N26 launches local IBAN accounts in France
- Local French IBAN accounts will help combat IBAN discrimination and allow French customers to make the most of their N26 bank account.
- With 2.5 million customers in France, N26’s French IBAN accounts are a key milestone on its journey to become the leading digital bank in the market, giving customers even more reasons to use N26 as their primary bank account.
“While the European single market exists for the benefit of customers, with EU legislation mandating seamless acceptance across borders for all European IBANs, IBAN discrimination continues to exist today. This sometimes creates unnecessary friction for banking customers who may struggle to deposit their salaries or pay for utilities if they do not have a local IBAN”, underlines Jérémie Rosselli, GM N26 France & Benelux. “At N26, we want to change the world’s relationship with money for the better, and strive to offer locally relevant products that meet our customer’s needs in every market. Having launched local IBANs to millions of other customers in our European markets, we’re excited that all our customers in France will be able to have a fully French N26 account with a French IBAN by the end of the year.”
About N26
N26 AG is Europe’s leading digital bank with a full German banking licence. Built on the latest technology, N26’s mobile banking experience makes managing money easier, more secure and customer friendly. To date, it has welcomed more than 8 million customers in 24 markets, and processes over 100bn EUR in transactions a year. N26 is headquartered in Berlin with offices in multiple cities across Europe, including Vienna and Barcelona, and a 1,500-strong team of more than 80 nationalities. Founded by Valentin Stalf and Maximilian Tayenthal in 2013, N26 has raised close to US$ 1.8 billion from some of the world’s most renowned investors.
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