Number26/N26 Mastercard/Account now for Irish Residents

wassie

Thanks for the clarification. Seems to be the similar operation in Germany i.e. no need to make an application and all claims must be processed in 7 days. I assume this is an EU requirement as to the mechanics of the scheme.

https://www.bankliquidation.eu/deposit-guarantee-scheme-of-germany/

Actual specifics on the details can be found on the Entschädigungseinrichtung deutscher Banken (EdB) website - The Compensation Body of German Banks. (Note: needs to be translated).

Hibernicis

https://www.boards.ie/discussion/comment/121913966#Comment_121913966

You are correct that the schemes are very similar. This is the result of considerable efforts to harmonise Deposit Guarantee Schemes across the EU, resulting in the 2014 EU Directive which replaced the previous framework.

Information on the Irish DGS is available here: https://www.depositguarantee.ie/ which lists the legal framework that supports the Irish Deposit Guarantee Scheme as follows:

EU Directive on Deposit Guarantee Schemes (2014/49/EU)

European Union (Deposit Guarantee Schemes) Regulations 2015 (S.I. No. 516 of 2015)

Financial Services (Deposit Guarantee Scheme) Act 2009, as amended

This harmonisation of the schemes was required as part of the internal market and to ensure that they have common principles and operating parameters, however they remain national schemes and so have some differences. Harmonisation was necessary for various reasons, Best/Standard Practice (e.g. 7 day timeline for reimbursement), avoiding unforeseen operational consequences (seeking to harmonise the limit at €100,000 to avoid trans border movements where deposits were chasing higher nationally set limits) etc.

If you are ever really bored there is a CBI document setting out the details of the Risk Based Contributions to the Irish DGS here: https://www.centralbank.ie/docs/default-source/consumer-hub-library/deposit-guarantee-scheme/20161219-risk-based-contributions-to-the-irish-dgs.pdf?sfvrsn=285ea21d_8

Sheep Shagger

https://www.boards.ie/discussion/comment/121889751#Comment_121889751

I moved my savings to them from n26 about a month ago - no issues.

Stewball

https://www.boards.ie/discussion/comment/121919232#Comment_121919232

I signed up last week and made a small deposit to get the ball rolling.

sportsfan90

Has anyone else had trouble opening an account with N26? I tried and failed to open one this week. I uploaded my passport as proof of identification and it said it would take 48hrs to verify my account. I'm a bit flummoxed, if there was an issue with the picture of my passport you'd think it would say that rather than a straight up refusal to give me an account. Also no guidance as to what I did wrong. Very frustrating. Anyone have any ideas?

Below is a copy of the email:

Hey _______,

We’ve reviewed the information you provided and we must inform you that according to our current verification procedures, we’re unable to offer you an N26 bank account at this time.

Thank you for your understanding and your interest in N26.

Kind regards,

Stewball

I just opened a N26 savings account - just wondering if my direct debits etc will take from the savings if there isn't enough money in my current account?

I noticed they've got different acc numbers/IBANs so I'm guessing it won't, but just want to be sure.

wassie

No. From their support page:

https://support.n26.com/en-es/payments-transfers-and-withdrawals/direct-debits-and-standing-orders/will-my-direct-debit-go-through-if-im-low-on-funds?flags=noscript

If your balance can’t cover a direct debit when it’s due, it’ll bounce and you’ll be charged a €3 fee....

IBANs for Spaces: If you have assigned an IBAN to a Space and you do not have enough funds to cover an outgoing direct debit, the direct debit will bounce and you’ll be charged a €3 fee from your main account.

peteb2

https://www.boards.ie/discussion/comment/121942613#Comment_121942613

But they will notify you that day and say the direct debit has failed but you have until 6pm that day to lodge fund to the main account or whatever space you are using. Which would give you plenty of time to move money from savings to current,

StaticNoise

N26 is now offering Joint Accounts in Ireland.

If you're a customer, go to the Finances tab in the app, scroll down to Add More, and you'll see Joint Account as an option. You then select another N26 user from your contacts, or you can invite someone. Otherwise, you can sign up online. There are no fees for N26 customers for a joint account.

MercuryBoy

If anyone needs a referral code for N26 ping me!

lightspeed

Can anybody advise how they got their address verified?

I'm trying to set up an account for my Dad and it keeps saying the address we provided and that of proof of address is different.

I tried electric Ireland bill and a bank statement from his revolut account but it won't accept it.

There support is useless that just keep saying to change the address so it's the same but the format of the address is fixed on their and cant be changed. So unless I fraudulently photoshop the address on the proof I'm providing it will never match line by line.

The support even closed the account without our request suggesting to set it up again but nothing works.

I even tried entering the street address in postcode field so it would match exact layout of the bill but this still didn't work.

How on earth did anybody ever get past this step to create an account?

Hibernicis

https://www.boards.ie/discussion/comment/122008795#Comment_122008795

The system kept reformatting my address automatically, putting the house number at the end of the line and generally into a format I knew would never get delivered. I contacted their support saying that there was a bug in the system and could they please input the address and gave them the exact format I wanted. They had to contact their IT department to do this. Had to go through the same nonsense when I changed address. Suggest you contact them and tell them the exact format you want. And once that’s done redo the verification.

Qrt

I went through this the first time I signed up. I signed up in my regular name, not my full legal name. ID verified after a couple of days, address verification just wasn’t happening. In the end I asked them to reset my application, applied under full legal name, account open in a few hours.

flazio

N6 are German and I think they are trying to use the German address system.

Qrt

https://www.boards.ie/discussion/comment/122012137#Comment_122012137

exactly, my address reads

Firstname Lastname

Streetname #

D01A1B2 Dublin

You can make it out, but I’d be reluctant to get a card off them.

Hibernicis

https://www.boards.ie/discussion/comment/122012137#Comment_122012137

Correct. Which would be just perfect in their German branch. But which is inappropriate and unworkable for their Irish business.

Quackster

https://www.boards.ie/discussion/comment/122012428#Comment_122012428

I have my address with them in this format (street followed by house number) and it's never been an issue in getting cards delivered. I mean, once the Eircode is correct, there should be no issues in that regard.

bennyx_o

Likewise, have been with N26 almost 10 years and have had no issue with cards etc delivered from them.

wassie

Ive encountered this with every financial service I use that has its HQ on the EU mainland. Its not a bug, its just that Irish address formats typically are not compatible with their own address formats when they develop their systems. As @Hibernicis notes, their software developers can make small changes to accommodate this, but getting them to sort out a few customers is a hard sell.

Part of this is a legacy issue thanks to Ireland never having a formalised address system until Eircode system in 2015 (Ireland was the last country to create a post code system in the OECD). For example, many addresses outside of towns & cities don't have a house number, yet often address systems require one. Generally I just use '0' or '.' and that seems to work.

Sheep Shagger

Joint accounts have arrived at N26.

gabbo is coming

I was just on to n26. Asked if yoi needed to move money to a space to get the interest on metal

You do, need to set up instant savings and move it there

They also said you won't see the option to do that, under finances, unless you're a german address holder

But that'd no true, I have the option.

So sorted

Mimikyu

I’m currently testing out the joint account and having some problems with my Apple Pay payments. I’m in the Canaries at the moment (if that matters) and I’d say 60/70% of transactions are being declined.

Started on the Aer Lingus flight with the terminal asking for a PIN, I had read of some issues with Revolut on Ryanair flights so didn’t think anything of it but since getting over here I haven’t been having a great experience. Revolut seems to work fine.

Anyone else notice similar issues? I know it’s not a local thing as Revolut through Apple Pay has always worked fine over here.

Qrt

https://www.boards.ie/discussion/comment/122036839#Comment_122036839

Flights are always weird ones, I tried to use my BOI CC via Apple Pay and it was declined, physical card didn’t work with contactless (completely dead) but PIN worked OK. Maybe do a support chat and see if there are any attempted TXs.

Yggr of Asgard

If you have a N26 Mastercard you might be able to participate in a current Mastercard Cashback offer to get 10% cashback (max 5€ per transaction) for up to 25€ cashback in total.

You need to have a VPN set to Germany to register via

https://www.priceless.com/m/shopping/product/182818/mastercard-bonus

All it requires is your Mastercard Number and an e-mail. While it strictly says you need to be a German resident, my German Lufthansa Mastercard got me cashback, so N26 might work too.

The link will only work with a German IP address, otherwise you will be redirected to the general page, so make sure to have a VPN active for the registration. No need for it while shopping.

However, on a similar offer a while ago, Mastercard suffered a data breach of the e-mail addresses and even got a significant fine from the German authorities, so you might want to use a disposable e-mail address!

Maybe someone tries it out and if it works the rest can enjoy it?

All my n26 card numbers were accepted. Did a few transactions today so if it works should see the money in a few days

wassie

Thanks for the headsup @Yggr of Asgard.

Easy money if it works!

user1842

https://www.boards.ie/discussion/comment/122045127#Comment_122045127

It was not just your email address but the data breach revealed information such as names, payment card numbers, email addresses, home addresses, phone numbers, gender and dates of birth. Nothing was hashed.

Be very, very, careful with your data with them.

First couple lots of cashback landed into my account yesterday.

lordsheepface

https://www.boards.ie/discussion/comment/122045127#Comment_122045127

This works.

wassie

Loving free money!!

blade1

Just signed up. Thanks Yggr.

Does it expire at some stage?

Bummer1234

https://www.boards.ie/discussion/comment/122064639#Comment_122064639

Ends on the 30th of June I think.

blade1

https://www.boards.ie/discussion/comment/122064670#Comment_122064670

Thanks and when you receive a total of €25 back that's it?

Yggr of Asgard

Once you hit 25€ cashback there is no more cashback on the card even if there is time left until the 30th of June.

It's a maximum of 25€ per card with 5€ maximum per transaction, so if you spend more than 50€ online, you still get 5€ which is nice and different to what Visa Cashback does.

However, there is a sentence in the T&C that says "so lange Vorrat reicht" which is sort of, as long as our marketing budget allows us. So, they might stop it early (or stop new registrations) once they notice that there is too much take-up.

Also remember, this is for online payments only, not point of sale or Apple/Google in store. Apple/Google on web sites or Paypal (goods not friends) also seem to work.

Plus, the online store does not need to be in the EU, it can be amazon.co.uk for example too.

blade1

https://www.boards.ie/discussion/comment/122064732#Comment_122064732

Thanks that Clears it up fully 👍

Btw what visa cashback offers are going on?

Yggr of Asgard

https://www.boards.ie/discussion/comment/122064800#Comment_122064800

For Visa, none at the moment afaik, the last one just ended on the 15th. Visa has regular (every quarter) various cashback offers (not as generous), the last one was 2% on all transactions under 20€.

blade1

https://www.boards.ie/discussion/comment/122064828#Comment_122064828

cheers for that

baldbear

Is I t easy to move to N26?

Just got a letter from tsb of a increase from €18-€24 a quarter so just wondering is it hassle to switch over. Mortgage etc

Quackster

https://www.boards.ie/discussion/comment/122064732#Comment_122064732

I can confirm it's working via Curve for both online and POS transactions. All Curve transactions on N26 are labelled as online transactions.

Just checked and the rest of the cashback cleared today. Easiest 75 I've made in a while

wassie

https://www.boards.ie/discussion/comment/122068775#Comment_122068775

Its easy enough, but as its a German bank, some service providers (particularly utilities like energy and mobile/broadband companies) make it difficult to setup direct debits as their systems dont accept non-Irish IBANs. Legally they have to accept and you may have to end up going through a manual process via their customer support.

Sheep Shagger

https://www.boards.ie/discussion/comment/122068775#Comment_122068775

We switched our joint account from PTSB but went with Revolut basically because they have an Irish IBAN. If having a DE one doesn't worry you then go with n26.

Downloaded the various direct debit mandates for insurance and mortgage etc and posted them to the various companies and the new DDs came from the new bank account. Have never looked back

quasi1

https://www.boards.ie/discussion/comment/122045127#Comment_122045127

Thanks for this, thought I'd give it a go with my revolut issued MasterCard debit card and it was accepted on the sign up page.

Not hopeful as I see in the T&Cs the card should be issued in Germany but let's see!

blade1

https://www.boards.ie/discussion/comment/122064639#Comment_122064639

Only bought 1 item online Sunday at €30.41.

Today I received 95c cashback.

Can anyone explain what's that about?

Yggr of Asgard

https://www.boards.ie/discussion/comment/122082080#Comment_122082080

Well now it's going to close that loophole which a lot of us used combined with virtual cards because someone is going to go post this into the Revolut Megathread and ruin the party!

Yggr of Asgard

https://www.boards.ie/discussion/comment/122082180#Comment_122082180

I would say you did get cashback on some other transaction of around 9.50€ that might have been caught as valid for this.

2 days is way to fast for it to be a the cashback on 30.41€.

blade1

https://www.boards.ie/discussion/comment/122082255#Comment_122082255

There's hope so 👍

Looking back there was 1 transaction of 9.54 on the 24th.

I didn't sign up until the 26th so looks like they paid out on that 🤔

I'll take it!

There was another transaction of €434.00 on the same day.

No fear they'll throw me a few quid for that.

https://www.boards.ie/discussion/comment/122036839#Comment_122036839

Make sure that you have GPS enabled for the N26 App and also this applies to Revolut even more so. They match the GPS location with the transaction.

If you have the GPS settings to "only when using app" rather than "always" you get declined transactions when you use the card…

gabbo is coming

The AML checks on a new account take forever, going on four days now....

Yggr of Asgard

https://www.boards.ie/discussion/comment/122084091#Comment_122084091

They are still under supervision of a special administrator of the German Regulator because they did not do proper AML checks in the past, so now they are paying extra attention to avoid another fine or more sanctions.