I’m with Yen. I’ve already lost my interest in N26 and I think I will start looking for a different solution.
2 reasons for this:
- I find them too limiting (Euro zone, Euro zone currency, need of a physical address within Europe)
- They get themselves in trouble with their restriction to Europe which is a real bummer. I’ll explain:
I live in the French West Indies, commonly known as the French Antilles, on the island of St Martin. French overseas territory, French laws, euro currency, French schools, groceries, what have you. YET…we’re not on mainland France and there you have it: N26 only has France on their list of countries, with a +33 prefix for a phone #. We have a different prefix and we’re not on their list of countries. I registered to open an account (took more than their advertised 10 minutes to bypass some of their hurdles); got a fairly quick msg back that they had encountered a ‘snag’ which I can very well imagine:stuck_out_tongue_winking_eye:. A day and a half later and I haven’t heard from them yet.
Digital banks SEEM to be the answer but are NOT really, as they still stick to similar requirements other regular banks have. I thought I had found the answer to my nomadic life but no cigar.
This is truly ridiculous in the 21st century when so many of us are so mobile.
I have not encountered a banking solution yet for those that have no fixed address. I wanted to open this account while I had one but I’m going to travel through SEA for the next few years, not knowing where I’ll end up in the future or IF I’ll ever settle down anywhere. It means that I will not have a fixed address for years to come and I feel that people like me should be able to have a bank that would recognize and accept nomadic activities, therefore offering a broad range of customized solutions (long-term travel insurances, easy money transfers, and accounts in various currencies).
I’m used to dual currency, the US$ and the Euro, on my island, accepted everywhere in the stores; the only exception is the utility bills and the rent that have to be paid in euros. I never have to worry about payments in one or the other currency and I have both as we live on the French side (euro zone) but get paid in US$ (Dutch side). The best of both worlds, except for the digital banks