Spend your Tally online or in person with your Tally Debit Mastercard. Transfer from your Tally bank account to another bank account (and it will convert automatically and arrive as fiat currency), or transfer directly to another Tally account instantly and your money will remain in Tally. (Let’s see your existing bank do that!)
You can spend your Tally online, in person via your Tally Debit MasterCard, transfer it to a GBP bank account or transfer it directly to another Tally account.
Withdraw cash at ATMs worldwide.
Pay with contactless card payments.
Pay with your smart phone - Coming soon.
Set up direct debits – Coming soon.
Tally will automatically be converted into Pounds, Euros, Dollars etc. at no extra cost when using your app or debit card.
It’s all done by taking the value of gold that day (the fancy term is “global gold wholesale price”) and converting it into the local fiat currency.
Don’t panic. You can instantly freeze your card via the app. If you find your card later on (probably in that weird pocket you never use) it’s easy to unlock. If it’s lost forever, keep your freeze on and just let us know and we’ll send you a new one.
We charge an annual membership fee of £20 p.a. (or £2 per month, cancellable at any time) to access the Tally banking ecosystem, and a simple account keeping fee of 1% p.a., calculated daily and charged monthly, which covers ongoing security, storage, insurance, and operational costs. And that’s it. There are no other transaction costs and no FX margins added, at home or abroad. Not even when using your TallyCard at an ATM.