Valentin Stalf, Co-founder and CEO, N26

German direct bank N26 has launched its banking app in the US marking the next step in the bank’s mission to expand its customer base.

“The US launch is a major milestone for N26 to change banking globally and reach more than 50 million customers in the coming years,” says Valentin Stalf, co-founder and CEO, N26. “We know that millions of people around the world and particularly in the US are still paying hidden and exorbitant fees and are frustrated by poor banking experiences.N26 will radically change the way Americans bank as it has done for so many people throughout Europe.”

According to the supplier, the initial product includes an N26 account via a regulated and FIDC-insured bank, Axos Bank and a Visa Debit Card. It comprises of account activity display, daily spending limits and automatic categorization of transactions. It comes with no foreign transaction fees as well as Spaces, sub-accounts that assist in the organization and the achievement of financial goals.

We’re very excited to bring our experience to US customers. In Europe, we’re loved for our effortless and sleek user experience, with no hidden fees. Starting today, you can sign up entirely from your phone in just five minutes. There are no account maintenance fees or minimum balances required.” says Nicolas Kopp, US CEO, N26 Inc.

by Megha Bhattacharya
Market Analyst at IBS Intelligence
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