Fiat24 Debit Card

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Fiat24 Debit Card scores 6 of 16 on the CBL Card Score. Fiat24, Mastercard. Cash tokens in your wallet; fiat with Fiat24. SR Saphirstein AG, FINMA fintech licence.

CBL Card Score: 6 of 16

Criterion	Points	What we found	Source
Custody	1 of 2	Hybrid, scored as custodial. Account balances are booked as ERC20 cash tokens on Arbitrum and sit in the user's own Ethereum wallet; Fiat24 says the account token and cash tokens are not held in its web app (official, terms sections 7(c) and 21(a)). The underlying fiat is a deposit with SR Saphirstein AG. The Swiss Deposit Protection Scheme does not apply to client deposits with Fiat24 (official, terms section 7(b)). No safeguarding or segregation statement was found in the terms.	official checked 20 October 2026
Issuer and licence	2 of 2	SR Saphirstein AG, Switzerland, is named as the principal issuer of the Mastercard debit card, BIN 5481 0849 (official, docs card page). The card terms say Fiat24 issues the virtual cards on the Mastercard network (official, card terms section 1.1.11). Licence: Fintech licence under Article 1b of the Swiss Banking Act, FINMA supervised, listed on the FINMA fintech licence list dated 20 Oct 2026 (official, FINMA). The card terms misspell the company name in two places.	official checked 20 October 2026
Availability	0 of 2	New applications are closed. The homepage says "We are in maintenance mode, we are currently not accepting any new applications" and the Individual Account page repeats this with no end date (official, checked 20 Oct 2026). The pause was already in place on 11 Aug 2026 (third-party: cryptocardhub). US Persons are excluded, and nationals of Iran, North Korea and Russia cannot apply (official, Individual Account page). The country list loads by script on info.fiat24.com/overview and could not be read. The card page lists activation minimums for the Eurozone, Switzerland and "rest of the world" (official). A third party counts 42 card countries with the US restricted (third-party: cryptocardhub, 11 Aug 2026). UK and Gulf coverage not confirmed.	official checked 20 October 2026
FX fee on a foreign-currency purchase	0 of 2	Not published. The card terms refer to "conversion fees" with no rate (official, card terms section 2.14). The card is issued in EUR, USD, CHF and RMB and charges a matching balance first, so a European cardholder paying in USD or AED from a EUR balance pays an unpublished conversion (official, docs card page). A third party confirms no universal percentage is published (third-party: cryptocardhub, 11 Aug 2026).	official checked 20 October 2026
Funding cost	0 of 2	Crypto top-up costs 1% on Standard (5 to 8 digit NFT), 0.5% on Premium, 0.25% on Ultimate, plus gas (official, Crypto Top-up page and pricing page effective 1 June 2024). Virtual card free to every verified user, activated with a minimum balance of 10 EUR, 10 CHF or 10 USD by region (official, docs card page). No physical card exists. No monthly or inactivity card fee is listed (official, pricing page). Account NFT mint: free for an 8 digit number, 1 F24 for 5 or 6 digits (official, pricing page). Refund processing fee of 1 USD, 1 EUR, 1 CHF or 7 CNH per refund from 15 May 2026 (official, docs card page). EUR and CHF bank transfers in and out are free; returned transfers cost 10 EUR or CHF (third-party: cryptocardhub, 11 Aug 2026).	official checked 20 October 2026
Apple Pay and Google Pay	2 of 2	Apple Pay, Google Pay and Samsung Pay (official, docs card page and card terms section 5.2, which says no extra fee for adding the card to a digital wallet).	official checked 20 October 2026
Freeze and dispute policy	1 of 2	Block and unblock from the app, with each action locked for 24 hours after use (official, docs card page). Lost or stolen cards must be reported to Fiat24 without delay and Fiat24 will block the card (official, card terms sections 3.2 and 3.3). Unauthorised or incorrect transactions must be reported no later than 2 months from the transaction date (official, general terms section 14(a)). The card terms give no chargeback route beyond a refund from the merchant, and no response time (official, card terms sections 2.7, 9.2, 9.3). No formal complaints timeline. Swiss law, Zurich courts (official).	official checked 20 October 2026
Yield on idle balance	0 of 2	None. "Fiat24 does not pay any interest on client deposits" (official, terms section 7(b), effective 21 April 2026).	official checked 20 October 2026

Total 6 of 16. Official means the company's own site, terms or help centre. Third-party means a named review site with its own check date; a third-party fact is reported, not verified, and the score stands until an official source confirms or contradicts it.

Score history

20 October 2026

6 of 16

First score

Standing

Company	Fiat24 is the brand of SR Saphirstein AG, Bellerivestrasse 245, 8008 Zurich, Switzerland, company registration CHE-256.014.995. It holds a Fintech licence under Article 1b of the Swiss Banking Act and is supervised by FINMA (official, fiat24.com footer and terms section 1(a)). SR Saphirstein AG appears on FINMA's list of fintech licence holders dated 20 Oct 2026 (official, FINMA register). One entity serves all regions (official).
Network	Mastercard (official). The card moved from Visa to Mastercard in December 2024 (third-party: cryptocardhub, 11 Aug 2026). official
Rails	SR Saphirstein AG issues the Mastercard under its own FINMA fintech licence and holds client fiat as deposits. Balances are mirrored as ERC20 cash tokens in the user's wallet on Arbitrum (official).
Website	docs.fiat24.com/user/payments/mastercard-debit.md
Health tag	Watch The issuer holds a FINMA fintech licence and is on the FINMA register, but new applications have been closed since at least August 2026 with no end date, client deposits carry no Swiss deposit insurance, and no segregation statement is published (official register and terms; third-party).
Last checked	20 October 2026

When it goes wrong

Block and unblock from the app, with each action locked for 24 hours after use (official, docs card page). Lost or stolen cards must be reported to Fiat24 without delay and Fiat24 will block the card (official, card terms sections 3.2 and 3.3). Unauthorised or incorrect transactions must be reported no later than 2 months from the transaction date (official, general terms section 14(a)). The card terms give no chargeback route beyond a refund from the merchant, and no response time (official, card terms sections 2.7, 9.2, 9.3). No formal complaints timeline. Swiss law, Zurich courts (official).

The dispute route, in order: the company's own support desk, then the card network's chargeback rules, then the regulator of the issuer where one is named. A frozen card is a question, not a verdict: the Frozen Account Survival Kit applies to cards too.

Costs

FX	Not published. The card terms refer to "conversion fees" with no rate (official, card terms section 2.14). The card is issued in EUR, USD, CHF and RMB and charges a matching balance first, so a European cardholder paying in USD or AED from a EUR balance pays an unpublished conversion (official, docs card page). A third party confirms no universal percentage is published (third-party: cryptocardhub, 11 Aug 2026). official
Funding	Crypto top-up costs 1% on Standard (5 to 8 digit NFT), 0.5% on Premium, 0.25% on Ultimate, plus gas (official, Crypto Top-up page and pricing page effective 1 June 2024). Virtual card free to every verified user, activated with a minimum balance of 10 EUR, 10 CHF or 10 USD by region (official, docs card page). No physical card exists. No monthly or inactivity card fee is listed (official, pricing page). Account NFT mint: free for an 8 digit number, 1 F24 for 5 or 6 digits (official, pricing page). Refund processing fee of 1 USD, 1 EUR, 1 CHF or 7 CNH per refund from 15 May 2026 (official, docs card page). EUR and CHF bank transfers in and out are free; returned transfers cost 10 EUR or CHF (third-party: cryptocardhub, 11 Aug 2026). official
ATM	No ATM withdrawals. The card is virtual only with no PIN (official, docs card page). The card terms mention a fee for an ATM limit query or statement, with no amount (official).
Tiers	Standard (5 to 8 digit NFT, free or 1 F24), Premium (4 digit NFT, 1,500 F24), Ultimate (3 digit NFT, 15,000 F24). Card limits per month: 20,000 EUR, 200,000 EUR, 1,000,000 EUR (official, docs card page and pricing page). Monthly transaction limit for new individual clients USD 30,000 from 5 June 2026 (official, Individual Account page).

Cashback, as of 20 Oct 2026

None found on any official page (checked 20 Oct 2026). A third party confirms no recurring card cashback on any tier (third-party: cryptocardhub, 11 Aug 2026).

Cashback is a dated fact, not part of the Card Score. Promo rates change too often to score.

Availability

New applications are closed. The homepage says "We are in maintenance mode, we are currently not accepting any new applications" and the Individual Account page repeats this with no end date (official, checked 20 Oct 2026). The pause was already in place on 11 Aug 2026 (third-party: cryptocardhub). US Persons are excluded, and nationals of Iran, North Korea and Russia cannot apply (official, Individual Account page). The country list loads by script on info.fiat24.com/overview and could not be read. The card page lists activation minimums for the Eurozone, Switzerland and "rest of the world" (official). A third party counts 42 card countries with the US restricted (third-party: cryptocardhub, 11 Aug 2026). UK and Gulf coverage not confirmed. official

Identity checks: Biometric ID or ePassport (Chinese National ID accepted for Mainland China), GPS location capture required by FINMA, risk questions, and a tax identification number. Over 18, one account per person, no US Persons, no PEPs, no OFAC or EU sanctioned persons (official, Individual Account page).

What we still need confirmed

Facts marked official come from Fiat24's own pages or terms. Facts marked third-party are reported by a named review site and count as reported, not verified. These items are open for the next Monday sweep:

• Whether new applications have reopened. Rescore availability to 1 or 2 once the country list on info.fiat24.com/overview can be read and shows the UK or the Gulf. open
• Card FX or conversion fee for a EUR balance spending in USD. Rescore fx to 1 if 1.5% or under, to 2 if 0%. open
• Any published statement on how client deposits are held. Rescore custody to 0 if deposits are pooled with company funds or lent out. open
• Dispute response time. Rescore freeze to 2 if a response time is published alongside the 2 month window. open
• tile_color taken from the dominant colour of the logo file in assets/logos/ on 20 Oct 2026; confirm against brand assets. open

See a mistake? Email hi@cryptobanklist.com. Every factual correction is logged on our corrections page.

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