A small fee is applied to you add funds to your in-app wallet, perform a refund from your in app-wallet to your funding source, close your account or use your ring for a foreign currency transaction. These charges are in place because our suppliers apply them when these transaction types take place. We are working hard to reduce these.
There are no fees for checking your balance or transaction history.
You can find our full list of fees and limits (where applicable) in the table below.
|Ring RRP per unit||£129.00|
|Replacement unit fee||£129.00|
|Refund fee (from wallet to funding source)||£1.50|
|Closing account fee (refund)||£1.50|
|Chargeback fee (erroneous claim)||£25.00|
|Balance enquiry fee||Free|
|Administration fee (this fee will apply to all loading methods)||1%|
|Foreign exchange transaction fee||3%|
|Minimum Top-Up amount||£10.00|
|Maximum Top-Up allowance per day||£200.00|
|Maximum monthly Top-Up (per month)||£6,000|
|Maximum Annual Top-Up (per year)||£72,000|
|Maximum number of Top-Up attempts per day||10|
|Maximum single Top-Up amount||£200.00|
|Maximum account balance at any time||£2000.00|
|Maximum total daily spend amount||£500.00|