Nala review
Updated October 13, 2026 · SumCue Editorial Team
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Our verdict
For people supporting family across borders in different currencies, Nala offers a global multi-currency account for receiving, holding, converting and sending money. You keep different currencies in one wallet designed for lives lived between countries and for regular help sent home.
Key facts
- Best for
- People holding and sending money across borders
- Deposit protection
- FDIC up to USD 250,000↗
- Access terms
- Multi-currency wallet (NALA app), funds held and accessible on demand in-app 24/7, no notice period or fixed term↗
- Account kind
- Easy access↗
- Legal entity
- Nala Inc.↗
- Founded
- 2021↗
- Support channels
- Email, Chat, Phone, Help-centre↗
- Official website
- nala.com
Facts checked September 26, 2026, 3 sources
Apps and profiles
- Get the app
- App StoreGoogle Play
Pros and cons
Pros
- Global wallet for receiving, holding, converting and sending money in different currencies
- Serves people in more than 35 countries across several continents
- Friend transfers for shared costs and gifts between family and friends
- Offers real-time notifications and emails showing the status of transfers
Cons
- Focused on cross-border transfers rather than wider everyday banking needs
- App based wallet with no branch network for in person service
Who it suits
- Families supporting relatives in other countries
- People living between two or more currencies
- Friends sharing holiday costs across borders
Who should look elsewhere
- People wanting branch based everyday banking
The company behind it
In the United States, services may be provided through NALA Payments LLC or affiliated entities. The business also runs a developer interface for payouts, collections and settlement across several regions.
How your money is protected
Your funds are held in United States dollar backed stablecoin with full reserves and institutional grade security. You hold different currencies in one global wallet and move money through receiving, conversion and sending functions. You follow each transfer through real-time notifications and emails that show its status. The service emphasises clarity around currency conversion and access to balances in app. Protection is framed around reserved backing, secure storage and constant visibility over where your money sits.
How Nala compares
Where Nala is available
- Available
- Austria, Belgium, Bulgaria, Canada, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Portugal, Slovakia, Slovenia, Spain, United Kingdom, United States
- Licence in United States
- Financial Crimes Enforcement Network (FinCEN) (MSB: 31000335047569), checked September 26, 2026
- Licence in United States
- NMLS / Arizona Department of Insurance and Financial Institutions (DIFI) (NMLS 2530895 / MT-2018278), checked September 26, 2026
- Licence in United States
- Georgia Department of Banking and Finance (2530895), checked September 26, 2026
- Licence in United States
- Colorado Division of Banking (500343), checked September 26, 2026
- Licence in United States
- Iowa Division of Banking (2026-0127), checked September 26, 2026
- Licence in United States
- Michigan Department of Insurance and Financial Services (DIFS) (MT0025682), checked September 26, 2026
- Licence in United States
- Missouri Division of Finance (MO-25-9665), checked September 26, 2026
- Licence in United States
- Oregon Division of Financial Regulation, checked September 26, 2026
- Licence in United States
- South Carolina Office of the Attorney General, Money Services Division, checked September 26, 2026
- Licence in United Kingdom
- Financial Conduct Authority (NALA Payments Ltd is a registered EMD agent of Modulr FS Limited, EMI FRN 900573), checked September 26, 2026
- Licence in Netherlands
- De Nederlandsche Bank (NALA Payments Netherlands B.V. is a partner of Modulr Finance B.V., EMI relationship R182870), checked September 26, 2026
- Licence in Canada
- Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) (MSB: M23363667), checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What is Nala?+
Nala provides a global multi-currency account for receiving, holding, converting and sending money. You keep different currencies in one wallet that supports lives lived across borders. The focus stays on fast movement of money between people and countries.
Who is Nala designed for?+
Nala suits people who live between countries and support family from afar. You might use it for household help, education costs, weddings or shared gifts. It also suits friends who split bills and holiday expenses across borders.
How does holding currency with Nala work?+
You receive money into a global wallet and store balances in different currencies. You convert between currencies and send funds onward when you choose. Notifications and emails keep you informed about the status of each transfer.
Which company operates Nala?+
Nala is operated by Nala Inc.. (Source, checked September 26, 2026)
When was Nala founded?+
Nala was founded in 2021. (Source, checked September 26, 2026)
How can I contact Nala support?+
Nala offers support through Email, Chat, Phone, Help-centre. (Source, checked September 26, 2026)
Sources
- nala.com checked September 26, 2026
Backs: Access terms, Account kind
“The global multi-currency account for lives across borders. Receive, hold, convert and send money fast with NALA.”
- nala.com/licenses checked September 26, 2026
Backs: Deposit protection, Legal entity, Support channels, Licences
“© Copyright NALA INC 2026”
- nala.com/our-story checked September 26, 2026
Backs: Founded
“In 2021 this global challenge inspired us to build a better solution. We began in Africa, the most expensive continent to send money to”
Compiled from 3 source pages, checked October 13, 2026. We did not open an account.
Not confirmed yet: Headline rate, Rate type, Term, Minimum deposit.