We are big on ensuring you have the best travel experience, and that includes making sure fees for creating and using your Timon cards don’t gobble up a sizable chunk of your budget.
Beyond affordability, we also prioritize transparency. This means no hidden charges, you get to know what you’re signing up for from the jump.
Here are the current fees associated with card issuance, transactions and Wallet funding on Timon:
Card Creation Fees
These are one-time fees charged when you order a physical card or create a virtual one:
VISA (USD Virtual Card – Local Address) – $3
VISA (USD Physical Card – Local Address) – $5
Mastercard (USD Virtual Card – US Address) – $3
Verve (NGN Virtual Card) – ₦1,500
Transaction Fees
Fees you may incur while using your card:
International ATM Withdrawals – 2%
(May vary based on ATM provider or country)International Bank POS Cash Withdrawals – 2%
International POS & Online Purchases – $0.25
(Charged for each use of your USD card at international physical or online stores)Exchange Rate Margins – Vary daily
Withdrawals to Your Bank Account – ₦100 per withdrawal
Funding Your Naira Account – ₦100 per transaction
Debit Transactions with Mastercard – 1% per transaction
(Min. $1, Max. $5)
USD Wallet Funding Fees
You can fund your USD wallet using various methods, and here’s how the fees apply:
1. USD Virtual Account & Timon Direct USD Wallet Funding
Funding via ACH or FedWire – 0.8%
(Minimum of $2, no maximum cap)
2. Digital Dollar Funding (USDC & PYUSD)
Funding Fee – 0.8%
(Minimum of $2, Maximum of $10)
Quick Savings Tip to Note:
It’s always advisable to stay cash-light when you travel. Not only is it safe, but we also want to make sure you save on those currency conversion fees and exorbitant markups at ATMs globally, except, of course, when it is absolutely necessary. We recommend you pay with your card at a Point of Sale (POS).
We believe in providing upfront information so you can budget effectively for your travels.
If you have any questions, please don't hesitate to contact our customer support team at help@usetimon.com.