I have had current accounts with AIB, Bank of Ireland, Ulster Bank, Post Bank (blast from the past) and KBC in Ireland. I had high hopes for KBC but found their opening procedure very poor although it seems to have improved. However, their internet and mobile banking were poor in my opinion and their advertising campaigns really got on my nerves which was the final straw. In the end I think I had a KBC account for a month or two before switching to N26.
N26 is a German online bank that allows Irish residents to sign up. Signing up and verifying your identity is all completed via their app. I was fully set up and verified in less than 20 minutes. They have two personal products – Standard and Black. The standard bank account comes with a MasterCard debit card and has no fees – except a €2 ATM withdrawal fee if you make more than 5 ATM withdrawals in a month and a 1.7% fee for non-euro ATM withdrawals. N26 Black costs €5.90 per month and for this the 1.7% non-euro ATM withdrawal fee is waived. There is also included Travel, Mugging and Mobile Phone insurance as well as extended warranty.
I understand N26 is not for everyone and many people will not find value in the N26 Black product. There are downsides to the N26 Bank account which I covered in a blog post below. However, N26 Black is by far the best product for me that is currently available. I don’t want to start a N26 -v- Revolut debate – I recently got a bit of abuse on Twitter for suggesting that in some circumstance N26 works out cheaper than Revolut.
Below are all the blog posts I have written about N26. I decided to do a mega-post so all the information can be easily found for those who are interested in N26.