How to Deposit Funds into Your nsave Account from Bangladesh
Depositing funds into your nsave account from Bangladesh involves using international transfer methods, third-party platforms, or payment services. This guide details the supported methods, step-by-step procedures, and key considerations for successful transactions.
Supported Deposit Methods
1. ACH Transfers
ACH transfers are accepted for USD deposits, but they must originate from the United States. To initiate an ACH transfer:
Open the nsave app.
Navigate to Account Details > USD Account > ACH Details.
Share the details with the sender. Ensure they select United States as the destination country and USD as the currency.
ACH deposits are free for the first 10 transfers. A $0.50 USD fee applies from the 11th transfer onwards.
2. SWIFT International Transfers
For larger or international payments, use SWIFT transfers. These steps are essential:
Open the nsave app and go to Account Details > USD Account > SWIFT Details.
Provide these details (including IBAN, SWIFT/BIC, and your name) to your local bank.
Request a USD international SWIFT transfer at your bank's branch or online.
For Prime Bank (Bangladesh):
Provide correspondent bank details from your app if required.
Copy all details precisely to avoid delays.
Note: Transactions must be sent in USD. Local currency (BDT) transfers are not supported.
3. Payoneer and Global Platforms
Platforms like Payoneer or Wise enable deposits via linked accounts. Follow these steps:
Add your nsave USD (ACH or SWIFT) account details as a recipient bank in Payoneer or Wise.
Withdraw directly from your platform balance to your nsave account.
Using Payoneer may qualify for Bangladesh's 2.5% remittance incentive.
Supported platforms include:
Payoneer
Upwork
Deel
4. Crypto deposits (in-app)
Crypto deposits are supported for nsave users in Bangladesh directly through the nsave mobile app. You can send USDC on the Solana network from any exchange or wallet, and the funds are automatically converted to USD and credited to your nsave USD balance.
For step-by-step instructions, see How to deposit crypto to your nsave account (in-app).
Key Considerations
Always verify all account details carefully in the app to prevent errors or delays.
If your bank requires additional information (like foreign addresses or a correspondent bank), use the details provided in the app.
For troubleshooting failed transfers, try alternative methods like Payoneer or Wise.
Related Topics
Understanding SWIFT Transfers: A detailed guide to successful international wire transfers.
Using Payoneer for nsave Deposits: Setup instructions for Payoneer integration.
Crypto deposits: How to deposit crypto to your nsave account (in-app)
By utilizing the methods outlined, you can securely and efficiently fund your nsave account from Bangladesh.