N26: Are we facing a definitive banking app?

n26 logo

Yesterday we presented you with some of the most dangerous banking Trojans and we told you what they were and how to prevent them. The reality is that, every day, millions of people stop going to financial institutions thanks to the appearance of a multitude of applications developed by them, with which we can control all aspects of our economy through our tablets and smartphones. 

In addition to the tools that allow us to control our income and expenses and make short-term forecasts, there are others that allow us to contract the services of our entities and also those that even allow us to make transfers and money transfers to third parties in a simple way. This is the case of N26, an app that aims to bring together the most outstanding of this entire family of applications and of which we will tell you about its most outstanding characteristics below.

Operation

The most outstanding features of N26 are, on the one hand, the possibility of sending through a tab with which we access Transferwise. On the other hand, and what supposes its most important aspect, is the fact that these shipments can also be done by Email and SMS. At the same time, it allows us to know in real time the status of our transactions as well as obtain information about the balance of our accounts and other obligations.

n26 app screen

Safe?

Currently, the largest number of cyber attacks occurs through malicious software directed against banking applications. In the case of N26, the system of encrypted and data protection that is applied in the German financial system and that in the case of this app, translates into the auto erase of the keys when we close the session and in the encryption of all data.

Free?

N26 does not have no cost. This has helped it reach half a million users. It does not require in-app purchases and its creators claim that every day, they get several thousand more downloads. Among those who have it in their terminals are those who value it positively in aspects such as the possibility of sync all accounts in the same app and the ease with which money can be sent, while others report the fact that there are some translation errors that can be confusing when using it. At the moment it is only available in Western Europe.

N26 — Love your bank
N26 — Love your bank
Developer: N26 Ltd
Price: Free

After learning more about another financial application, do you think that these platforms have revolutionized the way we control our economy, or do you think that they should offer better security guarantees before being released to the public? You have more related information available, such as a list of the most used tools in this field.


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