N26 Reaches 250K Customers Since US Launch

N26, a mobile bank and a subsidiary of one of Europe’s fastest-growing financial startups, has announced that after five months of operation in the U.S., it has gained 250,000 customers, according to a release.

N26 said it has always been focused on creating an exceptional user experience. It recently expanded its Perks program to offer cashback incentives, as well as discounts from leading brands like Lime, Headspace and Booking.com. The bank also redesigned its core navigation to help streamline interactions for customers.

“Without ever setting foot in a branch, through N26, customers can open an account in less than five minutes, instantly transfer money to their friends with MoneyBeam, and easily open sub-accounts for their savings goals using Spaces,” the release said. “Accounts opened through N26 also have no hidden fees and offer access to a network of over 55,000 Allpoint surcharge-free ATMs. Also, users can get their pay up to two days earlier with direct deposit.”

The banking app also offers security features that include the ability to set a spending limit, to lock lost or stolen cards and to turn international charges on or off.

This year, N26’s plans include continued expansion and delivery of new products to help make it easier for customers to bank digitally.

“American consumers are too reliant on traditional banks and face roadblocks to their financial health that have no place in the 21^st century. N26 was founded to radically transform the industry and break down these barriers through the power of technology,” said Nicolas Kopp, U.S. CEO, N26 Inc. “We’re incredibly proud to have reached a quarter-million U.S. customers in our first five months, and we are just getting started. We have big plans to offer millions of future N26 users a feature-rich, easy-to-use banking experience.”