Among challengers, Atom is the one that specialises in savings accounts, and if you want a fixed-term one, it can be competitive. Learn how we maintain accuracy on our site. N26 closed its operations in the UK in 2020 following Brexit. Starling Bank – Great for overseas spending and day-to-day banking. For more information on the N26 account closure, you can read the FAQs on the N26 website here. No offers has been made to settle it. It’s a MasterCard debit card linked to a full-service bank account. It is the closest Revolut alternative. App-based current account with loads of extra features. Download the N26 app and open an account in less than 8 minutes. N26 You fees. Ultimately, we’ve picked Starling because you can deposit cash in your account for free and because your overdraft rate is more likely to be cheaper with Starling Bank than with Monzo. In February 2020, following the UK’s departure from the EU, N26 announced it would close its UK operation. Closure of UK bank. : ‘While we respect the political decision that has been taken, it means that N26 will be unable to serve our customers in the UK and will have to leave the market.’. If you are Bottomline. For more help closing an N26 account, visit the bank’s UK website, which has been updated with a list of FAQs. You’ll still get a better deal if you apply directly on the providers’ websites though. Atom Bank is a digital-only bank, but unlike the others we’ve mentioned, it only does savings accounts and mortgages. Revolut is a London based fintech company founded in 2015 by Nik Storonsky and Vlad Yatsenko. Pay via bank transfer, easier to send to another Monese account. N26 is a fully licensed German bank, which can be used by anyone in the UK, Europe, and the United States.. If you liked the app only banking features of N26 there are many alternatives that are still operating in the UK… This popular app helps you round up and save your spare change, but are there alternatives out there? Read our guide for alternatives to N26 and check out our business banking section for the latest business accounts available in the UK. Sign up for our newsletters Please appreciate that there may be other options available to you than the products, providers or services covered by our service. In this post, we’ll introduce Revolut, TransferWise and SafetyWing as viable alternatives to N26. our site. Yep – N26 is a licensed (in Europe) digital bank and a great alternative … Recommended Provider this year, as feedback from real customers and our expert analysis deemed it one of the best banks on the market. Confirm details with the provider you're interested in before making a decision. The price hasn’t changed. As of this writing, N26 operates in all the Eurozone countries, except Malta, Cyprus, Lithuania, and Latvia (although the latter two are set to return soon). offer credit facilities from a panel of lenders. We may also receive compensation if you click on certain links posted on our site. London, SE1 9RS. Monzo – Good for overseas spending and day-to-day banking. joined the UK Financial Services Compensation Scheme (FSCS) in March 2019, Seven mistakes to avoid on your first self-assessment tax return, Self-employed home buyers face mortgage squeeze: how to get accepted, 12 tips for buy-to-let landlords filing a 2019-20 tax return. Current account and Mastercard - all managed from your phone. The N26 card is not just a prepaid travel card. N26 is a German startup offering hassle-free accounts for residents of most EU countries. There are no easy-access options, but for fixed-terms savings accounts, the rates are fairly competitive. The foreign currency transaction fee is a percentage that’s added to all your payments made in another currency by most banks; it can be up to 3% of the transaction, which makes your holiday bank charges pretty expensive. TransferWise VS TorFX. Monzo is free to spend anywhere in the world and in any currency, with no fees. our partners for featured placement of their products or services. Monese – Good for quick account set up (no proof of address needed) Then you’ll have to check all the direct debits or subscription payments you rely on it for and set them back up from a different account afterwards. If you’re only looking for top-paying savings accounts, challengers aren’t your best shout; you should rather take a look at what traditional banks offer. On the other hand, fee-free money transfers are Revolut’s specialty – everyone else, including dedicated money transfer companies, charges at least a small fee. N26 and Revolut’s stories. Monzo pots let you put money aside, protected from your daily spending, €7.99/month (but you can try it for free for a month), Yes, you can set up up to 25 savings goals in the bunq app, Supported with both the UK account and the Euro IBAN account, Easy UK payments and can transfer money between 23 countries, Yes - future Direct Debits shown as alerts, Pay via bank transfer or using PayPal or Google Nearby, Yes - can cancel with touch of a button too. However, they still have something to offer to savers: There is no clear winner here. Its offerings weren’t as comprehensive as what it provides in the EU–N26 is headquartered in Germany–but still competitive. N26 does have currency conversion and sending features, but these are powered by Transferwise. I’m now moving to suing this bank! Revolut. service provider and read the information they can provide. If you don’t feel like you’re getting much from your bank account, switching has never been easier! In order to open an account, you need a mailing address in one of the countries where N26 operates for them to send you your Mastercard. Filter by license to discover only free or Open Source alternatives. This list contains a total of 14 apps similar to N26. We endeavour to ensure that the information on this site is current and This is cheaper than in other European countries, where it costs €9.90 (around £9) a month, because there it includes an Allianz travel insurance that at the moment is not available in the UK. If you have a negative balance, you need to pay it off by the deadline. The N26 Metal cost € 16.90 a month and comes with comprehensive insurance package as well as unlimited free withdrawals worldwide. Monzo and Starling are totally the top players here, but it’s a close call. 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