German challenger bank N26 launched N26 Business Metal this week, a new premium business account with an exclusive 0.5% cashback on purchases. This acc. is focused to help freelancers, the self-employed and entrepreneurs to get the most out of their finances.
This brand new account is the next step in N26’s efforts to create more flexible and tailored business banking experiences and to manage day-to-day finances more effieciently.
N26 customers will have exclusive access to choose from multiple partner deals. These include Google Ads, Boosted, And.co, and Fiverr, as well as mental wellbeing and lifestyle brands such as Blinkist, 8Fit and Udemy.
N26 Business Metal customers will also be able to use the priority Customer Support, via telephone or an in-app chat feature. Here the N26’s staff will answer personal account questions, give guidance on features, and for any urgent technical support requirements.
The goal of this idea is to minimize any “hassle of paperwork, balances and spreadsheets”, since the account offers automatic categorization of spending through the Statistics feature so that customers can keep track of all their business expenses in one place. The Business Metal holders can also log in via the Web App on desktop to download statements for easier tax returns, in a more seamless and intuitive way.
“With N26 Business Metal, we wanted to design a premium account specifically for freelancers and the self-employed, one that is better aligned to their individual needs and incorporates unique benefits like cashback, insurance and partner offers,” said Georgina Smallwood, Chief Product Officer at N26.
“In the future, we want to incorporate additional features to simplify the management of transactions and tax payments, for a more customized and individual banking experience,” she added.
N26 Business Metal customers will get a stylish contactless Mastercard debit card, engraved and crafted using N26’s signature minimalist design in stainless steel, and weighing 18g – three times more than a normal card.
“Freelancers and the self-employed are a growing, and increasingly important, part of the global workforce. Yet they are often overlooked and neglected by traditional banks.” said Sarunas Legeckas, General Manager Greater Europe at N26
“N26 is investing in more tailored solutions for this market, an important first step being when we opened our Vienna Tech Hub in October 2019, a new technology and innovation center to lead the development of our Business offering. We’re delighted to now announce our new N26 Business Metal account, enriching our existing Business products and innovating the sector with exclusive cashback as well as a host of other key account benefits,” added Sarunas.
N26 Business Metal is available for €16.90 per month to customers residing in Austria, Belgium, Denmark, Estonia, Finland, France, Germany, Greece, Italy, Iceland, Ireland, Lichtenstein, Luxembourg, The Netherlands, Norway, Poland, Portugal, Slovakia, Spain and Sweden.