N26 launches premium digital bank account for customers

By Megha Bhattacharya

N26 announced the launch of its latest premium subscription, N26 Smart. The new subscription is expected to provide customers with access to the FinTech’s money management features for €4.90 a month. The new monthly subscription is expected to combine the FinTech’s premium features and benefits with new functionalities.

“Everybody should be empowered to manage their money in a way that makes sense for their priorities and way of life. With more and more customers turning to digital banking in these uncertain times, N26 Smart will put our most popular tools at our customers’ fingertips at a budget-conscious price point, helping anyone effortlessly manage their money digitally with confidence and ease,” said Valentin Stalf, co-founder and CEO of N26.

According to N26, the new subscription model will comprise phone support in addition to in-app support chat, access to up to ten sub-accounts ‘Spaces’, access to new Round-Ups feature, up to 5 free ATM withdrawals a month and a choice of five different colours of their N26 Smart Mastercard (Aqua, Rhubarb, Sand, Slate and Ocean).

“N26 is the pioneer of a freemium subscription model in banking. On top of offering our digital bank accounts for free, we continue to expand our value-added premium subscriptions to offer world-class banking features, added discounts, perks and benefits at an affordable price as we take confident steps in a time where all banking is going digital,” added Alex Weber, Chief Growth Officer of N26.

N26 Smart subscribers will have access to all the features of the FinTech’s paperless and branchless banking experience – from 100% digital account opening, to instant notifications and automatic categorization of spending through the Statistics feature, free payments worldwide and mobile payments with Apple Pay and Google Pay, in-app access to a digital version of their N26 Mastercard, and fund protection up to 100,000€ under the German Deposit Protection Scheme.