It’s free to open a Simplex Banking account, and there are no monthly charges or management fees for our users.
Please find the fees related to Simplex Banking services below:
- Depositing funds via SEPA into your account is free (wire transfers do carry normal banking commissions).
- A small fee of 0.2% (Minimum – €5) is charged on all account withdrawals via SEPA.
- Simplex’s fee for deposits and withdrawals using SWIFT is 0.1% (Minimum – €50), depending on which one is higher.
- Top-up fee for adding funds using credit/debit card is 4.17%, which is included in the total amount.
- Our fee for processing a purchase made with the Simplex Account is 0.5% of the total payment amount.
- Simplex’s fee for processing a transaction to sell the cryptocurrency is 0.5% of the total transaction, which is displayed at the checkout.
More information regarding fees associated with Simplex branded cards can be found here.