Are you going on a trip soon and want to avoid bank charges abroad?Finding the best bank for traveling is far from easy. It took me years to finally find a satisfactory service.In this article I draw up
a comparison between N26 and Revolut to help you choose between these two neo-banks
N26 Vs REVOLUT
N26 BANK PROFILE
N26 is a German online bank created in 2013 which wants to expand throughout Europe and reach 18-35 year olds (but of course anyone can register, even if you are 100 years old) . Today, N26 is enjoying great success since it had more than 2 million customers at the start of 2019.
REVOLUT BANK PROFILE
Revolut is an international online bank created in 2014 recognized for its numerous applications at the cutting edge of the latest technologies. It arrived in France in September 2018 and can claim to already have 400,000 customers in France and more than 3 million worldwide.
Comparison of basic offers
| N26 Vs REVOLUT | N26 Standard |
Revolut Standard |
|---|---|---|
| Account management | ✅Free | ✅Free |
| Send card | ✅Free | ✅Free |
| Minimum usage | ✅None | ✅None |
| Card type | MasterCard | MasterCard |
| Payment by card in € | ✅Free | ✅Free |
| Payment by card in foreign currency | ✅Free | ✅Free |
| Withdrawal in € | 5 free withdrawals/month, then €2 per withdrawal | 200€ per month free then 2% |
| Withdrawal in foreign currency | 1.7% of the amount | 200€ per month free then 2% |
| Transfer outside SEPA zone | 0.5-1.5% depending on the country | ✅Free |
| Discovered | Shortly | ❌ |
| Check | ❌ | ❌ |
| Consumer credit | ✅ | ❌ |
| Insurance and assistance | ❌ | ❌ |
| Customer service | Chat via app | Chat via app |
THE BASIC N26 OFFER
- Opening the account and MasterCard are free
- You will be able to withdraw cash in euros for free up to 5 times per month (withdrawals are then charged at 2 euros)
- You will be able to pay by credit card for free and unlimitedly whatever the currency.
For example, if you are in Spain and you withdraw 100 euros from the ATM, N26 will charge you 0 euros, because it does not charge withdrawals in euros (but from the sixth withdrawal of the same month you will be charged 2 euros). On the other hand, if you travel to Sweden or Thailand and you withdraw 100 BATH from the ATM for the latter, N26 will charge you 1.70% in withdrawal fees and you will therefore be charged 101.70 BATH. Once again, bank card payments remain completely free and unlimited, regardless of the currency.
Who is this offer for and is it of real interest?
In my case, this offer does not really suit me, because I am constantly on the road. On the other hand, it may be suitable for those who go on a trip for a few weeks, or even one or two months a year and mainly in Europe. Please note that no real bank currently offers such low foreign currency withdrawals!
THE BASIC REVOLUT OFFER
- Opening a free UK account
- Withdrawal from ATMs free of charge up to €200 per month
- Payments in over 150 currencies at the interbank exchange rate
Revolut bank offers a multi-currency payment system that is really practical when traveling.
Who is this offer for and is it of real interest?
This offer does not suit me either because the withdrawal limit is too low and payments in other currencies still cost money, even if there are no hidden fees.
Read More:- N26 vs Revolut – Which is Better in 2024?