Expecting 10 million customers by end of 2020, and 4.5 - 5 million by the end of this year. https://t3n.de/news/n26-noch-kein-boersengang-10-1202672/
I think the article says there’s a possibility for 10m customers by end 2020 rather than an expectation.
But doubling within a year by putting on 5m customers - that’s a big ask, even if the US is in play!
There’s now a promo code circulating for euro accounts that gives 20€ just for opening an account with them. Seems a bit desperate
You know Monzo ran the promotion to sign up for a fiver a while back…
So a quarter of 20?
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More to the point that if someone is going to flag a bank as desperate for offering an incentive for opening an account then you’re tarnishing all banks.
An incentive is an incentive. 
Edit: Oh, and one more thing… Starling haven’t offered an incentive to open an account (so guessing they aren’t desperate 
)
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We’ve had a Belgian campaign recently (for a legacy bank) where the referral bonus was €50.
Can’t make up for difference in service, though!
It’s nothing to do with desperation. It’s a simple bribe.
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£175 from some banks here iirc at the moment.
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I’m trying to close my N26 account at the moment. I don’t understand why after 1 year you still cannot save payees and still can’t have a UK IBAN
Weirdly they asked me to confirm my UK IBAN to close the account despite the lack of IBAN being one of my reasons to close the account
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yep. HSBC have that offer on pretty regularly.
I do have an N26 account but with nothing in it
(I haven’t even activated the card lol)
I opened it purely out of curiosity, as I have with many of the FinTechs
After having a play with the app and the web interface, I have to say that compared to most of the other offerings, it’s a bit basic to say the least.
The lack of features, even some of the most basic ones, fingerprint/face ID login expiring every 30 days meaning having to retype your password, and now from what I’ve gathered from the forum, having to re-verify your identity regularly too are going to make N26 more trouble than it’s worth.
If you want an all singing, all dancing feature packed app based bank, Monzo seem to have got that covered.
If you want a functional but simple one that works well, you have Starling.
I think like many of you on here, I’ll be letting my N26 account fade away quietly.
It seems like the only people who are going to love N26 are those who haven’t stumbled across Starling or Monzo first
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I admit I came from Starling to here originally and I always thought Monzo was a basic version of Starling - but it had grown to out exceed my expectations. And now it feel like home for my money
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Here in Portugal it’s unheard of for a bank to offer such incentives, same for other countries. In that context, it does seem desperate . 5€/£ I’ve seen from other fintechs, not 20
When they’re offering that in the Portuguese market and other markets where such incentives are unheard of, it does seem pretty desperate. Besides padding their number of clients, what do they expect to gain out of it? How many of those people taking the opening bonus will get a 6€ a month plan (think thats the price) for the incentive to make any sense?
Here we go.
More customers, I thought that much would be obvious. A lot of people won’t know about N26 and have their own long established bank so it’s something to sweeten the deal to move over
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Is it that proper context is irrelevant to you or just some plain old xenophobia of some kind?
May I remind you that no one is forcing you to engage with me. If you’re not interested in discussing N26 and their offering and actions in the market, what are you even doing in this topic?
And, as I pointed out previously, there’s nothing obvious in spending more money on costumer acquisition than what they’ll be able to recoup. Maybe your knee jerk reaction when someone mentions not being British prevents you from reading any further so you may have missed that part
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I haven’t seen the UK version of N26 but I have had the EU version of N26 for 2 years now. For me I don’t really have many complaints there.
I’ve not followed the whole conversation as I only just came across this thread and not sure what the differences are between the UK/EU versions yet.
But for me I’m not against fingerprint ID expiring every 30 days. Yes it’s frustrating but prefer the username/password option over Monzos’ login through the email. I still believe Monzo should have a username/password login and the email verification on top of that.
Also in 2 years never was I asked to verify by details with N26.
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Maybe I have been a little too hasty regarding N26
I think I need to give them a go, as I have with the likes of Revolut, Monese, etc. and see how I get on.
After all, I for one, really want to see as many of the FinTechs as possible succeed.