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From one evil to the other then? I would definitely not keep my life savings in some virtual "start-up" bank. Get a serious one and automatically transfer some
by Double_a_92 7y ago
From one evil to the other then? I would definitely not keep my life savings in some virtual "start-up" bank.
Get a serious one and automatically transfer some money onto your fancy cards every month, if you like their service for everyday payments.
- StavrosK 7y agoLooks like it :/ I don't store my life savings there, certainly, I just had "more" money in N26. You're right, though, I should transfer just as much as I need to them.
- patrickmcnamara 7y agoN26 is an actual bank that offers actual current accounts, unlike Revolut.
- s_dev 7y agoI know this was the case but both N26 and Revolut have EU banking licences -- as of the past year.
- s_dev 7y agoThe reason I went with N26 is because they're German -- the German government will guarantee all savings up to €100k -- this is not the case with the others hence why Revoluts "EU banking licence" doesn't offer as much consumer protection as simply being a German bank. It just means they get more access to EU markets by abiding by certain terms.
- skrause 7y agoN26 is also known to not help you when you're a fraud victim (https://heise.de/-4355970 https://heise.de/-4355970). And they're currently on a watchlist because they usually fail to prevent money laundering (https://heise.de/-4429143 https://heise.de/-4429143).
- Celexior 7y agoI was victim of a fraud (a shop factured me twice, then they refused the pay me back the money) while paying with N26. They helped me to get my money back, so from my point of view they help fraud victims.