German digital lender N26 has publicly launched its mobile banking app to all US consumers following a two-month beta programme.
The US residents can now download the N26 banking app from the Apple App Store and Google Play.
Go deeper with GlobalData
Using the app, consumers can apply for an N26 account as well as a Visa debit card powered by FDIC-insured Axos.
The launch also includes the roll-out of N26’s peer-to-peer payment service MoneyBeam. Customers can use the MoneyBeam service to send and receive money from any person with an active US N26 account.
Additionally, N26 allows the customers to receive their salary up to two days before the stipulated date by setting up a direct deposit with the accounts.
They can also compartmentalise their accounts into sub-accounts called Spaces to organise their savings and expenses.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataThe Spaces can be created through the app, and users can drag and drop money to and from these sub-accounts.
N26 US CEO Nicolas Kopp said: “We are excited to now open up N26 to the millions of US consumers who are frustrated with their current banking experience.
“We give users a banking app and Visa debit card that matches their lifestyles. We created a mobile, fast and easy way to bank.”
The German lender announced its plans to foray into US market in 2017 followed by a limited launch in July this year.
In the same month, the company raised $170m through an extended funding round to support its global expansion outside Europe.
The company is now valued around $3.5bn.
