Number26/N26 Mastercard/Account now for Irish Residents

Officer Giggles wrote: »

Am I right in saying they limit you to 5 ATM withdrawals a month, not going to be a problem for me personally but it could be for the missus

Well, you can take out more, but they charge you (I think €2 per)

Officer Giggles wrote: »

Sorry yea I meant 5 withdrawals for free

Avoidable generally with cashback in shops.

TheChizler wrote: »

Avoidable generally with cashback in shops.

Does cashback work?
I'm with N26 from day 1 and never realised that.

knowing nothing about N26, i primarily used Revolut for Sterling transfer rates - amazon purchases etc.

Does N26 have the same benefits as that ? or should i look elsewhere

I use N26 as main card and have got cashback plenty of times.

Wheety wrote: »

What dos the setting 'Payments abroad' relate to? Is home seen as Germany or Ireland?

I had to enable it to top up Revolut, which I think is a UK account?

If you have an Irish account (ie you gave them an Irish address), home is Ireland.

You are probably right and Revolut is charging your card from the UK.

listermint wrote: »

knowing nothing about N26, i primarily used Revolut for Sterling transfer rates - amazon purchases etc.

Does N26 have the same benefits as that ? or should i look elsewhere

I use both. N26 for Android/Apple Pay, and Revolut for all my online purchases. Have never used the physical card in either case.

northdubgal wrote: »

Sorry if this is mentioned in previous posts, but I’m in the process of leaving PTSB and want to see if Social Protection & the Child Benefit section accept the N26 IBAN for payments? I tried ringing both departments on Friday but couldn’t talk to anyone.

I’ve my acc ready to go but if they don’t accept it I’ll switch to EBS instead although I’d prefer to use N26!

Can you change it online? Revenue definitely accept N26 IBAN.

northdubgal wrote: »

Changed it for revenue no prob but for the likes of children’s allowance it has to be in a written letter but have heard they might not accept it.

They will accept it but it will most likely raise flags for why you want welfare payments sent outside the state and there may be questions about your residency etc.. It shouldn't be the case but it is understandable at the same time. Would recommend using EBS as a feeder account.

Everytime this comes up or issues with providers not accepting DE ibans , the blame gets placed on those providers for not following rules that have probably never been questioned. Really the pressure should be put on N26 to have local ghost IBANs similar to what TransferWise do for UK accounts etc..

Bob24 wrote: »

Completely disagree here. SEPA regulation clearly says that discriminating an eurozone IBAN based on which country it is from is illegal. The story ends there, a bank shouldn’t have to hack foreign IBANs into their system because some organisations don’t feel like the law applies to them. It’s like saying that to fix the issue with some people not stopping at red lights the best solution is to put in place a system which automatically turns traffic lights green when their car is approching so that the don’t have to follow the law.

Plus that solution is not practical. Let’s assume we wanted to accept the fact that organisations don’t follow the regulation and to offer the workaround you mention rather than enforcing the rules. It would mean that let’s say Bank of Ireland would have to issue you with 20+ IBANs when you open an account with them; so that for each eurozone country you have local IBAN as a backup in case your Irish IBAN is illegally being refused by an organisation in that country. Would be extremity messy/confusing and doesn’t really make sense.

IBAN discrimination is all well and good but the reality is that people have untold trouble using N26 as a full replacement for an Irish account. Do you really want to take your employer to task because they aren't setup to transfer to non Irish IBANs? It's really a case of picking your battles and as it's a provider imposed obstacle to using their product so they should address it

I don't understand your 20 IBANs - most users would only need the default and a "home" one - other providers can manage this as already mentioned.

vectorvictor wrote: »

IBAN discrimination is all well and good but the reality is that people have untold trouble using N26 as a full replacement for an Irish account. Do you really want to take your employer to task because they aren't setup to transfer to non Irish IBANs? It's really a case of picking your battles and as it's a provider imposed obstacle to using their product so they should address it

Issues exist but tbh I’ve been using N26 for 2 years as my main account and the only real problem I’ve had is with the NTA originally not accepting non Irish IBANs for leap card auto topups. It took too long but after a few of us were ignored by the NTA and escalated the matter to EU authorities they were eventually forced into compliance. So in short the situation isn’t that bad; most government organisations and businesses are compliant and I don’t see why the minority who are choosing to ignore the regulation should be entertained.

vectorvictor wrote: »

I don't understand your 20 IBANs - most users would only need the default and a "home" one - other providers can manage this as already mentioned.

You are saying that the solution to organisations discriminating against foreign IBANs should be for banks to provide local IBANs to their customers as a workaround.

This means that as per your solution if I’m a bank of ireland customer and a French company is refusing my Irish IBAN, BOI should give me a French IBAN for my account. And then if a German institution is refusing my Irish IBAN, BOI should also assign a German IBAN to my account as a workaround. And you see where this is going: once all countries are covered I will have 20+ IBANs from bank of ireland for the same account so that I can work around organisations refusing to follow the regulation in all EZ countries.

Hi, can anybody confirm how long a transfer from Revolut to an N26 account takes? Made one at 7pm Friday, it's debited and completed in my Revolut but not showing up on my N26 account yet. Thanks!

Yggr of Asgard wrote: »

So your solution to Irish Banks or Irish Businesses not being able to provide services they should is to force more cost onto the business that is providing a service in line with the rules?

And in reverse if someone with an irish bank account (now why someone would do that to themselve is a different question) located in Germany wants to use that account all Irish Banks should also provide local ghost IBAN's?

Sure, may I ask which bank you are working for?

Not advocating the ghost IBANs thing as I'm all for everyone playing by the SEPA rules, but you're not making a fair comparison there. N26 market themselves and offer their services to consumers outside of Germany, to the best of my knowledge no Irish bank does similar. It might make business sense for a bank marketing themselves to customers outside their own country to provide IBANs that look local to those customers.

TheChizler wrote: »

It might make business sense for a bank marketing themselves to customers outside their own country to provide IBANs that look local to those customers.

Keep in mind that N26 are marketing themselves all accross the EU though. So it would not just mean supporting Irish IBANs but also IBANs for every other EZ country where they market their service. Which I suppose requires at least some type of legal presence in each of these countries. This could start to get messy and costly - and it may even be seen as not worth their while for a small market like Ireland (France, Spain, or Italy would be different).

This is a key point of the regulation really: setting a fair playing field for a Eurozone wide retail banking market whereby small countries or small banks are not at a disadvantage due to their smaller market size or smaller financial ressources because interoperability is guaranteed accross banks and countries for everyone.

TheChizler wrote: »

Not correct to say that if they offer a local IBAN then BOI should do the same for all other countries though.

I see your point - technically no bank has to do it and it is their choice - but it’s very questionable to conclude that the 2 things are completely separate.

If like the OP argued someone is saying that when IBAN discrimination occurres the blame/pressure should be put on the bank of the individual rather that the organisation which is refusing foreign IBANs, then the direct consequence is that if a Portuguese institution is refusing my BOI IBAN I shoud blame BOI and expect a solution from them rather than blaming the Portuguese institution.

And if as what I think you are doing one is trying to find a middle ground and argue that the choice should be up to each bank whether to do issue foreign IBANs or not depending on whether they want to access new markets, then you are advocating for breaking the fair competition rules laid out by SEPA regulation. What I mean by that is that if you are acknowledging that banks offering IBANs out of their own countries is an OK but not mandatory solution for IBAN discrimination, you are accepting the fact competing accross the EZ retail banking market requires optional and potentially costly hacks for banks which want to offer perfect interoperability accross that single market. And since some banks and countries might be too small for that to happen with then, you are effectively hindering competition accross the single EZ market and putting smaller banks and consumers in smaller national markets at a disadvantage.