How can I transfer funds into my TallyMoney Account?

Modified on Fri, 17 May 2024 at 02:24 PM

You simply transfer GBP through your Payment Account’s sort code and account number and the GBP automatically converts into units of tally (i.e. milligrams of gold). Your sort code and account number details are provided in your TallyMoney App. Please note this may require you to set up a new payee with your traditional bank. If this is the first time you are making a payment in, the transfer will need to come from a bank account in your name.

UK domestic sterling (£) transfers normally arrive in your account if not almost instantly, then within 2 hours.  GBP is converted to tally at the prevailing gold market price less the fixed FX rate and gold handling fee totalling 1.49%.  You hold tally at the gold market price per troy ounce, which is used to calculate the equivalent pound sterling value for spending or sending tally. There are no fees or FX applied when sending or spending your tally.

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