N26

IvanDP

As you have probably gathered by now, I am very interested in the current plethora of digital only or "challenger" banks.
My latest account is with N26.
Although the account is active, and I have transferred a small amount into it, I have not used it for anything else.
Maybe I am being a little too apprehensive, but I do have some concerns about them not being a UK bank.
I was wondering if anyone who has had more experience with this bank could give any more information of what they are like to use.

All answers greatly appreciated.

geek1981

Why N26? go Monzo which has same features and a UK bank.

IvanDP

geek1981 wrote: »

Why N26? go Monzo which has same features and a UK bank.

I already have a Monzo account, among others.
At the moment, i am trying out quite a few of the digital banks to assess their pros and cons.
Also, although I may be wrong, I think with the sheer amount of digital banks around at the moment, natural selection will see some of the disappear.

DCFC79

N26 is fine, no its not a uk bank and no your money isn't protected by fscs but it is protected with the German equivalent.


I do prefer Monzo and Starling and Revolut to an extent.


What Ive found you cant do in N26 is add receipts to a transaction eg a food shop or buying petrol.

IvanDP

DCFC79 wrote: »

N26 is fine, no its not a uk bank and no your money isn't protected by fscs but it is protected with the German equivalent.


I do prefer Monzo and Starling and Revolut to an extent.


What Ive found you cant do in N26 is add receipts to a transaction eg a food shop or buying petrol.

Do you find only being able to add funds via bank transfer any problem?

DCFC79

IvanDP wrote: »

Do you find only being able to add funds via bank transfer any problem?

To be honest I use Monzo and Starling more but only using bank transfer isn't an issue for me.