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Open ING or N26 current account?

You do not open a current account every day. Therefore, it is meaningful to take the decision of choosing the provider prudentially.

The comparison as well as the experiences and tips of the editorial and community will help you finding the best option for you, open the account successfully and coping fast with the new bank.

Comparison:
Take a look at the points that are important for you

ING
ING
N26
N26
Account management fee per month
including all transactions, standing orders, etc.
free of charge! free of charge
(fee-based upgrades are possible, not included in the comparison)
Application online online
Cards
Visa Card ING Visa Card
Visa Card (free of charge)
Mastercard
Mastercard (free of charge)
2nd Card ING Girocard
Girocard (free of charge)
N26 Maestro Card
solely Maestro Card (free of charge)
Overdraft facility / Credit line
initial credit line
(immediately after application)
up to € 500
(based on the determined creditworthiness)
up to € 1,000
(based on the determined creditworthiness)
maximum credit line up to € 10,000
(3-times the salary, submit the proof of salary)
up to € 10,000
(actual salary, creditworthiness assessment)
Can the credit line be increased through deposits? yes
(millions are possible)
Why is that important?
Both banks keep it simple: There are no additional settlement accounts for the cards. No matter which card you use, it is always debited from the current account (debit system).
That means for you: The account balance possibly plus the overdraft facility is the credit line for account and cards.
Credit card payment
Fee for payments in Euros free of charge
Fee for payments in foreign currencies 1.75 % 0.00 %
Cash supply
Withdrawing from the ATM
Germany + rest of the world
free of charge, wherever the Visa Card is accepted free of charge, wherever the Mastercard is accepted
Limits? at least Euros 50 per withdrawal 3 or 5 times per month free of charge, then  € 2 per withdrawal
Surcharge at foreign currencies? 1.75 % 1.70 %
Are you frequently in the foreign currency abroad? There are providers without foreign transaction fee
Account management and communication
online banking yes
app banking yes
telephone banking yes
Mon–Sun around the clock
no
Availability of the customer service through phone (069.50500105), e-mail, contact form
Mon–Sun around the clock
through app chat
Mon–Sun around the clock
Supplementing services
Apple Pay starts 2019 yes
Google Pay no yes
Optional joint account or authorized persons yes no
Call money (savings account with immediate availability) yes
Extra-Konto
no
Fixed deposit (savings account with term) yes yes
VWL-Sparen (federally supported saving for certain income groups) yes no
Depot yes, very extensive mini-funds solution
Installment loan yes, from  € 5,000 to 50,000 yes, from  € 1,000 to 25,000
Further financing possibilities car loan
credit line
• housing loan
• construction financing
no
Account opening
Place of residence Germany Germany
or Austria, Spain, Italy, Ireland, France, Greece, Slovakia
Legitimating VideoIdent or PostIdent
Really free account opening? yes
Open current account: Weiter zur Bank
www.ing.de
Weiter zur Bank
www.n26.com
Please give me feedback using the comments feature about what current account you decided for and also the reason why. This way, we can better dive into the smart use (tips and tricks) in following articles.
A heartly thanks for choosing DeutschesKonto.ORG for your research!

Experiences

ING App

Fully developed and functional banking app

ING Current account

I have my own free current account at the ING since the 28th of January 2008. A long timeframe, isn’t it?

The ING is a solid, long-established, however modern bank. Formerly, when there were no “FinTechs” like N26, it has co-designed the development with telephone banking and BTX banking.

Today, it waits to see what FinTechs are doing. If it proves itself, ING will take it on, as with Apple Pay in the year 2019.

With more than 9 million customers, the effort and the result is higher when innovations are implemented.

At the same time, it is crucial to combine innovations with the long-established. Therefore, the ING is one of the few banks where you can still do telephone banking. This is especially valued by elderly persons, for example my mother!

The ING is a bank to which you can switch completely!

The ING has included everything, from the current account to savings accounts and depot up to several types of financing. The customer service as well as the availability (!) of the customer service are very good through the several offered channels!

I salute the bank that it can maintain the quality in spite of the high number of new account openings. The ING has acquired more than 600,000 customer in the past year.

More than 1,600 times a day, the decision is:

Yes, I open my account at the ING!

My mother and I are very happy that we have a current account at the ING. She primarily uses the telephone banking and I the online banking.

Online Banking der ING Deutschland

Extensive, but tidy online banking system

N26 Current account

The N26 current account can be especially regarded as a supplement to another bank. In spite of the fee-based premium services, the bank, which startet in 2015, cannot cover all areas.

N26 Einstellungen und Google Pay

Further meaningful settings, including Google Pay!

However, it is ahead of other banks in other points – such as Google Pay, Apple Pay, cash deposits through shops. This also applies to the app in combination with the cards and the account management.

The cards can be blocked and unblocked again, e.g. for different transactions. The account transactions can be shown immediately on the Smartphone or iPhone, if desired with a push-notification.

This is thrilling for young people, who love to have all the information at all time and therefore, full control of their finances.

Always immediate control of the finances

A little disadvantage is the customer service, which is now only available through the app. This saves costs for the bank, of course, but is not the best for everyone.

N26 does not want to be the bank for everyone, but wants to attract especially technology-open people.

Who engages him/herself will become a customer at one of Europe’s most modern banks for free and can look forward to be on board of the most recent innovations.

We have some people in our community, who use N26 as their main current account … however, my personal recommendation is to hold at least another very good current account as a backup solution. Agreed?

N26 Kontomodelle

If you are willing to pay account management fees, you get insurances on top. Who needs it? Background is that the insurance group Allianz is an investor at N26.

Account opening

The account opening is pretty easy at both providers. At the ING as well as at the N26, it is a continuous procedure to make the account opening as easy as possible.

That’s obvious: One wants to turn an acquired interested person into a customer of many years. This is why the online application is very self-explainatory and compared to the procedures of account openings of other banks, it is fast and easy.

You enter your personal data and contact information. In the next step, the provider checks your creditworthiness in an electronical manner and the “traffic light will turn green” in the best case.

You can make your legitimating through PostIdent or VideoIdent. For this purpose, you visit the post office with your ID-card or passport or hold your documents in front of the video camera. Both is tried, proven, safe and of course, for new customers free of charge.

As soon as this is done, the production of your cards starts. They will be shipped by mail.

Easier than many think!

Depending on whether you have applied for an overdraft facility at the account opening, you can use the cards immediately or make a transfer first in order to have balance in your account.

Which account did you decide for?

ING
ING
N26
N26
Account management fee per month
including all transactions, standing orders, etc.
free of charge! free of charge
(fee-based upgrades are possible, not included in the comparison)
Place of residence Germany Germany
or Austria, Spain, Italy, Ireland, France, Greece, Slovakia
Legitimating VideoIdent or PostIdent
Really free account opening? yes
Open the current account: Weiter zur Bank
www.ing.de
Weiter zur Bank
www.n26.com

Yes, you can also open both accounts. They supplement each other in many aspects. You are welcome to write me through the comments feature about how it is for you! Thanks. 😀🙏

If you start now, you are done in a few minutes, the rest will arrive by mail!

Tips for the account opening

  • Start immediately
    You know all data that you need for the account opening by heart (or it is saved in your mobile phone). Instead of postponing the opening of a new account again and again, start right now.
  • Data of income
    Sum up all sources of income that you can proof. If you do not want to apply for an overdraft facility, you won’t be asked for the proof anyway.
  • Weak creditworthiness?
    In this case, you can add a second account holder during the application procedure are the ING. Always take the person, who has the higher creditworthiness as the first account holder. If you do not know who it is, then take the person with the higher income.
  • Change of profession or place of residence?
    Differently from the first advice, if possible always apply for a new current account, when you have a permanent income through a job or pension. If you think about a change of job, then imperatively apply for the account beforehand. This will bring you more creditworthiness points. The same applies to planned moving. Apply still using your old address (unless you move to a considerably better neighbourhood).
ING N26
Account management fee per month
including all transactions, standing orders, etc.
free of charge! free of charge
Open current account: Weiter zur Bank
www.ing.de
Weiter zur Bank
www.n26.com

Questions?

Questions are welcome to be asked through the comments feature. A heartly thanks to our great community, who helps other smart bank customers with own experiences and ideas!

[Total: 4    Average: 4.5/5]

Who writes here?

Someone who gained experience with more than 100 banks in more than 20 countries during the past 15 years. My name is Gregor and if you click to continue you can find out why I am here and what this site is for ⇒ continue.

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