Will I get a personal banking account?

Modified on Fri, 17 May 2024 at 01:37 PM

Your TallyMoney account is as individual as you.  You do get a sort code and an individual account number that you can use to transfer (or receive from 3rd parties) GBP in, which is automatically converted to tally and shown as tally in your TallyMoney Account balance. But importantly, unlike a bank account, there is no GBP in your TallyMoney Account and your balance isn’t protected by Financial Services Compensation Scheme. However, the entire (uncapped) balance of tally in your TallyMoney Account is protected by high security and insurance of the gold and a security trustee structure with FCA-licensed Woodside Corporate Services Ltd (FCA No. 467652) in the unlikely event TallyMoney UK Ltd or Tally Central Ltd is ever wound up you’ll promptly receive the proceeds from the sale of your gold less a 1% administrative fee..

Was this article helpful?

That’s Great!

Thank you for your feedback

Sorry! We couldn't be helpful

Thank you for your feedback

Let us know how can we improve this article!

Select atleast one of the reasons
CAPTCHA verification is required.

Feedback sent

We appreciate your effort and will try to fix the article