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Nuri review Ireland
Manage daily expenses, invest in crypto and earn up to 3% crypto rewards on Bitcoin with Nuri in Ireland.
Digital banks are more popular than ever in Ireland because of the convenient features they offer, like mobile transfers, customisable notifications and other helpful banking tools. Nuri (formerly Bitwala) goes a step further by offering access to cryptocurrency and even allowing users to earn up to 5% interest on Bitcoin. In this guide, we break down the features Nuri offers to help you decide if it’s the right digital bank for you in Ireland.
Trisha Bhullar is Finder’s Singapore-based personal finance writer. After working in digital marketing with multiple Fintech startups, she acquired a strong love for everything related to finance. Trisha is currently pursuing higher education in economics and computer science, using her knowledge to provide a millennial perspective on modern finance.
Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific
provider, service or offering. It is not a recommendation to trade.
Important update for Nuri Bitcoin Interest Account
Withdrawals from Nuri’s Bitcoin Interest Account have been temporarily paused due to Nuri’s partner, Celsius, halting withdrawals. The pause only affects the Nuri Bitcoin Interest Account — other Nuri products like the bank account, Visa debit card, Bitcoin and Ether investments and crypto wallets are unaffected. Until it receives an update from Celcius, Nuri has also temporarily paused the investment feature for its Bitcoin revenue account. Refer to Nuri’s official announcement on these changes for more information.
How does Nuri work?
Nuri (formerly Bitwala) is a German digital bank that is available to users from all over the European Economic Union — Ireland included. The digital bank champions “new reality banking”, where it goes beyond traditional mobile banking features to offer cryptocurrency tools. When you sign up for Nuri, you’ll get access to a full-feature digital bank account for spending and investing.
Nuri accounts are fee-free and support German IBAN, SEPA transfers and payments abroad. You’ll also receive a Visa debit card that gives you access to fee-free ATM transfers. Nuri also has cryptocurrency features, allowing users to invest in cryptocurrency on the go. If you open a Bitcoin Interest Account, you could earn up to 3% yield on your Bitcoin per year.
You can manage your Nuri account through the app which is accessible via your phone or the web.
You stand to enjoy a number of features with Nuri in Ireland, including:
Fully digital banking. The account-opening process is completely virtual, and you can manage your finances from the comfort of your mobile phone.
Easy online payments. Nuri’s accounts are equipped with a German IBAN, SEPA transfer capabilities and other international payment features.
Free debit card and ATM withdrawals. You’ll receive a free Visa debit card with your account, which you can use for unlimited free ATM withdrawals.
Security. Manage your account through the mobile app, including locking or unlocking your debit card if you encounter security issues.
Personalised notifications. You can customise Nuri notifications to stay on top of your recent transactions or cryptocurrency prices.
Bitcoin Interest Account. This feature allows Nuri’s users to earn up to 3% yield on their Bitcoin, which is paid out on a weekly basis.
Cryptocurrency savings plan. Nuri automatically invests in cryptocurrency according to a schedule you choose.
Portfolio charts. Track your cryptocurrency investments at a glance with Nuri’s portfolio charts.
Wallets and Vaults. When you invest in cryptocurrency, you can choose beginner (Nuri-held keys) or advanced (user-held keys) cryptocurrency wallets.
Tax remedies. Nuri’s partner, CryptoTax, offers ready-to-submit crypto tax reports, making it easier for users to deal with taxes.
Education tools. Explore a range of education tools, from blog posts to guides, to learn more about investing and managing your money.
What are the account options?
Nuri offers one digital banking account that comes with online banking tools, a debit card and crypto investment capabilities. If you’re interested in Nuri’s Bitcoin Interest Account, all you have to do is open your Nuri app, select “Wealth” and click “Open Bitcoin Interest Account”.
The Nuri digital bank account is a great choice for those in Ireland who are interested in cryptocurrency investments and want to seamlessly invest in crypto through a fiat bank account. You should go a step further to enable the Bitcoin Interest Account if you’d like to shoulder some additional risk in exchange for passively earning rewards on your Bitcoin investments.
Fees and limits
There are a few fees and limits that come with a Nuri digital bank account in Ireland. These include:
Crypto trading fee. A 1% trading fee, plus network fees, applies for buying and selling cryptocurrency.
Minimums for Bitcoin Interest Account. A minimum of €10 in Bitcoin is needed for opening a Bitcoin Interest Account.
Minimums for 24/7 crypto investing. Round-the-clock crypto investing is available from €30 up to €25,000 per trade.
Trading limit for 7 days. No more than €50,000 can be traded in any 7-day rolling period
Cash withdrawal limit. While there are no fees for ATM withdrawals, the maximum amount that can be withdrawn is €1,500.
Replacement card fee. Ordering a replacement Visa card will cost €9.50.
Pros and cons
Fee-free banking. Enjoy zero transaction fees on transfers and ATM withdrawals.
Crypto tools. Invest in crypto or earn rewards on your Bitcoin in a few swipes.
Customer support. Contact customer service either through the app or via email.
No multicurrency support. You can only make transfers in Euros.
Limited banking features. Compared to other digital banks, the app does not have traditional budgeting and savings features.
Nuri is a great option to consider for those in Ireland who want convenient banking tools but also have an interest in cryptocurrency investments. It offers essential tools you’d expect from a digital bank, like SEPA transfers and a fee-free debit card. But it also goes beyond this to make it very convenient for users to fund their cryptocurrency investments. Users can toggle back and forth between their investments and savings to get a good picture of their financial accounts. The Bitcoin Interest Account, in particular, is a unique tool that could appeal to Bitcoin investors looking for a passive income.
Experiences from other Nuri users
VIALET scores 3.3 out of 5 based on 2,330+ reviews and is rated Average on Trustpilot.
# of reviews
What do customers say
3.3 / 5
“I’m using Nuri since day one and really like It. With the savings plan, I can invest automatically in BTC and ETH and grow my wealth to become financially independent. Thank you.” — N.T
“I have been using Nuri for 12 months or more and to be honest I don’t have enough words to describe how satisfied I am with (the) support provided. For anyone looking (to) get into Crypto and (wants) to be able to spend crypto without much fuss, Nuri is the perfect tool for the job. With Nuri, you can basically use your BTC and ETH and be able to withdraw directly from any ATM worldwide.” — Tchize De Lemos Matias
“Everything is good but sometimes (the) support team does not reply (to) the ticket we made. I have made a couple of tickets but no answer even after a week. Please let me know about it. I think it’s better to have a live agent because sometimes it may be an emergency situation.” — Greenbay
*Note: The information provided is based on the reviews and the rating on Trustpilot (20 July 2022).
How to sign up
Opening an account with Nuri is a quick and easy process.
To open an account, you must be a resident of the European Economic Area or Switzerland, as well as above the age of 18.
If you qualify for an account, you can sign up by first downloading the app or visiting their website. Begin the account registration process and fill in your personal details. After accepting Nuri’s terms and conditions, you’ll need to verify your identity with IDnow via a video call. The verification process requires you have an accepted passport or identity card and a printed copy of your proof of address to hand.
The overall account-opening process typically takes less than 24 hours.
To add funds to your Nuri account, send a SEPA transfer to your Nuri IBAN or send Bitcoin directly to your Nuri wallet.
No, Nuri does not currently offer a virtual debit card.
Nuri allows bank transfers in Euros.
Nuri bank accounts are legally licensed by Germany. Bank accounts are hosted by Solarisbank, so deposits are insured up to €100,000. Nuri accounts also come with a range of security features like 2FA authentication.
Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly
volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of
future performance. Consider your own circumstances, and obtain your own advice, before relying on this information.
You should also verify the nature of any product or service (including its legal status and relevant regulatory
requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may
have holdings in the cryptocurrencies discussed.
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