Europe based Fintech startup, N26, has introduced its banking branch in the US in collaboration with Axos bank. The company is planning to provide a better experience of retail banking to customers. It would give a facility to customers in the US to create a bank account with the help of a mobile app in just a few minutes. And the customers will get ACH payments and routing, along with their account numbers.
A debit card will be provided to customers which will be controllable with the help of the mobile app and a pop-up notification will be sent to show the transaction details to the customers. Various programs are actively running in the US to give financial wisdom to customers to help them understand personal finance well. The growth of privatized banking in the country has been contributing a lot in increasing the financial independence of people. Plenty of online sources are available from where customers can learn more about new updates regarding the banking and finance sector.
N26 is planning to introduce signups during the summer and it will ensure the opening of signups for everyone by the end of the summer. The Visa network will be used on the N26 cards and the facility to get paid up to two days early will be given if a person gets paid via direct deposit. Two new premium plans namely, N26 Metal and N26 Black will be unveiled. And with the introduction of shared spaces in the coming months, one will be able to swipe money from one space to another with people.