At nsave, we offer two tiers: Free and Pro, each with different fee structures for receiving transfers. Below is a comprehensive breakdown of the fees for both tiers.
Managing your account with nsave involves understanding how and why fees are deducted. This ensures transparency and allows users to make informed financial decisions.
Free Tier
The Free tier is ideal for users who want basic access to nsave services. Fees for receiving transfers are as follows:
Euro Transfers (SEPA In/Out): Free
UK Transfers (FPS In/Out): $1.00 per transaction
US Transfers (ACH In): 0.3% of the transaction amount
SWIFT Transfers:
SWIFT EEA In: $4.99
SWIFT In (Non-EEA): $6.39
Receive funds via payment link or card top-up: 4.5% of the transaction amount For example, when receiving £1 through GBP transfers, you might net £0.25 after a £0.75 equivalent fee.
SWIFT EEA transfers are transfers made within the European Economic Area.
Additionally, refunds might be subject to deductions due to intermediary or processing fees applied during the transaction. These deductions are often beyond nsave's control and result from external banking systems.
Pro Tier
The Pro tier offers lower fees and includes free transactions every month.
Includes 2 free transactions per month for SWIFT transfers, 1 in and 1 out, and 1 Free transaction for ACH transfer in.
After using up the free transactions, the following fees apply:
Euro Transfers (SEPA In/Out): Free
UK Transfers (FPS In/Out): Free
US Transfers (ACH In): 0.3% of the transaction amount
SWIFT Transfers (after free transactions are used):
SWIFT EEA In: $3.59
SWIFT In (Non-EEA): $3.59
Receive Funds via Payment Link or card top-up: 3% of the transaction amount (lower than the Free tier rate of 4.5%)
Key Takeaways
SEPA (Euro) transfers are always free on both tiers.
UK (FPS) transfers are free on Pro, but cost $1.00 per transaction on the Free tier.
ACH transfers (US) have a flat 0.3% fee on both tiers.
SWIFT transfers are cheaper on Pro and include 5 free transactions per month.
Receiving money via Payment Link is cheaper on Pro (3%) than on Free (4.5%).
To minimize fees, review your account plan and consider upgrading if you frequently receive international funds or make larger transactions.
Stay updated with policy changes and benefit updates by regularly checking nsave's pricing and policy announcements.
For the most updated information, visit our official pricing page. If you have any questions, feel free to contact our support team.
Regular monitoring of updates ensures you stay informed about policy changes and benefit adjustments.