Overview

• N26 will no longer charge fees for stock and ETF trading, including transaction fees, currency conversion costs, account maintenance fees, and inactivity fees.
• The move is part of N26's strategy to compete with rivals like Trade Republic and Revolut, which have also introduced attractive investment options.
• This initiative follows the end of a regulatory growth restriction imposed by Germany’s BaFin due to concerns over rapid expansion and inadequate anti-money laundering measures.
• N26 co-founder Maximilian Tayenthal emphasized the platform's simplicity and the goal of encouraging more Europeans to invest in the stock market.
• The neobank continues to generate revenue through credit card fees, premium account subscriptions, overdraft interest, and investments of customer deposits.