> They're very successful in Germany where banking is a very slow, difficult, manually run industry (from what I've heard) You are absolutely right. Banking he

> They're very successful in Germany where banking is a very slow, difficult, manually run industry (from what I've heard) You are absolutely right. Banking here in Germany is ridiculously slow. Transferring money between banks often takes 1-2 working days, so if you're sending money on a Friday evening, the transfer usually takes until Monday to be finished (although this depends a bit on the bank). Some banks have instant transfers as an option, but they usually cost extra and don't work for every bank. This is so annoying, that my friends and I always end up paying each other with PayPal since it is by far the easiest and most convenient way. Another reasons N26 I think makes N26 is so popular is, that they are one of the few banks with actually good apps. At my bank, I'd have to pay (!) to receive notifications when there is a transfer from or to my bank account.