It is no secret that I am a massive fan of N26. I signed up to N26 black around a year ago and have used it as my primary bank account since. There have been some small issues but overall I have been very happy. A month ago I was in America for three weeks due to work and took an Uber to and from the office each day. I’d often also get UberEats delivery in the evening. Each time I would also tip the driver. The way Uber charges the tip comes up as a separate transaction. This meant each day I’d have 6 transactions from Uber. I didn’t think anything of it and my N26 Black Card was working perfectly.

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Earlier this week I posted that N26 has changed their ATM Fair Use Policy. Irish customers get 5 free euro ATM withdrawals per month with each additional euro ATM withdrawal costing €2. ATM withdrawals in foreign currencies incur a 1.7% fee. This fee is waived for N26 Black customers which means if you have a N26 black account you are limited to 5 free euro ATM withdrawals but had unlimited free ATM withdrawals in foreign currencies each month. This is a feature I have used a lot. In nearly a year of being a N26 Black customer I’ve completed 2 or 3 euro ATM withdrawals but probably close to 50 foreign withdrawals.

When I was last travelling two weeks ago, a notification appeared on my N26 app saying the ATM fair use policy starts today. This notification no longer displays – but I was certain it said ATM withdrawals in foreign currencies would be included in the fair use policy. I posted about this change and it appears I was the only one who got this notification. I reached out to N26 and they confirmed there has been no change to the ATM fair use policy.

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This article is incorrect. Please see clarification article.

I’ve been a N26 Black customer for nearly a year now and as I’ve said many times before I’m a massive fan. I have finally closed my last remaining Irish current account this week so its in N26 I trust. One big perk of N26 is that there are no currency conversion mark ups or fees – you pay the MasterCard rate on the day the transaction is processed. While this isn’t quite as good as Revolut’s rate the difference is negligible that I no longer use Revolut except as a backup.

One big perk and unusual feature with N26 Black is that you get 5 free ATM withdrawals per month within the eurozone but unlimited free ATM withdrawals outside the eurozone. This was great on my last trip as I did well more than 5 transactions and didn’t pay a cent in fees. However, they have closed this loop-hole now and the fair use policy applies to all ATM withdrawals. I received a in app notification of this change. They haven’t updated their pricing page to make this change clearer.

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Last week I wrote a post about signing up with Flender.ie which is a very easy process. I decided to invest €50 (the minimum amount) to try out the process and see whether I’d make further investments on the platform. While signing up was a very straightforward process I’ve found the website a bit confusing with some bugs.

  • When you are logged into your lending account and select ‘Marketplace’ to view a list of loans you can lend in, on the top right it appears as if you are logged out. However, when you select the individual loan, the top right again shows your logged in message.
  • The site can be very slow to load. When you click on a button to navigate to another page, there is no feedback to show the button click has been registered. It can take 5+ seconds to load the next page so its a pretty poor UX.

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I’m always on the look out for more P2P lending sites to try out. I like to spread out my investments among as many different platforms to try limit my risk. I have three more on my list to try out – Flender, Grid Finance and Bulkestate. I had planned to look into Grid Finance today but after logging on I couldn’t see any loans available to invest in. Maybe I’m doing something wrong..

 

Anyway, I decided to try out Flender instead. Flender would be quite similar to Linked Finance except Flender still allows you to ‘bid’ with the exchange rate – you get to chose how much to lend and at what interest rate. Flender is a UK based business with an Irish Arm. Their UK operation seems a lot bigger and you can also invest in loans to individuals.

Signing up was very easy. The whole process took less than 5 minutes to be signed up and have my identity verified.

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