Number26/N26 Mastercard/Account now for Irish Residents

gawker

I've being using my account for around 2 weeks now, and enjoying it. So far, a summary would be:

Pros:
-signup procedure was great, from application to card in post box within 5 days
-the app (I use Android) is really enjoyable to use, which is odd to say for a banking app. It's very well designed, and easily accessible. My PTSB app required me to input three codes each time I wanted to log in. Number26 is so much more user friendly.
-the way the app categorises you spend and breaks it up nicely ina pie chart is a great feature, although it makes me feel guily about the amount of food and drinks spend on my account
-no foreign exchange charges! I went to Sweden with my OH for new year and this saved me a nice sum of cash over that week
-real-time notifications - I thought these might be annoying, but it's weirdly nice to get live notifications of your spend.

Cons:
-No cash-back - I'm happy to use my card all the time, but some businesses aren't unfortunately. As such, I need to make sure to have €50 in the wallet in case of emergency
-It's a credit card, not a debit card. In effect, it's a debit card as you can't go into credit, but systems pick the card up as a credit card so as well as no cashback, some places will set a higher minimum charge and some online stores might charge a little more for using a CC
-Cash deposits - they're impossible to do. I'm selling a bike and would love to put that cash into my account, but will have to do so via my PTSB account. Bit of a pain.

Overall the experience has been very good so far. I know Number26 are going to keep improving too, so am patient about any of the current downsides. I'm going to keep my pay and bills etc. in my PTSB account, and transfer my "spending money" across to my Number26 account monthly and use this card on a daily basis.

neonman

I am looking to get a new bank account myself as I am fed up with all the bank charges with BOI who I have been with since I opened my first ever bank account.

I love the idea of the notifications you get for spending as this is something I was trying to look up on the BOI site to see if the supported it as I thought it was a no brainer and a great feature to know what has just come out of your bank account or even better what has just gone in :-)

Has anybody on here move their full bank account over including wages and all debits/standing orders?? How are you finding it?

And do you know if they support joint bank accounts??

Thanks in advance

ceroc81

neonman wrote: »

I am looking to get a new bank account myself as I am fed up with all the bank charges with BOI who I have been with since I opened my first ever bank account.

I love the idea of the notifications you get for spending as this is something I was trying to look up on the BOI site to see if the supported it as I thought it was a no brainer and a great feature to know what has just come out of your bank account or even better what has just gone in :-)

Has anybody on here move their full bank account over including wages and all debits/standing orders?? How are you finding it?

And do you know if they support joint bank accounts??

Thanks in advance

I'm using Number26 as my main bank and haven't had any problems with the card, or the instant notification. Haven't had to use their support yet so will see how that goes when it happens.

Direct Debit is going to be a bit of a struggle depending which companies your are currently using, see this thread for some info http://www.boards.ie/vbulletin/showthread.php?t=2057540573

Joint accounts is currently not supported - https://number26.eu/support/can-open-shared-account-number26/

neonman

I'll probably go ahead and get an account with them and then keep an eye on the DD side of things and as more come on board then switch them over along with my wages.

ahbell

gawker wrote: »

I've being using my account for around 2 weeks now, and enjoying it. So far, a summary would be:

Pros:
-signup procedure was great, from application to card in post box within 5 days
-the app (I use Android) is really enjoyable to use, which is odd to say for a banking app. It's very well designed, and easily accessible. My PTSB app required me to input three codes each time I wanted to log in. Number26 is so much more user friendly.
-the way the app categorises you spend and breaks it up nicely ina pie chart is a great feature, although it makes me feel guily about the amount of food and drinks spend on my account
-no foreign exchange charges! I went to Sweden with my OH for new year and this saved me a nice sum of cash over that week
-real-time notifications - I thought these might be annoying, but it's weirdly nice to get live notifications of your spend.

Cons:
-No cash-back - I'm happy to use my card all the time, but some businesses aren't unfortunately. As such, I need to make sure to have €50 in the wallet in case of emergency
-It's a credit card, not a debit card. In effect, it's a debit card as you can't go into credit, but systems pick the card up as a credit card so as well as no cashback, some places will set a higher minimum charge and some online stores might charge a little more for using a CC
-Cash deposits - they're impossible to do. I'm selling a bike and would love to put that cash into my account, but will have to do so via my PTSB account. Bit of a pain.

Overall the experience has been very good so far. I know Number26 are going to keep improving too, so am patient about any of the current downsides. I'm going to keep my pay and bills etc. in my PTSB account, and transfer my "spending money" across to my Number26 account monthly and use this card on a daily basis.

I was a bit worried about it being essentially a credit card, as I fly a lot with Ryanair and didnt want to end up having to pay the extra few euro every time to use a credit card, but glad to report I used it today to book a flight, selected the Mastercard Debit option and wasn't charged any extra.

Only problem I'm having is my company payroll still use account number and sort code so are unable to process the German bank account number, meaning I need to keep my PTSB account. Conscious this is againt SEPA regulation, but don't want to kick up a stink at work.

Yggr of Asgard

ahbell wrote: »

I was a bit worried about it being essentially a credit card, as I fly a lot with Ryanair and didnt want to end up having to pay the extra few euro every time to use a credit card, but glad to report I used it today to book a flight, selected the Mastercard Debit option and wasn't charged any extra.

So in German Forums there is news/speculation that the "credit card" is now a "debit card" and that what they might do is move the "51733" block over to debit.

That would explain the behavior you experienced.

dolallyoh

Tried my card using nfc in mcdonalds today for 7 Euro but it said "bank refused". Worked ok when inserted into the reader.

Fred Swanson

This post has been deleted.

pasquale83

Yggr of Asgard wrote: »

So in German Forums there is news/speculation that the "credit card" is now a "debit card" and that what they might do is move the "51733" block over to debit.

That would explain the behavior you experienced.

What is a 51733 block? Thanks.

Fred Swanson

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dolallyoh

Fred Swanson wrote: »

This post has been deleted.

Been used about 5 times already for chip and pin, eg paying for petrol and groceries.

Yggr of Asgard

And now it's official, the card is now a debit card:

https://number26.eu/support/kind-card-number26-mastercard/

Now the question is how long it will take to phase through the various payment systems, would be great because one could combine it with revolut (where it's still classed as credit card right now).

ceroc81

Yggr of Asgard wrote: »

And now it's official, the card is now a debit card:

https://number26.eu/support/kind-card-number26-mastercard/

Now the question is how long it will take to phase through the various payment systems, would be great because one could combine it with revolut (where it's still classed as credit card right now).

I find BIN classification confusing, right now depending on which BIN database (online) I use it turns up as either as Credit or Debit.

Now that Number26 want the card to be classified as Debit is that something that Number26 will announce and give to each BIN database company or how does it work in practice?

And then I assume that each company using these databases need to pickup the changes so how long time would expect this to be propagate to be accepted in most companies as a Debit card?

From Number26 point of view what will that mean for them? Does it mean that they will get payed less since the debit fee is less than the credit?

Yggr of Asgard

ceroc81 wrote: »

I find BIN classification confusing, right now depending on which BIN database (online) I use it turns up as either as Credit or Debit.

Now that Number26 want the card to be classified as Debit is that something that Number26 will announce and give to each BIN database company or how does it work in practice?

And then I assume that each company using these databases need to pickup the changes so how long time would expect this to be propagate to be accepted in most companies as a Debit card?

From Number26 point of view what will that mean for them? Does it mean that they will get payed less since the debit fee is less than the credit?

For Number26 that means less interchange fee (0.2% instead of 0.3%) which questions the whole business model that all of these providers have that rely on interchange fees for their charges.

BIN bases on the internet are often wrong I find.

As to how long it takes, it depends on the acquirer of the transaction if I understand it correctly.

I'm sure someone here can explain it better and give you time lines.

ahbell

I wonder if this change to a debit card means cashback will be available?

elmoslats

dolallyoh wrote: »

Been used about 5 times already for chip and pin, eg paying for petrol and groceries.

I think you can only do contactless three times in a row before you need to do chip and pin.

dolallyoh

elmoslats wrote: »

I think you can only do contactless three times in a row before you need to do chip and pin.

Clarify: I have done chip and pin 5 times - contactless doesn't work.

gawker

dolallyoh wrote: »

Been used about 5 times already for chip and pin, eg paying for petrol and groceries.

I think I read it had to be used at an ATM first - or maybe I'm dreaming it up. Might be worth a shot.

ceroc81

gawker wrote: »

I think I read it had to be used at an ATM first - or maybe I'm dreaming it up. Might be worth a shot.

Pretty sure that is it, its to get the ATM to write/sync the online PIN to the chip so it can be used for offline validation.

gawker

I was on to N26 trying to clarify whether the card is a debit or credit on systems, and whether or not cashback will become available.

Despite me being in Ireland, I was referred to their Germany-only Cash26 service. I tried to clarify further, and was told the card is still a credit card. Very confusing. I think they need work on their customer service to be honest, as the conversation didn't leave me feeling a lot of confidence in the customer service person's product knowledge, or knowledge of bank accounts in Ireland.

blade1

Will there be stamp duty on this card?
If so how much?

Polo_Mint

Signed up today, Quick and easy. just used my passport. As soon as i get my card i will use this account for daily spending money

TempAc

gawker wrote: »

I was on to N26 trying to clarify whether the card is a debit or credit on systems, and whether or not cashback will become available.

This actually depends on how a company enters the transaction. Some places enter cashback as a seperate line item, whereas some may add the cashback to the total.

If they just add the cashback to the total then you can get cash back with a number 26 card or indeed any credit card without it showing up as cashback.

Of course this entirely depends on the merchants policy in that regard.

GreatDefector

Does anyone here use this account for their wages?
If so, did it impact on their pay day? If I get paid on say 23rd of each month should I still expect that?

Payroll is done right now from/to an Irish account. Concerned that it will shift pay day by a couple of days and I have timed DD's and payments at the moment

Charles Daarrwin

Hi guys
I opened a number26 account recently.
How do I lodge money to it?
My current account is with aib 😈

Fred Swanson

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bertie4evr

Fred Swanson wrote: »

This post has been deleted.

Is there any way to save details of an International Transfer with AIB? I can do it for payments to other Irish accounts, but having to enter the IBAN and use a card reader every time I want to transfer is a pain.

inel

dolallyoh wrote: »

Clarify: I have done chip and pin 5 times - contactless doesn't work.

The same happens to me when I try to make contactless payment in Aldi stores. It simply doesn't work..

In other stores I haven't experienced any problem so far.

ahbell

Contactless works fine for me.

Alun

bertie4evr wrote: »

Is there any way to save details of an International Transfer with AIB? I can do it for payments to other Irish accounts, but having to enter the IBAN and use a card reader every time I want to transfer is a pain.

You can't, yet. There have been requests on AIB's Talk to... forum to implement it and they seem open to the idea so who knows.

What you can do though is to reuse the details of old international transactions. If you go into "Pay & Transfer" > "Payment History" you'll see a small number of recent transactions, if you've recently made a payment to that account it'll be there and you just hit the "Reuse" button, change the amount and any other details and away you go.

If the transaction isn't in the most recent list, hit the search button (magnifying glass), select a date range and "SEPA Payment" from the drop down list under "Payment Type", and it should appear then, also with the Reuse button.

You'll still need to use the card reader to authenticate every transfer though, no getting away from that I'm afraid.

dolallyoh

inel wrote: »

The same happens to me when I try to make contactless payment in Aldi stores. It simply doesn't work..

In other stores I haven't experienced any problem so far.

Update: Turns out the Mcd - contactless never works. Worked ok in Woodies.

inel

So the list of stores where the N26 contactless payment doesn't work includes ALDI, McDonalds.

Anybody else having tried one of the above stores?

Fred Swanson

This post has been deleted.

Polo_Mint

How long did it take you guys to receive your card?

BrookieD

So i spotted this a few days back and have decided to open an account this morning. Was able to add my details via the app on the iphone and had a video verification chat at 7:20 - job done. Very impressed so far.

My plan with this is as follows
Firstly move a set figure per month from my current account into Number26, over the next fews months I will move my DD's into Number 26 while at the same time increasing the monies I transfer to accomodate the new DD
so If i move €500 into the new account monthly and I have a BT sub for €21 a move I then move 521 into the new account and let it grow monthly.

Once all DD's are move the current account is in the black I "May" close it. Its in the black most months but like others on occaions I dip into an overdraft but I want to kill that approach.

One thing I like with the Number26 approach is the control on spending, I find it all too easy to speand a few quid here and there and then at the end of the month I am scratching my head as to where my money went.

I plan on now giving myself a €75 a month play budget - move that onto my Revolut card and only use this for adhoc minor purchase. I will put a temp block on my Number26 card for online and ATM usage and that will make me not use the main funds.

The end result I hope is more bloody money at the end of the month. I know I can do this as I have been saving like a nut for a major Australia vaciont in June so I will apply the same to this approach.

All good so far and will be blogging my experience with Number26 over at http://diaryofaworkingdad.eu if anyone is interested. Card on the way today and will update when i get it in the post.

mackerski

inel wrote: »

So the list of stores where the N26 contactless payment doesn't work includes ALDI, McDonalds.

Anybody else having tried one of the above stores?

The first place I tried to use contactless was McDonald's in the Blanchardstown Centre. It failed twice and I ended up paying with PIN. I had prior to that attempt drawn money from an ATM and had multiple point of sale transactions by PIN.

Since that failure I have successfully used contactless in McDonald's a few times (a different branch), at a vending machine in France and a few other places. Not yet in Aldi.

blade1

Polo_Mint wrote: »

How long did it take you guys to receive your card?

Mine arrived on the 6th working day.

bertie4evr

Polo_Mint wrote: »

How long did it take you guys to receive your card?

Five working days for me.

Polo_Mint

So Maybe when I get home

Yggr of Asgard

Stamp duty applies (and the full 30€ Credit Card Stamp Duty).

They have send out a mail about the new AGB and according to a German Twitter/Facebook posting the new AGB include this.

German Tweet:

https://twitter.com/number26/status/690557948431634433

I have looked through both German and English AGB but I can not find a reference, so I send a mail to support with the request to clarify.

Yggr of Asgard

And now I found the reference, it's not in the AGB it's in the Pricelist:

https://number26.eu/wp-content/uploads/2015/07/NNUMBER26-Pricing-List.pdf

Please note if you are Irish resident: Government Stamp Duty of €30 p.a. applies.

That is incredible, as it's now a debit card (according to their support pages) this should not apply.

They also have updated their support pages about charges:

https://number26.eu/support/really-costs/

Please note that customers residing in Ireland are liable for a stamp duty fee of 30 € per year for the MasterCard, charged by the Irish Revenue Service. This fee will be collected once a year.

I'm moving off, 30€ is not worth the benefits that number26 is giving over my DKB account.

soirish

Yggr of Asgard wrote: »

I'm moving off, 30€ is not worth the benefits that number26 is giving over my DKB account.

€30 is too much, how do you plan to close your account since N26 support is non-existent?

How to sign up for a DKB account?

And their website is built with Wordpress which is really shocking for a fully online bank.

http://number26.eu/WP/wp-login.php

murphaph

I doubt number 26 introduced the charge off their own bat. They clearly got a letter from Revenue. Might just be a matter of time before DKB get one too. I wonder what legal basis there is for this sort of charge.

blade1

soirish wrote: »

€30 is too much, how do you plan to close your account since N26 support is non-existent?

Ah well, it was fun while it lasted.
Cancel it in your account it says here
https://number26.eu/support/can-close-number26-account/

Delta2113

It's not a credit card - surely this can't be right - no way I'm paying €30. Just transferred remaining balance out to PTSB.

Actually I tried using the card with Three Mobile and it would not accept it but then I got notification's that I was charged €1 twice. Will wait 10 days and hopefully I get it back.

Good luck to them trying to get the €30 - still find this hard to believe but I'm going to play it safe.

Delta2113

Really getting angry over this - they should be e-mailing customers and advising them how to cancel and I don't expect these people having to pay because they never got advised about this charge and remember in no way is it an actual credit card in how it operates.

What next revolut will want €30? - revenue or number26 or both have really messed up here big time.

Allyall

When do the charges come into effect?

Fred Swanson

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Delta2113

No it's the 1st April.

Fred Swanson

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