Bank account N26: why is it better than a Postepay?

20 reasons to choose N26 over prepaid Postepay, with the advantage to have a bank account manageable from your smartphone

Compare N26 and Postepay

N26 vs. Postepay: Fixed costs

N26Postepay StandardPostepay Evolution
Issuing fee0€10.00€5.00€
Min. amount requested to open0€5.00€10.00€
Yearly fee0€0€10.00€
Total0€15.00€15.00€

Straight at the opening it is clear that the N26 account is the most convenient, not requiring any initial fee. Now let's move on to variable costs, assuming that users withdraw 4 times in a month (2 from ATM Postamat and 2 from bank branches in Italy and euro zone):

N26 vs. Postepay: Variable costs

N26Postepay StandardPostepay Evolution
Fees on withdrawals from ATMs Postamat0€1.00€0€
Fees on withdrawals from banks in Italy and in the euro zone0€1.75€2.00€
Fees on withdrawals from banks out of the euro zone1.75%not available5.00€
Fees on bank transfers in euro0€not available1.00€
Total0€Withdrawals 5.50€ and Bank transfers not availableWithdrawals 4.00€ and Bank transfers 4.00€

N26 is again the most convenient. Let's now examine the limits on withdrawals, deposits and payments:

N26 vs. Postepay: Limits

N26Postepay StandardPostepay Evolution
Yearly limit on depositsNoYesYes
Daily limit on withdrawals from bank ATMs2,500€250€600€
Daily limit on payments5,000€3,000€3,500€

N26 has no yearly limits on deposits, unlike Postepay Standard and Evolution, and has the highest limit for withdrawals from bank branches.

N26 vs. Postepay: Other characteristics

N26Postepay StandardPostepay Evolution
IBAN includedYesNoYes
Mastercard included for freeYesNoYes
Open in 8 minutes through the AppYesNoNo
In App notifications on each transactionYesNoNo
Possibility to transfer money via bank transferYesNoYes
Instant transfers to your Contacts who are customers of your bankYesNoNo
Stats in AppYesNoNo
Change your PIN in the AppYesNoNo
Possibility to link the card to the App with bank accountYesNoNo

With N26 you can do everything, whilst with Postepay you have several limitations.

*Data obtained from the official Fogli Informativi in March 2018

Foglio Informativo Postepay Standard

Foglio Informativo Postepay Evolution

Foglio Informativo N26

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