German digital bank N26 announced last week the launch of its new flexible business accounts for freelancers called N26 Business Black. According to N26, the N26 Business Black comes complete with comprehensive trip insurance from Allianz and users may travel worry-free with foreign medical cover based on the Insurance General Terms and Conditions.
N26 also revealed that Business Black also comes with the signature N26 Black features meaning users don’t get charged percentage fees on foreign currency ATM withdrawals. They also get a 0,1% cashback on all purchases they make with their Mastercard.
“As a premium account, Business Black lets you have up to 10 simultaneous spaces (sub-accounts). Spaces is one of our newest products which lets you break up your money into different sub-accounts so you can save towards a goal, or just better organize your money. For freelancers this can be very useful; it’s handy to break up your expenses by category. So maybe you have a travel expenses space, a business trip food space, or a space for an online course in UX design. It’s all up to you; we just want to help you get to where you want to go.”
To receive Business Black, customers must sign up before the end of October to get free subscriptions of Debitoor and Zervant. N26 is currently offering a 3-month trial of Zervant if you are from Austria, Germany, or France. All customers have access to a risk-free 3-month trial of Debitoor, regardless of country.
The launch of the new freelancer business accounts comes just a few months after N26 announced it now serves more than one million customers across the European continent. The digital bank also revealed it has doubled its customer base and its monthly transaction volume exceeds €1 billion.