When deciding between Revolut and N26, it’s important to evaluate which features best align with your financial needs.
This comparison will highlight key differences, from mobile banking capabilities to specific benefits, helping you make an informed choice.
Revolut
N26
How do Revolut and N26 compare?
Revolut and N26 are two prominent digital banks with distinct approaches to mobile banking. Both offer a range of modern financial tools through user-friendly apps, allowing customers to manage their finances on the go.
Revolut stands out for its global focus, providing multi-currency accounts, overseas ATM withdrawals, and access to cryptocurrency trading. It appeals to frequent travelers and those handling various currencies, offering flexible exchange rates and financial services suited to international users.
In contrast, N26 centers on serving the European market, particularly in Germany. Its feature set includes essentials like virtual and physical debit cards, mobile payments, and budgeting tools. N26 also offers more traditional banking options, such as savings accounts, personal loans, and insurance, which cater well to everyday financial needs within Europe.
Pricing differs between the two as well. Revolut’s free accounts include core services, with additional perks available through premium plans. N26, while also offering a free tier, incorporates fees for select transactions, particularly on advanced services.
Ultimately, Revolut is tailored to travelers and those needing multi-currency support, while N26 is well-suited for European residents who prefer a comprehensive range of banking products in a streamlined mobile format.
Founded: 2015
Headquarters: London, UK
Users: +45 million
Countries available: 35
Available for: Personal users and Businesses
Go to Revolut
Founded: 2013
Headquarters: Berlin, Germany
Users: +8 million
Countries available: 24
Available for: Personal users and Businesses
Go to N26
Why use a neobank?
Affordable fees and attractive pricing
With their digital-first approach and reduced operating costs, neobanks often offer highly competitive fees compared to traditional banks. Many neobanks minimize or eliminate fees for services like account maintenance and transactions, and some even provide enhanced interest rates on savings and loans. This cost-efficiency appeals to individuals and businesses focused on maximizing financial value without the typical expenses of traditional banking.
Quick account setup and hassle-free onboarding
Opening an account with a traditional bank is often a slow, paperwork-heavy process. Neobanks streamline this experience by using technology to offer a quick, fully online onboarding. Some even provide instant approval, allowing users to start banking within minutes. This efficiency and ease make neobanks an attractive option for people who want fast, paperless access to financial services.
Intuitive design for easy navigation
Neobanks offer highly accessible, user-friendly mobile apps designed for a smooth, modern banking experience. Unlike traditional banks, which rely on complex processes and paperwork, neobanks provide a streamlined interface where users can manage finances, track transactions in real-time, and set up alerts with ease. This straightforward, app-based experience appeals to tech-savvy users and businesses alike, offering a practical solution for efficient financial management.
Advanced budgeting and financial tracking tools
Neobanks often come equipped with advanced financial tools built right into their apps, giving users insights into spending patterns, budgeting help, and real-time transaction categorization. For businesses, this translates into improved financial control and clear visibility over cash flow. With features like expense tracking and financial analysis, neobanks empower individuals and businesses to make informed, data-driven financial decisions, setting them apart with their strong focus on financial management.
Responsive support and community involvement
Neobanks focus on customer satisfaction with quick, accessible support through multiple channels like in-app chat, email, and even social media. Traditional banks can sometimes have slower, more bureaucratic service, but neobanks use technology to deliver faster, more tailored responses. Many also build a sense of community through online forums and events where users can exchange tips and insights, fostering a collaborative approach to banking.