N26 is keeping its three-tier system with a free basic bank account, a premium account (N26 You) and a super premium account (N26 Metal). With N26’s free plan, you can pay anywhere in the world without any foreign transaction fee, but there’s a 1.7% markup on ATM withdrawals in a foreign currency.
N26 You costs the same price as the previous premium plan N26 Black, €9.90 in the Eurozone and £4.90 in the U.K. In addition to a travel and purchase insurance package, you can withdraw money without any foreign transaction fee (€9.90 is roughly what you’d pay in fees if you withdraw the equivalent of €580 with a free N26 account).
You also can create up to 10 Spaces to organize your money with savings goals, separate sub-accounts and more — free accounts can only create two Spaces.
And, of course, you get a better-looking card. N26 is reusing its pastel color palette to give you more options. You can now choose between five colors — Aqua, Rhubarb, Sand, Slate and Ocean. The card has a minimal design with a tiny N26 logo in the top-left corner, a transparent line at the bottom of the card and a solid color background.
N26 also plans to add perks to the N26 You plan, such as discounts on Hotels.com, WeWork, GetYourGuide, Babbel, Blinkist and Bloom & Wild. Those perks were limited to N26 Metal customers in the past, so it’s going to be interesting to see how the lineup will work once those perks are added to N26 You. If you’re an existing N26 Black customer, you automatically become an N26 You customer.
Changing N26 Black to a premium plan with multiple card designs might seem like a small detail, but it potentially opens up a lot of possibilities. You’ll soon be able to order an additional card.
Eventually, you could imagine having a blue card associated with your main account and a yellow card associated with a shared Space sub-account, for instance. At least, that’s what I hope the company will do.