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N26 Business Account Review [2024]: Features, Fees & Alternatives

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Features - 4/5

Fees - 3.5/5

Customer Support - 3/5

Ease of opening an account - 4/5

Our Rating Methodology

Click "More info" to understand how we calculate our N26 Business Account ratings.

What is N26?

N26 is a German 100% mobile bank. It was formerly operated as Number 26 before obtaining a full European banking licence from the Federal Financial Supervisory Authority (BaFin) in 2016.

With headquarters in Berlin, N26 Bank provides financial services to over 7 million customers in 24 countries. It is also one of Europe's top three largest fintechs by market capitalisation. 

N26 Bank provides current accounts for personal and business clients. As a fully licensed German bank, funds deposited with N26 are protected under the German Deposit Protection Scheme.

N26 was named The World’s Best Bank by Forbes in 2021.

Account Managers of the Statrys business account

N26 Pros and Cons

Pros of using N26 business accounts

Why N26 may be a good option:

  • Easy and convenient online and in-app application process.
  • Accounts designed for freelancers and self-employed individuals.
  • Four different tiers of business accounts that are tailored to individual needs and budgets.
  • Monthly cashback on every Mastercard® spending.

Cons of using N26 business accounts

Why N26 may not be a good option:

  • Cannot hold two accounts under the same name.
  • Business accounts are only available for freelancers and individual entrepreneurs.
  • No physical branches.
  • Limited customer support access.

Featured Reviews

Elaine rates N26 ⭐⭐⭐⭐⭐

A great Neo bank with packages to suit all.

I have an N26 Smart business account for almost 2 years now. My experience has been very positive and I would highly recommend them as a modern Neo bank.

Recently, I fell victim to a scam website and the N26 customer service was very supportive, and they helped me to get my money back very quickly.

Source: Trustpilot review

Bo Kamstrup rates N26 ⭐⭐⭐⭐

N26 is very suitable for a small business…

N26 is very suitable for a small business with a simple business concept. The app is very good indeed and the functionality regarding anti fraud and misuse of Mastercard® is brilliant.

Source: Trustpilot review

N26 Features

Business Accounts

N26 offers four tiers of business current accounts: N26 Standard, N26 Smart, N26 You, and N26 Metal. They are designed for individual freelance or self-employed users.

With an N26 business account, you can send and receive euro payments through SEPA bank transfer. Additionally, you can transfer, request, and receive instant payments from other N26 users with MoneyBeam. The N26 business accounts also support SWIFT payments.

N26 has partnered with Wise to facilitate internal transfers in multiple foreign currencies and does not provide in-house foreign exchange services. However, this integration is currently not available for business customers. We were unable to find if N26 Bank supports multi-currency business bank accounts.

The table below shows some key features of each N26 business account.

Feature N26 Standard N26 Smart  N26 You N26 Metal 
Physical and virtual card yes yes yes yes
Free card payments worldwide yes yes yes yes
Free unlimited CASH26 cash withdrawals yes yes yes yes 
Unlimited CASH26 cash deposits for a 1.05% fee yes yes yes yes 
Downloadable transaction lists in CSVs and PDFs  yes yes yes yes 
3D Secure protection yes yes yes yes
Deals, discounts, and offers from partner brands no yes yes yes
Share sub-accounts with up to 10 other N26 users no yes yes yes
Travel Insurance no no yes yes 
Purchase protection and mobile phone coverage insurance no no no yes 

Payment Cards

All N26 business accounts come with virtual and physical cards that allow contactless, mobile, and unlimited fee-free card payments in any currency worldwide. N26 Standard customers can request a physical card for €10, which is free for other tiers.

N26 Standard, N26 Smart, and N26 You can benefit from 0.1% monthly cashback on all N26 Mastercard® spendings. N26 Metal also gets the same feature but receives 0.5%.

N26 Crypto

Every N26 business user can instantly trade almost 200 coins, including Bitcoin and Ether, with a simple and convenient app experience through the same N26 app for banking. 

Other Services

N26 also provides additional services apart from current accounts, including:

  • CASH26: Deposit and withdraw money at thousands of retail stores in eligible countries by generating a scannable barcode in your N26 app.
  • Overdraft: N26 offers an overdraft facility at an interest rate of 8.9% for your business spending needs. Interest is charged quarterly and debited from your N26 account.
  • N26 Insurance: You can also protect your laptop, tablet, smartphone, and smartwatch in cases of theft or malfunctions with the N26 Insurance plans.

N26’s Feature Rating is 4/5

N26 offers comprehensive features that cater well to freelancers and the self-employed. It provides versatile banking solutions and modern features. However, the specificity of services tailored exclusively to individual business users limits their applicability to a broader range of potential users, such as companies, who could benefit from these features.

Nevertheless, the inclusion of cryptocurrency trading, solid fundamental banking capabilities, and a secure mobile banking app make N26 a noteworthy option for business customers.

Fees Charged by N26

N26’s fees may vary slightly depending on your country of residence. Accounts opened with an address in Germany, Austria, France, Spain, or Italy may have different fees for some additional services than the rest of Europe. For accurate pricing, we recommend you consult the specific price list for each country

Below are the standard fees charged by N26 in most European countries.

Business Account Fees

Feature N26 Standard N26 Smart  N26 You N26 Metal 
Application Fee Free
Monthly Fee Free EUR 4.90 EUR 9.90 EUR 16.90

Card Fees

Feature N26 Standard N26 Smart  N26 You N26 Metal 
Physical Mastercard® Debit Card  EUR 10 Free Free Free
Additional Card Not Eligible EUR 10 EUR 10 EUR 10
Mastercard® ATM withdrawals in euro EUR 2 after 3 free EUR 2 after 5 free EUR 2 after 8 free EUR 2 after 8 free
Mastercard® ATM withdrawals in other currencies 1.7% of the amount withdrawn Free Free Free
Maestro® ATM withdrawals in EUR  EUR 2 per withdrawal
Maestro® ATM withdrawals in other currencies EUR 2 plus 1.7% of the amount withdrawn

Transfer Fees

Feature N26 Standard N26 Smart  N26 You N26 Metal 
Incoming transfers from EEA states and Switzerland in euros Free
Incoming SWIFT transactions above EUR 150 EUR 12.50 plus 1% of the transaction amount (maximum EUR 100)
Outgoing transfers within EEA states and Switzerland in euros Free
Outgoing SEPA Instant Credit Transfers  EUR 0.99 per transaction

N26’s Fee Rating is 3.5/5

N26's fee structure is fairly competitive, particularly for users who choose higher-tier accounts to access more benefits. The free Standard Business Account is also accessible for new or low-volume users. 

However, while premium users can benefit from free ATM withdrawals in other currencies, the 1.7% fee for standard accounts is slightly high. The costs associated with certain transactions are also a consideration for frequent transactors.

N26 Customer Support

If you have a bank account with N26, you can contact the customer support team via a secure chat through the N26 app. The chat support is available daily, including weekends and bank holidays, from 7 a.m. to 11 p.m. CET. You can also chat in English, German, French, Spanish, and Italian.

Phone support is only available for premium account customers (N26 You, N26 Smart, and N26 Metal), and you must call from the number registered in your bank account. 

For general enquiries, you can contact N26 through a visitor chat on their website or by emailing support@n26.com

N26 does not have a physical branch. 

N26’s Customer Support Rating is 3/5

N26 offers multi-channel customer support with online chat in the app and exclusive phone support for premium accounts. However, the lack of 24/7 support and phone access for all customers could be potential areas for improvement. 

Eligibility Requirements for Opening an N26 Business Account

To be eligible for an N26 business account, you must be:

  • A freelancer enrolled in a profession, such as architects, lawyers, pharmacists, and nurses.
  • A self-employed or individual entrepreneur with a VAT number, such as designers, photographers, electricians, or owners of B&Bs and holiday homes.
  • A sole proprietorship registered in the Business Register of the Chamber of Commerce.
  • Based in a European country

Partnerships and companies are not eligible to open an account with N26 Bank. You cannot open a business account if you already have a personal account with N26.

As an app-based bank, you can apply to open an account online through the N26 app or their website. The application will take around 10 minutes, and you can access the account once you have completed the identity verification process. 

The Ease of Opening an Account for N26 is 4/5

N26 provides a relatively easy and efficient process for opening a business account. The specific eligibility criteria ensure a focused service but also limit the potential user base. 

Overall, N26 provides a convenient and user-friendly digital banking experience that fits the needs of freelancers and individual business users. 

N26 Alternatives

  N26 logo Statrys logo Revolut logo
Multi-currency Business Account no yes yes
Supported Currencies in Business Account Euro 11 currencies, including SGD, HKD, USD, RMB, EUR, GBP, AUD, CAD, NZD, JPY, CHF 25+ currencies
Eligible Countries 24 Countries in Europe, including Germany, France, the Netherlands, Ireland, and Spain  Hong Kong, Singapore, and the BVI 40 countries, physical presence needed
Accounting Software Integration Cannot find the information yes yes
SWIFT Payments  yes yes
Payment Tracking Cannot find the information yes Cannot find the information
Customer Support Channels Visitor chat, In-app chat, Phone, Email Website, Email, Phone, Live chat, WhatsApp, WeChat In-app live chat, Email, Request a call (Enterprise plan only)
Cards Physical and virtual cards Physical and virtual cards Physical and virtual cards
ATM Withdrawal yes yes yes
Account Opening Time 24 hours 3 business days 24 hours
Account Monthly Fee From EUR 0 -  EUR 16.90 Free (if 5 or more outgoing transfers made in the month) From GBP 19 - GBP 79
Trustpilot Reviews 3.7/5 based on 30,658 reviews 4.6/5 based on 238 reviews 4.2/5 based on 146,200 reviews
Statrys mobile application dashboard showing a total balance in a business account.


Is N26 safe?

Yes. N26 is a licensed bank, and funds deposited with N26 are protected under the German Deposit Protection Scheme.

What is the difference between N26 business and personal?


Is the N26 business account free?


Can I use the N26 business account for personal use?



More info

Statrys does not directly compete with N26 because we do not provide business accounts in Europe. Still, we're committed to providing an unbiased, thorough review to help you make an informed choice. Click More info to read the full disclaimer on our review.

Fact checked by
Djon Ly

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