NUMBER26 launch of Maestro Card improves the smartphone account

 Maestro Card

Maestro Card guarantees payments in over 650.000 locations in Germany and Austria

Starting immediately, Number26 customers may request a Maestro Card in addition to their MasterCard. Both cards can be completely managed by the Number26 smartphone app, which enables card blocking or reactivation with just one click. The Berlin­based FinTech Number26 now offers customers in Austria and Germany a Maestro Card for their bank accounts. Over 90.000 customers have placed their trust in Number26 and their made­for­the­smartphone style of banking. This has translated to a five­star rating in the Apple Store and a 4.1 / 5 rating in the Google Play Store. On top of that both Apple and Google named Number26 to their prestigious Best Apps of 2015 lists.

Number26 has the vision to build a pan­European bank tailored to today’s digital consumer. The addition of the Maestro Card is the next step in the company’s goal to offer minimalistic, on­demand banking ­ how it should be.

Customers who want to request the NFC­enabled Maestro Card can do so directly in the app. It takes just a few seconds, and after confirmation of the shipping address the Maestro Card is issued. The only condition is that the customer needs to have transferred a sum of €100 to their account. Like all the basic functions of the Number26 bank account, the Maestro Card is free of charge. This is made possible thanks to modern technologies, automated processes and a lean organizational setup, resulting in an efficient cost structure.

Furthermore, Number26 has paved the way for new functions by applying modern technology to traditional banking’s core processes. For example, all transactions are instantaneously confirmed by Number26 via push notifications and posted to the account. This offers the customer a real­time and transparent view over his or her account. Customers also have complete smartphone control of the Maestro or MasterCard functions, for example whether the cards are authorized for use abroad, online or at ATMs. Should a card be lost or stolen, the customer can block it with just a click in the app. There is no need to wait on hold for customer service support.

“The launch of our Maestro Card not only completes our core bank account features but also shows how easy it is to manage the card with a smartphone.,” said founder and CFO Maximilian Tayenthal. “We at Number26 believe that banking can be fundamentally better. That’s why we offer functions and features on the smartphone which would be time­consuming or tedious at many traditional banks.”

As further examples, Number26 offers:

● Cash26​: allowing customers to deposit or withdraw cash at more than 6,000 retailers throughout Germany ­ that’s more than the combined number of branches of Deutsche Bank, Commerzbank, and Postbank. This function replaces the classical bank branch with the smartphone.
● Overdraft​: Customers can get credit approval in seconds and access the feature with just a click.
● Moneybeam​: Instant transfer of money to friends via SMS or email, regardless of where the recipient has an account.
● Smart statistics​: instant categorization of expenditures to help with budgeting and money control

Source:NUMBER26

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