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Is TallyMoney a scam?

It’s understandable that before you move your savings, you want to make sure the business you’re sending it to is legitimate. Searching “TallyMoney scam” or “is TallyMoney a scam?” is simply part of doing your homework  –  and it’s the smart thing to do.

The truth is that TallyMoney isn’t a scam. It’s a fully transparent system where every unit of tally in your account equals direct ownership of physical gold, stored in one of the world’s most secure vaults. No empty promises, no smoke and mirrors  –  just your gold, in your name.

Why People Worry About Scams

It’s no wonder people are cautious with their money. Over the years, too many financial products have been oversold, misrepresented, or simply collapsed when people needed them most. Governments and banks haven’t always helped either, with changing rules, hidden risks, and a track record of putting their own interests first.

On top of that, the financial world has had its fair share of outright bad actors. From dodgy “too good to be true” schemes to companies selling vague “gold-backed” products, many savers have been burned before. It’s natural, then, to ask tough questions before trusting a new system with your savings.

TallyMoney understands this scepticism. That’s why everything about the system is designed to be transparent: each tally is equal to one milligram of physical gold, sourced from LBMA-accredited providers and stored securely in Brinks’ vaults in Zurich. No middlemen, no empty promises  –  just real gold you own.

 

How TallyMoney Actually Works

Think of TallyMoney as a modern alternative to fiat banking. Instead of trusting pounds that lose value to inflation, your account balance is denominated in gold weight. Every tally in your account is equivalent to a milligram of LBMA-accredited gold, sourced from refiners who meet the strictest global standards.

This isn’t a token or “gold-backed” currency. It’s physical bullion stored in your name. TallyMoney’s platform gives you instant digital access to that gold through its app, your own account details, and debit Mastercard. That means you can use tally to pay for groceries, send money to other Tally users, or withdraw from ATMs  –  just like a normal bank account.

What makes it powerful is that the asset never changes: gold. While the pound in your wallet quietly loses buying power year after year, tally is tied to something people across centuries and continents recognise as value. That’s why many see it as money you can trust, not just another fintech experiment.

 

Is TallyMoney Covered by FSCS?

No, but that’s not a drawback. It’s actually stronger protection.

The Financial Services Compensation Scheme (FSCS) applies to banks because when you deposit pounds, the bank becomes the legal owner of that money. They lend it, invest it, and only keep a fraction on hand. FSCS exists to cover you if the bank fails, but only up to £85,000 (or £170,000 for joint accounts). Anything above that is at risk. 

With TallyMoney, things are different. The gold in your account is 100% yours, not the company’s. Tally doesn’t lend it, invest it, or touch it. It sits in Brinks’ vaults in Zurich, fully allocated and insured, no matter whether you hold £1,000, £85,000, or £1 million.

In other words, FSCS gives you limited protection. Tally gives you complete ownership with no limits.

Independent Daily Reconciliation

This is where the reassurance gets real. Since 2020, audit firm PKF Littlejohn LLP has independently checked that the tally in customer accounts always matches the physical gold in Brinks’ vaults. PKF receives daily closing balances, plus quarterly reconciliation reports.

They don’t rely on TallyMoney’s word – they access data directly from both sides:

  • Daily records of gold bars stored at Brinks.
  • Daily records of customer balances from TallyMoney’s platform.

If there’s ever a mismatch, PKF’s reports would show it. This independent oversight has been running for years, and every audit confirms the numbers match.

Check our gold assurance.

For customers, this means peace of mind. You don’t need blind trust. You can point to independent, ongoing checks from one of the UK’s most respected auditors.

What If TallyMoney Ceased Trading?

This is the big “what if” people ask. If TallyMoney UK Ltd or its parent, Tally Central Ltd, ever went out of business, what would happen to customers’ gold?

The answer: it’s safeguarded by a Security Trust Agreement. Tally has appointed Woodside Corporate Services Ltd (FCA Ref. 467652) as trustee. That means if the company were to stop trading, Woodside would step in, sell the gold, and return 100% of the proceeds to customers’ linked bank accounts, minus a 1% fee to cover legal administration.

What makes this system unusual is the absence of limits. FSCS caps coverage at £85,000 per individual account (or £170,000 for joint accounts). With Tally, there are no caps. Whether you hold a few hundred pounds’ worth of gold or several hundred thousand, it’s all treated equally and protected by law.

That makes Tally attractive not just for everyday savers but also for people with larger balances who want peace of mind beyond FSCS thresholds.

Insurance and Storage

On top of that legal protection, the gold itself is fully insured against theft or damage. Brinks provides world-class storage, and LBMA accreditation ensures the gold is responsibly sourced and globally tradable.

Put simply: the gold is real, stored in your name, insured, and ringfenced from company assets. That’s a rare level of transparency in the financial world.

Why TallyMoney Isn’t a Scam

A scam relies on deception or hidden risks. TallyMoney is the opposite:

  • The gold is independently audited.
  • Customers own it outright.
  • It’s insured and stored in Switzerland.
  • A legal trustee ensures repayment if the company folds.

There are no vague promises, no “backing,” no speculation. Just direct ownership of physical bullion, made usable in daily life.

Why People Choose It

For many, the appeal is more than safety. Gold has held value for thousands of years, while pounds lose buying power through inflation. TallyMoney makes gold spendable and accessible, bridging stability with everyday convenience.

Some use tally as a long-term store of wealth. Others treat it as everyday money that doesn’t quietly shrink in value. And for those who distrust banks or governments, the independence it provides is priceless.

Proof, Not Promises

So, is TallyMoney a scam? No. Every tally in your account equals real gold in a Swiss vault, independently checked, insured, and legally protected.

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Real World Examples

  1. Fancy a coffee? Use your TallyMoney Mastercard. Boom – paid. (Yes, you’re buying a flat white with gold. How amazing is that?)

  2. Need cash? Use any Mastercard ATM worldwide or spend across the globe. ZERO fees from us, ZERO markup. (When you spend or withdraw, your gold converts instantly at the global spot price. No catches, no hidden charges – just straight-up Mastercard exchange rates. Because your money shouldn’t cost you… more money.)

  3. Want some money back in your bank? Just tap ‘transfer’ in the app. (Though after a while, you might wonder why you’d want to…)

    Zero faff. Zero waiting. Zero fees when you spend tally.

Meet Cameron Parry

Meet the guy who wouldn’t accept being trapped in a ‘heads they win, tales we lose’ government-run monetary system that protects and benefits the financial institutions, to the detriment of the public. Where people’s deposits are constantly at risk, and losing value through inflation caused by central bankers and politicians.

If necessity is the mother of invention, then frustration may be the roommate’s cousin of motivation. In any case, he decided to stop getting mad and start a new monetary system with sound money. Where deposits serve the depositor, where savings build wealth for savers, and transactions are made in a familiar way. And he called it TallyMoney.

TallyMoney: Gold upgraded

With TallyMoney:

  • Your pounds instantly become physical gold (1 tally = 1mg of real gold)
    Stored in Swiss vaults (not under your bed)
  • Fully insured and allocated (actually yours, not a paper promise)
  • Spend it anywhere with your TallyMoney debit Mastercard
  • Transfer back to pounds instantly if needed (but why would you?)

We’re not anti-bank because it’s trendy. We’re anti-bank because the current system is rigged against you. Every day you leave money in a “savings” account, you’re funding their profits while your wealth evaporates.

Enter gold: the original currency

Why gold? It’s value is universally acknowledged.

  • It’s not controlled by any single government
  • It can’t be printed or manufactured
  • It’s actually scarce 
  • It requires effort to extract it 
  • It doesn’t rust, decay, or disappear
  • It has remarkable properties

So while the pound’s lost 50% of its value since 2004, gold’s grown by 146% in the last decade alone. While your bank savings got mugged by inflation, gold owners were laughing all the way to… well, not the bank.

But here’s the rub: Traditional gold ownership is a right pain. Buy physical bars? Prepare for storage fees that’ll make your eyes water, insurance premiums that never end, and a 5-10% haircut when you need to sell. Plus, try buying your weekly shop with a gold ingot.
Paper gold ETFs? They’re classed as Tier 3 assets for a reason – that’s financial speak for “risky as hell.” You don’t own gold, you own a promise. A tradeable IOU. And when everyone wants their gold at once? Good luck with that. So you’re stuffed either way: real gold that’s impossible to use, or fake gold that might not be there when you need it.
Until now.

The truth about inflation

How? Well, when politicians overspend (and they invariably do), they need more money to ‘stimulate the economy’. But raising taxes makes voters angry. So what do they do? They fire up the money printer, and boy do they love to print. To give you a sense of the scale, since 2015 the Bank of England has created £520bn out of thin air through “quantitative easing” (electronic money printing) plus £86bn in physical currency. 

Thing is, more pounds in circulation = each pound is worth less. Think about it: In 2004, £100 could buy you a decent night out, theatre tickets, and a cab home. Today? That same £100 barely covers the theatre tickets. Your money didn’t disappear – it was diluted, like someone’s been topping up your whisky with water when you weren’t looking.

The “2% inflation target” they bang on about? That’s them telling you they plan to steal 2% of your wealth every single year. And calling it healthy.

How TallyMoney actually works?

  1. First things first: we’ve got actual gold bullion* (none of that paper-promise nonsense) locked up tight in a Brinks vault in Switzerland. Yeah, those Brinks – the security legends who’ve been protecting valuables since Queen Victoria was on the throne.

  2. You send your pounds to your TallyMoney account (bye-bye, inflation-addicted fiat!).

  3. We use the global gold spot price to instantly turn your currency into its weight in gold. No hidden or fuzzy exchange rates, just the real market gold price + 1.49% gold purchase fee.

  4. Each milligram of your physical gold = 1 tally (we keep it decimal because no one wants to faff about with troy ounces – the specific unit for measuring gold).

  5. That’s it! Your app shows your balance in tally, but remember – those aren’t just numbers on a screen. That’s your solid gold, in milligrams, sitting pretty in Switzerland.
  6. You can now save and spend your gold as you see fit.

*All Tally gold is sourced from LBMA-accredited providers because we’re rebels with a cause… and standards. Instead of tracking the gold price per kg, your money is directly converted based on the real-time global gold spot price.

TallyMoney is 
real money

  1. Store of value
    Your gold sits in a Swiss vault (not getting ‘quantitatively eased’ away)
    Evidenced by 5,000 years of holding its value
    Can’t be inflated by government whim and fingers on the ‘currency print’ button
  2. Medium of exchange
    Spendable at 150+ million shops worldwide (thanks, Mastercard)
    Currency converts instantly at market rates (no sneaky margins)
    Moves as quickly as sending a text 
  3. Unit of account
    1 tally = 1mg of gold. Simple
    Stable enough to actually plan your future with
    Speaks every currency’s language (gold’s kind of a big deal everywhere)

This is why TallyMoney is so much more than just owning Gold – it’s a real financial revolution. We’re not just helping you own gold; we’re bringing back what money was always meant to be. Sound Money for a Brighter Future. Because your hard work and wealth deserve better than being slowly robbed by external forces.

We want you to have real money

  1. A store of value:
    Keeps its value over time
    Insulated from devaluation/inflation
    Actually rare and can’t be created out of thin air
  2. Medium of exchange:
    Easy to use for everyday transactions
    Widely accepted
    Can be transferred efficiently
  3. Unit of account:
    Works like a proper value-measuring stick (imagine if your ruler shrunk every year – mad, right?)
    Splits nicely into useful bits
    Reliable enough to plan your future with

Why does this matter? Because your hard work deserves better than being turned into monopoly money by someone else’s actions. Every time your currency loses value (inflation) its stealing from your past work, which harms your present savings, and your future dreams.