Multi-currency accounts for digital nomads
Multi-currency accounts let you hold, convert and spend several currencies with low FX costs. Protection varies: a bank licence brings deposit insurance in that country; an e-money licence means your money is safeguarded (kept separate) but not covered by deposit insurance.
Comparison
| Product | Rate / return | Cost | Conditions | Promo end | Protection | Risk | Verified | Link |
|---|---|---|---|---|---|---|---|---|
| Wise – multi-currency account + Interest | Wise Interest (a fund, not a deposit): 3.29% GBP, 3.61% USD, 2.25% EUR variable, after annual fee (rates updated 23/09/2026, UK page) | Fund annual fees apply (e.g. 0.55% GBP, 0.28% USD, 0.26% EUR) | Past performance not a guarantee. Availability depends on your country. | n/a | Interest is a fund investment; check your local Wise entity for protection | medium E-money / fund, not a bank deposit | ✅ official source for Wise – multi-currency account + Interest | |
| Revolut – multi-currency account | pending verification | pending verification | Entity, licence and protection depend on your country of residence. | pending verification | pending verification | medium Protection depends on entity | ⏳ pending verification official source for Revolut – multi-currency account | Open Revolut →referral link: we may receive a bonus if you sign up |
| ARQ (formerly DolarApp) – digital dollars | pending verification | pending verification | Works with stablecoins/digital dollars; availability by country. | pending verification | None (stablecoins are not deposits) | high No deposit insurance | ⏳ pending verification official source for ARQ (formerly DolarApp) – digital dollars |
Order: as collected, not a sponsored ranking. "Pending verification" values could not be confirmed on the official website and must not be used to decide. Sources: "official source" link in each row · how we read protection.
Not sure whether to save or invest? Take the Save, invest or both? quiz or read the basics.
Frequently asked questions
Is Wise or Revolut a bank?
It depends on the entity serving your country. Check the legal entity and licence on the official site for your country of residence.
What is safeguarding?
E-money firms must keep customer funds separate from their own; it is not the same as deposit insurance.
Is ARQ (ex-DolarApp) protected?
It works with digital dollars/stablecoins; there is no deposit insurance on stablecoins.