Not all of your money arrives in dollars. If you work with clients in the UK, get paid by a European company, support family in London, or save in pounds or euros, a dollar account only covers part of the picture. Holding GBP and EUR accounts lets you receive in the currency you were paid in, keep it as is, and convert only when it suits you.
This guide shows how to create a GBP account and a EUR account on Divest Private Banking, step by step, and what to do once they’re ready. The whole thing happens in the Divest app on your phone, with no bank visit. If you don’t have it yet, download Divest before you start.
What Are GBP and EUR Accounts on Divest?
A GBP account holds British pounds. A EUR account holds euros. On Divest, each is an account inside your app, with account details of its own, that lets you receive that currency from abroad and manage it from your phone. You can keep the money as it is, convert it to naira or another currency, or send it onward.
They sit alongside your USD and NGN accounts, so you can hold USD, GBP, EUR, and NGN in one place.
Key Terms to Know
- GBP (British pound): The currency of the United Kingdom, also called pound sterling.
- EUR (euro): The currency used across much of the European Union.
- Account details: The information a sender needs to pay you. On Divest, your details are dedicated to you, not pooled with other users.
- Multi-currency account: One app holding more than one currency. On Divest, that’s USD, GBP, EUR, and NGN.
- Conversion rate: The price at which one currency is swapped for another. Divest shows the rate before you confirm.
- KYC (Know Your Customer): The identity verification you complete before opening accounts. You only need to do it once.
- Payout: Moving money from your Divest account to a bank account or mobile money wallet.
Why Create a GBP or EUR Account?
Receiving pounds and euros in a matching account has practical advantages.
- Get paid in the currency you earned. No forced conversion at someone else’s rate.
- Keep your options open. Hold the money, convert it, or send it, whichever suits you.
- Pay costs in the same currency. UK or European subscriptions, tuition, and bills are easier when you already hold pounds or euros.
- See the rate first. Divest uses transparent, rate-based pricing, with no separate fees buried in the transfer.
- Skip the bank. Everything happens on your smartphone.
- Move quickly. Transfers move same-day or within minutes, not days.
GBP vs EUR: Which One Do You Need?
| GBP account | EUR account | |
| Currency | British pounds | Euros |
| Common for | UK clients, UK employers, family in the UK, UK tuition and subscriptions | European clients, EU employers, travel, European purchases |
| Good fit if | Your income or costs are in pounds | Your income or costs are in euros |
| Keep it simple | Open the one you actually use | Open the one you actually use |
If you deal in both, open both. You can create each one from the same app.
Who Benefits Most From GBP and EUR Accounts?
- Freelancers and remote workers paid by clients in the UK or Europe
- Business owners who buy from or sell to UK and European partners
- Students receiving upkeep and fees in pounds or euros
- Families and the diaspora sending and receiving support across borders
- IJGBs (I Just Got Back) home for a while and spending out of pounds or euros, with a rate shown before every conversion
- Anyone saving outside naira to protect against currency swings
Before You Start
Having these ready makes the process quicker:
- A smartphone (Android or iOS)
- The Divest app, downloaded here
- A Divest account you can log in to
- A valid ID for KYC, if you haven’t verified yet
- Your personal details to confirm or enter when asked
How to Create a GBP and EUR Account on Divest
The steps are the same for both currencies. Follow them once for GBP and again for EUR, or just for the one you need.
Step 1: Open Divest
Log in to your Divest account.
Step 2: Navigate to Your GBP or EUR Account
From the home screen, select the GBP or EUR account option.
Step 3: Start Account Creation
Select the option to create your account.
Step 4: Complete Your KYC
If you haven’t completed KYC, follow the on-screen instructions to verify your identity. This is a one-time step. If you’ve already done it for another Divest account, you won’t need to repeat it.
Step 5: Provide the Required Details
Enter or confirm any additional information requested. Check each field carefully.
Step 6: Submit Your Application
Review your information and submit it to create your account.
Step 7: View Your Account Details
Once your account is successfully created, open it to view your account details.
Your GBP or EUR account is ready. Keep your account details handy for when you’re ready to receive money.
Need a refresher on the first step? Our guide to creating a USD account on Divest Private Banking covers the same flow for dollars, and our KYC guide walks through verification.
What to Do After Your Account Is Created
Share Your Details With the Right People
Send your GBP or EUR account details to clients, employers, or family when you’re ready to be paid. Double-check them before sharing, and only send them to people you trust.
Receive Pounds and Euros
Once someone pays into your account details, check Divest for the incoming funds. How long it takes depends on the sender’s method and bank.
Hold or Convert
You don’t have to convert right away. Hold your pounds or euros if you want to, or convert when you need to spend. The rate is shown before you confirm.
Convert to Naira, Cedis, Shillings, or Rand
Choose the amount, select the currency you want, review the rate, and confirm.
| Convert to | Currency | Where you can withdraw |
| Nigeria | NGN | Local bank accounts, mobile money |
| Ghana | GHS | Local bank accounts, mobile money |
| Kenya | KES | Local bank accounts, mobile money |
| South Africa | ZAR | Local bank accounts, mobile money |
Move Between Your Currencies
Because your accounts sit in the same app, you can convert between USD, GBP, EUR, and NGN as you need to.
Tips for a Smooth Setup
- Complete KYC early. It avoids delays when a payment is due.
- Open only what you need. One currency is enough if that’s all you use.
- Use matching details. The name you enter should match your ID.
- Keep the app updated. Updates improve the experience and fix issues.
- Share details carefully. Only with people who are paying you.
- Test with a small amount. If you’re nervous, try a small payment first.
- Keep records. Save confirmations for your own accounting.
- Use official links only. Download Divest from the official link or the app stores.
FAQs
What is a GBP account on Divest?
It’s a British pound account inside your Divest app, with its own account details, that lets you receive and manage pounds from your phone.
What is a EUR account on Divest?
It’s a euro account inside your Divest app, with its own account details, that lets you receive and manage euros from your phone.
Do I need to be in the UK or Europe to open one?
No. You can create a GBP or EUR account from your phone without visiting a bank or being based abroad.
Can I have both a GBP and a EUR account?
Yes. Divest supports USD, GBP, EUR, and NGN accounts in one place.
Do I need to complete KYC?
Yes. If you haven’t already, the app will guide you through it. KYC is a one-time step required before your accounts are created.
How long does it take to create an account?
The steps are quick and designed to take minutes. If you still need to complete KYC, the time depends on your verification, so it’s best to do it early.
What details will I need to provide?
You’ll be asked to enter or confirm information such as your personal details, along with your ID for KYC. The app tells you exactly what’s needed.
Where do I find my account details?
Once your account is created, open it in the app to view your account details.
Are my account details unique to me?
Yes. Divest provides dedicated account details, not pooled with other users.
Can I receive money from UK and European clients?
Yes, you can share your GBP or EUR account details with senders. The sender’s payment method and bank affect how and when the money arrives.
Can I convert pounds or euros to naira?
Yes. Select NGN, review the rate shown, and confirm.
Can I convert to Ghana cedis, Kenyan shillings, or South African rand?
Yes. You can convert to GHS, KES, or ZAR and withdraw to local bank accounts and mobile money.
Where can I withdraw my money?
You can withdraw to local bank accounts and mobile money in Nigeria, Ghana, Kenya, and South Africa.
Is there a cost to open a GBP or EUR account?
Check the app for current pricing. Divest uses transparent, rate-based pricing, with no separate fees buried in the transfer.
How fast are transfers?
Transfers move same-day or within minutes, not days. Exact timing can vary by method and country.
Which countries can I send to from Divest?
You can send to South Africa, Ghana, Kenya, and more countries soon.
Can I also hold dollars?
Yes. See our guide to creating a USD account on Divest Private Banking.
What if my KYC isn’t approved?
Check that your ID and details are clear and match, then try again. If it still doesn’t go through, contact support through the app, at [email protected], or via the Help Center.
Is the Divest app available on Android and iPhone?
Yes. You can find it on Google Play and the App Store, or use the download link.
Create Your GBP and EUR Accounts on Divest Today
Pounds and euros are only useful when you can receive them, keep them, and convert them at a rate you can see. Download Divest, follow the seven steps above, and have your accounts ready for your next payment. To see everything Divest can do, visit usedivest.com.
Divest lets you hold, send, and receive money across borders without ever stepping into a bank. Open a multi-currency account in Naira, Dollars, Pounds, or Euros, convert between them, and pay out to 20+ countries, all from your phone, at rates that beat what your bank quotes you.
Why Divest?
- No bank visit, no paperwork, the entire process happens on your smartphone
- Multi-currency account: hold and fund USD, GBP, EUR, and NGN in one place
- Send to South Africa, Ghana, Kenya, and soon 20+ countries
- Transfers move same-day or within minutes, not days
- Transparent, rate-based pricing, no separate fees buried in the transfer
- Dedicated account details, not pooled with other users
- 300k+ users and counting
Follow Divest on socials @usedivest for product updates, new features, and anything else worth knowing between posts like this one.