N26 is launching its bank in the UK in 2018

Nov 6, 2017 · techcrunch.com

N26 is coming to the uk

Fintech startup N26 is announcing yet another international expansion move. The company plans to launch its bank of the future in the U.K. at some point during the first half of 2018.

As N26 already has a German banking license, the company can also operate in the U.K. Without getting a separate license. British customers will get an account in GBP, a debit card and personal account information.

"First of all, we’ll launch with the same feature set as the rest of Europe," N26 co-founder and CEO Valentin Stalf told me. "The thing that is going to be different for the U.K. is that you’ll have a U.K. sort code and account number. And also we’ll bring all the products that we have including our premium card."

When you create an account, you get a debit card from MasterCard and a checking account. You can then send and receive money, accept direct debits, pay anywhere around the world with your card without any foreign transaction fee or markup, lock your card, set your own limits and get push notifications for each transaction.

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