N26 launches business bank accounts for freelancers

If you’re a freelancer or self-used particular person, you can now open up a dedicated small business account with N26 in just a handful of minutes. These small business accounts are very comparable to the client accounts with one particular supplemental characteristic — you get .1 % cashback on all your card purchases.

Small business accounts are readily available in all European countries wherever N26 by now operates. You can not open up an account for a comprehensive-fledged enterprise nonetheless, but N26 suggests that extra small business capabilities are coming soon.

Here’s a speedy recap of what you can do with an N26 account. You can manage your card in real time from the application. For occasion, you can block international transaction or established a restrict on ATM transactions due to the fact you hardly ever withdraw money.

You can shell out any where close to the environment with your N26 card without any exchange fee markup or international transaction rate. You can also get real time notifications of your transactions on your mobile phone if you care about security.

N26 by now has 300,000 clients. It’s apparent that the startup wants to recreate a retail lender for European people initial and foremost. In its existing point out, small business lender accounts seem to be like an afterthought. But it is exciting to see that it took small effort to customize the item for freelancers and self-used persons.

Small business lender accounts also seem to be like one more market place altogether. Startups like Qonto and Ibanfirst are committed to small business lender accounts with a diverse established of capabilities when you look at it to N26. But it’s possible the N26 for small business lender accounts is heading to be N26, just after all.

As a facet be aware, I’ve been applying N26 as my most important own checking account for a handful of months now, and it is been rock reliable. I’m really amazed with N26’s item presenting. It’s clear, straight to the stage and reliable. I take into account my lender account as infrastructure, so which is all I have to have.