Please look at each presented card feature and discover the huge potential for your (financial) life.
At the end of the page, you can ask your questions that I will answer gladly.
Beforehand: What N26-customers love most:
- absolutely free MasterCard (no annual fee, no hidden costs!)
- all cash withdrawals are free of charge in Germany and abroad
- super-useful banking-app (easy to use and very functional)
The 6 most awesome features of the card
1. Withdrawing cash free of charge worldwide
Okay, withdrawing cash free of charge is offered by several banks.
However, there is no bank that offers you a credit card account without creditworthiness check (= no Schufa-query / no rejection / virtually with an account opening guarantee) and free cash supply! As an example, the rejection rate of the DKB is about 35 percent.
You can withdraw cash as often as you want and wherever you want free of charge. It only matters that the ATM accepts MasterCards, and so do most ATMs worldwide.
What you should know: Withdrawal limit
You can adjust the withdrawal limits individually within the banking app. Currently, you can withdraw up to Euros 5,000 per day and up to Euros 20,000 per month using the MasterCard of Number26.
Note: Cash is always free of charge!
2. Paying in foreign currencies free of charge (no foreign transaction fee!)
This is only provided by very few credit cards, because banks love to earn through card transactions abroad.
This is disguised by the term foreign transaction fee and costs you up to 3% of the card transaction. At the DKB Visa card known by travellers, this is every time 1.75%.
A quite huge sum is thereby made over the years.
This does not apply to the MasterCard of Number26. It waives completely on this source of income. All transactions in other currencies are converted directly without fees using the MasterCard exchange rate.
Compared with Visa and other banks, the MasterCard rate is not always, but quite often the best! That was also the case at my card test abroad.
Note: Payments abroad are converted free of charge!
3. Control Center with card blocking options
There are credit cards, where it is advisable to notify the bank in advance that you will spend your holidays abroad, as there is a risk that the credit card will be blocked. The background is safety mechanisms to protect you against credit card fraud and therefore they block it at unusual payments.
This is different with this MasterCard. The card blockings out of “security reasons” are in fact quite annoying and it is the declared goal of Number26 to give its customers a surprisingly good user experience.
You, as the cardholder, are given the opportunity via the Control Center in the banking app and online banking to enable the credit card only for certain areas.
If you are not e.g. abroad, you can deactivate the use abroad. So, a credit card defrauder can never withdraw money from your credit card abroad.
And as soon as you make a trip abroad, you simply activate the feature again.
The blocking and un-blocking of the credit card can be made from one second to the other. Without the customer service. It is easiest to open the app and change the lock-symbol as shown on this page in detail: Blocking and un-blocking of the MasterCard (article in German language).
You have the following option:
- Blocking of payments abroad
- Blocking of payments on the Internet
- Blocking of the usage at ATMs
- Complete blocking of the credit card
With this features, Number26 gives people the greatest possible freedom and personal responsibility.
Note: You decide on the available options!
4. Money Beam – Transfers within seconds
With Money Beam, you can send money to people from your contact list (Smartphone) without having to enter the awkward IBAN. You will now only need seconds for the transfers.
If the payment receiver also has an account at Number26, the money will be transferred immediately. “Beamed” … perhaps with reference to the famous terminology of “Star Trek”?
If the payment receiver is not (yet) at Number26, then it does not matter. He/She gets an invitation to enter his/her account details in order to receive the transfer.
An efficient way to transfer money!
Of course, one can transfer with Number26 also in the conventional way.
Note: Transfers are super-easy and comfortable!
5. Push notifications at each account movement
Safety or necessary information? As a cardholder, you receive the push notification in real time (if Internet connection is available) for each account movement to your Smartphone.
Therefore, you can see right away, if money is received. This is useful, if you are waiting for your salary payment or the like …
Of course, you are also informed about any credit card payment. As soon as you have entered the PIN at the checkout, your Smartphone will vibrate. If you did not initiate this payment, you can react quickly through the customer service.
Note: You are always informed actively about your account!
5b. Statistics (bonus)
Number26 offers you for free a lot of statistics on your account and spending behaviour.
Each transaction is processed automatically into categories. Of course, you can make adjustments and changes. The graphical assessment can help you to optimize your financial life.
6. True current account included
Different people get the free MasterCard of Number26 out of different reasons. There are people who
- want to have a new current account and choose N26 right away as the most modern current account in Europe with Smartphone component,
- only need a second credit card for Internet purchases or journeys abroad,
- want a start a new financial life and are therefore looking for a new bank that does not investigate at the Schufa,
- just want a prepaid credit card and are looking for a provider, who offers this free of charge.
This MasterCard is for all those people and for even more applications (you can post your additions using the comments box) and on top of that, it offers a true current account with IBAN, transfers, standing orders and bank statements.
There are already people who use Number26 as the main account.
Note: The MasterCard is equipped with a complete current account!
Fortunately: Account opening made easy
There is probably no bank account with a credit card (credit base), which is easier to apply for than Number26.
Currently, the account can be applied for, opened and used in German and English.
Requirements for the account opening
There are only few requirements for the account opening:
- modern Smartphone (because the banking app must work on it)
- shipping address for the MasterCard in Germany, Austria, France, Spain, Italy, Greece, Slovakia or Ireland
(later, other countries will be added)
- one must be at least 18 years old.
Once you have filled out the account application online, the video identification process will take place right afterwards. Here, the ID-card or passport is held in front of the camera. Also a photo of you will be taken via the camera.
Alternatively, the proven PostIdent-procedure is offered.
Consecutively, the MasterCard goes immediately into production and will be sent to you. There are cases – for example in my case – in which the card has already arrived the next day in the mailbox.
It only must be activated via the app and it is then ready for use. You can perform a transfer to your new account immediately, because you have already received your account number by e-mail.
Note: account opening possible in 8 minutes!
Number26 advertises with the statement that the account opening can be completely finished within only 8 minutes … and I personally know of someone, who managed this!
“N26 implements fees for withdrawals”
… open a better – really free – account with Visa Card!
Moreover, I would be happy to answer your questions, because I am a N26-customer since January 2015 and have become a fan. With this, I am one of the first customers of this new provider and was able to make quite some interesting experiences. Answer guaranteed!