Joint Accounts and N26

N26 is the most popular fully digital bank in Ireland and they have over 5 million customers globally.
It is a fully licenced EU bank and the German Bank Guarantee covers all funds in N26 (up to €100,000).
There are no branches and accounts are operated using the N26 app on a smartphone or on a PC. (Smartphone required to set up an account)

Irish residents can sign up for N26 here

N26 and Joint Accounts

One thing that puts some people off using N26 in Ireland is that they don’t currently allow joint or shared accounts. You get just one debit card with N26 and the N26 app can only be activated on one phone.
But there are some ways around this to enable a free N26 bank account to be used almost like a joint account.

N26 works with Google Pay and Apple Pay – so if one of the couple uses the physical card and the other person uses the card on Google Pay or Apple Pay – they can both spend from the same account.

Visit N26 Website

Shared Spaces on N26

N26 have a feature called Shared Spaces. This is only available on the paid-for N26 You” account (€9.90 a month.) It is similar to a joint account – but not exactly the same.

N26 “Shared Spaces” allows 2 or more (max 10) N26 account holders to share money together in one place. One N26 account holder sets up the shared space and invites others to join.

The person who originally created the shared space is the sole owner of the space and the funds in it, but they are granting ‘Power of Attorney’ to the other participants to allow them to transfer money in and out.

For example – the main account holder sets up a shared space with their partner. The partner agrees to transfer €500 a month to the shared space to cover bills. The main account holder then transfers money from the shared space into the “main” account.
Each participant can easily transfer money between the shared space and their own N26 account, and even keep track of all transaction activities just by viewing the space details.

Revolut Joint Accounts

April 2023Joint Accounts are now available on Revolut.

Revolut is also very popular in Ireland and has over 25 million customers globally.
Revolut calls itself a ” global financial super-app “.
Revolut launched in July 2015 as a money-transfer service before expanding its services to include digital banking, loans, stock trading and cryptocurrency.

Since March 24th 2022 , Revolut has been operating as a fully licenced bank in Ireland and funds of up to €100,000 are guaranteed by the Lithuanian State Company Deposit and Investment Insurance.

More details about Revolut and How it works.

Revolut and N26 Compared