Joint Accounts from N26 Help Customers Develop ‘Healthy Financial Habits’

N26, a leading European digital bank, has introduced joint accounts as part of its latest offering, allowing customers to manage both personal and shared finances seamlessly within the N26 app, as highlighted in The Fintech Times.

The move is aimed at simplifying financial management, empowering customers to budget effectively, track expenses, and achieve financial objectives alongside their partners.

The new feature is now accessible to customers in 21 additional markets, including Austria, Belgium, Denmark, Greece, Ireland, Lithuania, the Netherlands, Norway, Poland, Slovakia, Slovenia, Spain, and Switzerland.

Customers across all personal membership tiers, including the free N26 Standard, can easily create joint accounts with just a few taps. This functionality enables users to categorize expenses by participant and monitor the joint monthly budget, fostering healthy financial practices. Smart insights and complete legal ownership for both parties provide added security and transparency.

Valentin Stalf, founder and CEO of N26, commented on the launch: “N26 customers can open a joint account with their partner or loved one in just a few taps, without complexity or tedious paperwork. This way, our customers can easily manage their personal and shared finances within the N26 app, while building healthy financial habits and achieving their financial goals together.”

Each N26 customer is entitled to create one joint account, with a maximum of two participants per account. Additionally, every joint account is assigned its own unique IBAN, simplifying shared expenses such as rent payments or household costs.

The introduction of joint accounts complements N26’s existing ‘Shared Spaces’ feature, which allows premium subscription customers to create shared sub-accounts with close contacts, without the need for a joint bank account. Shared Spaces facilitate budgeting for vacations and leisure activities with friends, splitting expenses with roommates, or jointly purchasing larger items or gifts, with the account owner maintaining legal ownership of the funds within the Shared Space.