N26 Alternatives and Competitors

September 7, 2020

N26 Bank GmbH is a Germany-based neobank. It received its banking license from the European Central Bank (ECB) and the German Federal Financial Supervisory Authority (BaFin) in 2016. This neobank provides services for individuals and businesses across most countries in Europe, as well as for individuals from the United States. With the United Kingdom leaving the EU in 2020, N26 stopped offering its services to residents of the UK.

If you are looking for an N26 alternative, you need to narrow down your options based on the type of service you need. For instance, do you need banking services or international money transfer services?

Low Transparent fee structure
Forward contracts
Scheduled transfers
Dedicated account manager
Live chat support

low

Fees

fast

1-2 days

Go to Site

Transparent fee structure
Send money to email addresses
Multicurrency account with debit card
Multilingual website & app

low

Fees

fast

1-2 days

Go to Site

high

Fees

medium

2-3 days

Go to Site

0.4% margin for new customers referred by iCompareFX
Fee-free transfers
Scheduled transfers
Online and phone transfers

low

Fees

medium

2-3 days

Go to Site

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WorldFirst

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TransferWise

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Payoneer

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OFX

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WorldFirst

UK-based WorldFirst is an N26 competitor that lets you sign up as an individual, a business or an online seller. With the World Account, you get bank account details in various currencies. Access to its region-specific websites comes in different languages.

Provides services for individuals, businesses and online sellers

Headquarters in the UK, international offices in the Netherlands, Japan and Singapore

Applies transfer amount transparent margins over existing mid-market/real exchange rates

Provides forward contracts

Setting up scheduled transfers is easy

Integrating Xero with the World Account is simple

Transfer funds online or over the phone

Operates multilingual region-specific websites

Region-specific sending limits

No card with the World Account

Does not accept customers from the U.S.

TransferWise

If you are looking for N26 alternatives in the international money transfer space, UK-based TransferWise is among the leading contenders. You can sign up with this company as an individual, a business or an online seller. Its Borderless Account for businesses and online sellers comes with bank account details in different currencies. The Borderless Account also comes with a linked Mastercard. You can use the company's region-specific websites in different languages.

Serves individuals, businesses and online sellers

Headquartered in the UK, offices also in the U.S., Estonia, Hungary, Ukraine, Singapore and Hong Kong

Accepts credit card payments from residents of some countries

Get bank account details in GBP, EUR, USD, PLN, AUD and NZD when you register for the Borderless Account

Access funds in your Borderless Account globally by using the TransferWise Mastercard

Hold funds and transact in over 40 currencies by using the Borderless Account

Its peer-to-peer (P2P) network does not support all currency corridors

No hedging tools and scheduled transfers

The fee you need to pay depends on where you and the recipient live, the mode of payment as well as the transfer method

Payoneer

Payoneer is a U.S.-based N26 alternative that serves individuals and businesses. However, where you live has a bearing on whether you can use its services to send and/or receive payments. Business customers get bank account details in different currencies through the Global Payment Service.

U.S.-based, offices also in the UK, Australia and Gibraltar

Accepts credit card payments

The Global Payment Service offers bank account details in GBP, EUR, USD, CAD, AUD, CNY and JPY

Hold funds and transacts in multiple currencies

Provides a Mastercard for easy access to funds in your account

Multilingual website

Allows transfers only between Payoneer users

The option to send money is not available in all countries

You need to pay an annual fee for the Mastercard

OFX

This alternative to N26 has its headquarters in Australia. OFX provides services for individuals, businesses and online sellers. Signing up for the Global Currency Account gives you access to bank account details in multiple currencies. While OFX operates different region-specific websites, you can only access them in English.

Australia-based, offices also in the U.S., Canada, New Zealand, the UK and Singapore

Personal transfers are fee-free

Provides forward contracts and market orders

Lets you schedule transfers

The Global Currency Account comes with bank accounts in GBP, EUR, USD, CAD, AUD and HKD

Send money online or over the phone

Local phone support provided in some countries

No card provided with the Global Currency Account

Trading in some currencies is allowed only over the phone

Website access only in English