N26 from an unsupported country

[evildoer93]

I have opened an account with N26 while I'm a resident of an unsupported country. They only asked for my ID, and when I signed up I used my friend's address who is located in a supported country. So far had no transactions with them and I don't plan to make transactions for quite some time. I don't even plan to use their card. For Tax info, I used my real tax number from my country.

Does anyone know if N26 closed anyone's account on a basis of not living in the country where they registered? I have searched the internet and so far I haven't found such a case.

 

[GlobalConsult]

Sooner or later the account will be closed, at the latest when they discover that the TIN does not match your home address.

I don't understand why some think they are smarter than the banks and the systems.

So if you're not doing any transactions, why bother to open an account? Which will certainly be closed again.

 

[JohnLocke]

evildoer93 said:
Does anyone know if N26 closed anyone's account on a basis of not living in the country where they registered? I have searched the internet and so far I haven't found such a case.
Click to expand...

as mentioned here in the thread already you are asking for trouble by doing it the way you did.

I would get myself a utility bill for my own address, contact N26 and tell them that you moved to that address, so you may avoid any account closure.

Toggle signature

>> Unlock the Power of OffshoreCorpTalk: Become a Member of the Mentor Group Gold <<​

Latest Video Interviews, Offshore Company Resources, Payment Processing Tips & Tricks, Articles and Anonymity Hints only a click away!
Support the Freedom of Speech of our Community

Disclaimer: Nothing I say should be taken as tax, legal or financial advice. Anything I say is for general informational purposes only. Always seek independent professional advice.​

 

[zzzzzz]

James Spader said:
I would get myself a utility bill for my own address, contact N26 and tell them that you moved to that address, so you may avoid any account closure.
Click to expand...

Let's say you have account with N26 for years, you move to unsupported country, and you give them necessary documents - do they close your account or not?

 

[evildoer93]

Don't notify them; they will close your account as soon as they find out you've moved to an unsupported country. They can only find out you live in an unsupported country through ATM withdrawals and paying at POS terminals, so don't use their card.

My account still works fine.

 

[Sols]

evildoer93 said:
Don't notify them; they will close your account as soon as they find out you've moved to an unsupported country. They can only find out you live in an unsupported country through ATM withdrawals and paying at POS terminals, so don't use their card.
Click to expand...

If you ever send money to this account from another account which has your current address on file, N26 can see your new address since it's included in the incoming transaction. They probably don't look at every single transaction but the risk is there.

Toggle signature
This is the probably the answer to your question.

 

[JackAlabama]

evildoer93 said:
Don't notify them; they will close your account as soon as they find out you've moved to an unsupported country. They can only find out you live in an unsupported country through ATM withdrawals and paying at POS terminals, so don't use their card.

My account still works fine.
Click to expand...

Nothing speaks against taking a trip sometimes 😉

 

[zzzzzz]

Sols said:
If you ever send money to this account from another account which has your current address on file, N26 can see your new address since it's included in the incoming transaction. They probably don't look at every single transaction but the risk is there.
Click to expand...

+ If you deregister for tax purposes from your EU country, that taxman will get CRS info that you still use N26 with your old address, old tax jurisdiction and still have ties. A recipe for tax investigation if you're really tax nonresident or not.

 

[JackAlabama]

zzzzzz said:
+ If you deregister for tax purposes from your EU country, that taxman will get CRS info that you still use N26 with your old address, old tax jurisdiction and still have ties. A recipe for tax investigation if you're really tax nonresident or not.
Click to expand...

That depends on your local laws.
Some places allow this as long as you do not live there or have more ties elsewhere.