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  #21  
Old 19.12.2015, 22:13
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Re: number26 [German Online banking]

Anyone tried depositing euros to Number26 using Transferwise/Currencyfair?
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  #22  
Old 20.12.2015, 14:40
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Re: number26 [German Online banking]

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Anyone tried depositing euros to Number26 using Transferwise/Currencyfair?
N26 is a normal Account, so 'yes' this works.

Also N26 just added a Maestro-Card which is the preferred German debit card.

At least within Germany it might now be possible to use N26 as a normal 'main' checking account.
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  #23  
Old 20.12.2015, 19:48
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Re: number26 [German Online banking]

N26 is SEPA complient so in theory all euro transfers made from your Swiss bank should be free and you might only lose on the exchange rate.
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  #24  
Old 20.12.2015, 21:00
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Re: number26 [German Online banking]

Contradictio in terminis:

SEPA = single euro payment area. This means you transfer in EUR and in EUR only. Hence no exchange rate loss.
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  #25  
Old 20.12.2015, 22:28
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Re: number26 [German Online banking]

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Contradictio in terminis:

SEPA = single euro payment area. This means you transfer in EUR and in EUR only. Hence no exchange rate loss.
I'm assuming most people here have CHF accounts so your Swiss bank would have to convert to euro, N26 will reject SEPA payments in CHF.
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  #26  
Old 20.12.2015, 22:34
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Re: number26 [German Online banking]

Again, SEPA does not work with any currency other than EUR.
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  #27  
Old 07.01.2016, 23:19
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Re: number26 [German Online banking]

https://number26.eu/support/number26...e-switzerland/

Seems they'll soon offer their €-account to Swiss residents.

Other currencies seem to be in the general pipeline, but no timeline as of yet.

Should they offer a free CHF current account, that'd be a game-changer for the Swiss market
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  #28  
Old 20.01.2016, 22:48
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Re: number26 [German Online banking]

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Should they offer a free CHF current account, that'd be a game-changer for the Swiss market
NUMBER26 will be available in Switzerland soon. However, we’ll only offer a euro-currency account to begin with. We are working on implementing accounts in different currencies.
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  #29  
Old 21.01.2016, 00:09
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Re: number26 [German Online banking]

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NUMBER26 will be available in Switzerland soon. However, we’ll only offer a euro-currency account to begin with. We are working on implementing accounts in different currencies.
That's good, I only want it for Euro anyway. There are many easy options for CHF accounts already here
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  #30  
Old 21.01.2016, 18:21
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Re: number26 [German Online banking]

Hey guys. I would like to open an account with the Number26. Are the only requirements the address to receive the card in the post in Germany ? I am a EU citizen, though not from the mentioned countries (Germany, Austria, Spain etc). Will i be able to open an account using my friends address to receive the documents / card ? Thanks!
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  #31  
Old 21.01.2016, 23:04
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Re: number26 [German Online banking]

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...Will i be able to open an account using my friends address to receive the documents / card ?...
That's what I did. I used my passport to verify my ID. They didn't want/need any official confirmation for the address, so I just gave a friend's (my name is attached to his letterbox).

The complete opening procedure is an online video-chat which takes something like 5 minutes. It's really quite impressive.

The account is online and usable immediately after the chat, Mastercard + Maestro card took 3 days to arrive.
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  #32  
Old 22.01.2016, 00:01
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Re: number26 [German Online banking]

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That's what I did. I used my passport to verify my ID. They didn't want/need any official confirmation for the address, so I just gave a friend's (my name is attached to his letterbox).

The complete opening procedure is an online video-chat which takes something like 5 minutes. It's really quite impressive.

The account is online and usable immediately after the chat, Mastercard + Maestro card took 3 days to arrive.
Thanks for the response!
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  #33  
Old 09.03.2016, 17:57
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Re: number26 [German Online banking]

If you can't beat them, join them.

That seems to be the motto, under which number26 just entered into a cooperation with Transferwise. It's now possible to transfer from number26 current accounts, internationally, directly using Transferwise. This eliminates the additional step of transfering to Transferwise first.

Way to go...

...on the downside, it's no longer free to pay cash into the number26 account via supermarkets and other retail outlets. This is now free up to €100/month, above this they charge a hefty 2% fee for this service.
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  #34  
Old 15.03.2016, 11:39
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Re: number26

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You'd be better using the Central Acquisition Saving House, which I'm happy to administer for you. Just send me a cheque payable to the recipient above and I'll do the rest. In fact, to save time, you don't even need to write it in full - just write the initials. The bank will know what to do with it.
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What is this?
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  #35  
Old 15.03.2016, 11:42
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Re: number26

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What is this?
Humour
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  #36  
Old 01.05.2016, 14:41
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Re: number26 [German Online banking]

N26 sign up from outside of Germany or Austria are temporarily disabled. This affects customers in France, Greece, Ireland, Italy, Slovakia and Spain. Still unclear if and when they will enter Switzerland.
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  #37  
Old 02.05.2016, 10:32
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Re: number26 [German Online banking]

Just to share my experience: I've been a user of N26 since March 2015 (last year), signed up very early

I signed up with a Swiss address, and have been using them (somewhat inactively) ever since from Switzerland:
I used a bit of a trick when signing up: I selected Germany as country, yet clearly entered Switzerland in the address field... they sent me all documents to my proper Swiss address.

Card and app are working well, I have the Mastercard from them.
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  #38  
Old 04.05.2016, 15:05
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Re: number26 [German Online banking]

Number26 is effectively the online/app service for a real German bank (Wirebank), completely integrated into the SEPA payment area (EU). Deposits guaranteed up to EUR 100,000. Not much use within Switzerland as it is not connected to the ePay&BVR system.
Their main advantage is the low cost and fast sign-up time (ID check is amazing! Open an account to experience it). Their target market is 'Erasmus' students living on a shoe-string. I won't be using it actively until they develop the product palette.
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  #39  
Old 11.06.2016, 07:52
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Re: number26 [German Online banking]

Hi,

What is better, DKB or number26? I'm thinking to open and account in germany, mainly use will be to have a card and some cash in euros available for when I am in eurozone. Looks like they have free withthraws in ATM, so maybe I will use when travelling abroad too - any experience on the exchange rates in number26 out of the EU?

DKB seems cheaper (ATM always free) but on the other hand the bank account is more difficult to open...


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  #40  
Old 11.06.2016, 08:38
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Re: number26 [German Online banking]

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What is better, DKB or number26?
There is a large number of comparisons to be found via searching for "vergleich dkb number26"

One thing is very clear: DKB is an extremely well-established player, it is its own bank while Number26 is basically just an IT company building a frontend into the bank business processes ran by bank "Wirecard".

Currently, and in my humble opinion only, Number26 is just hip and does not add any value to customers. Even today, and without Number26, I can have free accounts left and right, free debit and credit cards left and right, good forex left and right, free trading and zero cost depots - it just takes the knowledge where to go, and the willingness to deal with separate providers.

The moment that Number26 starts becoming a full integrator of more dirt cheap, total simplicity financial services, they become more interesting. But then, I guess, they will be asked to get their own banking licence, and then their cost of regulation will go up (plus higher cost of integration).

Strategically, Number26 might be on the right path, by building "a bank" from the ground up. This gives them the chance to start from an empty plate, without the need of changing business processes or, heavens, IT systems.

(Lastly, Number26 seem to still be struggling with their business model and have cancelled quite a number of accounts just last week because the respective customers were too expensive. Literally.)
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