N26 Discussion

I’m opposite - if I don’t have enough money and hadn’t realised, the bank letting my transaction through and charging me a few pence in overdraft fees is certainly better than declining the transaction. I obviously want whatever I’m buying and would rather not have the embarrassment. Monzo seems to arbitrarily decline your card anyway, as does Starling and other ‘new’ cards.

The Experian link you included in your Tweet is really helpful, so thank you. It explicitly states that “a hard credit check shows you’ve applied for credit” and, since I haven’t done this, I’ve raised a query with Experian.

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I would never be a client of that company. I didn’t know such disgusting business practises were still allowed in the UK. Certainly a holdover from the 20th century

I have a Deutsche Bank account here in Portugal. No credit checks or income enquiries whatsoever. The same as for my N26 account

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Then you apply for an overdraft, easy. I don’t want overdrafts and want transactions declined if there are no funds. I don’t know why you’d be embarrassed by a card decline.

Most often when a transaction hits and there are no funds, it’s because it’s a fraudulent or unauthorized transaction that obviously wasnt accounted for so I’m glad it got declined and I avoid the hassle of trying to get my money back. Having accounts where I only put the exact amount of money I need for an online purchase is a must for me. Saved me multiple times from merchants like Amazon charging me out of nowhere due to what they then claim where technical errors

If in the UK banks will just let you go into overdraft without you having arranged one with them, then that seems incredibly deceptive. How do you handle subscription free trials that you don’t remember to cancel, as an example? If a bank did that to me I’d just wish them good riddance. I won’t pay back money they decided to “borrow” me without my consent

13 posts were split to a new topic: Free trials and subscriptions

Think this has stopped being about N26…

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It has, and there’s plenty to talk about, still. I wonder if N26 are viewing the UK differently from other countries (Brexit or otherwise). Our friends in Portugal, for example, seem to be so.

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It’s Monday - I wonder if we get a reply from their “specialist team” today…

The offer I was sent read more like “2 months free when signing up to a 12-month N26 Metal account”.

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Is everyone having the hard check on the metal card? Random thought about the 12 month minimum term counting as credit

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No idea, I don’t have metal and tbh… I haven’t really used the card… stuck a tenner on waiting to see if they would roll out other features quickly (Apple Pay etc)

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they never done a search on my credit file but I have a UK ACC, I’ve check all the major credit reference agencies and no sign of N26 there, the way my account was open I did a video call with them

I did set-up PayPal direct debit as well I’ve made a payment using it as my funding sources so I’ll wait to see what happens, N26 says DD won’t show up on the ACC until its first used, similar to what NatWest does

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What’s the most recent Experian report you’ve got?

It wasn’t showing on the MSE Experian report (which gets updated once per month) - But it was definitely there (because I checked with Experian directly).

just updated 5 days ago and I’ve opened my N26 ACC on the 13 Nov 18

You possibly just missed it - Depending on how the pieces fell into place.

Looks like all searches were done on the 8th (I also opened mine in November).

If you care, you can use the Experian 14 day free trial and check for yourself - That gives you a daily report, and will show it if it’s there.

don’t need to pay for Experian credit report as you can get it for free through a third party like clearscore, https://clubs.moneysavingexpert.com/creditclub/login if anyone is interested instead of paying a monthly fee

I know, but what I’m saying is that the MSE report (the one you are checking), updates once per month.

If yours updated on the 8th, it probably missed the N26 credit search.

I had exactly the same issue (where my MSE report wasn’t showing the N26 search, but the actual Experian report was).

ok I see well I’ll have to check that out then