We get it. Fees aren’t fun. But unlike a traditional bank, when you use TallyMoney, you’re not just holding numbers on a screen, you’re holding real, physical gold.
Our fees are simple, transparent, and pay for storing and insuring your gold, which is securely held in a Swiss vault by LBMA-accredited providers. That means your money isn’t being lent out, risked, or inflated away. It’s real gold, it’s 100% yours, and it holds its value – unlike the pounds sitting in your bank account.
The hidden costs of holding your money in a bank
Traditional banks might advertise “no fees,” but the truth is inflation is eroding your money’s value fast and their low interest rates can’t keep up.
And there are loads of fees that banks hide from you, for example:
- Spending or withdrawing money abroad often comes with hidden costs, like foreign transaction fees, unfavourable exchange rates, and ATM charges.
- Overdraft charges. Even a small, unintentional dip into your overdraft can trigger immediate charges and steep interest rates.
- Day-to-day banking isn’t always free either. Many accounts charge monthly fees and impose withdrawal limits.
What return on investment do you get from your bank?
Even the best performing ISA accounts only offer about 4.5% interest per annum. Compare that to gold which grew by well over 50% in 2025 alone, and it’s clear your money could be put to better use outside of your bank.
And did you know that legally you don’t actually own the money in your bank account?
When you deposit cash with a bank, it technically becomes the bank’s property. They owe it back to you as an IOU. That means they can lend out or invest your money without your control and even restrict your access to it.
| | TallyMoney | High Street Bank/ISA |
|---|---|---|
| Account fees | £9 one-off activation fee & 0.5% annual account keeping fee (min £3/month) | Usually no visible fees, but your money loses value to inflation |
| Transaction fees | None | None |
| Spending & withdrawals abroad | No Tally fees or FX mark-ups — spend and withdraw at Mastercard’s real exchange rate | Typically 2.5–3% foreign transaction fee + £1.50–£3.00 per withdrawal |
| 5-year growth | Approximately +114%. £1,000 of tally in 2020 would be worth £2,140 today* | Typically +4% per year. £1,000 in an ISA account in 2020 would be worth £1,200 today** |
| Protection | 100% covered minus a 1% admin fee | Covered by FSCS up to a maximum of £85,000 |
Why Our Fees Are Worth It
- Full ownership: You hold real, physical gold, 100% yours outright.
- Fully insured & secure: Vaulted in Switzerland with LBMA-accredited partners.
- 100% reserve: Your money is never lent out or leveraged
- Uncapped protection: No FSCS limits like banks have. Your gold is 100% yours.
- Global access: Spend or withdraw anytime, anywhere.
The Bottom Line
TallyMoney fees are transparent and go towards insuring and storing your gold in Brinks vaults in Switzerland. It means you can opt out of the failing banking system and hold your savings in a stable, secure asset that has preserved wealth for thousands of years.
And you can spend your gold, as money, whenever you want, worldwide.
So what’s the bottom line? Gold consistently outpaces inflation so even with our modest fees, the reality is your savings in TallyMoney grow over time, instead of shrinking in a traditional bank account.
