Skip to content
Home » Tips » Revolut vs N26

Revolut vs N26

  • by
¿Revolut o N26?

What is Revolut and what services does it offer?

Revolut is a fintech founded in 2015 that offers financial services in an innovative way through a mobile application. Based in London, this company has revolutionized the way people manage their money by providing a wide range of services quickly, securely and without hidden fees.

One of the main features of Revolut is its Visa or Mastercard debit card that allows you to make payments in different currencies at the best exchange rate without commissions. Likewise, users can make international transfers instantly and free through the application, avoiding the high commissions of traditional banks.

In addition, Revolut offers the possibility of opening current accounts in different currencies, making it easy to make payments and transfers abroad without having to worry about bank fees. It also allows users to buy and sell cryptocurrencies such as Bitcoin, Ethereum and Litecoin easily and securely.

Another notable service from Revolut is the ability to create personalized budgets and receive real-time notifications about expenses incurred, which helps you maintain better control of your personal finances. In addition, the application offers the option to invest in stocks and investment funds through a simple and accessible process for any user.

What is N26 and what services does it offer?

N26 is a digital financial institution based in Berlin, Germany, offering innovative and fully digital banking services to its customers in several countries in Europe and the United States. Founded in 2013 by Valentin Stalf and Maximilian Tayenthal, N26 has positioned itself as one of the most prominent fintech companies globally due to its focus on simplicity, transparency and convenience for its users.

Among the services offered by N26 are free checking accounts that can be opened in a few minutes from a mobile application, Mastercard debit cards that allow commission-free payments in any currency, international transfers with real-time exchange rates, travel insurance and shopping, as well as savings and financial planning tools.

In addition, N26 offers various additional products such as savings accounts, metallized cards with exclusive benefits, commercial accounts for self-employed people and companies, as well as the possibility of opening subaccounts to organize funds more efficiently.

The platform is characterized by its focus on the security and protection of its users’ data, using advanced encryption technologies and real-time notifications to detect any suspicious activity in the accounts.

Which bank backs Revolut?

Revolut is not backed by a traditional bank in the traditional sense, as it does not operate on a traditional banking model. Instead, Revolut is a licensed e-money financial institution and is part of the Financial Services Compensation Fund (FSCS) in the UK.

Revolut works with a network of partner banks to provide financial services to its customers, but does not rely on a single bank to support its operations. This approach allows Revolut to offer a variety of financial products and services, such as current accounts, debit and credit cards, currency exchanges, investments and insurance, more quickly and efficiently.

Additionally, Revolut uses cutting-edge technology, such as artificial intelligence and machine learning, to optimize its processes and improve the customer experience. Its digital platform allows users to manage their finances quickly and easily, with features such as account division, fast payments and international transfers.

Which bank supports N26?

N26 is backed by several banks who trust its innovative business model and growth in the digital banking market. Among the main banks backing N26 is the German group Axel Springer, one of the largest media groups in Europe. Axel Springer has shown his confidence in N26 by investing a significant amount of money in the company.

In addition to Axel Springer, N26 is also backed by other banks and investment funds, such as the American venture capital fund Thrive Capital and the Chinese investment fund Tencent Holdings. These banks and investment funds have seen the growth potential of N26 and have decided to support the company with significant investments.

The support of these banks and investment funds has allowed N26 to expand into new markets and offer innovative financial services to its clients. Thanks to this solid financial foundation, N26 has managed to position itself as one of the most popular and successful digital banks in Europe, with millions of customers across the continent and a valuation of billions of euros.

What countries does N26 accept?

N26 is a Germany-based financial technology company that offers banking services through its mobile app. Despite being a company based in the European Union, N26 has expanded its services to several countries around the world.

N26 is currently available in several European countries, including Austria, Belgium, Denmark, Spain, Estonia, Finland, France, Greece, Ireland, Iceland, Italy, Latvia, Lithuania, Luxembourg, Netherlands, Norway, Poland, Portugal, United Kingdom, Czech Republic, Romania, Sweden and Switzerland.

Additionally, N26 also operates in the United States and has announced plans to expand to other global markets in the future. It should be noted that N26 services and functionalities may vary depending on the country in which the user is located, so it is important to check the availability of the application in each location.

What countries does Revolut accept?

Revolut is a fintech service that has been accepted in a wide variety of countries around the world. Thanks to its success and constant growth, Revolut has expanded its services to more than 35 countries in Europe, Asia and the Americas. Some of the countries where Revolut is accepted include the United Kingdom, Germany, France, Spain, Italy, Netherlands, Poland, Sweden, Lithuania, Bulgaria, Switzerland, Austria, Norway, Iceland, Finland, Denmark, Portugal, Romania, Czech Republic, Croatia, Slovenia, Estonia, Latvia, Slovakia, Hungary, Malta, Greece, Luxembourg, Belgium, Ireland, Cyprus, Liechtenstein, Bulgaria, Lithuania, Hungary, Croatia, and is currently in the process of expanding into new markets.

In America, Revolut has begun to offer its services in countries such as the United States, Canada, Brazil, Mexico, Chile, Colombia, Argentina, Peru, and soon in more countries in the region. Likewise, in Asia Revolut has begun operating in countries such as Singapore, Japan, Australia, New Zealand, Hong Kong, South Korea, Taiwan, Philippines, Indonesia, Thailand, India, Malaysia, Vietnam, and is planning its expansion to other countries of the continent.

What are the main differences between Revolut and N26?

Revolut and N26 are two of the most popular fintech or neobanks in Europe, offering digital and commission-free banking services in an innovative way. Although both offer fee-free bank accounts and physical and virtual debit cards, there are some key differences between the two.

Firstly, Revolut offers the ability to convert foreign currencies at the real exchange rate in real time, which is very useful for those who travel frequently or make purchases in different currencies. On the other hand, N26 does not offer this function, although it does allow international transactions with a small commission.

Another important difference between both platforms is the availability of premium accounts. Revolut offers premium accounts with benefits like travel insurance, ATM reimbursement, and cryptocurrency, while N26 has different types of premium accounts with features like mobile phone insurance and travel insurance.

In terms of user experience, Revolut stands out with its wide range of features such as automatic savings, customizable budgets and detailed spending analysis. For its part, N26 is characterized by its minimalist and easy-to-use design, with a very intuitive and simple application.

What are the advantages of Revolut?

Revolut is an innovative financial platform that offers a number of significant benefits to its users. One of the main advantages of Revolut is its ease of use and accessibility. With just a few clicks, users can open an account, load money, and start using the wide variety of services the platform offers.

Another key advantage of Revolut is its focus on transparency and reducing hidden fees. Revolut users can make international transactions at real exchange rates and without additional fees, helping them save money compared to other traditional financial services.

Additionally, Revolut offers a wide range of additional features, such as the ability to create savings and investment accounts, the ability to purchase cryptocurrencies, and the ability to better organize personal finances through budget and expense management tools.

Another significant advantage of Revolut is its focus on the security and protection of user data. The platform uses state-of-the-art encryption technology to protect customers’ personal and financial information, providing users with peace of mind and confidence.

What are the advantages of N26?

N26 is an online banking entity that offers numerous advantages to its users. One of the main advantages of N26 is the ease and speed with which an account can be opened, since the entire process is carried out completely digitally and without the need to go to a physical branch. In addition, it does not charge fees for opening or maintaining the account. Which makes it a very attractive option for those looking to save on banking costs.

Another advantage of N26 is the accessibility it offers to its users, as it allows you to carry out all types of banking operations from the comfort of an electronic device, such as transfers, payments or balance inquiries, quickly and easily. Furthermore, as it is a completely online entity. It offers customer service available 24 hours a day, which guarantees personalized attention any time you need to resolve any questions or incidents.

In addition, N26 has a wide range of innovative services and functionalities, such as the possibility of making mobile payments using contactless technology or the option to assign budgets and categorize expenses to more efficiently control personal finances. It also offers a free debit card with which you can withdraw cash without fees at any ATM in the world.

What is the security policy of Revolut vs N26?

Revolut vs N26 are two digital banks that have stood out for offering innovative financial services to their users. Regarding their security policies, both institutions place a strong emphasis on protecting their clients’ information and assets.

Revolut, for example, uses cutting-edge technology to protect its systems and its users’ data. They use end-to-end encryption, two-factor authentication, and fraud detection systems to ensure transaction security. In addition, they have a team of computer security experts who constantly monitor the network for possible threats.

In the case of N26, security is also a priority. They use advanced encryption systems and biometric technology to protect their clients’ accounts. In addition, they have a security team that works 24 hours a day to detect and prevent possible cyber attacks.

Both banks also offer their users the ability to set up security alerts and limit the use of their cards if they are lost or stolen. In addition, they have fraud refund systems to ensure the financial protection of their clients.

What is the opinion of users about Revolut and N26?

Revolut and N26 users tend to have divided opinions regarding the quality of the services offered by these two fintechs. Some users praise the ease of use, the speed of transfers and the possibility of carrying out operations in different currencies without hidden fees. In addition, they positively value the possibility of managing their finances from a single mobile application. Which provides them with convenience and agility in their transactions.

On the other hand, there are users who criticize the lack of transparency in commissions, especially in the case of Revolut. Which has been the subject of controversy for its unclear practices in some cases. Likewise, some users have reported problems with customer service on both platforms, highlighting long response times and difficulties in resolving incidents.

In terms of security, most users rate positively the measures implemented by Revolut and N26 to protect their data and transactions. Such as the ability to freeze the card in case of loss or theft, two-step authentication and notifications of suspicious activity.

What is the cost of using Revolut and N26?

The cost of using Revolut and N26 varies depending on the account you choose and the features you need. Both platforms offer free accounts with standard features such as free international transfers in different currencies, commission-free card payments abroad, expense analysis, among others. However, they also have premium plans that offer additional benefits such as travel insurance, roadside assistance, metal cards, among others.

In the case of Revolut, its standard account is free, but the Premium plan costs around 7.99 $ per month and the Metal plan costs around 13.99 $ per month. On the other hand, N26 offers the free standard account. The Smart account for 4.90 $ per month and the You account for 9.90 euros per month.

In addition to the premium plans, both Revolut and N26 may charge fees for ATM cash withdrawals, international transfers in some currencies, and the issuance of additional cards. It is important to review the terms and conditions of each platform to better understand the associated costs and choose the plan that fits your financial needs.

What is the best option between Revolut and N26?

Choosing between Revolut and N26 can be a complicated task, as both are excellent options when it comes to digital banking services. Both offer unique benefits that can be tailored to the needs of different types of users.

Revolut stands out for its focus on commission-free international transactions and the ability to carry out currency exchanges at the real-time interbank exchange rate. Additionally, it offers the ability to add local bank accounts and use the card anywhere in the world without additional fees. On the other hand, N26 is characterized by its minimalist and intuitive design. And by offering a wide range of financial products, such as insurance and savings accounts, all managed from the mobile app.

The best choice between Revolut and N26 will depend on personal preferences and the type of services you are looking for. If you make frequent international transactions and travel regularly, Revolut may be the ideal choice. On the other hand, if you are looking for a broader range of financial products. And value simplicity in managing your personal finances, N26 may be more convenient.

Related posts

Wise vs Revolut

Wise vs Revolut

March 9, 2024

What is Wise and what is Revolut? Wise, formerly known as TransferWise, is an international transfer platform that stands out for offering…

What is Chime?

What is Chime?

March 29, 2024

What is Chime and how does it work? Chime is a mobile banking platform that offers financial services to its users quickly, securely and without…

Leave a Reply

Your email address will not be published. Required fields are marked *