PYMNTS

DECEMBER 10, 2019

N26 was founded in 2013 by Valentin Stalf and Maximilian Tayenthal. N26 partners with Axos Bank to offer a Visa debit card and FDIC-insured checking account. Cash withdrawals are free at more than 55,000 Allpoint designated ATMs and customers also get two free out-of-network withdrawals per month.

Digital Banking 131

Digital Banking Cards US FDIC 131

Fintech Labs Insights

NOVEMBER 10, 2023

Consumers have been banking online for 28 years. And from the very beginning, there have been pure-play digital banking startups. The first, online bank Security First Network Bank (SFNB) launched in 1995, just a year after Amazon.com. But unlike ecommerce, digital-only banking was slow to catch on.

Digital Banking 15

Digital Banking Online Atlanta Las Vegas 15

PYMNTS

JULY 11, 2019

And, according to the announcement, N26 partners with Axos Bank to offer a Visa debit card and FDIC-insured checking account. Valentin Stalf and Maximilian Tayenthal started N26 in 2013. launch is a major milestone for N26 to change banking globally and reach more than 50 million customers in the coming years.”

Mobile 121

Mobile US United States FDIC 121

PYMNTS

MARCH 18, 2019

According to the Federal Deposit Insurance Corporation (FDIC), the percentage of unbanked Americans fell to its lowest level since the 2007-2009 financial crisis. The account had no monthly fee, as long as the customer accessed statements online and did not use a bank teller. In 2017, 6.5 percent of 129.3 million U.S. fee each month.

America 175

America Survey FDIC System 175

PYMNTS

JANUARY 30, 2018

fee was charged each month that the digital customer opted to use a bank branch for services or if they did not make the direct deposit. The program was intended to compete with the “digital only” banks popping up at the time. Three years later, in 2013, Bank of America stopped enrolling new customers in the program.

America 109

America Maryland FDIC Millennials 109

NCR

APRIL 15, 2016

According to the FDIC, the total number of banking and thrift charters declined from around 20,000 in 1980 to 6,812 at the end of 2013. A long list of financial institutions has been swallowed up by mergers and acquisitions, and many more have simply disappeared.

Security 40

Security Knowledge Base FDIC Mobile 40