 Business Accounts review

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

N26 has now passed 100,000 users in Ireland – and the Germany-based challenger bank says that plans are afoot to “significantly” scale up investment in the country in the coming year. But is a business account with N26 the best option for your business?

This review looks at the key features, and costs, of N26’s business accounts to make the process of comparing that little bit easier for you.

0 €

Maintenance fee

2 €

ATM fee


Currency conversion fee


Product NameN26 Business
Monthly Fee0 €
Number of users10
Fee for additional users14 €
Supported currencies


Free monthly Euro transfersUnlimited
Currency conversion fee0%
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More Info

N26 supports self-employed customers and freelancers with its 4 business accounts. There are lots of features to benefit from but you’ll have to choose between a personal or business account as you can’t have both. Read on to see if N26 Business is suitable for you?

How does N26 Business work?

The business accounts from digital bank N26 are designed for freelancers and come with a number of the features of the N26 personal accounts, plus a few extras. The accounts live on a smartphone, have great security features and four account options, including a free account.

N26 is fully licenced and so your business funds will be protected up to €100,000. It is also regulated by the Central Bank of Ireland on its conduct of business.

Is your business eligible for N26 Business?

The business accounts from N26 are all designed for freelancers, those that are self-employed and individual entrepreneurs that use a VAT number.

You will only be able to set up an N26 Business account in your own name. It cannot be set up in the name of your business, partnership, capital company or any other entity.

Key features

The business account comes with a number of features, including:

  • Business Mastercard. Spend globally and get cash when you need it with an N26 Business Mastercard. You’ll have your choice of five colours.
  • Cashback. When you spend with your business Mastercard you’ll receive 0.1% cashback.
  • Expense tracking, tax returns and invoices. Keep your business organised with on-the-go business expense tracking and automatic categorisation of your transactions. You can also download statements and manage your account on the N26 web app.
  • Automated savings. Make sure you have enough set aside for large expenses and tax payments by creating rules for automatic savings transfers.
  • Sub-accounts. You will have access to up to 10 sub-accounts that you can use to organise your expenses and payments.
  • Instant payments. You can send request and receive money instantly with other N26 users through MoneyBeam. You can also receive payments instantly through SEPA Instant Credit.
  • Keep your account secure. The N26 Business Account comes with two-factor authentication, instant spending notifications and biometric identification for the app. Plus, your deposits up to €100,000 are protected.
  • Perks. Choose from a range of benefits to help build your business including discounts on Lime and Blinkist plus access to Google Ads and Fiverr.
  • Multi-lingual and multi-channel support. Get support from N26 when you need it through the in-app chat or the dedicated helpline. Support is offered in English, French, German, Spanish and Italian.
  • Mobile payments. All N26 Business accounts are mobile payment-enabled, so you can spend on your smartphone with Apple Pay or Google Pay.

What are the account options for businesses?

There are four business accounts to choose from with this online-only bank: N26 Business, N26 Business Smart, N26 Business You and N26 Business Metal. Here are some of the features you’ll enjoy with each account:

  • Fees and limits

    • Monthly fees. You will pay a monthly fee of €0 for the standard account, €4.90 for Business Smart, €9.90 for Business You and €16.90 for Business Metal.
    • Card fee. You will pay a card fee of €10 with the standard account.
    • ATM fees. You will be charged a transaction fee of €2 once you have reached your monthly free withdrawal limit for the Eurozone.
    • Currency conversion fee. All N26 accounts come with a 0% currency conversion fee.

    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.

    Our verdict

    N26 stands out against other digital banks in Ireland with its cashback offer of 0.1% (or 0.5% for N26 Business Metal). This might not sound like much, but it can add up quickly, especially if your company has a lot of outgoings each month. There are a number of other features which will make organising your business easier, including the ability to set automated savings, see insights into your spending and complimentary insurance coverage. There are four account options as well, so you can pick the level of features you’re willing to pay for.

    Keep in mind that N26 Business accounts are not designed for large corporations.

    Customer opinions of N26 Business

    N26 has 3.9 out of 5 stars on Trustpilot and a rating of Great (September 2021) based on 18,512 reviews. However, these reviews refer to both the N26 personal and business accounts.
    64% of N26 users say it is Excellent while 24% rate it as Bad or Poor.

    N26 is praised for having good accounts for small businesses, fast setup process and efficient support. Some users have shared problems with N26, including poor customer service and not being able to hold separate personal and business accounts at the same time.

    How does N26 compare with other digital banks for business in Ireland?

    Name Product Monthly Fee Number of users Free monthly Euro transfers
    N26 Business Metal
    16.90 €
    Streamline your corporate banking needs with automatic transfers, expense tracking, and more. All card purchases also comes with 0.5% cashback.
    Revolut Business Grow
    25 €
    Receive Unlimited free team members, 100 free local transfers and exchange up to €10,000 per month into 25+ currencies at the real rate.
    bunq Easy Money Business
    10.99 €
    Benefit from multiple accounts, the ability to link your bookkeeping software, receipt linking, employee access, and simple payments.
    Revolut Freelancer Ultimate
    25 €
    Take the hassle out of managing your business spending with fee-free international payments, interbank FX rates, live insights and more.
    Revolut Freelancer Professional
    7 €
    A professional account for up to Unlimitedusers. Hold and exchange 25+ currencies, get user permissions, expense management, and more.
    N26 Business Smart
    4.90 €
    A business current account with an Italian IBAN for freelancers. It offers cashback, shared spaces to save, automatic rounding, discounts and premium offers.
    bunq Easy Green Business
    20.99 €
    Earn interest and simplify your business finances with this mobile-only corporate bank account. You’d also help plant a tree for every €100 spent.
    Revolut Business Enterprise
    1,000 €
    A premium account with unlimited transfers, exchange and more. Hold 28 currencies and receive a local Euro and GBP account.
    bunq Easy Bank Business
    4.99 €
    Enjoy zero FX fees on your overseas spending, plus send and receive instant payments with ease. Comes with a complimentary prepaid card.
    N26 Business
    0 €
    A convenient business account for freelancers. Benefit from cashback, spending categorisation and free foreign currency payments.
    Revolut Business Scale
    100 €
    A multi-currency account with Unlimited free team members included. Get a mobile app for all cardholders and virtual cards.
    Revolut Business Free
    0 €
    A no monthly fee business account designed for small teams. Hold 25+ currencies in your account and get 5 free local transfers.
    N26 Business You
    9.90 €
    A premium business account with free foreign currency payments, cashback and a complimentary insurance package.
    Revolut Freelancer Free
    0 €
    A multi-currency account where you can hold and exchange 25+ currencies. Get virtual cards, a mobile app, and an IBAN.
    Neat Business
    0 €
    Meet your international banking needs with global transfers, built-in analytics, multi-currency wallets, and other advanced finance management tools.
    Soldo Pro
    6 €
    Control your business spending effortlessly through automated accounting, expense insights, and a whole range of sophisticated banking features.
    Soldo Premium
    10 €
    Stay on top of costs with business-wide visibility and effortless control, all within a single platform built for corporate needs.
    Soldo Uno
    0 €
    Control spending and set limits with either a plastic or virtual prepaid Soldo Uno Mastercard. Benefit from free deposits, accounting tools and 2% foreign exchange fees on overseas purchases.

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