The N26 banking app has officially launched in the US.
On Friday the company began it’s staged rollout in the US. 100,000 customers from the US waitlist now have full access to the product.
Nicolas Kopp, US CEO, N26 Inc., said: “We’re very excited to bring our experience to US customers. In Europe, we’re loved for our effortless and sleek user experience, with no hidden fees. Starting today, you can sign up entirely from your phone in just five minutes. There are no account maintenance fees or minimum balances required.”
“We will eliminate the frustration of visiting branches, waiting on the phone, and paying fees for basic services that should already be included. We will add even more benefits and features over the summer.”
N26 had its initial European launch in 2015, since then the company has reached 3.5 million customers, across 24 European markets. The app attracts more than 10,000 new users every day in Europe, mostly through word of mouth.
N26 customers can use the company’s mobile app and debit card to access a range of features, empowering them to take control of their finances. Transactions are displayed in real time in the app, and automatically categorised. Customers can set daily spending limits and lock and unlock their cards, all from the app.
Each N26 account also comes with Spaces; sub-accounts letting people organise and achieve their financial goals. Users can easily deposit and withdraw money from their Spaces with a simple drag and drop.
“The US launch is a major milestone for N26 to change banking globally and reach more than 50 million customers in the coming years,” says Valentin Stalf, co-founder and CEO, N26.
“We know that millions of people around the world and particularly in the US are still paying hidden and exorbitant fees and are frustrated by poor banking experiences. N26 will radically change the way Americans bank as it has for so many people throughout Europe.”