Is my money protected?

Yes. N26 holds a full bank licence (BaFin), so eligible deposits are protected by DGS €100k (DE).

What IBAN and transfers?

N26 issues a DE IBAN. SEPA Instant: send + receive.

Can I open remotely, in English?

Opening is remote. English support is available. Requirements: No local address needed.

N26

Global fintechDGS €100k protectedBest for: Clean German IBANBest for: Mobile-first bankingBest for: EUR savings

81/100Visit site

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Pros & Cons

Pros

Deposit protection: DGS €100k (DE)
German IBAN treated as domestic
mobile-first UX
interest on cash

Cons

—

Rating breakdown

Foreigner onboarding67

USD handling20

Transfers50

Value & fees30

How the score is calculated

Licence & deposit protection

DGS €100k protectedDGS €100k (DE)

This is a licensed bank, so eligible deposits are protected by the deposit guarantee scheme (DGS) up to €100,000 per customer. That's a key safety factor when choosing.

Licence: Bank · BaFin
IBAN: DE
SEPA Instant: Send & receive
Verification of Payee (VoP): Rolling out

Deposit & savings rates

Compare all deposits →

DGS €100k protected DGS €100k (DE)

Product	Currency	TAE / APY	Term	Conditions	Source
Instant Savings (Metal)	EUR	1.3%	On demand	Requiere plan de pago N26 Metal. Sin límite de saldo.	Sourceas of 2026-06-23
Instant Savings	EUR	0.5%	On demand	Instant Savings. Planes Standard/Smart/Go 0,50% AER. Variable vinculado al BCE.	Sourceas of 2026-06-23

Editorial review

N26 is a licensed bank (BaFin), so eligible deposits carry DGS €100k (DE).

It is a global fintech licensed in DE supporting EUR. FX model: Mastercard network rate, no markup.

It tends to suit clean german iban, mobile-first banking, eur savings.

Fees & terms

Exchange rate: Mastercard network rate, no markup
Card cost: Free / paid tiers (Smart, You, Metal)
Currencies: EUR
Cards: Global Physical, Global Virtual
Transfers: SEPA in/out, SEPA Instant in/out
Payments: Apple Pay, Google Pay
Licence: Bank — BaFin
IBAN: DE
SEPA Instant: Send & receive
Verification of Payee (VoP): Rolling out
FX model: Mastercard network rate, no markup
Opening requirements: No local address needed
English support: Yes
Remote opening: Yes
Headquarters: Germany

Also consider

90/100

FAQ

Is my money protected?: Yes. N26 holds a full bank licence (BaFin), so eligible deposits are protected by DGS €100k (DE).
What IBAN and transfers?: N26 issues a DE IBAN. SEPA Instant: send + receive.
Can I open remotely, in English?: Opening is remote. English support is available. Requirements: No local address needed.

Data provenance & verification

Every fact is checked against an official source and stamped with a date. We re-check fees quarterly and document requirements twice a year. Fields not yet independently verified are labelled honestly.

Updated: 2026-06-19Dataset compiled: 2026-06-19

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