A multi-currency European IBAN wallet for receiving euros, converting between the currencies you hold, and sending money on by SEPA or SWIFT.
Known issue: No card for Algerians, so you cannot spend from the euro account directly.
Status
| StatusWhether an Algerian can open it and whether it works. Not how many features it has. | Limited |
|---|
Account details
| EUR IBANAn address for receiving euros from within the EEA, in your own name. | Yes |
|---|---|
| GBP accountAn account number and sort code for receiving British pounds from within the UK. | No Only euros can be received. |
| USD ACHAccount and routing numbers for receiving dollars sent from inside the United States. The cheap everyday rail — but the sender must be in the US. | No |
| USD wireDetails for receiving dollars sent from outside the United States. Works from almost anywhere, but costs more and takes longer than ACH. | No Money arrives in euros, by SWIFT, into the same IBAN. |
| StablecoinAn address for receiving stablecoins such as USDT or USDC. | No |
What it costs
| Compared across banks | |
|---|---|
| OpeningA one-off charge to open the account. | Free |
| MonthlyWhat the account costs every month on the cheapest usable plan. | Free |
| Foreign spendCharged when the card currency differs from the merchant currency. | Not supported |
| ATMWhat it costs to withdraw cash at an ATM. | Not supported |
| Virtual cardA one-off charge to issue a card that exists only in the app. | Not supported |
| Physical cardA one-off charge to issue a plastic card posted to you. | Not supported |
| What else Paysera charges | |
| Receiving euros | Free by SEPA, 3 EUR by SWIFT Free when the payer is in Europe. From outside Europe, 3 EUR below 10,000 EUR and 5 EUR at or above it. From 15 December 2026, 5 EUR at any amount. |
| Leaving the account unused | 10 EUR/month Charged once the account has gone a year without use. |
| Currency conversion | No fixed margin published The market rate plus a margin that varies by currency. |
| Transfers to other Paysera accounts | First 30 a month free After that, 0.10 EUR per transfer. |
| SWIFT surcharge on a business account | +5–30 EUR None is stated for a personal account. |
Card
| TypeWhether the card is virtual, physical, or both. | None |
|---|---|
| NetworkWhich network the card runs on — this decides where it is accepted. | None |
Opening an account
| Sign-upWhich identity documents you need to open the account. | National ID OK |
|---|
| PayingWhether you can use it to pay with PayPal. | No |
|---|---|
| WithdrawingWhether you can move money from PayPal into it. | No |
Bank account — Paysera's European IBAN does not qualify. Card — No card to link. An Algerian PayPal account can only link a US bank account. PayPal charges a flat $5 for an on-demand card withdrawal, and nothing for a scheduled monthly payout. This applies to every card, not just this one. | |
Paysera in particular
| Card for Algerians | Blocked at the last step The order form opens, then ends with "available for EEA residents only". |
|---|---|
| Multi-currency wallet | ~30 currencies |
| Gold | Buy and hold gold |
