German smartphone bank N26 has launched a new premium business account with cashback on all purchases which it said will help customers get the most out of their finances.
N26 said its new "Business Metal" account will offer 0.5% cashback on all debit card purchases.
Customers will receive the money straight back into their account every month when they can reinvest it into their business or use the additional funds to help manage their cash flow.
The online bank said the new account is the next step in its efforts to create more flexible and tailored business banking experiences that are better aligned to people's daily financial needs and lifestyles.
The new account also features travel, mobile phone and medical insurance cover, which includes family members, as well as insurance for car and bike rentals.
N26 Business Metal is available for €16.90 a month to customers in Ireland, Austria, Belgium, Denmark, Estonia, Finland, France, Germany, Greece, Italy, Iceland, Lichtenstein, Luxembourg, The Netherlands, Norway, Poland, Portugal, Slovakia, Spain and Sweden.
N26 said it had reached over 100,000 customers in Ireland by December and it has more than five million customers in 25 markets.
