On: Ask HN: Online banks where I can open account worl...

[akvadrako]

I, solely a US person, have accounts with N26, Revolut and Transferwise. None are officially banks.

I recommend Transferwise because they support ACH transfers and US$ balances.

[ValentineC → akvadrako]

Doesn't N26 hold a German (and very recently, UK) banking licence?

[shanehoban → ValentineC]

Yes I believe this to be correct.

"N26 has had a full European banking licence since 2016 – and any funds you have with it are covered by the German Bank guarantee (up to €100,000)." [1]

[1] http://www.moneyguideireland.com/n26-compared-revolut.html

[rsync → akvadrako]

How are these more useful/interesting/performant than paypal, which I already use ?

Genuinely interested ...

[akvadrako → rsync]

If you need these, you know it. For example, if you keep balances in multiple currencies or want to transfer money between EU and US banks or have a low-fee multi-currency debit card. Paypal doesn't allow any of that.

[tim333 → rsync]

Not sure you can use paypal to put money in an account and then use a card to withdraw it at cash points and pay for coffee etc. Also I once sent a US friend $500 with paypal and got charged $25. Transferwise would be way cheaper.

[joelrunyon → akvadrako]

Does anyone have a good comparison of something like Revolut v N26 v Simple?

What's the main USP of N26?