We’re very much accustomed to a wide range of exciting new fintech options disrupting the world of finance. And what’s even better for Irish online casino players is that these often accommodate gambling withdrawals and deposits.
One of the best-known solutions for the tech-savvy player is N26, which has a significant presence throughout Europe and in the US.
But what exactly is N26? And while it might be great for online shopping and managing personal finances, can you expect the same benefits when playing at your favourite online casino? Let’s take a deeper dive and find out.
What Is N26?
N26 calls itself “Europe’s mobile bank” and is headquartered in Berlin, Germany. The company was founded in 2013 and has since acquired more than seven million customers.
With N26, you can spend money with various online merchants. The app also allows you to save up for events or milestones using separate pots, while you can also get a MasterCard if you want to make offline purchases.
N26 has expanded to over 20 countries and has support in various languages, including English, Spanish, and French.
What Are the Pros of Using N26 for Online Casino Deposits and Withdrawals?
Right, so now you have a better idea about N26 and why you would use this service. Before choosing whether it’s the right option for online casino payments in the UK, it’s a good idea to gain a balanced assessment of what it can offer you.
Let’s start by analysing the pros; you’ll find four of the best reasons to use N26 listed below.
N26 Allows Gambling Transactions
We might as well begin with the biggest pro of all – you can actually make gambling transactions with N26. While this might seem obvious, it’s worth remembering that some newer banking services aren’t too welcoming for this kind of activity.
With N26, you shouldn’t have any issues when depositing into your Irish online casino account – nor should you run into any problems when withdrawing. You will need to pay a fee (more on that later), but expect plain sailing otherwise.
Rapid Online Casino Deposits & Withdrawals
N26 prides itself on being “the bank you’ll love”. And since nobody likes slow payments, you won’t find the fact that N26 facilitates rapid payments too surprising to hear.
When making a transaction or adding money into your account, you’ll typically see the funds either show up or leave your account immediately. So, you can play quicker and not worry that your money has disappeared to some far-fetched corner of the internet.
User-Friendly Mobile App
Besides having such an efficient payments system, N26 has also done an excellent job developing a mobile app that is a joy to use.
The layout in N26’s app is laid out clearly, and you don’t have to worry about needing to scroll through countless tabs and pages to find what you need.
Don’t worry about security, either. You can secure your account with two-factor authentication (2FA), adding an additional layer of safety for you and your finances.
Easy Registration
If you decide that N26 is the right payment solution for you, signing up for an account takes little time. When you’re ready, you’ll need to share personal information – such as where you live, your name, and your date of birth.
Once you’ve completed the necessary steps and verified your identity, you’ll have an account ready to use when you need it.
What Are the Cons of Using N26 for Online Casino Payments?
Despite the numerous benefits you’ll enjoy when depositing at your favourite online casino using N26, it’s also essential to keep the drawbacks of using this service in mind. You’ll find the three main cons to consider listed below.
Gambling Transaction Fees
Yes, it’s true that you can use N26 for gambling transactions. However, this comes at a small price.
Whenever you use this service for online casino payments, you’ll need to pay a 3% surcharge on top of your transaction’s value. This feature has been in place since 2020 and forms part of the company’s social responsibility commitment.
If you’re a casual online casino player, N26’s transaction fee might not matter too much. But for those who deposit more regularly, you might want to think about looking for a more cost-effective alternative.
No In-Person Branch
Like other mobile banks, it’s important to remember that you cannot visit a physical N26 branch. If you need help with something or have a query, you’ll need to contact their online customer service team instead.
Having said that, N26 has a variety of customer support solutions available. You can use live chat and call their support team, along with other options.
You Can Only Use Most Features on Your Smartphone
One upper hand traditional banks continue to have over their mobile-only counterparts is having a physical presence. And on top of that, you can also use their services even if you don’t have – or don’t want to use – a smartphone.
Unfortunately, N26 also suffers from these drawbacks.
While you don’t need your mobile device to make offline transactions, you will need it for pretty much everything else. This includes adding money into your account and accessing your winnings after you’ve withdrawn them.
What Are the Alternatives to N26?
Okay, so now you’ve got a better picture of what N26 can offer you – and whether or not this service is worth using for online casino deposits and withdrawals. What happens if you decide that you’d rather try out a different mobile banking solution?
Fear not – you’ve got plenty of options to choose from.
Another popular mobile banking service you might have heard of is Revolut. Like N26, this solution is available across the EU and the UK You also won’t need to pay a 3% charge on gambling transactions.
You might also have heard of Monese, which is another popular mobile banking solution. However, you cannot use this for gambling transactions.
N26: A Useful Online Casino Banking Service, Despite the Fees
Mobile-only banking is making waves across many industries, and slowly, it’s gaining more of a stronghold within the online casino space.
N26 is one of the most popular payment methods when discussing these kinds of solutions, and it’s not hard to see why. You can set up an account easily, while you’ll also have few issues getting your money fast – whether that’s after depositing into your casino account or once you’re ready to withdraw.
Of course, you have to factor in the 3% fee on all gambling transactions when deciding if this bank is the right choice. If that’s not much of an issue for you, go ahead and sign up; if not, try one of our alternative recommendations.
