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 and transactions on Timon:
1. Card Creation Fees
Card creation fees are one-time charges that you incur for ordering a physical card or creating a virtual one.
VISA (USD Virtual Card - local address) — $3
VISA (USD Physical Card - local address) — $5
Mastercard (USD Virtual Card - US address) — $3
VISA (NGN Physical Card) — N1,000
2. Transaction Fees
These charges apply when you use your card for purchases or withdrawals.
International ATM: 2% (may be higher in some countries - varies by banking ATM machine)
International Bank POS Cash Withdrawals: Similar to ATM withdrawals, there's a 2% fee for cashing out at international bank POS terminals.
International POS (For In-store purchases): You'll pay $0.25 for using your Timon card for in-person payments at international stores.
Exchange Rates: Margins vary per day.
Withdrawal to Your Bank Account: A N50 fee applies for each withdrawal.
Funding Your Naira Account: A N150 fee is charged when you fund your Naira account.
Transaction fee per debit transaction (Mastercard): 1% (min. of $1 and max of $5)
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 hello@timon.cards.