N26 Business vs Pennylane Comparison

Why choose N26 Business

• Has a free plan (Pennylane does not)
• Higher Cost score (8/10 vs 5/10)

Why choose Pennylane

• Higher Integration score (7/10 vs 3/10)
• Higher Scalability score (6/10 vs 2/10)
• Better fit for small business (9/10 vs 4/10)
• Better fit for enterprise (3/10 vs 1/10)
• Includes Invoicing, which N26 Business lacks

N26 Business

Pros

• The Standard plan has no monthly fee and includes a virtual card plus 0.1% cashback.
• Card payments in foreign currencies carry no surcharge on any plan.
• Spaces sub-accounts and budgeting rules help freelancers set aside money for tax.
• Metal pays 0.5% cashback and includes purchase and phone insurance.

Cons

• There is no invoicing, no native DATEV link, and no HBCI or EBICS support.
• The account holds euros only and has no foreign-currency transfers in the app.
• Companies such as GmbH or UG cannot open an account, and the company name cannot appear on the account or card.
• Basic-plan customers get no phone support, and Trustpilot users report account freezes and rejected applications.

Pennylane

Pros

• Accountants and clients work in the same shared space, which reviewers call its main strength.
• Bank transactions are categorised and reconciled automatically, based on past categorisations.
• A business account with an IBAN and employee cards is included even on the entry plan.
• It is approved for French e-invoicing, and Premium adds electronic filing of VAT and tax returns.
• A 15-day free trial and cancel-anytime billing mean there is no long-term commitment.

Cons

• Reviewers consider it fairly expensive, and there is no free plan.
• Full accounting reports and tax filing are limited to Premium.
• No payroll or CRM of its own; it relies on Payfit, Silae and CRM integrations.
• Users report slow support on complex issues, occasional bugs, and a multi-currency feature that still needs work.
• Pricing for companies with employees is quote-based on the vendor site.