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N26 Business review

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

N26 is one of the first providers in Europe to offer a digital banking service in which everything can be managed via your mobile phone. Some of the notable features of its business account include expense tracking, sub-accounts, and multi-lingual support.

€ 0

Monthly fee

10

Number of users

Unlimited

Free monthly Euro transfer

Details

Product NameN26 Business
Monthly fee€ 0
Supported currenciesEUR
Fee for additional users€ 14
Currency conversion fee0%
Free monthly Euro transferUnlimited
Free international transferUnlimited
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It may be one of the biggest digital banks in Europe, but is N26 Business the best option for your company? This review of N26 Busines will look at its key features and costs, to make the process of choosing that little bit easier for you.

How does N26 Business work?

N26 is a digital bank, founded in 2013. They’re currently headquartered in Berlin. While being run from Germany, N26 is 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.

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

Pros & Cons

  • Multi-lingual support
  • Useful budgeting and accounting tools
  • Sub-accounts for better expense management
  • No access to overdraft
  • No physical bank branches

Is your business eligible for N26?

N26 Business is for freelancers enrolled in professional registers, as well as freelancers and entrepreneurs with a VAT number. It does not accept applicants from partnerships, capital companies, or other entities. To check if your business is eligible for an N26 Business account, you can reach out to N26’s customer support team for answers.

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.

N26 business account options

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’s. Compare N26 business accounts below according to their pros and cons.

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.

Compare N26 business accounts and pick one to sign up for. 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 the Netherlands is with its offer of up to 0.5% 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 € 50 in your company’s coffers for each € 10,000 you spend. N26’s business accounts have lots of other things going for them; including their easy-to-use app with handy features that can help you stay on top of your finances.

However, it’s a good idea to compare N26 business accounts, including all their benefits and costs, before settling on one that meets the needs of your business.

Opinions of N26

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 business bank accounts in the Netherlands

1 - 17 of 17
Name Product Mobile View Business English Monthly fee Number of users Free monthly Euro transfer
bunq Easy Money Business
  • Monthly fee

    € 10.99

  • Number of users

    25

  • Free monthly Euro transfer

    Not applicable

€ 10.99
25
Not applicable
Benefit from multiple accounts, the ability to link your bookkeeping software, receipt linking, employee access, and simple payments.
Revolut Business Free
  • Monthly fee

    € 0

  • Number of users

    Unlimited

  • Free monthly Euro transfer

    5

€ 0
Unlimited
5
A business account with no monthly cost, designed for small teams. Keep 25+ currencies in your account and receive 5 free local transfers.
N26 Business
  • Monthly fee

    € 0

  • Number of users

    10

  • Free monthly Euro transfer

    Unlimited

€ 0
10
Unlimited
A convenient business account for freelancers. Benefit from cashback, spending categorisation and free foreign currency payments.
Revolut Freelancer Free
  • Monthly fee

    € 0

  • Number of users

    Unlimited

  • Free monthly Euro transfer

    5

€ 0
Unlimited
5
A multi-currency account where you can hold and Exchange 28 currencies. Buy virtual cards, a mobile app and an IBAN.
bunq Easy Bank Business
  • Monthly fee

    € 4.99

  • Number of users

    1

  • Free monthly Euro transfer

    N/A

€ 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.
N26 Business You
  • Monthly fee

    € 9.90

  • Number of users

    10

  • Free monthly Euro transfer

    Unlimited

€ 9.90
10
Unlimited
A premium business account with free foreign currency payments, cashback and a complimentary insurance package.
Revolut Business Grow
  • Monthly fee

    € 25

  • Number of users

    Unlimited

  • Free monthly Euro transfer

    100

€ 25
Unlimited
100
Receive Unlimited free team members, 100 free local transfers and exchange up to €10000 into 28 currencies at the real rate.
N26 Business Metal
  • Monthly fee

    € 16.90

  • Number of users

    10

  • Free monthly Euro transfer

    Unlimited

€ 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.
Revolut Business Scale
  • Monthly fee

    € 100

  • Number of users

    Unlimited

  • Free monthly Euro transfer

    1000

€ 100
Unlimited
1000
A multi-currency account with Unlimited free team members included. Get a mobile app for all cardholders and virtual cards.
bunq Easy Green Business
  • Monthly fee

    € 20.99

  • Number of users

    25

  • Free monthly Euro transfer

    N/A

€ 20.99
25
N/A
An account with an exclusive stainless steel card. Help the environment – a tree will be planted for every € 100 you spend.
Revolut Business Enterprise
  • Monthly fee

    € 1,000

  • Number of users

    Unlimited

  • Free monthly Euro transfer

    Unlimited

€ 1,000
Unlimited
Unlimited
A premium account with unlimited transfers, exchange and more. Hold over 25 currencies and receive a local Euro and GBP account.
N26 Business Smart
  • Monthly fee

    € 4.90

  • Number of users

    10

  • Free monthly Euro transfer

    Unlimited

€ 4.90
10
Unlimited
Enjoy greater convenience as you manage your business finances with budgeting tools, spend statistics and other features offered by this premium plan.
Revolut Freelancer Professional
  • Monthly fee

    € 7

  • Number of users

    Unlimited

  • Free monthly Euro transfer

    20

€ 7
Unlimited
20
A professional account for up to Unlimited users. Hold and exchange 28 currencies, get user permissions, expense management and more.
Revolut Freelancer Ultimate
  • Monthly fee

    € 25

  • Number of users

    Unlimited

  • Free monthly Euro transfer

    100

€ 25
Unlimited
100
Take the hassle out of managing your business spending with fee-free international payments, interbank FX rates, live insights and more.
Neat Business
  • Monthly fee

    € 0

  • Number of users

    1

  • Free monthly Euro transfer

    Unlimited

€ 0
1
Unlimited
Multi-currency business account. Connect to your payment gateway, make worldwide transfers and manage budgets. Includes corporate cards.
Rabobank ZZP account
Rabobank ZZP account
  • Monthly fee

    € 0

  • Number of users

    1

  • Free monthly Euro transfer

    N/A

€ 0
1
N/A
The Rabobank ZZP account is a free business account. You will receive a free debit card, you can apply for a credit card and as a starter you will receive a lot of extra benefits for the first six months.
Rabobank Business Current Account
Rabobank Business Current Account
  • Monthly fee

    € 5.30

  • Number of users

    1

  • Free monthly Euro transfer

    N/A

€ 5.30
1
N/A
A business account at Rabobank, a renowned Dutch bank with a business bank card that you can use worldwide. Starting entrepreneurs receive start-up benefits.
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