Feature: Transferwise Borderless N26
Multiple debit cards only allows one card per account only allows one card per account with max. 2 sub-accounts (N26 Spaces)
Debit card top-up transferring with the app. Not with cash. Costs 0.4% – 0.5% Only the first top-up is free, then there’s a 3% fee every time.
account options Only 1 for both personal and business Choice of 3 for personal and single for business
ATM Withdrawal Free to withdraw £/€200 then 2% Three free withdrawals per month then €2 charge per withdrawal.
International Money Transfer
0.4% – 2%
£0.65 fixed fee (varies according to the currency) + currency conversion fee
Converting currencies between accounts : 0.3% – 0.6%
Currency conversion 0.35%-2.85% depending on the currencies involved Free for both card payments and ATM withdrawals
Supports international transfers
supported countries vary with different services having different supported customer countries and destination countries.
Send from 23 countries plus SEPA; Send to over 60 currencies
In EU only, and excludes UK
App language availability
5 languages. Customer support available in English, French, Spanish, German and Italian.
Multi-currency balance multi 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 important for customers outside EU – no funds guarantees. Has a German banking license, important for business customers in the EU.
Interest on savings nil Euro accounts – up to 1.57% protected up to €100,000
Access portals Mobile & desktop Mobile only
Funds top-up methods Bank transfers Cash (DE, IT, AT), bank transfer
Direct debit currencies Multiple EUR & GBP only
Unique features Send money to email address; Offer features like overdrafts, interest on savings accounts and other functions similar to normal banks (Germany & Austria 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.