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      <p>
        N26, a Berlin-based neobank serving B2B and B2C segments, has introduced joint accounts available through its app for individual customers. It is available for all membership tiers.
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      <p>
        This new account aims to simplify managing personal and shared finances by allowing users to track expenses and provides legal ownership for both parties and a unique IBAN (International Bank Account Number) for each account.&nbsp;
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      <p>
        The joint account feature will be available to customers in 21 markets, including Austria, Belgium, Denmark, Greece, Ireland, and Lithuania.
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  <p>
    <a href="https://thefintechtimes.com/n26-launches-joint-accounts-to-help-customers-build-healthy-financial-habits-together/">
      The Fintech Times
    </a>
  </p>
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Neobanks

PROMINENT_CATEGORY

<div>
 
 <p>N26, a neobank based in Berlin, has launched joint accounts available to its individual customers through its app. The feature is accessible for all membership tiers. </p>
 <p>The joint account is aimed to make management of personal and shared finances easier for users. It allows them to track expenses, gives legal ownership to both parties involved, and assigns a unique International Bank Account Number (IBAN) to each account.</p>
 <p>Customers in 21 markets, including countries like Austria, Belgium, Denmark, Greece, Ireland, and Lithuania have access to this joint account feature. </p>
 
</div>

N26 launches joint account feature across 21 markets

ANALYST_QUICK_TAKE

<div>
 
 <p>The Berlin-based neobank, N26, has introduced a trading platform for stocks and ETFs, which is now available to their German clients.</p>
 <p>Accessible via the N26 mobile app, customers are provided with the ease to trade US and European stocks and ETFs at a cost of EUR 0.90 (approximately USD 1.09) per trade. Nonetheless, individuals with premium memberships are granted free trading services.</p>
 
</div> <p><b>Analyst QuickTake:<br>
</b> The platform was first launched in Austria in <a href="https:<br>
//sp-edge.com/updates/25658"> January 2024 </a> and was developed in partnership with <a href="https:<br>
//sp-edge.com/updates/24499"> Upvest </a> .</p>

N26 launches stocks and ETFs trading platform in Germany

<div>

 <p>N26, a Berlin-based neobank, has launched Instant Savings accounts in 13 European countries such as Austria, Belgium, Estonia, Finland, Greece, and Ireland. These accounts can be easily opened via the N26 app.</p>
 <p>Notable features of these accounts include the capability to transfer funds between the Main and Instant Savings account. Users can accumulate interest daily on their account balances, with these interest payments being made at the beginning of each following month.</p>
 <p>The interest rate is determined by the subscription plan. For instance, N26 Metal customers will earn 4% interest per annum, while N26 Smart and You or free standard account holders will earn 2.8% interest per annum on their deposits.</p>

</div>

N26 launches Instant Savings accounts in 13 European countries

<div>
 <p>Berlin-based neobank, N26, has launched a new stock and ETF trading product in partnership with Upvest. Initially available to select customers in Austria, the product will soon be expanded to other countries, starting with Germany. Accessible through the N26 mobile app, the trading platform allows customers to buy and sell US and European stocks and ETFs at EUR 0.90 per trade. Premium memberships will include free trades, and users can also invest on a recurring basis through fee-free Savings Plans.</p>
 <p>Currently, N26 has over eight million customers, processing more than EUR 100 billion in transactions annually.</p>
</div>

N26 launches stock and ETF trading product with Upvest

<div>
 
 <p>Berlin-based neobank N26 has collaborated with Upvest, a digital infrastructure process provider, to introduce a new trading platform for stocks and ETFs through the N26 app in 2024. Upvest will ensure a compliant investment infrastructure tailor-suited to N26's needs by offering licenses for securities, brokerage, and custody. Catering to over eight million clients in 24 markets, N26 projects revenue of EUR 300 million in 2023, a rise of over 30%, and expects to achieve monthly profitability by the second half of 2024.</p>
 
</div>

N26 partners with Upvest to launch new investing platform

DISRUPTOR_PRESENT

<div>
 <ul>
  <li><p>N26, a Berlin-based neobank, is closing its Brazil operations on December 07, 2023. The decision is part of the company's strategy to focus on key European markets and minimize losses. N26 had previously stopped operations in the US and UK.</p></li>
  <li><p>In 2020, N26 had announced its plans to enter the Brazilian market, but had only released a beta version of its app and services to a waitlist of customers this year.</p></li>
  <li><p>The neobank faced challenges in attracting investments for its Brazilian unit and competing against established neobank, Nubank, which had acquired more than 83.7 million customers as of June 2023.</p></li>
 </ul>
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N26 to wind up Brazilian operations in December 2023

Berlin-based neobank N26 has joined forces with Dutch online payment provider, iDeal, to allow customers in the Netherlands to make payments directly through the N26 app. Users can scan a QR code or use payment links on ecommerce platforms to execute peer-to-peer payment requests. N26 will use iDeal's beneficiary details to carry out compliance checks and process the payments, with customers only needing to confirm the transaction within the app. Currently, N26 has 300,000 customers in the Netherlands.

N26 partners with iDeal to provide easy payment option to Dutch customers

N26 lays off 15% of Brazilian workforce

<div>
 <ul>
  <li><p>N26, a Berlin-based neobank serving B2B and B2C segments, has introduced accounts with French International Bank Account Numbers (IBANs) for its customers in France.</p></li>
  <li><p>New users can open French IBAN accounts immediately, while current customers will be given the opportunity to transfer from their existing German IBAN to a French IBAN; this function will be available in the coming weeks.</p></li>
  <li><p>N26 currently serves nearly eight million users across 24 European markets, including France, with 2.5 million customers.</p></li>
 </ul>
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N26, a Berlin-based neobank, has launched French IBAN accounts for its customers in France. New users can open these accounts instantly, while existing customers can transfer from their German IBAN to a French IBAN in the coming weeks. N26 currently serves around 8 million users across 24 European markets with 2.5 million customers in France. <p><b>Analyst QuickTake: </b> There is a growing trend among neobanks to offer local IBANs, addressing the issue of "IBAN discrimination," which prevents individuals from receiving payments or conducting transactions due to the absence of a local IBAN. In April 2023, <a href="https://sp-edge.com/companies/220119"> Revolut </a> started offering its <a href="https://sp-edge.com/updates/17559"> Irish customers local IBANs </a> , who were previously using Lithuanian IBANs.</p>

All Updates