Tally is a brand new mainstream currency that you can save and spend just like pounds. As asset-backed money, every 1 tally in your account represents 1 milligram of physical gold securely vaulted in Switzerland on your behalf.
Inflation happens when more money is created. Like when banks give out credit and when the government decides to print more pounds. The more pounds in circulation, the less valuable all pounds become. Because tally is backed by physical gold that you own, its value is determined by the price of gold. This means the value of tally in pounds fluctuates (up and down) but given that gold has historically increased in value in the longer term, so has tally.
When you transfer pounds into your account, your money immediately buys you LBMA-approved gold, which is securely vaulted in Switzerland on your behalf. Your gold is then shown in ‘tally’ in your online account, which you can save or instantly spend using the app and Tally Debit Mastercard!
Unlike banks that profit from hidden fees, high-interest charges, and risky lending practices, Tally’s fee structure is simple. There’s a one-off account activation fee of £19 and an annual account keeping fee of 0.9% p.a. (calculated daily, charged monthly). A small price to pay to protect the long-term value of your hard-earned money.