German online bank N26 has launched its services in Switzerland, as it continues to build up its footprint across the globe.

Customers in the European nation can now open a free eurobank account with N26. The account enables borderless banking across the Eurozone.

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The account offers five free withdrawals in Euros per month within the Eurozone.

The Swiss N26 customers can also carry out card payments without foreign exchange fees in any currency across the world.

Furthermore, customers using iOS devices can use N26 with Apple Pay.

The service is specially designed for customers who travel frequently within the European Union.

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Following the launch, N26 is now live in 26 markets globally.

N26 general manager for DACH Georg Hauer said: “We’re really happy to present a mobile banking offering in Switzerland that works not just here, but also well beyond the borders of the Eurozone and in Switzerland.

“Our mission is to become the most popular euro currency account in Switzerland. Additionally, with Apple Pay, N26 customers have access to an easy, secure and private way to pay in stores, apps and on the Internet via Apple devices.”

Currently, the online lender has more than 20,000 people signed up in the waiting list.

The N26 launch in Switzerland follows the roll-out of its mobile banking app in the US last month. The German bank opened its services in the US for all after a two-month beta programme.