nsave Card
nsave · Mastercard
nsave Card is the Mastercard (virtual and physical) from nsave, a Swiss fintech headquartered in Plan-les-Ouates (Geneva) and London, founded in 2022 and backed by Y Combinator and Sequoia. The product was built to give people from unstable economies (Egypt, Pakistan, Bangladesh, Nigeria, Turkey, Argentina and others) a custodial offshore account in USD/EUR/GBP. The Standard card has a one-time issuance fee of $1.99, while the Pro plan costs $9.99/month; the FX markup is up to 1.5%. Yearly rewards on the USD balance are stated at 3.2%-4.2%. The ATM limit is not publicly documented, so it is set to 0; check the official website.
Data & conditions
§ Amounts in USD/GBP are shown in the service's native currency.
| Account fee | Free |
|---|---|
| Multi-currency | USD, EUR, GBP |
| Interest on balance | 4.2% |
| Network | Mastercard |
| ATM withdrawal | Free |
| Free ATM limit | Non documentato pubblicamente (0) |
| Fund custody | Custodial (platform holds funds) |
| KYC | Full |
| Supported countries | MENA, AFRICA, APAC, EEA, UK · 16+ countries |
| Regulator | SO-FIT (CH) / FCA (UK) |
| Segment | B2C |
| Funding / solidity | nsave SA, with registered seat at Route de la Galaise 34, 1228 Plan-les-Ouates (Geneva), Switzerland. A fintech founded in 2022, backed by Y Combinator and Sequoia, offering offshore USD/EUR/GBP accounts to people from unstable economies. |
| MiCA / License status | EMIMSB nsave SA is a Swiss financial intermediary affiliated with the self-regulatory organisation SO-FIT. Cards and GBP/EUR/multi-currency accounts are issued via FCA-authorised EMIs in the UK (AF Payments Limited, FRN 900440; Frost Money Ltd, FRN 936270) under the Electronic Money Regulations 2011. |
Strengths
- Offshore account in USD/EUR/GBP for people from unstable economies, with a regulated Swiss base.
- Virtual and physical Mastercard with a low issuance fee ($1.99) and a contained FX markup (up to 1.5%).
- Stated yearly rewards on the USD balance (3.2%-4.2%).
- No notable sovereignty advantage documented.
Weaknesses
- Fully custodial setup with full KYC: no crypto-native control over funds.
- ATM limits and several fees not publicly documented.
- Availability subject to invites/waitlist; new card issuance reported as paused.
- Custodial: the platform holds your funds and can freeze or lose them.
- Full KYC required: verified identity, zero pseudonymity.
- Subject to regulation (nsave SA is a Swiss financial intermediary affiliated with the self-regulatory organisation SO-FIT. Cards and GBP/EUR/multi-currency accounts are issued via FCA-authorised EMIs in the UK (AF Payments Limited, FRN 900440; Frost Money Ltd, FRN 936270) under the Electronic Money Regulations 2011.): reporting to authorities and freezes on order.
Verdict
Fully custodial setup via FCA-authorised EMIs (UK), a FinCEN-registered MSB (US) and nsave SA as a Swiss financial intermediary affiliated with SO-FIT. It is not a bank: no deposit guarantee. The regulatory base is solid but protection is that of electronic money, not banking.
Zero sovereignty: custodial account with full KYC, funds under the issuer's control and no crypto-native keys. Designed for access and currency stability, not for self-custody.
Promp's editorial rating based on real fees and net annual cost. Promp reviews third-party products independently.
"Sovereignty" rating: score computed on privacy/anonymity (30%), fund control (20%), censorship resistance (20%), trustless/auditability (20%) and costs (10%). Same data, different weights.
FAQ
What network does the nsave Card use and what type of card is it?
It is a Mastercard available in virtual and physical form. The GBP/EUR cards are issued by AF Payments Limited under a Mastercard licence.
Is nsave a bank and are funds guaranteed?
nsave is not a bank: it operates via FCA-authorised EMIs in the UK, a FinCEN-registered MSB in the US and nsave SA as a Swiss financial intermediary (SO-FIT). The setup is custodial, with no bank deposit guarantee.
Sources
- Official service page Regulatory framework · Multivaluta · Regioni · Regulator · +1 Data verified on Jun 23, 2026
- intercom.help Paesi num · Supported currencies · Italia disponibile Data verified on Jun 23, 2026
- techcrunch.com Issuer · Founded Data verified on Jun 22, 2026
- todey.xyz Payment network · Fee emissione · Fx markup · Virtual card · +1 Data verified on Jun 22, 2026