Two of the most popular and successful new online banking services are Transferwise and N26. In many respects, they offer similar features, since N26 uses TransferWise for their customers’ international money transfers.  N26 now has nearly 6 million users, and Transferwise is the leading UK-based bank with more than 9 million users who conduct over £4 billion in transfers each month as reported in the last quarter of 2020, putting both on the fast growth track.

One important difference is for residents of the UK. N26 has decided to pull out of that market, concentrating on Europe and growing into the US. So if you are looking for a bank to handle your finance, how to decide between Transferwise vs N26 should take this into account. We are here to help you make the right decision based on your own needs.

Before dealing with the advantages of choosing either Transferwise or N26, consider the following table of features of N26 vs Transferwise showing common features and main differences as we summarize here:

Revolut difference:
n26 difference:
Multiple debit cards
options for multiple debit cards for each account - besides the physical card, you can create up to 5 virtual cards
only allows one card per account with max. 2 sub-accounts (N26 Spaces)
Account top-up charges
Free by linking the main bank's debit card to the Revolut account and transferring with the app. Also can lodge money by a regular bank transfer from another account using IBAN and BIC.
Only the first top-up is free, then there's a 3% fee every time.
account options
Choice of 3 levels (Standard, Metal, Premium)
Choice of 3
ATM Withdrawal
Free to withdraw €200 a month then a 2% fee per withdrawal
Three free withdrawals per month then €2 charge per withdrawal.
Access to cryptocurrencies
Supports Bitcoin and cryptocurrency
Supports international transfers
Transfer to 29 currencies with a 0.5% fee for anything above £5000 each month plus a flat markup on weekends and in certain currencies
Only via Transferwise - 0.35% - 2.85% depending on the currency
Commission on card transactions in a foreign currency up to two percent of the amount spent nil
Commission on card transactions in a foreign currency up to two percent of the amount spent nil
Type of debit card
offers both Mastercard and Visa
only offers Mastercard
Transferring money to other accounts
to other accounts in the same country is free. 50 cent fee for non-euro transfers e.g. sending sterling to a bank in the UK.
Free up to a limit of €1,000 a month - after that 0.5% fee.
Exchange conversion rates
Uses Interbank exchange rate with a 1% markup at weekends
applies the Mastercard exchange rate at all times
App language availability
20 languages. Customer support available in English and Polish
5 languages. Customer support available in English, French, Spanish, German and Italian.
Multi-currency balance
24 currencies
GBP or EUR only
Withdrawing cash abroad
withdraw the equivalent of €200 a month free, then 2% fee
Charges a 1.7% fee
Banking license advantages
has a UK banking license, important for business customers in Great Britain.
Has a German banking license, important for business customers in the EU.
Unique features
Can set up recurring payments and direct debit payments to pay for your bills or purchases
Offer features like overdrafts, interest on savings accounts and other functions similar to normal banks (Germany & Austria only)
Interest on savings
UK accounts only - 1.35% protected by FSCS up to £85,000 Euro
accounts - up to 1.57% protected up to €100,000
Access portals
Mobile only
Mobile and desktop
Funds top-up methods
Bank transfers, debit/credit card top-up
Cash (DE, IT, AT), bank transfer
Direct debit currencies
EUR only

Overall, there is no clear winner in the competition of Transferwise vs. N26. Each one has shared general features that are basic to everyone’s requirements, and both are good choices. Making the difference would be things that are particular to your own specific requirements.

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