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Terms and Conditions

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Date updated: 24th December 2025

Version 4.4

1 tally® = 1 milligram of physical gold vaulted in Switzerland for and on behalf of the customer.  Gold is proven to increase in price in GBP (£) over time although it fluctuates up and down in the short term as tally® rises or falls due to fluctuations in the global gold price.

UK-incorporated TallyMoney UK Ltd (“TML”) and its Guernsey-incorporated parent entity, Tally Central Ltd “TAL”) (together “Tally” spelt with a capital “T”) is the provider of the currency tally® (spelt with a small “t”).  Each tally represents 1 milligram of physical gold and the tally shown in a TallyMoney Account is held on behalf of and for the benefit of the holder of the TallyMoney Account i.e. the customer. Tally is responsible for all services relating to the currency tally.

When you open a TallyMoney account you will also open an electronic money account with Transact Payments Limited. A Transact Payments Account is a payment account able to make and receive electronic funds transfers through an International Bank Account Number (“IBAN”) and is provided under Gibraltar Financial Services Commission (“GFSC”)-licensed Electronic Money Institution (“EMI”) Transact Payments Limited (“TPL”). 

TPL is authorised and regulated by the GFSC to issue electronic money and to conduct payment services activities under the Gibraltar Financial Services (Payment Services) Regulations 2020 and is also authorised to provide such services in the United Kingdom (FCA Ref No. 900864). The services of TPL are governed by a separate set of terms and conditions between You and TPL which are set out here.

Funds that You transfer into e-money accounts are protected through “safeguarding” and are not covered under the Deposit Security Scheme of Gibraltar (“DSSG”).  The DSSG exists to fulfil the fiat currency obligations of a bank to its depositors, up to an individual limit of 100,000 Euros (or equivalent in GBP), in the event that a bank goes into administration/liquidation. When You send fiat currency (such as pounds and euros) to a Transact Payments Account, Your fiat money is protected by TPL under the process known as “safeguarding” – a regulatory requirement for all payment accounts.  Unlike a bank, payment account balances must be segregated from all other cash balances of the Payment Institution and TPL cannot use Your fiat funds for its own purposes or lend Your funds to other customers. In the unlikely event TPL ceases trading, any money placed into the payment account that hasn’t yet converted to tally® will be available to the customer, subject to charges by an insolvency practitioner/administrator, and the process for distributing safeguarded funds may take longer than a claim under the DSSG. However, this would only affect You if TPL went into administration/liquidation during the brief period before Your fiat money (pounds) is converted to tally®. Once You hold tally® You are no longer holding fiat currency, so the safeguarding requirements for fiat currency no longer apply. Funds are only held by TPL for a brief period until they are converted to tally®. The tally® is held in a separate account provided by TML (“TallyMoney Account”).  The UK Financial Services Compensation Scheme (“FSCS”) does not apply to the funds held in a TallyMoney Account as there is no GBP being held, only milligrams of gold shown as tally®, which is insured under the vaulting service.

When fiat money is sent to a Transact Payments Account, it is used to purchase tally® which is held in a TallyMoney Account. Each unit of tally® is an electronic record of ownership and right to the value of 1 milligram of physical gold stored in a Brink’s vault in Switzerland, operated by TML and its parent entity, Tally Central Ltd, as a custodial service. In the unlikely event TML or TAL ceases trading, all of the gold represented as tally® in customer accounts will promptly be sold, and the corresponding proceeds returned to each customer’s designated bank account, less a 1% charge to carry out the legal mechanism and this process at the time. tally® balances are protected to their full value (with no upper limits). 

The Tally Mastercard® Debit Card (“TallyMoney Card”) is issued by Transact Payments Limited pursuant to licence by Mastercard International. Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.   

You can also make payments into your TallyMoney Account by other means which we may vary from time to time such as card based payments.

1. What is the TallyMoney Platform?

Designed and built by Tally Central Ltd (“TAL”), a Guernsey-incorporated Non-Bank Financial Institution (“NBFI”) that is the monetary authority of tally®, and its UK-incorporated wholly-owned subsidiary, TallyMoney UK Ltd (TML or “us” / “we”), the TallyMoney platform technology and ecosystem (“TallyMoney Platform”) is a full-reserve non-fiat monetary system and platform that enables customers to use the value of London Bullion Market Association (“LBMA”)-certified, ethically-sourced physical gold as digital money, called tally® (spelt with a lowercase “t”), that seamlessly operates with the incumbent fiat currency fractional-reserve banking system.

Your (or, “he/she”, “him/her”, or “You” as the “Applicant” or “Customer”) use of the TML smartphone app (“TallyMoney App”) and tallymoney.com website (“Website”) is governed by these terms and conditions (“Terms”). TML works with multiple entities, including TAL and TPL, to deliver its service. For example, Your usage of the Transact Payments Account and TallyMoney Card  are referred to in this document but both are exclusively governed by separate terms and conditions between you and TPL (the “Transact Payments Account and TallyMoney Card Terms”), which are available in the TallyMoney App and on the Website. You should read all of these documents carefully, and You must confirm acceptance of all relevant terms as part of the registration process. For the avoidance of doubt, TPL does not provide any services which are governed by these TallyMoney Customer Terms and Conditions. All services provided by TPL are governed exclusively by the Transact Payments Account and TallyMoney Card Terms.

The TallyMoney Account which holds Your tally® and TallyMoney App, which are provided to You by TML, are governed by these TallyMoney UK Ltd Customer Terms and Conditions, along with the TML Privacy Policy and You should read them carefully before You use the TallyMoney App.

2. How can You contact us or learn more about us?

If You have comments or questions, please contact support@tallymoney.com. Additionally, we recommend that You familiarise Yourself with the “Frequently Asked Questions“ (including questions about the TallyMoney Account, TallyMoney Card, TallyMoney App and tally®) published within the TallyMoney App and the Website. If You prefer, You may also call us on 0203 858 0373 or write to us at TallyMoney UK Ltd, Northwest House, 119 Marylebone Road, London NW1 5PU.

Our response method and timing will vary depending upon the circumstances, but any response via the TallyMoney App, email, phone, text message or letter to Your home address will be in English. If we communicate with You by telephone, You accept that Your call may be recorded and may be used as evidence in any dispute between the parties. If any of Your contact information changes, please let us know as soon as possible.

3. General Overview

The below terms (which includes the Specific Information) apply to Customers of TML and TAL using the TallyMoney Platform, which includes the TallyMoney App and Website. By creating and using a TallyMoney Account with TML, You:

  1. accept that these Terms and the documents referred to in them govern the contractual relationship between You and TML;
  2. accept that in the event of a discrepancy between these Terms and the content of the Website or the TallyMoney App, these Terms will always prevail;
  3. represent that You  have fully read and understood these Terms;
  4. consent to be bound by these Terms, and by the rights and obligations created herein;
  5. where You hold an Individual Account, accept that You agree to use the TallyMoney Platform to transfer in/out, hold and spend tally® using any medium provided by TML and for no other purpose;
  6. where You hold a Business Account, accept that You agree to authorise named users to operate the TallyMoney Platform to transfer in/out, hold tally® using any medium provided by TML and for no other purpose;
  7. accept that a unit of tally® is 1 milligram of physical gold stored by TAL’s Treasury department (“Treasury”) and allocated to You, the equivalent fiat currency value of which will fluctuate up or down to reflect the global gold market wholesale price (the “spot price”) of  troy ounces of gold bullion;
  8. accept that neither TML, TAL nor or any their employees, officers or agents (together “TallyMoney Parties”) are able to provide any advice on the merits or otherwise of owning tally® and it is up to You, or your authorised users, to decide whether holding  vaulted physical gold bullion is suitable to Your circumstances.  Nothing contained on the TallyMoney Platform or provided to You by TallyMoney Parties shall constitute financial or legal advice;
  9. accept that TallyMoney does not provide any tax, legal or accounting advice and it is Your responsibility to ensure the products and services are suitable for you and that you accurately comply with any tax or other financial reporting obligations you may have;
  10. understand that TML will carry out transactions in line with your instructions given via the app, website or payment card from time to time. Such instructions are subject to our spending limits (as described in the Fees, Charges and Limits document) and fair use limits on transaction types and frequencies;
  11. understand that, for Business Accounts, TML will carry out transactions only where they are authorised in line with the signature protocol currently applicable to the account;
  12. understand and agree that TML will deduct certain fees in accordance with these Terms in respect of the operation of the TallyMoney Platform and/or transactions on it from time to time in accordance with its fee table located within the TallyMoney App (‘Fees, Charges & Limits Information’);
  13. acknowledge that TML reserves the right to close Your TallyMoney Account, sell Your tally® and arrange for the return of Your funds to a non-TallyMoney Account in Your name in fiat currency (at the prevailing current market wholesale sell rate of 1 troy ounce of gold bullion that Your tally® represents, less any and all commissions and fees due), if TML reaches the conclusion that You have breached any of these Terms, without any recourse from the Customer, or future liability for any TallyMoney Parties;
  14. accept that TML may change the TallyMoney App, or the Website and products or services offered in relation to same, without first notifying You;
  15. accept the material displayed on the Website is provided without any guarantees, conditions or warranties as to its accuracy;
  16. give permission to TAL and TML to correct administrative errors in respect of Your TallyMoney Account or if tally® has been incorrectly credited to Your TallyMoney Account.
  17. acknowledge that TML is not a provider of credit cards nor any form of credit facilities. The TallyMoney Mastercard is not a credit card, it is a debit card and Your TallyMoney debit card and/or Your TallyMoney Account must not be used to create or increase a negative equivalent fiat currency balance. If for any reason whatsoever a negative balance does occur, You agree that TAL and TML may take any and all action necessary to correct the situation and, if applicable, recover any payments, transfers or withdrawals made by You that creates or increases a fiat currency equivalent negative balance.  Further You agree that TAL and TML have the right to charge You for any costs of external legal and debt collection services incurred in the recovery of amounts owed by You, and apply interest to any amounts outstanding at a rate of 4% above the Bank Of England base rate.

SPECIFIC INFORMATION

1. Introduction and purpose of our business relationship

  1. Our Agreement with You is made up of these Terms, and Additional Service Terms and the Privacy Policy.
  2. The TallyMoney Platform is a service that, upon acceptance by TML of Your application to open a TallyMoney Account on the TallyMoney App, the TallyMoney Account holder can transfer in, transfer out, save, spend or transfer tally® peer-to-peer through the TallyMoney App, and spend through the TallyMoney Card. 
  3. The tally® in Your TallyMoney Account shows the weight of gold we are holding on Your behalf (each tally® = 1 milligram). Your TallyMoney Account also shows the equivalent fiat currency value available for making transfers out or spending by using Your TallyMoney Card. When a transfer out is made, You are giving instruction to sell the relevant amount of Your tally® and complete the transaction by delivering the equivalent amount of fiat money to a bank account in Your name.  When You transfer money into Your Transact Payments Account You are giving us instruction to buy the  amount of tally® it equals on Your behalf.

2. Registering in the TallyMoney App and Creating a TallyMoney Account

  1. Applicants may establish a TallyMoney Account and become a TML customer by completing the registration procedure set forth in the TallyMoney App, which process also utilises Your valid email address and valid mobile number.

  2. To open a TallyMoney Account as an individual (an “Individual Account”) You must:

    1. follow the instructions set out in the registration page of our app or sign up Website including completing all requested information. TML relies on the information submitted in Your application, and You warrant and represent to TML the truth, accuracy and completeness of all information provided in Your application to us;

    2. be at least 18 years of age;

    3. be a resident of the UK;

    4. maintain an active address, phone number and email address; and

    5. satisfactorily pass all of our required identity and security validation and verification checks;

    6. hold a valid UK-based GBP-denominated IBAN (International Bank Account Number) Account in Your name, from which Your first transfer shall be sent from and that will remain in place, or be replaced, so that You as a Customer have a current non-tally IBAN Account at all times when You have a TallyMoney Account. For the avoidance of doubt, this must be a separate account to the Transact Payments Account and is the Customer’s Bank Account which is referred to in clause 4.4 below.

  3. As part of the registration process to apply for a Tally Account as a company (a “Business Account”) a customer must also:

    1. be incorporated in the UK;

    2. not be involved in one of our prohibited business sectors;

    3. provide details of all directors;

    4. provide details of all beneficial owners and, where applicable, the chain of ownership up to and including beneficial owners;

    5. provide details of all individuals authorised to operate the TallyMoney account and the basis on which the account can be operated (i.e. signature requirements for withdrawals);

    6. confirm it has appropriate authority to provide the personal details of individuals as detailed above;

    7. provide, or otherwise enable access to, relevant corporate documentation including, but not limited to, its constitution and board resolution regarding the opening and operation of the TallyMoney account;

4. You must notify TML immediately of any changes to the information provided to TML when registering to create an account including any changes of address or name and, for Business Account customers, the nature of the business, changes in beneficial owners and persons authorised to operate the account.

5. Upon registration, You must comply in full with these Terms, the Transact Payments Account Terms and TallyMoney Card Terms at all times. TML reserves the right to restrict or terminate Your usage of the TallyMoney App where TML believes there has been improper use of its service, which includes, without limitation, any use of the TallyMoney App, TallyMoney Platform, TallyMoney Card or the TallyMoney Account:

    1. for any activity which has the purpose or effect of causing damage to, or in any way hindering TML’s business operations or generating or increasing a liability on TML, including without limitation any tax, levy or duty collecting authority; or

    2. that seeks to manipulate the value of tally® in bad faith or in a manner which TML believes has the purpose or effect of adversely affecting the integrity of the TallyMoney Platform;

    3. for illegal means, including the transmission of illegal, defamatory, explicit or other inappropriate content, or to facilitate any of the foregoing;

    4. which threatens the stability, security or accessibility of the TallyMoney Platform, or the reputation of TML, TAL or the TallyMoney Platform; 

    5. seeking to operate more than one TallyMoney Account (save for Business Accounts);

    6. which contravenes TML’s fair use policy limits as determined at TML’s sole discretion; 

    7. where You are deemed to have been directly or indirectly abusive towards TML staff or other TML customers or have otherwise defamed TML, its parent entity or other group companies, or any of its staff;

    8. if, in its reasonable opinion, TML believes the continuation of the service would be detrimental to other Customers or its business generally;

    9. if You are deemed to have breached or circumvented (or attempt to breach or circumvent) any of the security restrictions on use of the TallyMoney Platform and/or the TallyMoney App;

    10. if You no longer has a valid UK-based GBP-denominated non-Tally IBAN (International Bank Account Number) account linked to Your TallyMoney Account

    11. if Your TallyMoney Account sits with a negative balance, which has not been remedied within 30 days of the balance becoming negative

  1. Such restrictions can prevent You from accessing Your TallyMoney Account or the TallyMoney App. If TML terminates Your TallyMoney Account the Termination provisions under clause ‎17 shall apply.

3. Data Protection and Privacy

  1. The use of personal data by TML and TallyMoney Partners will be governed by the terms of our Privacy Policy (&, as applicable, by the terms of TallyMoney Partners’ Privacy Policies) found in the TallyMoney App and on our Website. By accepting these Terms, You acknowledge Your acceptance of our Privacy Policy and it is important that You read that information. By accepting these terms Business Account customers acknowledge that all relevant individuals whose information they are providing to TallyMoney have been informed that they should read and understand the Privacy Policy.
  2. Where there is an inconsistency between these Terms and the Privacy Policy, the provisions of the Privacy Policy shall prevail. The personal information we have collected will be shared with fraud prevention agencies who will use it to prevent fraud and money-laundering and to verify Your identity, or Your authorised users’ identities. If fraud is detected, You could be refused certain services, finance, or employment. Further details of how Your information will be used by us and these fraud prevention agencies, and Your data protection rights, can be found in our Privacy Policy.

4. Using the TallyMoney App

  1. You take full responsibility and liability for all Your transactions and instructions carried out on the TallyMoney Platform and TallyMoney App, including in the event You are temporarily not able to access Your account through the App or web portal.
  2. You agree to keep your security and sign-on details confidential and not to share them with anybody for any purpose. TML will never ask for your password. Sharing your personal sign-on details will be considered a breach of these terms which may lead to your account being closed.
  3. Business Account customers agree that all authorised users will keep their security and sign-on details secret and they will not be shared. Authorised Users must not share accounts to access the TallyMoney Account. Sharing of personal sign-on details or sharing of accounts will be considered a breach of these terms which may lead to your account being closed.
  4. All transactions on the TallyMoney Platform and TallyMoney App are recorded electronically in the TallyMoney Account using tally® as the unit of account. Each tally® represents one milligram of physical allocated gold. You buy the total number of tally® to two decimal places, equal to the amount of fiat currency at the exchange rate at the time the funds are received. You are only permitted to transfer or spend up to the number of tally® that You are recorded on the TallyMoney Platform as owning, as displayed in Your TallyMoney Account. 
  5. You acknowledge and agree that TML will carry out ongoing updates to the TallyMoney App, and as the TallyMoney App is updated, You will need to download any updates we provide to maintain the optimum operational functionality and integrity of the TallyMoney App. You must maintain a sufficiently recent mobile operating system to enable necessary security. If we identify Your operating system does not meet our current requirements we will not be able to continue to provide You with the TallyMoney account unless You upgrade Your operating system.

Payments

  1. As part of Your application to open a TallyMoney Account You will be asked to specify a non-tally GBP-denominated IBAN (International Bank Account Number) account from which Your first payment is made (“Customer Bank Account”), which will need to be in the name of the TallyMoney Account holder – for Business Accounts this must be in the name of the business. If at any time Your TallyMoney Account is not linked to a valid GBP-denominated IBAN account, TML has the right to terminate the TallyMoney Account.
  2. The terms of the fiat currency payments into Your Transact Payments Account are governed by the Transact Payments Account and TallyMoney Card Terms

Accepted Currencies

  1. The global gold market wholesale price (the “spot price”) of  troy ounces of  gold bullion is used to calculate the fiat GBP value of tally® on the TallyMoney Platform. All transfers into your TPL account must be made in GBP.

Peer to Peer transfers of tally®

  1. You can transfer tally® to another customer’s TallyMoney Account. If tally® is transferred peer-to-peer, the relevant number of tally® will be deducted from Your TallyMoney Account and we will credit the same number of tally® to the payee’s TallyMoney Account. In order to make a peer-to-peer transfer both the payer and payee need to have a TallyMoney Account.

Offers or promotions

  1. On occasion, we may introduce certain specific offers or promotions. These will be subject to additional, separate terms and conditions that shall sit alongside these Terms. In any case, any and all TML offers, or promotions may be contingent upon You first transferring a fiat currency amount into Your Transact Payments Account prior to us crediting Your account with the amount of tally® that is detailed in the subject of the relevant offer or promotion. 
  2. TAL and TML work with Autopilot HQ Inc (“Autopilot”) to provide SMS and mobile messaging to Customers relating to promotions and also other Customer communications. These services are subject to an opt-in separate to these Terms and Conditions and are governed under the following terms Mobile Messaging Terms and Conditions and Privacy Policy .

Additional Services

  • Customers who have opened a TallyMoney Account may be able to use additional services. These Terms shall apply to Your use of any Additional Services. If there are any inconsistencies between these Terms and the Additional Service Terms, the latter will apply.

Using the TallyMoney App

  1. When You make a payment to Tally, including via Your Transact Payments Account, by card payment or receive funds via a QR code payment, tally® shall be purchased on Your behalf at the prevailing market wholesale ‘spot’ price for 1 troy ounce of physical gold bullion (1mg of gold = 1 tally®), and credited to Your TallyMoney Account accordingly. Conversely, when You sell or spend tally® via the TallyMoney App or Your TallyMoney Card, TML shall sell the equivalent amount of Your tally® and via TPL apply the fiat proceeds to satisfy the relevant purchase, payment or transfer.
  2. Customers who hold a TallyMoney Account can order a TallyMoney Card. You can use Your TallyMoney Card to make payments using tally® thereby instructing us to sell part of Your tally® and via TPL use the fiat proceeds to purchase the goods or services. If You are going abroad, please notify us in advance to ensure that our system does not block Your payments as potentially fraudulent transactions.
  3. Where invited by Tally, Business Account customers are able to request TallyMoney Cards subject to the authorisation protocols and spending limits agreed between You and TML from time to time. TallyMoney Cards are not available where authorised users are only able to carry out transactions with the agreement of multiple signatories.
  4. Customers may provide instructions through the TallyMoney App to transfer fiat equal to an amount of tally® held in Your TallyMoney Account, to a bank or e-money account with an IBAN that is held in Your name. All such payments can only be made in GBP. Tally begins processing such a request immediately and the amount you receive in GBP will be the amount displayed in the app when you initiate the payment (subject to the deduction of any applicable fees as described below). 
  5. If a Customer makes a Payment Out, any fees owed to TML, or any compliance costs associated with Your applicable instruction, may be deducted in tally® from the amount the Customer has instructed to be paid out.
  6. TAL as well as TML reserves the right to conduct extra security and/or money laundering checks before acting on a Customer Withdrawal Request of tally® to preserve the integrity of its service and comply with its legal obligations. 
  7. Where our checks on funds being received or sent, or other exceptional matters outside of our control, lead to a delay in completing processing of your gold acquisition or withdrawal request we reserve the right to update the gold / GBP conversion rate applied.
  8. TML may from time to time impose periodic limits on the amount of tally® that can be purchased, which may change without notice.

Security and login

  1. Each Customer and Authorised User is responsible for keeping their login details, TallyMoney Card and PIN (“Security Credentials”) secure. If You need to change Your password, You can do so within the TallyMoney App by clicking “Set Password” and inputting a new password for Your TallyMoney Account. You should check Your TallyMoney Account regularly for suspicious transactions. In the event You become aware of any such transactions or if You lose Your TallyMoney Card or it is stolen, You should “freeze” Your TallyMoney Card immediately using the in-app card locking function, and contact TML immediately to order a replacement TallyMoney Card. TML will not be responsible or liable if You:
    1. have not kept Your Security Credentials safe; 
    2. do not “freeze” (lock) Your card immediately upon becoming aware
    3. input the incorrect information.
  2. Delays in freezing your TallyMoney Card or notifying us of the loss / theft could lead to you being liable for up to £35 of losses arising from unauthorised payment transactions.

5. Payments in fiat currency

  1. Any fiat currency (e.g. Pounds Sterling) sent to a Transact Payments Account will be received and held (if necessary) by TPL and upon receipt by TML be used to purchase tally®. TML does not at any time hold any fiat currency on behalf of customers and neither the Deposit Security Scheme of Gibraltar nor the FSCS apply to Your tally® balance or to Your funds sent in or out for the brief period they are held by TPL.
  2. In the event that Your TallyMoney Account is closed, Your tally®, net of any outstanding fees or costs due to us, will be exchanged for fiat currency and, subject to regulatory requirements, returned to Your nominated bank account.

6. Custody of the Gold represented by Your tally®

  1. TAL/TML use third party vault operators and storage providers to provide secure custody of such gold bullion bars equivalent to the number of tally® in issue at any one time, and by acquiring tally® in accordance with these Terms, You authorise TAL/TML to act as agent to arrange the storage and insurance of any gold purchased in conjunction with the issue of tally® to You.
  2. TAL/TML shall hold gold on Your behalf equal to the weight represented by the number of tally® in Your TallyMoney Account.
  3. TAL or TML will engage a member of the London Bullion Market Association (or any successor body) to buy, sell and store gold purchased on the issuance of any tally® (“Custodian”).
  4. TAL or TML will pay the Custodian the fees for ringfencing and allocating customer value of the gold. These fees are included in the annual fees for the TallyMoney Account, which are detailed in the Fees, Charges & Limits Information Document.
  5. In the event of loss or damage of any gold held by TAL/TML, a pro rata amount of tally® shall be deducted from Your TallyMoney Account and any proceeds of insurance relative to the amount of tally® attributable to You for such loss shall be credited to Your Customer Bank Account or used to purchase further tally® (based on Your instructions at the time).
  6. Customers may not inspect the gold purchased by TAL/TML. The industry accredited high security facility where TAL/TML stores the physical gold bullion that it holds on behalf of its customers, is not a retail outlet. TAL/TML has a daily reconciliation and verification process in place, that involves information provided by TAL’s/TML’s London Bullion Market (“LBMA”) accredited precious metals brokers and vaulters, reconciled with customer tally ledgers, that is periodically reviewed and reported on by the Company’s auditors.
  7. Gold purchased under these Terms will be held as weighed bars of gold in vaults operated by the Custodian in Switzerland or other locations agreed between TML and the Custodian from time to time.
  8. TAL/TML warrants that Your gold is held as security for the sole purpose of ensuring proper safekeeping, and legal protection of Your assets within professional vaults.
  9. TAL’s/TML’s storage partners also provide industry specific insurance cover to protect our gold holdings. This cover to You is included in our fee structure. TML’s storage partners provide TML with documentary evidence of this insurance.
  10. The quantity of tally® which is owned by TML’s Customers at all times represents 100% of the weight of physical gold bars stored on behalf of Customers (i.e. if it was ever required, it would be possible to sell the bullion and distribute the fiat currency proceeds amongst TML’s Customers in quantities proportionate to the number of tally® owned).

7. Fees

  1. TML will follow the fees structure as modified from time to time as described in the Fees, Charges & Limits Information Document. TML reserves the right to change its fees, charges and limits structure in accordance with clause ‎8.
  2. You authorise TML to deduct from Your TallyMoney Account such number of tally® to satisfy any fees You owe, and/or incurs, to TML including any external payments charged to Your TallyMoney Account.
  3. TML reserves the right to charge and collect administrative fees to cover costs incurred by TML assisting clients in extraordinary, unique and unpredictable circumstances or transactions. TML will retain complete discretion to decide what constitutes such extraordinary, unique and unpredictable circumstances. In such a scenario, TML shall advise the Customer of any such charges.
  4. TML will pass on to You all bank charges and any other costs incurred or suffered by us or by Your instruction, to reverse, recall or modify any payment except as the result of any error on our part. Some of these charges are levied by us to offset the costs we incur from our banking providers for making payments. If the banks we use charge us more to process any payments, we may have to pass this cost on to You.
  5. Each fee that You are charged shall be recorded for Your
    records in Your client statement, along with a reasonable explanation for its incurrence by TML.
  6. You acknowledge Your complete responsibility for telephone, satellite, TV, and/or internet service provider charges incurred by You whilst using the TallyMoney Platform.

8. Changes in Terms or fee structure

  1. Subject to a two month notice period and communicated to You via email correspondence and/or other forms of communication (including the TallyMoney App), TML may alter its fee structure and fee collection methods;
  2. TML may amend these Terms where it communicates such amendment via email correspondence and/or other forms of communication. Where we make such amendments and You do not accept such amendments You may notify us that You wish to close Your TallyMoney Account (see clause ‎15 (Termination)). If You do not notify us of Your desire to close Your TallyMoney Account within the two month notice period then You will be deemed to have accepted any such amendments.

9. Record Keeping

  1. TML is responsible for ensuring satisfactory company records and accounts so that relevant third parties can audit TML as dictated by regulations, and to preserve the ongoing integrity of the TallyMoney Platform, business model and mode of operation.
  2. TML will maintain and keep record of interviews or other interaction
    with You and other information collected by us or our TallyMoney Partners from You for at least seven (7) years following the closure of Your account, where required by applicable law.

10. Failure of TAL/TML IT infrastructure

TML backs up its databases to location independent cloud storage facilities and in accordance with applicable data protection regulations to endeavour to mitigate the risk of data loss.

11. Risk warnings

  1. TML and/or TAL cannot be held responsible for the following risks:
    1. Your decisions to buy or sell tally®, and the merits thereof;
    2. fluctuations in the price of tally® relative to a particular fiat currency;
    3. monetary geopolitics and their effect on the price of gold;
    4. bank failure or financial crisis and their effect on the price of gold;
    5. identity theft of any nature;
    6. any prohibition on transfer to/from a fiat currency denominated bank-issued or EMI-issued account to/from a TallyMoney Account;
    7. being legally prohibited from offering TallyMoney Accounts to persons in certain jurisdictions;
    8. TallyMoney Platform being unavailable for technical reasons; and
    9. Force Majeure (defined below in clause ‎22.2).

12. Insurance

  1. TML undertakes to maintain, or use reasonable endeavours to procure its LBMA-accredited physical gold brokers and high security vaulting service providers, maintain at their cost or the cost of TML, insurance cover in respect of the following:
    1. theft or third-party loss of gold; and
    2. damage to gold by fire or flooding other than an act of god.
  2. The Customer should be aware that such insurance is likely to be subject to a number of exclusions such as force majeure (e.g. loss as a result of a natural disaster).

13. Corrections and Errors

  1. TML is entitled to correct administrative errors after the event, and to make all necessary corrections to Your account records.
  2. No user of the TallyMoney Platform, including TAL and TML, has the right to profit from system failure. Neither TAL nor TML can be held responsible or liable for failure of external links in the IT infrastructure. You accept this fact and that TAL and TML is entitled to make discretionary system adjustments to resolve any such failure.
  3. Where the Customer has reasonable grounds for suspecting that his/her TallyMoney Account has been tampered with, he/she must immediately contact support@tallymoney.com. Said communications to TallyMoney will be acknowledged as soon as reasonably possible and in any case no later than 2 Business Days, and responded to as a matter of urgency by a TML employee. You acknowledge that any delay will likely reduce the possibility of TML being able to rectify the situation.

14. Tally Account Closure (including in the event of death)

  1. In the event that You want to close Your TallyMoney Account (and the linked TallyMoney Card and Transact Payments Account), You can provide instruction in the TallyMoney App, or You can contact us via email or phone so that we can assist You with the matter. Should Your TallyMoney Account be closed, You will no longer be able to use the TallyMoney App (or any TallyMoney Card that may have been issued in respect of Your Transact Payments Account). Any fees owed to TML will be deducted before we close Your TallyMoney Account and the fiat value of Your tally® is transferred to Your linked UK-based GBP-denominated account.

    TallyMoney offers customers a 14-day cooling off period commencing the day after their account activation fee is paid. Customers wishing to exercise this cooling off period should email support@tallymoney.com to request an account cancellation and a refund of any account activation fee paid. Customers who cancel their account within 14 days will not be liable to pay the 0.5% p.a. account keeping fee calculated daily and charged monthly. Any promotional offer will be deducted from any activation fee refund. In the event of cancellation You will receive back the lower of the amount deposited for the acquisition of tally® or the value of Your tally® at the time the cancellation is processed. If the value of gold has reduced You may get back less than You deposited.
  2. We shall have the right (but not the obligation) to close Your TallyMoney Account and terminate these Terms:
    1. if at any time if You do not fulfil these terms and conditions (e.g. Your Customer Bank Account is closed and You are unable to provide Your new account details); and
    2. upon or at any time after the occurrence of any one or more of the following events:
      1. You fail in any respect to fully and promptly comply with any obligations under these Terms;
      2. if any of the representations made in these Terms or information supplied by You are deemed to be or become materially inaccurate and You do not update us within a reasonable time period;
      3. You refuse to cooperate in an investigation or to provide adequate identity or security information or documentary evidence for verification when requested;
      4. if it becomes or may become unlawful for us to maintain or give effect to all or any of our obligations under these Terms or otherwise to carry on our business;
      5. if we have reasonable grounds to believe that Your Account has been used in connection with a prohibited use in clause ‎2.4;
      6. any proceeds of crime are credited to Your TallyMoney Account;
      7. if our contracts with TallyMoney Partners that provide services that are essential to the provision of the TallyMoney Platform are terminated and TML (or TAL as the case may be) is unable to engage a suitable replacement;
      8. if we are requested to by any governmental or regulatory authority whether or not that request is legally binding; 
      9. an event, act or omission occurs that renders these Terms unenforceable, void or discharged (including as a result of illegality or change of law);
      10. we consider it necessary to do so for our own protection including (without limitation) in the following circumstances: (i) protection from fraud or money laundering; (ii) protection from market failure; (iii) protection from adverse or volatile market conditions; and (iv) protection from loss by us; or
      11. if Your behaviour is deemed abusive or threatening – in either public or private forums – towards TML staff members or other customers.
      12. if Your TallyMoney Account has a negative balance for more than 60 days or You owe TML fees, for instance due to not having sufficient tally® in Your TallyMoney Account to pay the monthly Account-Keeping Fee.
      13. You do not maintain a sufficiently recent mobile phone operating system which prevents us providing the required level of security.
  3. In the event of death of the holder of a TallyMoney Account, Your estate or next of kin should contact support@tallymoney.com where one of our team shall take them through the procedures to close the account. Through these procedures, TML endeavours to process Your TallyMoney Account with the instructions of Your legally authorised executors or estate administrators.
  4. TML reserves the right to suspend Your TallyMoney Account without notice where TML determines You have breached these Terms (or other terms incorporated by reference herein), or we have reason to believe Your TallyMoney Account has been compromised. If TML makes a decision to close Your TallyMoney Account, we will sell Your tally® and, net of any fees owed to us, and provided it is permitted by law, return Your funds in fiat currency via TPL to Your Customer’s Bank Account, less any costs TPL may charge in doing so.
  5. Upon the effective date of termination:
    1. You will no longer be able to make payments in or out of tally® using Your Transact Payments Account or TallyMoney Card;
    2. we will sell net of fees any tally® in Your TallyMoney Account and return the fiat currency proceeds to Your Customer Bank Account;
    3. we will retain Your Data to the extent we need to do so to comply with our legal obligations.
  6. TML reserves the right to deduct sums due to TML from You prior to fiat currency being transferred pursuant to clause ‎14.5.
  7. TML reserves the right to delay the return of funds pursuant to clause ‎14.5 in order to fulfil its legal obligations including in respect of money laundering legislation and other laws.

15. Actions for Dormant Accounts

  1. If a Customer fails to access his/her/their TallyMoney Account for 3 months and/or there is either: insufficient tally® in their account to pay for any fees due or a balance of less than 10 tally®, then the TallyMoney Account shall be deemed to be dormant and put into “hibernation” for 3 months. This provides for dormant accounts to be re-activated within 3 months of going into hibernation, following which period the account may be closed. TML may elect to close a dormant TallyMoney Account but will use reasonable endeavours to contact You, which for the avoidance of doubt shall not require TML to incur costs that are likely to be excessive in relation to the value of the tally®, if any, in Your TallyMoney Account.
  2. If after 30 days from first attempting to contact You, and subject to the 3 month account hibernation period, as referred to in clause 15.1 using the details provided by You, no reply has been forthcoming, then You will be deemed to be uncontactable and TML shall have full discretion to close Your TallyMoney Account and, net of any fees owed, sell any remaining tally® in their TallyMoney Account and direct that the fiat currency proceeds be paid to the last known Customer Bank Account(s) TML has on file for You. In the event the funds are returned as You have not provided us with Customer Bank Account details that are current, you must claim these funds within seven years or else TML shall be entitled to retain these funds for its own purposes. TML reserves the right to charge administration fees for TML’s endeavours to locate the dormant TallyMoney Account holder.

16. Severability

In the event that any of the provisions of these Terms are found by a court of a competent jurisdiction to be invalid or unenforceable, such part will be severed from the remainder of the Terms and the remaining provisions shall remain in effect and thus enforceable.

17. Limitation of Liability

  1. TML shall not have any responsibility or liability of any kind for any losses or expenses whatsoever incurred by You as a result of:
    1. a Force Majeure Event (defined below) or third party malicious damage or to comply with any law or governmental order, rule, regulation or direction or any default of a TallyMoney Partner (provided You have recourse against that TallyMoney Partner) that causes any delay or failure to perform any of its obligations under the Terms (including but not limited to the release of funds to You and delays in crediting tally® to Your TallyMoney Account); or
    2. failure to obtain instructions from You or any other party due to circumstances beyond its control.
  2. Neither TML, TAL nor any TallyMoney Partner shall be liable to You whether in contract, tort or otherwise for any indirect, special, consequential loss or damages, such as but limited to property damage, loss of profit, loss of use of goods, loss of business or loss of reputation howsoever caused.
  3. No provision in these Terms limits the liability of TAL or TML:
    1. under section 2(3) of the Consumer Protection Act 1987; or
    2. for death or personal injury caused by the gross negligence of TAL or TML; or
    3. for matters that TAL/TML cannot legally exclude its liability from; or
    4. for fraud and misrepresentations deemed fraudulent.
  4. Subject to clauses ‎17.3(B) and ‎17.3(C) above, the aggregate liability of TML and any TallyMoney Partners to You under contract, misrepresentation, restitution, tort, or otherwise, arising due to non-compliance with these Terms, shall at all times be limited to the value of Your tally® held in Your TallyMoney Account.
  5. Throughout this clause and the entire TallyMoney Customer Terms and Conditions, any reference to ‘TallyMoney Partners’ refers specifically to service providers utilised by TML/TAL to provide gold buying, selling and other custody services such as storage and insurance.

18. TAL or TML Insolvency

TAL and TML have entered into a security trust deed with an independent third-party security trustee (“Security Trustee”) pursuant to which TAL and TML has granted security to the Security Trustee in respect of its contractual arrangements with its gold vaulting service provider and gold bullion brokers (“Secured Contracts”). In the unlikely event that TML should cease trading, the Security Trustee would enforce its Security over the Secured Contracts and seek to realise the gold represented by Customers’ tally® and held by TAL/TML on behalf of Customers, and return the net proceeds to the relevant customers’ non-Tally GBP-denominated IBAN account as described in clause 4.4. The Security Trustee will deduct 1% of the total value of each Customer’s tally® balance to cover the costs of doing this (including its own costs) and by agreeing to these Terms You agree to the deduction of these costs. It is likely that if TML ceased trading that no further tally® would be issued.

19.Other important terms

  1. Assignment
    You may not transfer, novate, assign, subcontract or delegate Your rights, duties or obligations under these Terms. We reserve the right to transfer and assign these Terms, and You agree that we may freely assign any rights or novate any obligations hereunder, without Your further consent.
  2. Force Majeure
    1. A Force Majeure Event for the purposes of these Terms is an event that affects, prevents or hinders the performance by TML of its obligations under the Terms arising from acts, events, omissions or non-events beyond its reasonable control, including strikes, lock-outs, industrial disputes, failure of utility service or transport or telecommunications network, acts of God, riots, war, acts of terrorism, fire, flood, storm or earthquake and any disaster.
    2. Subject to the provisions of clause ‎19.3, TML shall not in any circumstances be liable to You for any failure or delay in the performance of any of its obligations under these Terms if it is prevented, hindered or delayed in or from performing any such obligations by a Force Majeure Event. The time for performance of such obligations shall be extended accordingly.
  3. Third Party Rights
    No person who is not a party to these Terms will have any right to enforce it pursuant to the Contracts (Rights of Third Parties) Act 1999. 
  4. Entire Agreement
    These Terms and the documents referred to within constitute the entire agreement between us and You with respect to the TallyMoney Account, TallyMoney App and TallyMoney Platform and supersede and replace any and all prior agreements. In the event of inconsistency between this version of the Terms and the version on the Website, the version on the Website will prevail.  
  5. Waiver
    Our delay or failure to exercise or enforce any right under these Terms shall not be deemed to be a waiver of any such right or operate to bar the exercise or enforcement thereof at any time or times thereafter.
  6. No Partnership
  7. Nothing in the Terms is intended to, or shall be deemed to, establish any partnership or joint venture between any of the parties.
  8. Complaints and jurisdiction
    1. Details of our complaints procedure can be found on our website. You agree to cooperate with us and provide the necessary information to support@tallymoney.com for us to investigate and resolve Yourcomplaint as quickly as possible.
    2. If You believe You did not authorise a transaction or that a transaction was incorrectly carried out, in order to get a refund, You must contact the TML customer support team at  support@tallymoney.com to report the disputed transaction without undue delay – as soon as You notice the transaction in question, and in any case no later than 120 days after the amount of the transaction has been deducted from Your TallyMoney Account.
    3. These terms are governed by the laws of England and Wales and any dispute under these Terms or otherwise in connection with Your TallyMoney Account shall be brought exclusively in the English courts.

FEES, CHARGES & LIMITS INFORMATION DOCUMENT

Name of the tally® account provider: TallyMoney UK Ltd

Account name: TallyMoney Account

Date: 24th of December 2025

This document informs You about the fees, charges and limits related to using the TallyMoney Platform.

Accessing the TallyMoney Platform
Account Activation Fee

£9 upfront one-off

Using the TallyMoney Account and Easy-Access Safes
Account-Keeping Fee

The higher of 0.5% p.a. of the TallyMoney Account balance, calculated daily and charged monthly, or the equivalent of £3.00 per month (minimum not applied in the first part month) in tally®, to cover all account reporting, security, storage, insurance and ongoing operational costs. Please note that should the account-keeping fee not be paid from the customer’s tally balance in their everyday account, it shall be taken from the customer’s in-app safe(s). Should account-keeping fees not be paid in full for 3 consecutive months then the customer shall have 30 days to remedy, or their TallyMoney account will be placed into hibernation. Should the account-keeping fees not be paid in full for 3 months in hibernation, then the account will be closed.

Payments In
Purchase of tally®

The number of tally® acquired is calculated using the global gold market wholesale price of troy ounces of physical gold (known in the industry as the gold ‘spot’ price), irrespective of the amount of fiat currency transferred in.

A simple fixed flat gold purchase fee of 1.49% is applied on transfers in from GBP to tally. Customer gold is then held and used at the gold spot price (i.e. there are no transaction fees or FX margins charged on payments out).

TallyMoney Debit Mastercard®
Ordering TallyMoney Debit Mastercard

TallyMoney Debit Mastercard® is included in the Account Activation Fee

Replacement cards
  • One free replacement card per annum
  • 200 tally® for any subsequent replacement cards in the same year
Spending and sending
Paying with tally®

The fiat currency value of tally® is calculated using the global gold market wholesale price of troy ounces of physical gold (known in the industry as the gold ‘spot’ price).

No transaction fees or FX margins are charged on payments out.

No transaction fees or FX margins are charged on transfers out and there are no added FX margins or mark-ups on card payments made internationally above the Mastercard exchange rate that is applied when paying in a fiat currency other than Pounds Sterling with the Card.

Daily spend limit
  • You can send via electronic funds transfer up to the equivalent of £20,000 in tally® per day (or more by prior arrangement).
  • You can spend on Your TallyMoney debit card up to the equivalent of either £3,000 or up to £5,000 for limit increase approved customers, in tally® per day
ATM withdrawals
  • No charges for ATM withdrawals
  • Limited to 3 per day
  • Daily maximum equivalent of £250 in tally®
Sending tally® from TallyMoney Account to TallyMoney Account

You can send via tally-to-tally transfer to another TallyMoney Account, up to the equivalent of £1,000,000 in tally® per day (or more by prior arrangement). Sending tally® from Your TallyMoney Account to another customer's TallyMoney Account is free

Using tally® outside of the UK
Fiat currency FX fees

For overseas card payments and ATM withdrawals tally® is converted to local currency using the global gold wholesale buy and sell price (in GBP) and the Mastercard® global FX rate for fiat currency to Pounds Sterling

Real World Examples

  1. Fancy a coffee? Use your TallyMoney Mastercard. Boom – paid. (Yes, you’re buying a flat white with gold. How amazing is that?)
  2. Need cash? Use any Mastercard ATM worldwide or spend across the globe. ZERO fees from us, ZERO markup. (When you spend or withdraw, your gold converts instantly at the global spot price. No catches, no hidden charges – just straight-up Mastercard exchange rates. Because your money shouldn’t cost you… more money.)
  3. Want some money back in your bank? Just tap ‘transfer’ in the app. (Though after a while, you might wonder why you’d want to…)

    Zero faff. Zero waiting. Zero fees when you spend tally.

Meet Cameron Parry

Meet the guy who wouldn’t accept being trapped in a ‘heads they win, tales we lose’ government-run monetary system that protects and benefits the financial institutions, to the detriment of the public. Where people’s deposits are constantly at risk, and losing value through inflation caused by central bankers and politicians.

If necessity is the mother of invention, then frustration may be the roommate’s cousin of motivation. In any case, he decided to stop getting mad and start a new monetary system with sound money. Where deposits serve the depositor, where savings build wealth for savers, and transactions are made in a familiar way. And he called it TallyMoney.

TallyMoney: Gold upgraded

With TallyMoney:

  • Your pounds instantly become physical gold (1 tally = 1mg of real gold)
    Stored in Swiss vaults (not under your bed)
  • Fully insured and allocated (actually yours, not a paper promise)
  • Spend it anywhere with your TallyMoney debit Mastercard
  • Transfer back to pounds instantly if needed (but why would you?)

We’re not anti-bank because it’s trendy. We’re anti-bank because the current system is rigged against you. Every day you leave money in a “savings” account, you’re funding their profits while your wealth evaporates.

Enter gold: the original currency

Why gold? It’s value is universally acknowledged.

  • It’s not controlled by any single government
  • It can’t be printed or manufactured
  • It’s actually scarce 
  • It requires effort to extract it 
  • It doesn’t rust, decay, or disappear
  • It has remarkable properties

So while the pound’s lost 50% of its value since 2004, gold’s grown by 146% in the last decade alone. While your bank savings got mugged by inflation, gold owners were laughing all the way to… well, not the bank.

But here’s the rub: Traditional gold ownership is a right pain. Buy physical bars? Prepare for storage fees that’ll make your eyes water, insurance premiums that never end, and a 5-10% haircut when you need to sell. Plus, try buying your weekly shop with a gold ingot.
Paper gold ETFs? They’re classed as Tier 3 assets for a reason – that’s financial speak for “risky as hell.” You don’t own gold, you own a promise. A tradeable IOU. And when everyone wants their gold at once? Good luck with that. So you’re stuffed either way: real gold that’s impossible to use, or fake gold that might not be there when you need it.
Until now.

The truth about inflation

How? Well, when politicians overspend (and they invariably do), they need more money to ‘stimulate the economy’. But raising taxes makes voters angry. So what do they do? They fire up the money printer, and boy do they love to print. To give you a sense of the scale, since 2015 the Bank of England has created £520bn out of thin air through “quantitative easing” (electronic money printing) plus £86bn in physical currency. 

Thing is, more pounds in circulation = each pound is worth less. Think about it: In 2004, £100 could buy you a decent night out, theatre tickets, and a cab home. Today? That same £100 barely covers the theatre tickets. Your money didn’t disappear – it was diluted, like someone’s been topping up your whisky with water when you weren’t looking.

The “2% inflation target” they bang on about? That’s them telling you they plan to steal 2% of your wealth every single year. And calling it healthy.

How TallyMoney actually works?

  1. First things first: we’ve got actual gold bullion* (none of that paper-promise nonsense) locked up tight in a Brinks vault in Switzerland. Yeah, those Brinks – the security legends who’ve been protecting valuables since Queen Victoria was on the throne.
  2. You send your pounds to your TallyMoney account (bye-bye, inflation-addicted fiat!).
  3. We use the global gold spot price to instantly turn your currency into its weight in gold. No hidden or fuzzy exchange rates, just the real market gold price + 1.49% gold purchase fee.
  4. Each milligram of your physical gold = 1 tally (we keep it decimal because no one wants to faff about with troy ounces – the specific unit for measuring gold).
  5. That’s it! Your app shows your balance in tally, but remember – those aren’t just numbers on a screen. That’s your solid gold, in milligrams, sitting pretty in Switzerland.
  6. You can now save and spend your gold as you see fit.

*All Tally gold is sourced from LBMA-accredited providers because we’re rebels with a cause… and standards. Instead of tracking the gold price per kg, your money is directly converted based on the real-time global gold spot price.

TallyMoney is real money

  1. Store of value
    Your gold sits in a Swiss vault (not getting ‘quantitatively eased’ away)
    Evidenced by 5,000 years of holding its value
    Can’t be inflated by government whim and fingers on the ‘currency print’ button
  2. Medium of exchange
    Spendable at 150+ million shops worldwide (thanks, Mastercard)
    Currency converts instantly at market rates (no sneaky margins)
    Moves as quickly as sending a text 
  3. Unit of account
    1 tally = 1mg of gold. Simple
    Stable enough to actually plan your future with
    Speaks every currency’s language (gold’s kind of a big deal everywhere)

This is why TallyMoney is so much more than just owning Gold – it’s a real financial revolution. We’re not just helping you own gold; we’re bringing back what money was always meant to be. Sound Money for a Brighter Future. Because your hard work and wealth deserve better than being slowly robbed by external forces.

We want you to have real money

  1. A store of value:
    Keeps its value over time
    Insulated from devaluation/inflation
    Actually rare and can’t be created out of thin air
  2. Medium of exchange:
    Easy to use for everyday transactions
    Widely accepted
    Can be transferred efficiently
  3. Unit of account:
    Works like a proper value-measuring stick (imagine if your ruler shrunk every year – mad, right?)
    Splits nicely into useful bits
    Reliable enough to plan your future with

Why does this matter? Because your hard work deserves better than being turned into monopoly money by someone else’s actions. Every time your currency loses value (inflation) its stealing from your past work, which harms your present savings, and your future dreams.