How to Open an N26 Account and Transfer Money with Panda Remit
Benjamin Clark - 2025-03-19 15:26:36.0 24
If you're looking for a modern, hassle-free way to manage your finances internationally, N26 is a great choice. This European digital bank provides a fully online banking experience, no hidden fees, and easy international transactions. However, when it comes to sending money across borders, bank transfers may incur high fees and offer unfavorable exchange rates. That’s where Panda Remit comes in—a faster, cheaper alternative for international transfers.
In this guide, we’ll walk you through how to open an N26 account and explain why using Panda Remit for international money transfers is the smartest choice.
What Is N26?
N26 is a mobile-only bank based in Germany, offering free and premium account options with benefits like:
✔ No monthly fees for basic accounts
✔ User-friendly app for managing finances
✔ Free card payments worldwide
✔ Instant notifications for transactions
However, while N26 allows international bank transfers, the costs can be high, and the exchange rates might not be the best. If you need to send money abroad, Panda Remit offers a better way—lower fees, faster transfers, and excellent exchange rates.
How to Open an N26 Account?
Opening an N26 account is quick and simple. Here’s how you can do it:
Step 1: Check Eligibility
🔹 You must be 18 years or older
🔹 Have a valid passport or national ID
🔹 Be a resident in one of the supported European countries or the U.S.
Step 2: Sign Up Online
✅ Go to the N26 website or download the app
✅ Enter your details (name, email, address, and phone number)
✅ Choose an account type (Free, Smart, You, or Metal)
Step 3: Verify Your Identity
✅ Complete a video verification via the N26 app
✅ Use your passport or national ID
Step 4: Activate Your Account
✅ Once verified, you’ll get your IBAN (International Bank Account Number)
✅ You can now start using your N26 account for transactions
Sending International Transfers from N26 – Why Panda Remit Is the Better Choice
Although N26 allows international wire transfers, they typically involve:
❌ High fees for SWIFT transfers
❌ Slower processing times (1–5 business days)
❌ Exchange rate markups
Panda Remit, on the other hand, provides a cheaper, faster, and more efficient alternative for sending money abroad.
Panda Remit vs. N26 International Transfers
| Feature | N26 Transfers | Panda Remit |
|---|---|---|
| Fees | ✅ Varies by provider | ✅ Low or Zero fees |
| Exchange Rate | ❌ Markup applied | ✅ Close to mid-market rate |
| Transfer Speed | ❌ 1–5 business days | ✅ Minutes to hours |
| Intermediary Fees | ❌ Possible hidden charges | ✅ No hidden fees |
| Ease of Use | ✅ Easy in-app transfer | ✅ Seamless online experience |
How to Send Money from N26 Using Panda Remit?
Since N26 operates primarily in EUR, you can fund your Panda Remit transfers using your N26 account and enjoy better rates and lower costs.
Step-by-Step Guide:
1️⃣ Sign Up for Panda Remit
2️⃣ Choose Your Destination Country
✅ Select the currency & amount you want to send
3️⃣ Add Recipient Details
✅ Provide bank account details of your recipient
✅ No SWIFT code needed for most transfers!
4️⃣ Fund Your Transfer
✅ Pay with your N26 account balance via bank transfer, SEPA, or other methods
5️⃣ Enjoy Fast Delivery & Track Your Transfer
✅ Money arrives within minutes or hours
✅ Get real-time updates via the Panda Remit app
Why Use Panda Remit for International Transfers?
🔹 💸 Save More Money – Lower fees and better exchange rates than traditional banks
🔹 ⚡ Fast Transfers – Most transactions complete within minutes
🔹 🔒 100% Secure – Licensed and compliant with strict financial regulations
🔹 🌍 Global Coverage – Send money to 30+ countries worldwide
🔹 📱 Easy to Use – Fully online with a user-friendly app & website
Get Started Today – First Transfer with ZERO Fees!
Ready to send money abroad without the high costs of N26 transfers? Try Panda Remit now and enjoy your first transfer with ZERO fees!
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Final Thoughts: N26 Banking + Panda Remit = The Best Combo
While N26 is an excellent digital bank for managing your money, its international transfer fees and exchange rates aren’t always the best. By pairing N26 with Panda Remit, you can:
✔ Enjoy fee-free banking with N26
✔ Send international money transfers at the best rates with Panda Remit
✔ Receive funds quickly and securely
Next time you need to send money abroad, choose Panda Remit—faster, cheaper, and smarter than traditional bank transfers! 🚀