Number26/N26 Mastercard/Account now for Irish Residents

kevmac · 21-11-2020 05:51PM

Stark wrote: »

Transfers usually arrive next day for me. They used always quote 3-5 days for transfers to Irish banks in the pre-SEPA days as well.

Great. Fingers crossed for Monday then.

kevmac · 21-11-2020 05:56PM

kevmac wrote: »

So, elderly parents go to AIB yesterday afternoon to lodge money into my N26 account.

Guy behind counter is confused by IBAN. “That’s for a foreign account, blah, blah”

Manager called. He doesn’t know what to do. Makes phone calls.

He tells them: “Standard transfer will be 3-5 days or Urgent for €12 will have it there on Monday.”

That’s the short version, don’t get me started. ðŸ˜¡

Questions: Why does a SEPA payment take so long (3-5 days)?

And realistically will the ‘Urgent’ option the money there by Monday?

Thanks for any help

Left something important out.

Rang Central Bank after all this.

Said I was ringing about IBAN discrimination and AIB.

She immediately replied “Do you have a N26 account?”

Surprised, I said Yes.

“Well we are getting a lot of calls about getting money from banks to N26”

I said “is it a technical thing?” She said “No”.

Then told me how to make a complaint about IBAN discrimination.

Take from that what you will.

dohouch · 21-11-2020 06:08PM

kevmac wrote: »

Left something important out.

Rang Central Bank after all this.

Said I was ringing about IBAN discrimination and AIB.

She immediately replied “Do you have a N26 account?”

Surprised, I said Yes.

“Well we are getting a lot of calls about getting money from banks to N26”

I said “is it a technical thing?” She said “No”.

Then told me how to make a complaint about IBAN discrimination.

Take from that what you will.

Did an online using PC, transfer AIB to N26 Friday , yesterday, at 08.00am was with N26 at 2pm. Did not mark as urgent. But it's still a pain, needed card reader. And can't save N26 details so each time , rinse & repeat.

kevmac · 21-11-2020 06:13PM

dohouch wrote: »

Did an online using PC, transfer AIB to N26 Friday , yesterday, at 08.00am was with N26 at 2pm. Did not mark as urgent. But it's still a pain, needed card reader. And can't save N26 details so each time , rinse & repeat.

Interesting. I wouldn’t have a clue where the card reader is! So why could the twits in the bank not send it within a few hours?

TheChizler · 21-11-2020 08:12PM

dohouch wrote: »

And can't save N26 details so each time , rinse & repeat.

If you click into payments you can reuse a previous international payment so no need to enter details again. Still need the card reader.

TheChizler · 21-11-2020 08:13PM

kevmac wrote: »

Interesting. I wouldn’t have a clue where the card reader is! So why could the twits in the bank not send it within a few hours?

Friday afternoon you're past the cutoff for same day transfers to non AIB accounts. Should be there Monday afternoon.

kevmac · 21-11-2020 09:11PM

TheChizler wrote: »

Friday afternoon you're past the cutoff for same day transfers to non AIB accounts. Should be there Monday afternoon.

Yep. I didn’t realise that no Irish bank does SEPA Instant Payment.

VG31 · 30-11-2020 09:12PM

Is the app not working or is it just me? It keeps saying I've made too many login attempts but I haven't opened it in a few days.

Sheep Shagger · 30-11-2020 10:32PM

VG31 wrote: »

Is the app not working or is it just me? It keeps saying I've made too many login attempts but I haven't opened it in a few days.

Working OK for me, havnt been in for a few days either.

advertsfox · 01-12-2020 12:51AM

Opted for the reasonably priced N26 Smart, mainly for the extra spaces, sub accounts with my OH and (at long last) the round up / loose change feature from Revolut. Added bonus of a new slate card too.

jester77 · 03-12-2020 09:52PM

Easyflex savings accounts launched today for metal customers. Rest will follow in the new year. 0.17% interest in partnership with Norwegian bank Complete via Weltsparen.

https://n26.com/en-de/legal-documents/easyflex-savings

Bob24 · 04-12-2020 11:02AM

jester77 wrote: »

Easyflex savings accounts launched today for metal customers. Rest will follow in the new year. 0.17% interest in partnership with Norwegian bank Complete via Weltsparen.

https://n26.com/en-de/legal-documents/easyflex-savings

From this document, it sounds like they are basically just acting as a broker for Raisin (Weltsparen is the German brand for Raisin, elsewhere in Europe it is directly marketed as Raisin). I am wondering - Is it different from what they have had in Germany since 2017 or just an international rollout?

And so that everyone understands, it means the funds won't be held by N26 anymore, but transferred to one of the Raisin partner banks which will pay interests on them (probably as a fixed-term deposit). Not necessarily a problem, but people need to make sure they understand which bank is holding their funds and its risk profile (also as a foreign deposit interest account it probably needs to be declared to Revenue).

connaugg · 07-12-2020 10:42AM

VG31 wrote: »

Is the app not working or is it just me? It keeps saying I've made too many login attempts but I haven't opened it in a few days.

Make sure you have the latest version of the app. It's currently 3.54 on Android and working fine for me. They regularly update and perhaps it won't work with an older version after a critical update?

Julabo · 23-12-2020 08:40PM

advertsfox wrote: »

Opted for the reasonably priced N26 Smart, mainly for the extra spaces, sub accounts with my OH and (at long last) the round up / loose change feature from Revolut. Added bonus of a new slate card too.

Can I ask, slate card, what you mean

With new offer of 15 months for price of 12 am thinking of signing up.

Just wondering about card quality?

Yyhhuuu · 31-12-2020 04:48AM

Yggr of Asgard wrote: »

I think we have to wait until someone get's the physical card and can check the BIN and country code from the chip.

In theory if the card would be coded as Irish than (as long as it still exists) stamp duty would need to be paid if I'm not mistaken.

But it makes sense for them to code the card in a way that "domestic" is the country of residence.

When someone get's the card next week we will find out.

Revolut is coded as UK (at least on the one I got).

So if I get this card I will have to pay stamp duty?

I was going to use it when visiting London...

advertsfox · 31-12-2020 11:41AM

Julabo wrote: »

Can I ask, slate card, what you mean

With new offer of 15 months for price of 12 am thinking of signing up.

Just wondering about card quality?

Of course, it's just the new style card that comes in multiple colours. It replaces the original one too.

The loose change / roundup is great for me as its easy savings to a side pot that goes unnoticed.

Sheep Shagger · 31-12-2020 11:46AM

Just curious, how many people are still actually paying for stuff with their physical card? With my phone and watched linked to my accounts I don't even carry the physical card anymore.

Quackster · 31-12-2020 12:14PM

Sheep Shagger wrote: »

Just curious, how many people are still actually paying for stuff with their physical card? With my phone and watched linked to my accounts I don't even carry the physical card anymore.

My card didn't last too long. It split in half horizontally. Seemed poorly made. Have it on Curve and on my phone so I didn't bother getting the physical card replaced.

random_88 · 31-12-2020 02:12PM

Sheep Shagger wrote: »

Just curious, how many people are still actually paying for stuff with their physical card? With my phone and watched linked to my accounts I don't even carry the physical card anymore.

I’m the exact same. I think I used the physical card a grand total of 5 times throughout 2020. Apple Pay is so much handier, especially with it having no cap on the amount that can be tapped for.

The J Stands for Jay · 31-12-2020 02:29PM

Quackster wrote: »

My card didn't last too long. It split in half horizontally. Seemed poorly made. Have it on Curve and on my phone so I didn't bother getting the physical card replaced.

My Number 26 and N26 cards are both well worn; I doubt the N26 card would last till it's expiry date if I hadn't got a phone with NFC to use Google Pay.

kennypowers · 31-12-2020 07:50PM

I am trying to arrange to move my bank of ireland to my n26 acccount .I cannot see a link in the app about switching .Is there a form I can fill to instigate the switch?

Sheep Shagger · 31-12-2020 08:06PM

kennypowers wrote: »

I am trying to arrange to move my bank of ireland to my n26 acccount .I cannot see a link in the app about switching .Is there a form I can fill to instigate the switch?

Not for n26 (or Revolut) AFAIK.

When I moved i did the direct debits and standing orders myself, bring your BOI account to zero then request it be closed via the service desk in banking 365.

kennypowers · 31-12-2020 08:11PM

Sheep Shagger wrote: »

Not for n26 (or Revolut) AFAIK.

When I moved i did the direct debits and standing orders myself, bring your BOI account to zero then request it be closed via the service desk in banking 365.

I was thinking that I would have to do it manually ,shame really as I think if it were streamlined it would encourage more people to switch.

The J Stands for Jay · 31-12-2020 08:35PM

kennypowers wrote: »

I was thinking that I would have to do it manually ,shame really as I think if it were streamlined it would encourage more people to switch.

In the past changing between Irish banks, I've done it all manually. I did it using the switching service once, and not everything was done. It was just as easy to do it all myself and know it was done right.

The J Stands for Jay · 31-12-2020 08:36PM

Yyhhuuu wrote: »

So if I get this card I will have to pay stamp duty?

Stamp duty is only payable if you use it to withdraw cash from an ATM.

Sheep Shagger · 31-12-2020 10:26PM

kennypowers wrote: »

I was thinking that I would have to do it manually ,shame really as I think if it were streamlined it would encourage more people to switch.

It only took me a few weeks to have it all changed over, luckily a lot of my direct debits were linked to my debit card (an easy win). Filling out a paper mandate for eir was probably the worst bit, actualky ending up moving to gomo and set up my DD with the debit card- easy.

bennyx_o · 31-12-2020 10:59PM

Sheep Shagger wrote: »

It only took me a few weeks to have it all changed over, luckily a lot of my direct debits were linked to my debit card (an easy win). Filling out a paper mandate for eir was probably the worst bit, actualky ending up moving to gomo and set up my DD with the debit card- easy.

Worth noting if it's on your debit card it's not a Direct Debit and doesn't offer any of the options available under SEPA like requesting a Direct Debit be recalled without reason within 13 weeks.

Sheep Shagger · 31-12-2020 11:09PM

bennyx_o wrote: »

Worth noting if it's on your debit card it's not a Direct Debit and doesn't offer any of the options available under SEPA like requesting a Direct Debit be recalled without reason within 13 weeks.

True, have never had to recall a DD personally.

Julabo · 01-01-2021 02:00AM

Quackster wrote: »

My card didn't last too long. It split in half horizontally. Seemed poorly made. Have it on Curve and on my phone so I didn't bother getting the physical card replaced.

So i am in the same boat regarding physical card.

Really thinking about upgrading to the slate card

Bob24 · 01-01-2021 10:43AM

McGaggs wrote: »

In the past changing between Irish banks, I've done it all manually. I did it using the switching service once, and not everything was done. It was just as easy to do it all myself and know it was done right.

Same here, prefer to do it myself to make sure it’s done properly.

I think some people who haven’t done it before tend to overestimate the amount of work required (and banks have an incentive to keep people thinking that way).

Nowadays many DD instructions can be updated just by inputing the new IBAN on a website which just takes a minute (and even when an old fashioned DD form is required, it is usually fine to email a scanned copy - especially in this COVID world).

Number26/N26 Mastercard/Account now for Irish Residents

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