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November 20, 2018

Digital-only bank N26 goes live in UK

The N26 UK launch is here following the completion of the bank’s beta-phase.

The UK-wide roll out follows the bank’s foray into other European markets of Denmark, Norway, Poland and Sweden.

The German digital-only bank is now offering free current account and credit cards to UK customers.

What will the N26 UK launch offer?

The new challenger in the UK market will allow its customers to carry out all banking tasks 24/7 from any location.

The customers can save money, transfer funds, make contactless payments as well as lock and unlock credit card through the app.

Additionally, N26 UK allows the customers to transfer money into multiple customisable sub accounts, called Spaces.

Spaces are designed to help the customers manage their finances and help them to reach their savings goals.

Furthermore, they can carry out card payments across the world for free and enable instant push-notifications for every transaction.

All non-UK citizens, residing in the country legally, can also open a bank account by providing an identity proof.

N26 in a blog post said: “We believe that banking shouldn’t be a time consuming or frustrating experience. That’s why our app lets you take full control of your finances.

“Right now, you can open an account in just a few minutes and find out why more than 1.5 million customers across Europe already call us their bank.”

N26 started its initial testing phase in the UK last month.

Gradually, the bank is expected to introduce new features and services for the UK customers.

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