We have launched Euro accounts! Today, we are proud to officially launch Euro accounts with SEPA access to provide our UK and European customers with a secure and simple way to add, hold and use EUR to buy BTC.
Powered by our FCA-regulated banking partner, Modulr, who already provide the infrastructure for our users’ existing GBP accounts, the Euro account has been designed for UK residents who get paid in EUR and customers who are based in any of our supported European countries.
Opening up a Mode Euro account incurs zero setup fees or monthly costs for users, and it means that:
- Users will receive their own Euro-denominated IBAN in their name
- Users can make free EUR (SEPA) transfers in and out of Mode
- Users can buy Bitcoin instantly using EUR
Our Euro account launch is an important milestone in making it easy for everyday investors around the world to enter the world of cryptocurrencies and own a piece of that world. Similarly, it is a key first step towards unlocking faster, easier, and more reliable ways for users to move money across Europe, as later this year, we plan to enable free and instant transfers between Mode users in EUR, GBP and BTC.
To open a Euro account, you must have a verified Mode account and be a resident of any of the supported countries. Once opened, you will be able to transfer money from your bank account to your Mode Euro account in just a few taps. Thanks to our use of cutting-edge technology, users receive an instant notification as soon as their money hits their Mode account through SEPA.
Janis Legler, Chief Product Officer at Mode, said: “Launching Euro accounts has been a top priority for the Mode team and we are finally extremely excited to have made it happen. Many of our customers hold strong ties with Europe, through business clients, family and friends, which meant that we needed to offer them a solution as soon as possible.
Today, we are proud to announce that our users can simply and securely manage their GBP, BTC and now their EUR from one single app, which we are certain will empower more people to access the new and exciting world of digital assets.
With the launch of this new feature, we wanted to demonstrate our commitment to continuing to provide value to our users and delivering enhanced banking capabilities which will offer them new ways of using Mode every day.”
Do you want to discover our app? Download Mode now: apple.co/2ZbEo8h
Mode does not provide advice to clients in relation to any purchase or use of digital assets. Please seek your own legal, tax or investment advice as you deem appropriate.
When you purchase Bitcoin, your capital is at risk which means that just as the value of Bitcoin may go up, it may also go down. The funds (BTC, GBP or EUR) you keep with Mode are not covered by the Financial Services Compensation Scheme.