N26, the mobile banking platform redesigning banking for the 21st century, today announced the expansion of its Perks rewards program through a partnership with Dosh®, the fastest growing card-linked offer platform, to help customers easily earn cash back when making purchases with their N26 debit card.
N26 account holders are automatically enrolled in the Perks program and can now earn cash back in various categories such as groceries, local businesses, big box retail and national quick service restaurants.
"The goal of our Perks program has always been to help customers save when spending with their debit card on brands they love," said Alexander Weber, Chief Growth Officer at N26. "This is now more important than ever with the impact of the recent pandemic putting financial strain on millions of Americans. With this expansion, customers will earn cash back directly in their accounts when spending on more everyday essential items like gas and groceries."
Following the initial launch of the Perks program in December 2019, this new offering powered by Dosh®, allows N26 customers to get automatic cash back at a variety of businesses, from national retailers to local restaurants. Unlike other rewards programs, customers will get money added directly back to their account without having to check back to "activate" offers, calculate a confusing points system, or deal with limited ways to use rewards. Account holders are automatically enrolled and receive cash back rewards when spending with participating merchants which will appear as a credit in their main account every 15 days. The program will also be closely monitored for customer spending activity to inform future vendors that will be added to the program.
"N26's expansion of their Perks program into cash back is going to provide incredible value to their customers at a time when many Americans could use the additional cash," said Ryan Wuerch, CEO of Dosh. "Now that Dosh is a part of Perks, account holders can automatically earn cash back simply by using their N26 card for everyday purchases."
In addition to the new rewards offering launched today, N26 also recently added features that help customers reach their financial goals within the Spaces function, the free personalized sub-accounts that enable customers to save or allocate money how they want. The new savings features allow customers to automatically set recurring payments from their main account to any given goal, or automatically round up every purchase and deposit the change into a space with an option to double, triple or multiply the round-up by five, offering more ways to help customers reach their goals faster.