Tally is a mainstream currency that protects you from all the world could throw at you: government monetary inflation, interest rate policies, bank debt default contagion... you get the idea.
When you deposit into Tally you are purchasing real, London Bullion Market Association LBMA approved physical gold – this isn’t a cryptocurrency or a paper ETF.
Your gold is stored in a secure vault in Zurich, Switzerland where it is 100% insured and protected. This gold is reconciled daily and audited monthly.
In the unlikely event that anything happens to the company that runs the Tally banking platform, 99% of your Tally gold will be converted into your local fiat currency and deposited back into your non-Tally bank account.
The remaining 1% is to ensure an efficient return of funds. So, whilst Tally is not covered by the FSCS, it’s also not limited to the £85,000 cap like other bank accounts.