It’s free to open a Simplex Banking account, and there are no monthly charges or management fees for our users.
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.
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.