How much N26 saved me on my last trip

I recently came back from a trip where I used my N26 card exclusively. I used to be a Revolut fan but have since moved over to N26 and to be honest, I haven’t looked back. I still always pack my Revolut Card with me as backup but N26 is my main card now both at home in Ireland and when travelling. I thought it would be interesting to do the sums to see how much N26 ‘saved’ me during the trip.

There are things to keep in mind.

  • I pay for N26 Black which costs €5.90 per month. If I hadn’t paid for N26 Black and instead had the basic N26 MasterCard I would have ended up paying 1.7%.  This would have worked out at ~€17.95 for the trip so it would still have been cheaper than AIB and Revolut
  • If I wasn’t using N26 and instead using AIB or Revolut I would have done fewer larger transactions. This would have saved fees but I would have had to walk around with more cash on me which I like to avoid.
  • I am making some assumptions with exchange rates. Every third or fourth withdrawal I would use my Revolut card, that had no funds loaded to make the transaction. The transaction would fail as expected, but the euro converted amount shows as a failed transaction.

These were all standard withdrawals from a Standard Chartered ATM in Kathmandu, Nepal. This is the only ATM in Nepal that does not charge for withdrawals on debit cards. All other ATMS charge a fee of approximately 500rs or $5 per withdrawal. Standard Chartered ATM charges a 500rs/$5 fee for credit card withdrawals. As Revolut is coded as a prepaid card and not a debit card Standard Chartered treats it as a credit card. So for each Revolut ATM transaction there would be a $5 fee. This is why it shows as more expensive than using the AIB Debit Card.

 

N26 Revolut AIB
€60.52 €64.86 €64.03
€34.58 €38.92 €37.44
€26.02 €30.36 €28.67
€43.25 €47.59 €46.33
€25.95 €30.29 €28.60
€95.09 €99.43 €99.47
€25.86 €30.20 €28.51
€118.64 €122.98 €123.61
€118.21 €122.55 €123.17
€16.90 €21.24 €19.32
€85.11 €89.45 €89.24
€272.36 €276.70 €281.17
€34.04 €38.38 €36.89
€33.37 €37.71 €36.20
€58.53 €62.87 €61.99
€8.36 €12.70 €10.57
€1,056.79 €1,126.23 €1,115.21

 

Here using N26 Black saved me €58 compared to AIB and €69 compared to Revolut. I do pay €5.90 per month for Black which also comes with included travel, mobile, mugging insurances and extended warranty. If I did not pay for N26 Black and instead just used normal N26 account I would have saved €41 and €52 respectively.

N26 is not for everybody. I am however a very very happy customer. My experience with N26 has been much better than my experience with any of the Irish Banks I’ve dealt with.

In the interest of full-disclosure, links to N26 are affiliate links. Should you click through to N26 via my affiliate link and sign up to their bank account I will receive a small commission payment. These affiliate payments have no impact on my reviewing of the product. If you believe I have been influenced by the potential commission when reviewing a product please call me out. 

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