Braise to Trade Republic
N26 attracts customers with a toll -free stock trade
24.01.2025Reading time: 2 min.

The smartphone bank N26 wants to buy again and attracts with a free stock trading. The Neo-Bank earns money elsewhere.
The competition among the Neo banks and smartphone brokers in Germany is tightening: The Berlin start-up N26 will abolish the fees for stock and ETF trading next week. The bank waives transaction fees, costs for currency bills, deposit management fees and inactivity fees.
With this initiative, N26 is mainly against the Berlin Neo-Broker Trade Republic, which in turn is currently trying to win customers with comparatively high interest rates for overnight deposits. With its free stock trade, N26 also strives to keep the largest European Neo-Bank Revolut from Great Britain on the market in Germany. A week ago, Revolut had only introduced to free ETF savings plans throughout Europe and thus also in Austria, Germany and Switzerland.
N26 co-founder Maximilian Tayenthal said last year only one of seven people in Germany invested on the stock market-with a declining trend. “With our simple and intuitive platform and the deletion of all our fees, we have the best offer on the market.” This step wants to encourage the growing number of N26 customers across Europe to start their investment career.
From November 2021 to June 2024, the smartphone bank N26 was limited by an edition of German banking supervision Bafin. The Bafin had previously found that the Berlin start-up had grown too quickly and had not undertaken enough against the abuse of individual N26 accounts through money laundering and finance fraud.
N26 earns money in several places. This includes fees that are due when using the N26 credit card or subscription fees for premium accounts that contain insurance products, for example. N26 also achieves sales with interest for overdraft facilities. N26 also invests customer deposits in interest -bearing systems.