3 ms·
N26 is regulated by BaFin and has a full German banking license; it's just as secure as your Deutsche Bank or Sparkasse account. They also must follow the same
by mcntsh 4y ago
N26 is regulated by BaFin and has a full German banking license; it's just as secure as your Deutsche Bank or Sparkasse account. They also must follow the same data privacy and security laws as those banks.
- mcv 4y agoBut isn't Deutsche Bank involved in all sorts of money laundering around Putin and Trump?
- satyamkapoor 4y agoPersonal banking with D bank is so crap that you start loving banks like N26
- ig-88ms 4y agoN26 spared no effort to ignore and avoid any interference and control by BaFin. They are a different beast than Sparkasse or Deutsche. At one point, the only way for BaFin to contact N26 was via the customer hotline. There was no way for the banking regulation and control entity to contact them. N26 evaded BaFin as long as they coud. They've built their company and infrastructure extremely fast and extremely recklessly. https://www.reuters.com/article/us-n26-money-laudnering-idUSKCN1SS1TX https://www.reuters.com/article/us-n26-money-laudnering-idUS... https://fintechmagazine.com/banking/n26-customer-growth-limited-bafin-imposed-customer-cap https://fintechmagazine.com/banking/n26-customer-growth-limi...