The Monolith Visa Debit Card is now available in 31 countries across Europe (EEA). Usage situations may differ, as well as the base currencies used for the card. This page will help you understand the main fees you might have to pay while using your card:
ℹ️ We currently provide either GBP (£) or EUR (€) based cards. Any mention of domestic or international in this page refers to the currency used, relative to your card base currency. When using a Euro-based card, any transaction in a country using the Euro is regarded as domestic.
|
Item |
TokenCard |
|
Monthly Fee |
0 |
|
Card Activation & Shipping |
0 |
|
Domestic Purchase |
0% |
|
International Purchase |
1.75% |
|
ATM Withdrawal - Domestic |
Free up to twice a month Then £0.75 / €0.85 per withdrawal. |
|
ATM Withdrawal - Europe |
£1.20 / €1.50 (e.g. if in a UK ATM with € card) |
|
ATM Withdrawal - International |
£1.75 / €2.00 |
|
TokenCard Top-Up Fee |
1% |
|
Top-up Licensing Fee |
1% while topping up with tokens other than TKN |
|
Crypto / Fiat Conversion Rate |
Market rate |
There are also some spending and withdrawal limits applied to the cards:
- Daily general spend limit: £7500 / 8000€
- Daily purchase limit: £7150 / 7600€
- Daily ATM/cash withdrawal: £350 / 350 €
- Card max balance: £7500 / 8000€
What is the Licensing Fee?
The licensing fee is a community contribution: it belongs to TKN holders. Every time one of our users top-up their card with any token other than TKN, a 1% licensing fee is charged and sent to the asset contract: it's a smart contract that grows through the proliferation and usage of the Monolith TokenCard.
TKN holders can claim their share of the Asset Contract at any time using Cash & Burn.