Fees, charges and limits
Version 4.0
Please be advised that the fees, charges and limits applicable to existing customers can be accessed in the ‘Profile’ section within the TallyMoney App.
This document informs you about the fees, charges and limits related to using the TallyMoney Platform.
£9 upfront one-off
The higher of 0.5% p.a. of the TallyMoney Account balance, calculated daily and charged monthly, or the equivalent of £3.00 per month (minimum not applied in the first part month), to cover all account reporting, security, storage, insurance and ongoing operational costs. Please note that should the account-keeping fee not be paid from the customer’s tally balance in their everyday account, it shall be taken from the customer’s in-app safe. Should account-keeping fees not be paid in full for 3 consecutive months then the customer shall have 30 days to remedy, or their TallyMoney account will be placed into hibernation. Should the account-keeping fees not be paid in full for 3 months in hibernation, then the account will be closed.
The number of tally® acquired is calculated using the global gold market wholesale price of troy ounces of physical gold (known in the industry as the gold “spot price”), calculated at the point of conversion, irrespective of the amount of fiat currency transferred in.
A simple fixed flat gold purchase fee of 1.49% is applied on transfers in converted from GBP to tally. Customer gold is then held and used at the gold spot price (i.e. there are no transaction fees or FX margins charged on payments out).
TallyMoney Debit Mastercard® is included in the Account Activation Fee
The fiat currency value of tally® is calculated using the global gold market wholesale price of troy ounces of physical gold (known in the industry as the gold “spot price”).
No transaction fees or FX margins are charged on payments out.
No transaction fees or FX margins are charged on transfers out and there are no added FX margins or mark-ups on card payments made internationally above the Mastercard exchange rate that is applied when paying in a fiat currency other than Pounds Sterling with the Card.
Sending tally® from your TallyMoney Account to another customer's TallyMoney Account is free
tally® to local currency converted using the global gold spot price and the Mastercard® global FX rate for fiat currency to Pounds Sterling
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.
With TallyMoney:
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.
Why gold? It’s value is universally acknowledged.
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.
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.
*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.
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.
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.