If you are an overseas student going to study in Germany, you must open an international bank account in N26 Bank Germany to manage your finances effectively and efficiently. The minimum requirement is to have a mailing address in any of the EU countries where N26 is operational. For overseas students, N26 Standard Account is the best savings account option as there is no opening charge or minimum required deposit for this account. All services of this account can be availed online. Moreover, the availability of N26 ATMs in several European countries is also an added advantage for study in Europe students from Non-EU/Non-EEA countries.
Also Read: Best Student Bank Account To Open For Study Abroad
Why Should Students Open N26 Bank Accounts?
Owing to the easy account opening process, N26 Bank Germany becomes the go-to option for study in Germany students. Additionally, the flexible Mastercard and online banking services of this bank also make it ideal for students enrolling in universities in Germany. As most students must not be aware of the advantages of opening an account in this bank, we have laid down the key benefits of this account:
- One can open a free account in just 8 minutes. N26 Standard Account is the ideal option for international students
- One has to submit a valid ID proof only
- All services are available on N26 mobile banking app so that account holders can access all facilities from all over the world
- Free withdrawal facility from the home branch and all other N26 branches in EU/EEA nations
- Students get free of cost physical debit Mastercard
- Free withdrawals at ATMs in EU/EEA countries
- Account holders can quickly receive and send money internationally 24/7 and transfer money to other N26 bank customers through MoneyBeam
- Account holders also get virtual cards, which they can connect with their Google Pay or Apple Pay accounts
Also Read: What Are The Benefits Of A Student Bank Account?
How to Open N26 Bank Germany Account?
If you are an international student with a smartphone and a valid government ID, you can open an N26 bank account immediately. N26 Standard Account is ideal for international students. For the ease of such students, we recommend following the steps given below:
- Acquire the app: Visit your app store, search for N26, and download the mobile application.
- Create your account: Provide your name, personal information, and address, and then confirm. Rest assured, we are a fully licensed European bank with robust security measures in place to safeguard your account and data.
- Select your plan: Opt for our free bank account or explore our premium plans. If you’re unsure, you can always switch to a different plan later.
- Verify your identity: Undergo a brief video call to verify your identity, just as you would in a physical branch by presenting your ID.
- Link your smartphone: Once verified, connect your account to your smartphone and use biometric authentication for login, ensuring added security against fraud and unauthorized access.
- Begin using and saving: Instantly top up your balance through various methods like Giropay, credit card, debit card, or CASH26. Connect your virtual N26 debit Mastercard to Google Pay or Apple Pay and start making transactions right away. If you’ve ordered a physical card or chosen a premium account, expect your physical Mastercard debit card to be delivered by mail within a few days.
Also Read: How To Open A Business Bank Account?
Eligibility Criteria
Overseas students are required to meet certain requirements to open an N26 Standard Bank Account. An international student must:
- Be a minimum of 18 years of age while applying for the bank account
- Be a resident of a Supporting Country- Germany, Austria, Sweden, Norway, Spain, Belgium, Finland, Lichtenstein, Poland, Switzerland, Denmark, Luxembourg, France, Portugal, Greece, Slovenia, The Netherlands, Iceland, Slovakia, and Ireland
- Have a compatible smartphone
- Not have an existing account with N26
- Have a supported proof of identification
- Be able to verify in any one of the N26 Bank-supported languages, which are German, French, Italian, or Spanish.
Documents Required
N26 Bank Germany does not have an exhaustive list of mandatory documents. As N26 Standard Bank is an online account, students need to furnish only a valid ID and a few additional documents. Here are the required documents:
- Passport
- Student Visa
- Proof of enrolment in a German university
Also Read: What Do You Need To Open A Bank Account?
N26 Bank Germany Account Opening Fee
There is no account opening fee for N26 Standard Bank Account. The bank does not charge any annual or monthly maintenance fees as well. Additionally, students are not required to have minimum deposit amounts in their N26 Standard Account. However, if any student has an account balance of more than EUR 50,000, the bank charges 0.5% per annum on an amount exceeding this value.
Whereas, N26 Bank Germany charges a monthly fee for N26 You, Metal Premium, and Smart accounts. Students must consult bank officials to know about the charges.
FAQs
Ans. Yes, an Indian student can open an account with N26 Bank Germany online via the mobile banking app of this European financial institution.
Ans. An overseas student has to produce only a Valid ID proof like a passport to open a bank account.
Ans. N26 Bank does not charge any money for opening a N26 Standard bank account. Additionally, there is no monthly or yearly maintenance fee for this account type.
Stay in touch with Fly Finance to avail yourself of study abroad loans, international money transfers, and international student account services. Connect with our experts at 180 572 126 to opt for any of these financial services.
