INSUBCONTINENT EXCLUSIVE:
Fintech startup N26 recently launched in the U.K
with a single product offering
You could sign up to a free account that gives you free payments around the world, but no insurance and no free withdrawals in foreign
currencies.The company just added a second tier to its lineup in the U.K
And N26 is choosing to focus on N26 Metal in the U.K
You can now sign up to a Metal account for £14.90 per month (€16.59).In other N26 markets, people can currently subscribe to N26 Black
for €9.90 per month or N26 Metal for €16.90 per month
It’s interesting to see that N26 is using its fresh start in the U.K
to simplify its offering and target premium customers
The startup can still change its mind and launch N26 Black later down the road.Basic customers can pay anywhere in the world without any
The company uses Mastercard’s foreign exchange rates and doesn’t add anything on top
But ATM withdrawals in a foreign currency still cost 1.7 percent of the total amount.Metal customers get the same perks in the U.K
and other European countries, such as foreign ATM withdrawals with no fee, a travel insurance package from Allianz and dedicated customer
support.N26 also provides partner offerings for N26 Metal subscribers
For instance, you can work from a WeWork office for free one day per month
Deals vary from one country to another; British customers get airport lounge access thanks to LoungeKey.Your mileage may vary depending on
your favorite airport, as LoungeKey doesn’t have a lounge in all terminals in all airports around the world
Now let’s see if N26 users outside of the U.K
will get a similar service in the future.
