If someone in Europe is paying you, the cheapest way to get that money into nsave is to receive it in EUR via SEPA into a dedicated EUR account. This avoids currency conversion and keeps your funds in euros until you need them.
The short answer
Open a EUR account and share your EUR IBAN. Ask the sender to pay you in EUR over SEPA.
Opening a EUR account costs $5.99 one-time on Standard (waived for EU residents). On Pro, it's free.
From 30 September 2026, keeping a EUR IBAN open costs $0.99/month on Standard. Pro subscribers pay neither fee.
Receiving EUR via SEPA is free.
No conversion — the euros stay as euros.
SEPA is usually cheaper for the sender too — international wire transfers typically cost more, and the sender's bank sets those fees.
Already happy holding USD? You can also receive euros into your USD IBAN — they'll be automatically converted to USD on arrival. More on that below.
USD and EUR accounts share one IBAN
If you have both a USD and a EUR account on nsave, they run on a multicurrency IBAN — your USD and EUR account details show the same IBAN and BIC. They are two balances behind one set of bank details, not two separate accounts with different IBANs.
EUR sent to your USD IBAN → accepted. Euros are automatically converted to USD and credited to your USD balance.
EUR sent to your EUR IBAN → accepted. Euros stay as euros in your EUR balance (no conversion).
EUR sent to your GBP IBAN → not supported. The transfer will fail or be returned.
Your options for receiving euros
Option A — EUR into a EUR account
Best if you want to hold euros or convert to USD/GBP on your own schedule.
Incoming SEPA: free
No conversion on arrival — euros stay as euros
Typically arrives in a few hours on business days
Convert to USD or GBP inside the app any time (24/7, instant)
Usually cheaper for the sender than an international wire
Option B — EUR into your USD IBAN
Best if you want USD directly and don't need a separate EUR balance. Share your USD account details (IBAN). nsave automatically converts the incoming euros to USD and credits your USD balance. No extra steps on your side.
GBP accounts cannot receive EUR
Your GBP account is not part of the USD/EUR multicurrency IBAN. You cannot receive EUR payments into a GBP account. Use your EUR or USD IBAN for incoming euro payments.
What about non-euro European currencies (e.g. SEK)?
The simplest route is usually to have the sender convert to EUR and send via SEPA. Most European banks, including in non-eurozone SEPA countries, can send EUR over SEPA. nsave does not currently hold balances in SEK or other non-EUR European currencies.
How to set it up
1. Open a EUR account
Open the nsave app and go to Accounts.
Tap Add account and select EUR.
Confirm the opening fee (Standard: $5.99 one-time, waived for EU residents; Pro: free) and tap Open account.
Your EUR account details (IBAN and BIC) will be ready in a few minutes.
ℹ️ Remember: From 30 September 2026, keeping a EUR IBAN open costs $0.99/month on Standard. This fee is included in Pro.
✅ Who is excluded from EUR account fees
EU residents— the $5.99 opening fee is waived. The $0.99/month still applies on Standard.
Prior activation fee payers ($5.99 or $1.99)— per IBAN: any user who paid any activation fee for the EUR account is excluded from the $0.99 monthly fee for that specific IBAN. Opening a different IBAN currency is a new activation.
nsave Pro subscribers— both the activation fee and the monthly fee are included in your subscription.
2. Share the right details
To receive and hold euros: share your EUR IBAN and BIC.
To receive euros and get USD: share your USD IBAN and BIC (same IBAN as EUR).
Always share the full IBAN.
Tell the sender to send in EUR and choose SEPA (not SWIFT/wire) if their bank asks.
Do not share your GBP IBAN for euro payments.
3. Receive
Incoming SEPA EUR is free. SEPA transfers typically arrive in a few hours on business days. International wires can take a few business days.
Quick FAQ
My USD and EUR IBANs look the same — is that a mistake?
No. USD and EUR accounts on nsave share a multicurrency IBAN. Two balances, one set of bank details.
Can I receive EUR into my USD IBAN?
Yes. The euros will be automatically converted to USD and credited to your USD balance.
Can I receive EUR into my GBP IBAN?
No. Use your EUR or USD IBAN instead.
Should my sender use SEPA or a wire transfer?
SEPA, where available. It's the standard way to send euros within Europe and is usually cheaper for the sender.
I want USD in the end — should I use my USD IBAN or open a EUR account?
Both work. Share your USD IBAN and euros convert to USD on arrival. Or open a EUR account, receive for free via SEPA, and convert to USD whenever you like. A EUR account gives more flexibility.
Is the EUR account really free for EU users?
The $5.99 opening fee is waived for EU residents. The $0.99/month fee still applies on Standard. On Pro, both fees are included in your subscription.
Is there a minimum balance?
No. You can hold any amount, including zero.
Need help? Reach out via support@nsave.com from the Help section in the app.