How to apply for an overdraft?

You can apply for an overdraft directly in the N26 App‌ — ‌no paperwork needed. You’ll see in real time whether you qualify and, if so, the limit we can offer.

The N26 Overdraft is a credit facility that allows you to overdraw your account up to a pre-approved limit. This is different from an incidental or “tacit” overdraft, which occurs when your account goes negative without a formal agreement. Interest rates for each case differ and can be found in the price list.

To apply:

• Open the N26 App and log in.
• Select Finances > Add more > N26 Overdraft, and follow the steps shown.
• You can view interest details, adjust your limit, or cancel your overdraft anytime in the same tab.

The current fixed interest rate is 11% PA (11.63% Annual Percentage Rate). You can find more information in the N26 Overdraft Terms and Conditions.

Your eligibility and overdraft limit are determined automatically based on an assessment of your financial situation and creditworthiness.

This assessment combines statistical analysis and factual checks based on your personal and financial information, such as:

• your N26 account activity, including incoming and outgoing payments and repayment history,
• your income and expenses, to estimate your repayment capacity;
• your external credit information obtained from credit reference agencies, which includes your credit rating and any records of payment defaults; and
• other factual eligibility criteria, such as how long your account has been open or whether your account is subject to any legal restrictions.

These checks help us make responsible lending decisions and ensure that credit is offered fairly and sustainably, in line with our internal credit policies and risk appetite. You can find more details about the personal data we process and your rights in our Privacy Policy.

Your eligibility and overdraft limit are determined automatically based on the assessment described above of your financial situation and creditworthiness.

If you followed the application steps and didn’t get an offer, it means the information currently available didn’t meet the eligibility criteria or support a positive assessment of your creditworthiness.

This could be because:

• your account is new or has limited history,
• we have insufficient income information,or
• your credit information obtained from credit reference agencies shows existing payment issues.

You can try again later‌ — ‌changes in your financial situation or account activity may lead to a different outcome.

If you did receive an offer but the limit is lower than expected, this means that, according to the information currently available‌ — ‌including your estimated repayment capacity‌ — ‌we can responsibly offer only the amount shown in your N26 App.

The limit offered reflects both your individual financial situation and our current risk appetite, ensuring that credit is provided fairly and sustainably.

If you believe the automated decision was incorrect, you can request a human review, express your point of view, or contest the outcome. To do so, contact our Customer Support team. (new tab)

The N26 Overdraft is a dynamic credit product, meaning it's subject to ongoing automated checks to ensure it remains appropriate for your current financial situation.

These checks help us continue to make responsible lending decisions, ensuring that credit remains offered fairly and sustainably, in line with our internal credit policies and risk appetite.

Each month, we automatically reassess your eligibility and N26 Overdraft limit as described above, using the most recent information available.

Your limit may be reduced or the overdraft facility canceled if:

• your financial situation or creditworthiness has declined (for example, due to repeated repayment delays),
• you no longer meet the minimum eligibility criteria, or
• our internal credit policies or risk appetite have changed.

If such changes affect you, we’ll ensure that you are informed.

If your N26 Overdraft is canceled while your account has a negative balance, the overdraft will be capped to prevent further use, but any outstanding amount remains and must be repaid.

If you believe an automated decision was incorrect, you have the right to request a human review and to express your point of view. Please contact us.

If you cancel your N26 Overdraft while your account has a negative balance, the outstanding amount and any accrued interest become due immediately.

You’ll lose the ability to borrow once your account balance reaches 0.

To reactivate N26 Overdraft in the future, you’ll need to apply again‌ — ‌reactivation isn't guaranteed.

Please repay the outstanding amount promptly to avoid additional fees or reminders to top up your account. You’ll need to repay the outstanding amount within a maximum period of two months.

At the moment, we don’t offer limit increases, but we’re working to make this possible in the future.