N26 is launching its banking app in the US. Starting in a staged rollout, the 100,000 customers on the US waitlist will be invited to sign up and have full access to the product. A full public launch will follow later this summer.
The launch in the US market marks the next step in the company’s mission to become a bank that millions of customers around the world love to use.
“The US launch is a major milestone for N26 to change banking globally and reach more than 50 million customers in the coming years,” says Valentin Stalf, co-founder and CEO, N26. “We know that millions of people around the world and particularly in the US are still paying hidden and exorbitant fees and are frustrated by poor banking experiences. N26 will radically change the way Americans bank as it has done for so many people throughout Europe.”
N26 already has a strong presence in the market, where it operates via its wholly-owned subsidiary, N26 Inc., based in New York. Since opening its office in New York, the company has been able to gain valuable insights on the US market and consumers, which is reflected in the development and rollout of the US product behaviour. The US team already consists of over 50 employees.
“We’re very excited to bring our experience to US customers. In Europe, we’re loved for our effortless and sleek user experience, with no hidden fees. Starting today, you can sign up entirely from your phone in just five minutes. There are no account maintenance fees or minimum balances required.” says Nicolas Kopp, US CEO, N26 Inc.