N26 vs Wise : Which one is better for your business?

The product categories offered by N26 and Wise are essential to their business models, providing comprehensive financial services that cater to a wide range of customers. By comparing N26 and Wise, we aim to determine which service offers the best value in terms of cost savings, features, and customer satisfaction. This comparison will help you make an informed decision on which platform suits your financial needs best.

A quick overview on N26 and Wise

What is N26?

N26 is a mobile banking service that offers a range of personal and business accounts, savings options, and investment opportunities through a user-friendly app. Unique features include instant account setup, no hidden fees, and high security measures like biometric authentication. The platform is designed for tech-savvy individuals, frequent travelers, and small business owners, providing global accessibility and 24/7 chat support.

What is Wise?

Wise is a financial technology company that provides international money transfer services and multi-currency accounts. Unique features include low fees, transparent exchange rates, and the ability to hold and manage money in over 40 currencies. Additionally, Wise offers an international debit card that allows users to spend and withdraw money worldwide without foreign transaction fees.

Features of N26 and Wise

N26 features

N26 offers a range of unique features that cater to modern banking needs, making it a compelling choice for consumers:

• 100% Mobile Banking: N26 provides a fully mobile banking experience with a full German banking license, allowing users to manage their finances entirely through the app.
• Virtual Mastercard: Users receive a virtual Mastercard that allows unlimited card payments in any currency without foreign transaction fees, making it ideal for frequent travelers.
• Free ATM Withdrawals: Enjoy free ATM withdrawals in euros within the eurozone and unlimited free withdrawals abroad for premium accounts, offering flexibility and convenience.
• 24/7 Chat Support: N26 offers round-the-clock chat support in five languages, ensuring that help is always available when needed.
• Investment Options: Through the N26 app, users can invest in stocks, ETFs, and over 200 cryptocurrencies, providing diverse investment opportunities directly from their mobile device.

Wise features

Wise offers a range of unique features that cater to the needs of consumers looking for efficient and cost-effective financial services:

• Multi-currency Account: Users can hold and manage money in over 40 currencies, making it easy to handle international finances.
• Wise Card: This debit card can be used globally without foreign transaction fees, providing convenience for frequent travelers.
• Guaranteed Exchange Rates: Wise offers guaranteed exchange rates for a specified period, ensuring transparency and predictability in currency conversion.
• Interest on Balances: Users can earn returns on their GBP, EUR, and USD balances, adding value to their stored funds.
• Global Account Details: Wise provides local account details for multiple currencies, making it easier to receive money internationally and manage global transactions.

Comparing N26, Wise and OneSafe's features

Why choose one over the other?

• Why Choose N26 Over Wise: N26 offers a more integrated financial experience by combining banking, saving, and investing in one app. This makes it ideal for users who want a comprehensive financial management tool. Additionally, N26 provides interest on savings accounts and multiple account plans tailored to different needs, which Wise does not offer.
• Why Choose Wise Over N26: Wise excels in international money transfers with significantly lower fees and transparent exchange rates, making it a cost-effective choice for global transactions. Furthermore, Wise's multi-currency account allows users to hold and manage money in over 40 currencies, providing greater flexibility for those dealing with international finances.

Considering OneSafe vs N26 and Wise

• Why Choose OneSafe Over N26 and Wise: OneSafe offers a seamless integration of fiat and cryptocurrency transactions, making it uniquely suited for businesses involved in Web3 and crypto. Unlike N26 and Wise, OneSafe provides instant crypto to fiat conversions and vice versa, ensuring that your business can operate efficiently in both traditional and digital financial landscapes.

What are the customers saying?

N26 reviews

Users have mixed feelings about N26. Some praise its digital banking features, ease of use, and customer service, while others criticize the customer support and issues with account access. The overall rating users have given N26 is 3.7 out of 5.

Customers found the customer service frustrating, particularly the difficulty in reaching support and resolving issues. There were also complaints about problems with account access and functionality. On the positive side, customers appreciated the user-friendly interface, the efficiency of the banking services, and the innovative features that make managing finances easier.

• "I was quite happy with N26 a few years ago, but it went downhill. I have lost my phone and it is impossible to log in to my account..." - Amber
• "N26 is one of the best online banks. Many of its features have been adopted by mainstream banks in Greece as part of their effort to digitalise." - Spiros Fotis

For more detailed reviews, visit N26 Reviews.

Wise reviews

Users have generally found Wise to be effective for international money transfers, appreciating its good conversion rates and ease of use. However, some customers have expressed frustration with customer support and issues related to transaction fees and delays. The overall rating users have given Wise is 3.9 out of 5.

Customers found the following aspects frustrating:

• Poor customer support
• High fees
• Limited international support
• Banking issues
• Currency exchange issues

On the positive side, customers appreciated:

• Ease of use
• Payment processing
• Intuitive interface
• Time-saving features
• Virtual cards

• "Wise business transfers from one currency to the other are instant, local payments on USD to USD are quick as well as payments local GBP to GBP" - Lazaros D.
• "You can set up and receive multiple currencies. I could use it as my card/debit card abroad. Easy for me to convert the USD funds I have to the currencies of the country I'm vacationing." - Cherilyn A.

For more detailed reviews, visit Wise Business Reviews.

OneSafereviews

Users have expressed high satisfaction with OneSafe, particularly praising its customer support and the seamless integration of fiat and cryptocurrency transactions. The overall rating users have given OneSafe is 4.8 out of 5.

Customers found the following aspects particularly useful:

• Simple onboarding process
• Multi-currency support
• Global account management
• Seamless payment options
• High security with encryption and MFA

• "OneSafe has the best customer support I've ever experienced from a bank." - Amit Chu, Investments @ Celo Foundation
• "OneSafe is a game-changer. They solve so many headaches for our company. Finally, a banking solution that gets it." - Marco, CEO of Ensuro

For more detailed reviews, visit OneSafe.

N26, Wise, or OneSafe: Which is the best platform for you?

In conclusion, while N26 and Wise offer robust financial services that cater to various needs, OneSafe stands out with its seamless integration of fiat and cryptocurrency transactions, exceptional customer support, and high user satisfaction. Any of these platforms could be a good choice depending on your specific requirements, but we recommend OneSafe for its innovative approach and comprehensive features. Ultimately, the best choice is the one that aligns most closely with your financial goals and lifestyle.