Tally is the world’s first non-fiat currency to be accessible through individual customer account number and sort code, making it the first real choice in alternative money for savings and everyday payments.
Using the TallyMoney App and TallyMoney Debit Mastercard®, you can save, send and spend tally just like pounds whilst simultaneously avoiding the risks of the fiat banking system and the shortcomings of fiat currency.
When funds are transferred in, your pounds go through a payment account in your name with sort code and account number which is automatically converted to tally at the global gold wholesale price less the flat fx rate of 0.99% and a 0.5% gold handling fee. Each unit of tally is one milligram of gold that belongs to you, which you can spend online or in person using your TallyMoney App and TallyMoney Debit Mastercard.
Please remember that the very first electronic funds transfer into your TallyMoney Account must be from another account in your name. This is a security step that helps keep your money safe and sound.
Whether spending online or in person with your TallyMoney App or contactless TallyMoney card, your tally will automatically convert to the fiat currency (pounds, euros, dollars etc.) that the merchant is expecting to receive. With no added charges or mark-ups on the Mastercard foreign exchange rate. De nada. Prego. You’re welcome.
You can use your TallyMoney card to withdraw money from your TallyMoney Account at cashpoints around the world. And we don’t charge you to do so – no matter which currency or country you’re transacting in – because it’s your money.
When you transfer funds from your TallyMoney Account to your linked bank account, the funds will automatically convert from tally to the relevant fiat currency (pounds, euros, dollars etc.). You can specify the amount you wish to send in tally or fiat, but your account will always be debited in tally as there is no fiat currency in a TallyMoney Account. You can also instantly transfer tally directly to other customer TallyMoney Accounts.
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Payment Accounts with sort code and account number used to receive GBP funds transfers are issued by Transact Payments Limited (TPL), a licensed electronic money institution authorised and regulated by the Gibraltar Financial Services Commission to issue electronic money and provide payment services. TPL is incorporated and registered in Gibraltar with company number 108217 and registered office is at 6.20 World Trade Center, 6 Bayside Road, Gibraltar, GX11 1AA. Whilst Electronic Money products are not covered by the Financial Services Compensation Scheme, any customer GBP will be held in one or more segregated accounts and safeguarded in line with Part 4 of the Financial Services (Electronic Money) Regulations 2020.
Your TallyMoney Debit Mastercard is accepted at over 150 million locations worldwide. This card is issued by Transact Payments Limited pursuant to licence by Mastercard International Incorporated. Mastercard is a registered trademark and the circles design is a trademark of Mastercard International Incorporated.
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