N26 Launches Joint Accounts to Help Customers Build ‘Healthy Financial Habits’ Together

N26, a European digital bank, has launched joint accounts, enabling customers to manage their personal finances as well as finances shared with a partner within the N26 app.

N26 explained it hopes the move will reduce complexity and make it easier than ever to budget, track expenses, and achieve financial goals together.

The new feature will now be available to customers across 21 new markets, including Austria, Belgium, Denmark, Greece, Ireland,  Lithuania, the Netherlands, Norway, Poland, Slovakia, Slovenia, Spain and Switzerland.

Customers of the digital bank in these markets with accounts across all personal membership tiers, including the free N26 Standard, can now create a joint account with just a few taps. The feature enables users to filter expense information by participant and keep track of the joint monthly budget, promoting healthy financial habits. Smart insights and full legal ownership for both participants offer added safety and transparency.

Building healthy financial habits

Valentin Stalf, founder and CEO of N26, explained: “N26 customers can open a joint account with their partner or loved one in just a few taps, without complexity or tedious paperwork. This way, our customers can easily manage their personal and shared finances within the N26 app, while building healthy financial habits and achieving their financial goals together.”

Each N26 customer can create one joint account, with a maximum of two N26 customers participating in a joint account together. Every joint account also comes with its own dedicated IBAN, making shared expenses like rent payments or household expenditures easy to manage and split.

N26’s joint accounts will complement its existing ‘Shared Spaces’ feature, which allows customers with a premium subscription to create shared sub-accounts with close contacts without the long-term commitment of a joint bank account.

Shared Spaces enable customers to budget for holidays and leisure activities with friends, split expenses with roommates, or share larger gifts and purchases, where the owner of the Shared Space is legally the owner of the funds held within.