N26 Smart is N26’s newest account type targeted at users looking for a low-fee, high-value bank account. Released in November 2020, it offers many of the same features of N26’s more premium accounts, but at a fee of just €4.90/month.
As someone who has happily used N26 for more than 4 years, I suggest giving them a try.
N26 Smart: Features & Benefits
|#1 Domestic Fees|
|Domestic ATM withdrawal fees||5 Free withdrawals per month|
€2 once the limit has been surpassed
|#2 International Fees|
|Foreign ATM withdrawal fees (foreign currency)||Free (exchanged at the interbank rate)|
|Foreign Transaction Fee||Free|
|Foreign Exchange Fees||Free|
|# 3 Everyday Usage|
|Cash Deposits||Yes, with a 1.5% fee and 24-hour limit of €999|
|Transaction Categories & Spending Insights||YES|
|Real-time transaction notifications||YES|
|#4 Interface & Usability|
|Signup Speed||< 10 minutes|
|Mobile App Ease Of Use||Highly intuitive|
|Desktop Ease Of Use||Highly intuitive|
|Apple App Store Score /5||4.8|
|Google Play Store Score /5||4.6|
|#5 Mobile App Functionality|
|Online Payments toggling in the app||YES|
|Foreign Payments toggling in the app||YES|
|ATM Withdrawal Toggling in the app||YES|
|Spending limits in the app||YES|
|ATM Withdrawal limits in the app||YES|
|Sub-savings accounts||Up to 10 sub accounts (“Spaces”)|
|Group savings accounts||Yes|
|#6 Customer Support|
|In-app support chat||Yes, 24 hours|
|Human Telephone Support||Yes|
|Email Support||Yes, email@example.com|
|# of Support Languages||5|
|#7 Security & Regulation|
|PIN resets in the app||YES|
|Lock/Unlock Card In The App||YES|
|Regulator||Protected up to €100,000 by the German Deposit Protection Scheme|
|Countries Available||Austria, Belgium, Denmark, Estonia, Finland, France, Germany, Greece, Iceland, Ireland, Italy, Liechtenstein, Luxembourg, the Netherlands, Norway, Poland, Portugal, Slovakia, Slovenia, Spain, Sweden, Switzerland, and the US.|
As you can see in the table above, N26 Smart comes with a lot of unique and valuable features. But for now, I just want to draw your attention to 3 of them.
#1 5 Free ATM Withdrawals Per Month
N26 Smart cardholders get 5 free ATM withdrawals per month in the Eurozone, which is well beyond what most people need. This is a great benefit, especially given that not all online banks offer free withdrawals.
These free withdrawals are only in the Eurozone, though. If you want free withdrawals worldwide, you’ll need to upgrade to N26 You or N26 Metal.
#2 10 Sub-Accounts
I never used to use sub-accounts (smaller accounts that sit within your larger, main bank account), but now I love them. They just make saving for particular items like trips or larger purchases extremely easy, and I find them to be great ways to keep me focused on my financial goals.
N26 calls its sub-accounts “Spaces”, and with N26 Smart you get 10 of them. You can even set up automatic transfers between your sub-accounts so that you move money between them without even noticing. I’m a big fan.
#3 Phone Support
Many online banks don’t offer phone support unless you’re paying for a very premium plan (if at all!), so the fact that phone support comes with N26 Smart is pretty great. In my experience, I’ve never waited on hold for more than 1-2 minutes to speak to an N26 support agent, and they’ve been legitimately helpful in solving my issues.
How Does N26 Smart Compare?
If you’re comparing N26 Smart to N26’s more premium plans—N26 You and N26 Metal—the major difference between them is that N26 Smart doesn’t come with any sort of travel or medical insurance. N26’s travel and medical insurance is certainly nice to have, especially if you frequently travel internationally, so you’ll have to ask yourself whether the extra €5+ per month is worth it to you.
Keep in mind that you can always upgrade your N26 account later on, so if you’re on the fence, it may be a good idea to start with the free N26 account or N26 Smart, and then upgrade to N26 You (which I used for 4+ years) or N26 Metal (which I recently switched over to).
N26 Smart is a great mid-level bank account that gives you some of the bells and whistles you get with its more premium accounts at a fraction of the price. As a loyal, happy N26 user for more than 4 years, I highly suggest giving them a try.
Also, since so many of you have been asking us for them, here's our full list of country-specific posts outlining how to ship anything from Amazon to any country in the world. Our 2-step method makes it as simple as humanly possible, and takes about 3 minutes total: Austria, Bahrain, Belgium, China, Cyprus, Denmark, Finland, Greece, Hong Kong, Hungary, Indonesia, Israel, Kuwait, Japan, Malaysia, New Zealand, Norway, Oman, Philippines, Poland, Portugal, Qatar, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Sweden, Switzerland, Taiwan, Thailand, Turkey, Asia as a whole, Europe as a whole and the United Arab Emirates.
And here's another post on how to log out of Amazon.
While you're at it, international travelers should read our N26 review for the best way to get free ATM withdrawals the best rates on currency conversion - anywhere in the world.