N26 Best EURO Bank for European Expats and Travellers? Full In-Depth Review

N26 Best EURO Bank for European Expats and Travellers? Full In-Depth Review

Hey guys welcome to the channel um today I’m making a video to talk about the n26 bank which is the bank um I use while uh living uh abroad overseas in Australia basically and just so you understand I do use several banks for different purposes and even more than what you can

See on the screen so uh in this video I’m going to talk about n26 specifically which I use to hold Euro in Europe within Europe and to exchange money with my family and things like that but I also do use wise extensively as a multicurrency to hold Euro but also

Australian dollar and USD and any currency that I may need to travel in Thailand or maybe South America why is this fantastic uh online bank as well I will detail in another video I us use it to make transfers from Euro from n26 into Australian dollar and finally I

Also have a bank in Australia within Australia which I use which is Nab I used to use westpack before which is also convenient if you are a student I’m going to try to explain you I’ve made a very indepth presentation I put a lot of

Effort into it to try to show you uh why I think it’s the best bank to hold Euro for European Travelers who are like um either expats or you know just living overseas so I’m going to try to show you uh a lot of features about this bank and

Why I think uh you know is the best for this kind of usage I need to say maybe that I am not getting paid by n26 to make this video I just choose to uh recommend it because I’ve been using it personally and over other choices that I

Had you know like revolute and like for some reasons I chose to stick with anon6 uh but for very specific uh purpose which is to hold my Euro and be able to use it in Europe just it’s like having my my Euro bank but because I live mainly overseas uh you know I

Didn’t want to have to deal with local banks in countries which is really something I I discourage I think it’s in it’s an absolute nightmare when you start traveling when you start to deal with this uh you know Banks like that are just country Banks so for me that’s

Been changing my life definitely to uh begin to have my Euro uh store within n26 and I don’t have to deal anymore with uh Banks you know in my country my original country of France first a bit of general info about n26 so uh this is a bank from Germany it’s based in

Germany it’s a Neo bank so it’s called you know it’s this kind of banks just like wise and just like revolute you know and they are more online based and they are more flexible and they have all these new features you know like cryptos and things like that so so first of all

Uh regarding like regions and languages uh this bank is available you can see in many countries either from Europe in many languages uh but also uh around the world and because it is an online bank there’s no specific ATMs in the world so the ATM if you don’t know is the

Machines basically to to withdraw cash whether it’s Euro on or another currency and obviously they don’t have physical branches so they don’t have Bank branches they are all online based in regards to trust and should you trust this Bank uh I’ve just put some facts

Here on the screen just to show you like it’s not even a question they have 8 million customers already uh 28 80,000 uh ratings you know on the IOS and Android apps and they have more than 1,500 team members uh working for the company so you know there’s no problem

For me interesting in this Bank there are absolutely serious uh they also have highly secure features which I think is uh pretty awesome so this is in French it says uh confirm your connection from your phone so this is the two Factor authentication so like whenever you uh

Want to do uh like a payment or a transfer and and send money you know uh you can set up your account so that there’s these two factors so you absolutely have to confirm with your phone I put a screenshot here just to show you that you can hide your balances

You know wherever you are so you can just like uh work on your accounts and people cannot actually see how much money you’ve got just a few more words on security you can lock your card remotely they have support available extremely available so that’s just one

Of the most sec your uh banking apps that I’ve ever tried so far they have like an online management uh you know like your private space where you can manage everything and obviously they also have the online app so according to currencies uh the things important to

Understand here is this is not a multicurrency account kind of Bank you can only hold either Euro which is for if you’re from Europe or USD in the USA and I just learned this because uh it wasn’t the case before I think think they started in Europe and this is new

So basically either you are based in Europe I mean you may be traveling overseas and things like that but you are mainly from Europe and you’re going to hold Euro or you are from USA and basically same thing you’re going to be holding USD but you cannot have USD and

Euro on the same account and just a detail but in the times where I’ve done this it was a few years ago you could only receive your card like the Master Card only if I was in Europe in my country of origin so I believe this has

Changed so this is why I’m not sure this is still the case I believe that now you would be able to receive your n26 Master Card even if you are in another country but just so you know you could only basically open your n26 account uh if

You were in Europe because that’s the only way you could receive your master card in regards to account types so um they have basically two things what you know it’s very common they have all these personal options and then they have like also a business side so it’s

Always good to know if you know your life evolves and you you just get more into business and you know you get more money and things like that so it’s good to know that you you could always like uh convert at any point they have options for business okay so I’m going

To try to talk a bit about management now and how to manage your money the cards and things like that so this is the way it works in n26 as you can see on the screen so uh they have this thing called spaces which I think is is quite

Convenient it’s like virtual spaces and so basically you’ve got your main account and then you’ve got savings and then you can just create more spaces and just name them so for example for me I have like a virtual space where I put money and that’s going to be only what I

Want to spend when I go back to Europe and then I have another one which is more like savings and you know they also have this thing called shared spaces I’m going to talk in the next slide uh split expenses budgeting you know so they have

Just uh like features if youd like to just manage your money on a day-to-day basis so for example the have these things I’m going to talk a bit later this called money beam so you can uh transfer funds to uh your spaces of course but you can also transfer to you

Can connect with your family members and you can like exchange money with people with contacts within the app uh which is like kind of convenient you can of course send and receive payments please not this is what I put in red uh please bear in mind uh you are in the Euro Zone

Using this bank so the transfer you’re going to be able to do are only going to be of the iban seepa kind of type you know so European Bank transfers you can obviously do International transfers but just understand that this is not like the wise Bank you know which is like uh

Made for this kind of transfer International they’re very specialized and you can assuredly do International transfers using this bank but you will have to pay um like transaction fees you know like and like currency conversion fees but but that being said if you do transfers within the European Zone uh it

Should be totally free like imagine you do a transfer of Europe between uh France and Germany for example uh that should be like totally free transfer because you’re in the European Zone and then they have other uh cool features in the app you know like to get an overview

And keep tracking of your savings and set saving goals and things like that just a slide on the these share spaces that’s a new feature so now what you can do is basically yeah you can share money with friends and family so that looks very convenient like basically if um

You’re in a family kind of situation and you want to have like basically all your family on n26 and you have shared spaces for the family to budget together and things like that so I think it’s a a pretty nice idea overall then as I said before they have this thing called money

Beam and you can also like connect with uh contact so that are not family but that maybe like your phone contacts and you can you know like they’ve made easy the fact you can transfer if your friends and and siblings or co-workers or whatever this also have this n26 they

Have made like basically sending and receiving money uh like easier through the app some other features here include uh rules and budgeting so for example for someone that wants to save to buy a bike and they can choose a frequency you know and things like that same thing

Here with just just a quick slide on the Roundup feature so same thing when you spend money you can decide that you want to save uh a few uh Euros a few cents you know for some kind of budget and things like that so that’s it for the

Management side but now we’re going to I’m going to try to talk a little bit about cards and payments so within 26 you will get a free Master Card I’ve put this in Red so this may have changed at the moment I do the video uh which is a

Good news so when I opened my account in with 126 which was like 5 years ago around 2018 maybe something like that the MasterCard was still free but they couldn’t could only ship it to a country in Europe I believe this has changed now and so obviously you’re going to have

All the um you know modern options like Apple pay and Google pay and even virtual virtual cards which is pretty convenient and so basically to understand here there used to be just three types of accounts uh as you can see so the card you would you will get

Basically uh with no fee at all which meaning no cost at all is the transparent card you can see there at the top and then they had this uh anon6 metal and uh you know a few other like different plans uh for different uh benefits you can get so here’s a slide

That they have on their website at the moment so basically the three basic plans and and 26 smart and 26 U and metal so you can see that they this all these plans they have just different features like for example you get a little bit more benefits if you take n26

Smart you know they have this virtual card thing and you can have more spaces you know which is just limited to I think three or five on the basic free account and they have this other premium account here called n26 so apparently it it has a bit more uh options for

Traveling and then you have n26 metal which has even more like options for withdrawals in the travel zone and I believe just a little bit more options like business-wise of things like that so they have a page to compare plans and I’m going to try to take take you to

This page right now okay so on this page that you can find on the link the link I just clinked uh they have a comparison basically for all the n26 types of accounts so bear in mind that the first the n26 standard is will always be free

I mean I don’t know always but it is still free like you can literally use any 26 bank and I’ve been doing this for years just on the free plan which you already get uh quite a lot of advantages so keep keep in mind you can get it for

Free and then you have these Evolutions uh that they’re showing here so uh with the smart the n26 U and n26 Med also um but basically you can see that just with the uh normal plan the free plan uh you know you get a lot of options you can

Have a virtual card I don’t know why they say that uh you don’t get a physical card because I do get a physical card but basically you get a lot of basic features and then uh you get the crypto features I haven’t talked about yet uh but you get of course

Mobile Banking and but you can see really comparing the plans like you get a lot of things just from the n26 standard one of the drawbacks of this Bank uh is the for me is the ATM withdrawals in Euro in the Euro Zone which is a little bit strange but it’s

Like that you can see that uh you know it’s limited to three withdrawals when they say limited it’s like the free withdrawals like basically you go to a cash machine and you want cash and you can do this three times for free with the standard card which for me has

Always been enough you know I never needed more than this and then you get a little bit more free withdrawals and then after that basically you what happens is you’ll have a fee to pay and uh this gets even worse when you want to withdraw cash abroad and I mean I cannot

Blame n26 for this because this is very very general things uh from all the banks that I’ve seen including travel Banks like uh quite frankly you will always have fees to pay when you want to withdraw cash overseas this is a very very common thing and you can see that

These fees they start to get waves from the n26 U uh plan but in a general way you will always have to pay uh fees and conversions uh currency conversion fees and things like that when you are overseas but conversely something that is very common with all these uh online

Banks and travel Banks is uh you will always be able to pay with your card uh overseas and also to pay online and most of the time this is completely free you have no fees whatsoever and then you can see that from the n26 also you have the

Travel insurance kind of options you know you just basically get a little bit more features for the uh plans where you have to pay a monthly fee but quite frankly uh you can already do a lot of things with the free plan which I think is absolutely great and of course in

Terms of security all the plans are the same you just get the same kind of uh security you know in regards to your account whatever the plan you choose including the free one so just to recapitulate a little bit uh because this is um you know this is quite an an

An important Point uh in in regards to cash withdrawals so uh this is what Google says that withdrawals in the Euro zone are free for n26 customers this is not what their website say and this is not what my experience say as well there will always be some kind of limitation

In terms of withdrawals even within the Euro Zone And in regards to overseas so when you want to get cash from foreign ATMs so uh you can see that with n26 you in metal accounts you start to get uh more benefits in regards to this so more

Like free cash withdrawals on ATMs and there’s a bit more information here if you want to have a read post the video but you know in a general way the idea is to understand is okay there’s there unless you are in a Advanced uh kind of plan Premium plan with more features

There’s always going to be some kind of fees on uh withdrawing cash and so here they’re talking about 1 1.7% another thing about cash withdrawal and you you’re going to have limits most of the time so you can see here it varies uh from bank to bank and varies

Depending on you know several things but yeah it’s going to be some kind of limit about how much cash you can withdraw per day and also per month which once again is is not rare at all uh for these kinds of banks now in regards to payment as I

Was saying although uh as opposed to the ad DM and withdrawal kind of situation you will always be able to pay very very easily with MasterCard wherever you are in the world that’s just an additional slide about the security uh you know just to show you they’ve got the NFC

Like no contact technology they’ve got all these things you know like all the latest basically secure feature that you would expect uh nowadays for um uh debit card basically they’ve also got this cool uh features like through the app you can uh you know you can change your

Uh card uh PIN code and you can lock the card immediately if you get it stolen and things like that you know so there’s a lot of control that you can have and that’s really really great I think okay so just a few slides on the financial

Products because uh that’s a kind of an add-on that uh you can have with n26 so basically there’s going to be two categories there’s the cryptos and there’s insurance so I’m going to go uh try to go very fast with this on this slides but you know it’s just so you

Know that they’ve got this options so they do have an option for crypto I would say this is probably not the the main uh online bank that I would recommend if you are like full on into crypto like you’re really into crypto you know like I know that for example

Revolute they were pretty big on this as well and uh one of the reason I left revolute is because that was even too big for me you know that was like too like prevalent on the app it was just annoying for me like you know I’m just

Using my bank for currencies mainly and not cryptos and but just so you know that yeah they have this option where basically you can have a crypto portfolio uh in your n26 app and of course you can manage coins and things like that buy and sell now some other

Items that you could get with n26 if that was interesting for you is they have got all this kind of of insurances so they got travel kind of insurance uh you know with like baggage coverage and things like that medical travel insurance which I think is is quite great honestly it’s great that

They have these options because uh as I’m saying I am mainly recommending this bank as a bank to hold Euros or US Dollars uh while you are Trav traveling overseas but you still want to have like a full control on these currencies from your own country so I think this is just

Great that they have these things and then they are developing even all these kind of other insurances you know home pet insurance and things like that okay very important detail one very good point about this bank I found is the support so uh I am very happy with uh

The support at n26 uh according to my experience Devo has been very responsive so they’ve got 247 online support through live chat through the website through the app on the phone of course they’ve got messaging and they have this uh phone option which is only for the

Premium customers but uh once again just like I said uh I’ve I’ve been doing live chat with them and they were extremely responsive and you will probably have to do that I mean I had to do that in the past just because I couldn’t change my phone number my French phone number to

The Australian one for some reason I couldn’t do it through the app very easy very responsive uh support which is always great to have from a bank or service in general now you can create your own n26 account in a matter of minutes just uh you know going online or

Even better using the referral code which uh I’m going to talk about in a second and yeah it we’ll just take you basically just a few minutes you know enter basic information email address Etc download the app and then you will get into the process to get your uh

Debit card your debit Master Card now there is a referral program to on n26 where you can invite friends and you will uh earn a few bucks when you invite people so for example for me I can earn €20 whenever someone use my referral code which you don’t have to use but I

Encourage you to use for a few reasons because I would like to make more of these kinds of videos on the channel I would really like to come back to the channel and to go very very far with this uh Travel Channel to go into my great in Australia you know get into

Things like uh even try to get a migration agent to do some kind of podcast and to be able to answer questions everything about uh you know uh expatriation and traveling and getting very very deep into these kind of topics and unfortunately I’m like everybody uh I’m limited by time and

Money and so even though you don’t have to use this referral link I would very much appreciate if you did so because it will really support me directly in my effort to try to um put more information out there to help people who are traveling who are exper you know just

Leaving their country exploring the world but in a way that they more or less intend to establish themsel and especially in Australia because I’ve been there for seven years and I’ve got a lot of experience in this country there’s a lot of things that I would be

Happy to share and so thank you for using my referral link if you want to um get into n26 I will very very appreciate it thank you so much as well for supporting the channel if you like this video video uh it always helps to leave

A like And subscribe to the channel just like I was saying um supporting me in giving you more help more support more information uh for your travel in Australia but also in other places in the world where have a bit more experience like Thailand and things like

That so thanks a lot for your support uh in conclusion I would say that n26 is a great Bank to hold Euro or this is new USD for American people uh so to hold them as a complimentary Bank in your country but also the bank where you will

Have a lot more control than you know all these National U Banks and local banks because as I said before uh these kind of banks they become an absolute nightmare when you are traveling you know even if they try to sell you that oh yes we are looking into the future

And things like that but by experience they are all absolutely bad uh in a general way so you really want uh an online bank you’re really want a Neo Bank uh if you start traveling and just being away from your country for um a long time I also believe n26 is pretty

Unique in the sense that it’s a great way to stay financially connected uh not only to your European country but also with your family with all these features that they’ve got uh where you can uh you know very easily connect with your family and exchange money I think this

Is great and I think this is kind of unique so another thing that’s great they have absolutely no account holding fees which is great and although they are somewhat flexible for travel in fact it very much looks like their philosophy according to n26 is evolving in that

Sense with the travel insurance and all these kinds of options you know uh so I think it’s um it’s great it’s very promising and basically the only negative point that I would have to say about this um Bank this online bank is about the ATM withdrawals but as I said

Before uh I’ve seen that happen you know with uh what whatever it is wise revolute and other many other Banks like this is just a general issue a general fact that you will encounter you will very often have fees if you want to uh especially withdraw cash in other

Countries not only not only fees from the local ATM but also the like the currency conversion fees I think that’s it for this video I hope you liked it and yeah just let me know in the comments if you have questions and things like that I’ll try to do my best

To answer them thank you see you in the next one

Ready to upgrade your banking experience? Join N26 today through my link for exclusive perks and a world of financial freedom: https://bit.ly/4785Fd2 🏦✈️

🌍 Embark on a seamless financial journey with N26, your go-to bank for full control of Euros while traveling! In this comprehensive review, I will unravel the simplicity of managing your finances on the go, including easy currency exchanges with friends and family. Stay ahead with top-tier security features that ensure peace of mind in every transaction. With a globally accepted Mastercard, your financial freedom knows no borders.

✈️ Discover the flexibility of N26 with a range of plans designed for both personal and business use. Say goodbye to account holding fees with the standard plan, making your financial experience even more rewarding. Whether you’re an expat or a traveler, find out why N26 is the ultimate solution to holding Euros securely.

#TravelBanking #ExpatsEuroBank #N26Review #FinancialFreedom