Is N26 unavailable in Canada? Here are your alternatives

N26 is a digital-first bank known for its no-fee chequing accounts, sleek user-friendly app, and strong presence across the EU. Unfortunately, it's not available in Canada, and there aren't any confirmed plans for an expansion anytime soon.

If you're looking for a modern banking experience with low fees and strong digital tools, several Canadian alternatives offer similar features. This guide compares five popular options, including Wise, to help you choose the best fit for your everyday finances.

What standards have we used to compare them?

To help you find the right alternative to N26 in Canada, we're comparing providers across the following three key areas:

Features

Whether each provider offers chequing or spending accounts, savings options, and key tools like mobile apps, international transfers, and spending insights.

User experience

Each option is assessed based on mobile app reviews (App Store and Google Play), customer satisfaction (Trustpilot Canada), and ease of use.

Pros & cons

Each provider has a quick summary of its main strengths and trade-offs to help you decide at a glance.

Tangerine

Tangerine is a fully digital bank owned by Scotiabank. It offers a no-fee chequing account, multiple savings options, and investment tools. With mobile wallet support and access to 3,500+ Scotiabank ATMs in Canada and 44,000 global ATMs¹ through the Global ATM Alliance, Tangerine works for Canadians who want convenience and simplicity. However, it doesn't offer in-person banking, which could be a problem for those who still like face-to-face banking, and there's no wire transfer support in or out of your account.

Features and options

• Account types: No-Fee Daily Chequing, various savings accounts
• Fees: No monthly account fees, free Interac e-Transfers, unlimited daily transactions
• ATM access: 3,500+ ATMs in Canada, 44,000 worldwide¹
• Spending tools: Mobile wallet compatibility (Apple Pay, Google Pay, Samsung Pay), debit protection
• Interest rates: Up to 0.30% on savings, 0.10% on chequing²
• Foreign transactions: 2.5% currency conversion fee when using your card abroad²
• Customer support: Online and phone only

Koho

KOHO is a Canadian fintech offering a flexible, mobile-first alternative to traditional banks. Instead of a standard chequing account, KOHO provides a prepaid Mastercard linked to one of three plan tiers: Essential, Extra, or Everything. All plans include budgeting tools, instant e-Transfers, cashback on purchases, and interest on account balances. Premium plans remove foreign transaction fees and offer perks like free international ATM withdrawals and access to credit-building services.

Features and options

• Account types: Prepaid Mastercard with Essential, Extra, or Everything plans
• Fees: 0/month for Essential, 12/month for Extra, 14.75/month for Everything³
• Foreign transactions: 1.5% fee on Essential; no FX fees on Extra and Everything⁴
• ATM access: 1 free international ATM withdrawal/month on premium plans³
• Spending tools: Cashback on categories like groceries and transport (1–2%), plus up to 4% interest³
• Extras: Credit-building tools, free credit score, tenant insurance, global money transfers
• Account opening: No credit check or minimum deposit required

Simplii Financial

Simplii Financial is an online banking service provided by CIBC, offering simple, no-fee banking with all the essential features for day-to-day money management. You can open and manage accounts entirely online, making it a convenient option for Canadians who want digital-first banking without monthly fees. Customers get access to over 3,400 CIBC ATMs nationwide⁶ and can also benefit from cashback credit card rewards and competitive savings rates.

Features and options

No Fee Chequing Account⁶

• No monthly fee and no minimum balance
• Unlimited debit purchases, bill payments, and Interac e-Transfers
• 300 CAD welcome bonus for new customers (terms apply)

High Interest Savings Account⁶

• No monthly or transaction fees
• Competitive interest rate (4.25% for the first 4 months, promo-based)
• No minimum balance

USD and Foreign Currency Savings Accounts⁶

• No monthly fees or minimum balance required
• Competitive exchange rates for internal transfers
• Send money internationally with no transfer fees to 130+ countries

Cashback Visa Credit Card⁸

• No annual fee
• Earn 8% cashback in the first 3 months and 4% cashback at restaurants, bars, and coffee shops
• 1.5% on groceries and drugstores
• 0.5% on all other purchases
• Add up to 3 additional cardholders with spending limits

Wise

You can use Wise to send and receive payments in multiple currencies – all in just one account.

Whether you’re sending money to family or paying a client, Wise uses the same mid-market rate for all international transactions. This is the standard exchange rate – and you’ll never pay any hidden fees with Wise.

Use Wise as an individual or a business for your international transactions – including invoicing options, batch payments, and easy integration with software like QuickBooks® or Xero®.

Let’s take a look at the pros and cons of using Wise in Canada.

Feature comparison

Here's how these five popular digital banking alternatives stack up when it comes to core features. This side-by-side table covers the essentials, from fees and cards to international support and budgeting tools.

Core feature comparison

User ratings comparison

Here's what customers have said about the alternatives we looked at on Trustpilot:

Conclusion

There's no one-size-fits-all solution when it comes to choosing the right banking or financial service alternative to N26 in Canada. Each provider offers different features and benefits tailored to various needs, from everyday banking and budgeting to international transfers and multi-currency management.

Knowing what matters most to you, whether it's low fees, multi-currency support, investment options, or seamless international transfers, will help you pick the best fit.

Among these options, Wise shines as an excellent alternative for anyone looking for transparent fees, real mid-market exchange rates, and efficient multi-currency capabilities if you frequently send, receive, or spend money internationally.

Sources verified on 21 October 2025