Tally is the world’s first non-fiat currency to be accessed in individual bank accounts, making it the first real choice in alternative money for savings and everyday banking.
Using the Tally App and Tally 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. Booyah!
When funds are deposited into your account, those Pounds (or Euros or Dollars) automatically convert to Tally at the global gold wholesale price. Because each unit of Tally is one milligram of gold that belongs to you, which you can spend online or in person using your Tally App and Tally Debit Mastercard. Awesome, right?
Note the very first deposit into your Tally account needs to be from another bank account in your name. This is a security step that helps keep your money safe and sound.
When you transfer funds from your Tally bank account to a non-Tally bank account, the funds automatically convert to the relevant fiat currency (i.e. Pounds, Euros). You can specify the amount you wish to send in Tally or type the equivalent local fiat currency amount, but your account will always be debited in Tally. You can also instantly send and receive funds to and from other Tally accounts.
Whether spending online or in person with your Tally App or contactless Tally Debit Mastercard, your Tally will once again automatically convert to the fiat currency (i.e. Pounds, Euros) that the merchant is expecting to receive, with no added charges or mark-ups on the foreign exchange rate – no matter which currency or country you’re transacting in. De nada. Prego. You’re welcome.
You can use your Tally Debit Mastercard to withdraw money from your Tally bank 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, errrrr, your money.