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N26 — How does N26 work? This is what you should know before opening an account! N26 (  www.n26.com  ) is a direct bank without branches that offers its products exclusively online. A separate app serves as the administration center, which customers can use to view their account balance or initiate transactions. In addition to low costs, a mobile bank also has other advantages, but not having a contact person on-site can also have disadvantages. In this article, you will find out what N26 is, for whom the bank is suitable, and how the company differs from conventional banks. What is N26? As a project that   emerged from the Axel Springer Incubator, the start-up led by founder Valentin Stalf was called “Papayer” at the beginning, which became “number26” and finally “ N26 ” — a company with its banking license that investors invested with one billion euros is rated and, according to its statements, has over 500 employees and 1.5 million customers. Who is N26 for? The target group of N26