nEUR represents a Euro equivalent, which you can use exclusively to invest through the Neufund platform. To read more about nEUR go here.
If you want to purchase nEUR, follow this steps:
- Login to your Neufund account and go to the "Wallet" tab.
- On the "nEUR Balance" section, click on Purchase.
- You will be asked to agree to Quintessence's Terms and Conditions (The issuance of the nEUR is done through Quintessence PLC, a separate entity which serves the Neufund platform by issuing nEUR) and to agree to nEUR purchase agreement.
- Next you will be presented with Quintessence's bank details - you can copy the information.
- Then you will need to proceed to your bank or online banking and transfer the funds to the bank information provided.
IMPORTANT: Your wire transfer must include the reference number provided, and the bank account must match the name you provided on your Neufund account.
Avoid unnecessary fees by transferring funds using SEPA transfer.
If you want to redeem your nEUR follow this steps:
1. Link the bank account you wish to use, to your Neufund account, if you already have a linked bank account this step is not necessary.
2. Go to the "Wallet" tab on your Neufund account. On the "nEUR Balance" section, you may choose the redeem option.
3. For the nEUR redeem option you will be presented with a screen summarizing your balance and an option to choose the amount to redeem. Please note that there is a fee of 0.5% applied to each transaction.
4. In the next screen you will get a summery of your transaction, please make sure that all the information is correct and submit your request.
The payment to your bank account can take between 4-6 business days to clear from the moment we send the funds.
This transaction is subject to a 0.5% fee . The fee will be deducted from the redeem requested amount.