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  • Writer's pictureMagdalena Gołębiewska

Shared Spaces Beta: a new way to share money in N26 account

N26 just announced launch of a new feature – shared banking!

Today, N26 have launched the beta phase of Shared Spaces — a shared sub-account that gives you a new way to manage money with family, friends and loved ones.

Shared banking with the people you trust

This latest feature is an expansion of N26 Spaces sub-accounts. While the existing feature lets you create personal sub-accounts that hold and set aside money for individual goals, Shared Spaces is a shared banking feature that empowers you to save towards shared goals with your nearest and dearest.

Shared Spaces gives a simple and flexible way to save up, put aside and share money with others. So, how does it work? Soon, N26 You, Metal and Business You bank account holders will be able to invite up to ten people to a space, giving them access to a place where they can collectively share their money. As long as the person is someone you know and trust, you’ll be able to choose any user with an N26 bank account to participate.

When will Shared Spaces be widely available?

Shared Spaces is currently being tested with a small group of customers and is expected to be made available to N26 You, Metal and Business You bank account holders in Europe in the coming months.


By inviting a N26 customer to become a participant of a shared space, you are granting them Power of Attorney over this sub-account. The Power of Attorney means that participants have the right to freely transfer all funds in and out of the shared space on your behalf. The funds can be transferred to the participant’s main account, a personal space of the participant or any other accessible shared space. Essentially, by inviting a participant to a shared space, you are granting them full access to all the money held within that shared space, so be careful to only invite people you know and trust to a shared space. You can declare the invitation in the N26 WebApp or N26 Mobile App simply by accessing the space, you wish to share. A shared space is not a traditional joint account where both users involved jointly own the account and the funds within the account.

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