SavePay Card

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SavePay Card scores 9 of 16 on the CBL Card Score. SavePay, Mastercard. Tokenised deposit in own wallet; Fiat24 can block. SR Saphirstein AG, FINMA fintech licence.

CBL Card Score: 9 of 16

Criterion	Points	What we found	Source
Custody	1 of 2	Tokenised deposit. Balances sit as ERC20 Fiat24 cash tokens (CHF24, EUR24, USD24) in the user's own Arbitrum wallet, with an account NFT as the key, and Fiat24's terms say the tokens "are not safe kept in our Fiat24 Web-App or Website" (official, Fiat24 terms effective 21 Apr 2026; Fiat24 NFT page). The fiat behind the tokens is a deposit with Fiat24, which can hard-block or soft-block an account from its side, pays no interest, and states that the Swiss Deposit Protection Scheme does not apply (official, Fiat24 terms). No segregation statement found in the terms; a review site says client funds are held at the Swiss central bank (third-party: cryptocards.so, undated).	official checked 20 October 2026
Issuer and licence	2 of 2	SR Saphirstein AG (Fiat24), Zurich, "principal issuer of MasterCard", BIN 5481 0849 (official, Fiat24 Mastercard Debit page). FINMA fintech licence under Article 1b of the Banking Act; SR Saphirstein AG appears on FINMA's list of fintech licence holders, checked 20 Oct 2026 (official, FINMA). Audited by Grant Thornton Switzerland (official, SavePay docs).	official checked 20 October 2026
Availability	0 of 2	SavePay's docs list no countries. Fiat24 offered the card to clients domiciled in Switzerland or the EEA, with Mastercard for mainland China "and other eligible countries" from December 2024 (official, SavePay docs, Fiat 24 Bank Account page). Activation minimums are set for the Eurozone, Switzerland and "rest of world" (official, SavePay activation page). US persons are excluded (official, Fiat24 individual account page). UK and Gulf unconfirmed; the eligible-country list is referenced at info.fiat24.com/overview and did not render in this check (official). Fiat24's individual account page says it is "currently not accepting new Individual Clients" while maintenance works run, and limit upgrades are paused (official, checked 20 Oct 2026). Only the EU is confirmed, and new onboarding is closed today.	official checked 20 October 2026
FX fee on a foreign-currency purchase	2 of 2	Cards are issued in EUR, USD, CHF and RMB. With Direct Pay on, a purchase is charged to the matching currency balance first, so a USD purchase from a USD24 balance carries no conversion (official, Fiat24 Mastercard Debit user doc). Exchange between the account currencies is "No fee, it's free", with the rate updated hourly and the rate source not published (official, Fiat24 money exchange page; SavePay currency exchange page). Purchases in currencies outside those four convert to the default card currency at an unpublished rate, and the Fiat24 page says Direct Pay "avoids unnecessary foreign exchange fees", which implies a charge when conversion happens. Scored on the USD route under the FX rule.	official checked 20 October 2026
Funding cost	1 of 2	Crypto top-up on Fiat24 is 1.0% for Standard accounts (5 to 8 digit NFT), 0.5% Premium, 0.25% Ultimate (official, Fiat24 pricing, effective 1 Jun 2024). SavePay says its users get "lower rates, low to 0.2%", without a fixed figure (official, SavePay crypto top-up FAQ). Virtual card free; the card is virtual only, no physical card and no PIN (official, SavePay card page; Fiat24 Mastercard Debit user doc). No management fee on the account (official, SavePay). Account NFT mint: SavePay asks for 0.001 ETH on Arbitrum, which it describes as "for verification purposes only" with "no fees charged" (official, SavePay registration guide). Activation needs a first deposit of 10 EUR, 10 CHF or 10 USD (official). Refund processing fee of 1 USD, 1 EUR, 1 CHF or 7 CNH from 15 May 2026 (official, Fiat24). No inactivity fee found.	official checked 20 October 2026
Apple Pay and Google Pay	2 of 2	Apple Pay, Google Pay and Samsung Pay (official, SavePay card page and payment tutorials; Fiat24 Mastercard Debit user doc). SavePay's docs flag Apple Pay as supported since February 2025 (official).	official checked 20 October 2026
Freeze and dispute policy	1 of 2	Card can be blocked and unblocked in the dApp, with a 24-hour lock after each change (official, Fiat24 Mastercard Debit user doc). Terms: report unauthorised or incorrect transactions at once and no later than 2 months after the transaction date; Fiat24 refunds unauthorised payments and its own errors on request, with exclusions for fraud, gross negligence and late notice (official, Fiat24 terms effective 21 Apr 2026, sections 14a and 18e). Merchant refunds take up to 7 days, 30 days cross-border (official). No chargeback route, response time or formal complaints procedure published; support goes through the web app (official).	official checked 20 October 2026
Yield on idle balance	0 of 2	Fiat24 pays no interest on client deposits (official, Fiat24 terms). SavePay's site and docs mention "rewards from their deposits and spending" and "yield integration" with no rate, lock or terms published (official, savepay.org title and docs).	official checked 20 October 2026

Total 9 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

9 of 16

First score

Standing

Company	SavePay (savepay.org), a front end "powered by Fiat24". SavePay names no legal entity or address of its own in its docs (official). The account, IBAN and card behind it come from Fiat24, the trademark of SR Saphirstein AG, Bellerivestrasse 245, 8008 Zurich, company number CHE-256.014.995, licensed by FINMA as a fintech under Article 1b of the Swiss Banking Act (official, info.fiat24.com/overview footer; FINMA fintech licence list). Registration through SavePay hands the user to Fiat24's own KYC flow, and SavePay says it stores none of the personal data (official, SavePay registration guide).
Network	Mastercard. SavePay's docs call it a "Visa/Mastercard prepaid debit card"; Fiat24's current user docs describe one product, the Fiat24 Mastercard Debit, BIN 5481 0849, with SR Saphirstein AG as principal issuer (official). An earlier Visa programme for Swiss and EEA clients ran with Wallester (third-party: Wallester blog, undated). official
Rails	SavePay is a front end on Fiat24. SR Saphirstein AG, FINMA-licensed under Article 1b of the Swiss Banking Act, issues the Mastercard and holds the fiat behind the cash tokens the user keeps in their own wallet (official).
Website	www.savepay.org
Health tag	Watch The issuer holds a FINMA fintech licence and is audited, but deposits sit outside the Swiss deposit scheme, Fiat24 has paused new individual onboarding, SavePay names no legal entity of its own, and review-site users report KYC, refund and transfer problems (official Fiat24 terms and account page; third-party cryptocards.so).
Last checked	20 October 2026

When it goes wrong

Card can be blocked and unblocked in the dApp, with a 24-hour lock after each change (official, Fiat24 Mastercard Debit user doc). Terms: report unauthorised or incorrect transactions at once and no later than 2 months after the transaction date; Fiat24 refunds unauthorised payments and its own errors on request, with exclusions for fraud, gross negligence and late notice (official, Fiat24 terms effective 21 Apr 2026, sections 14a and 18e). Merchant refunds take up to 7 days, 30 days cross-border (official). No chargeback route, response time or formal complaints procedure published; support goes through the web app (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	Cards are issued in EUR, USD, CHF and RMB. With Direct Pay on, a purchase is charged to the matching currency balance first, so a USD purchase from a USD24 balance carries no conversion (official, Fiat24 Mastercard Debit user doc). Exchange between the account currencies is "No fee, it's free", with the rate updated hourly and the rate source not published (official, Fiat24 money exchange page; SavePay currency exchange page). Purchases in currencies outside those four convert to the default card currency at an unpublished rate, and the Fiat24 page says Direct Pay "avoids unnecessary foreign exchange fees", which implies a charge when conversion happens. Scored on the USD route under the FX rule. official
Funding	Crypto top-up on Fiat24 is 1.0% for Standard accounts (5 to 8 digit NFT), 0.5% Premium, 0.25% Ultimate (official, Fiat24 pricing, effective 1 Jun 2024). SavePay says its users get "lower rates, low to 0.2%", without a fixed figure (official, SavePay crypto top-up FAQ). Virtual card free; the card is virtual only, no physical card and no PIN (official, SavePay card page; Fiat24 Mastercard Debit user doc). No management fee on the account (official, SavePay). Account NFT mint: SavePay asks for 0.001 ETH on Arbitrum, which it describes as "for verification purposes only" with "no fees charged" (official, SavePay registration guide). Activation needs a first deposit of 10 EUR, 10 CHF or 10 USD (official). Refund processing fee of 1 USD, 1 EUR, 1 CHF or 7 CNH from 15 May 2026 (official, Fiat24). No inactivity fee found. official
ATM	Not described. The card is virtual only without a PIN (official, Fiat24 Mastercard Debit user doc).
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 Standard 10,000 EUR a day and 20,000 EUR a month, Premium 100,000 and 200,000, Ultimate 500,000 and 1,000,000 (official, Fiat24 pricing and Mastercard Debit pages).

Cashback, as of 20 Oct 2026

None found (official docs; third-party: coincodecap, 24 Feb 2026).

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

Availability

SavePay's docs list no countries. Fiat24 offered the card to clients domiciled in Switzerland or the EEA, with Mastercard for mainland China "and other eligible countries" from December 2024 (official, SavePay docs, Fiat 24 Bank Account page). Activation minimums are set for the Eurozone, Switzerland and "rest of world" (official, SavePay activation page). US persons are excluded (official, Fiat24 individual account page). UK and Gulf unconfirmed; the eligible-country list is referenced at info.fiat24.com/overview and did not render in this check (official). Fiat24's individual account page says it is "currently not accepting new Individual Clients" while maintenance works run, and limit upgrades are paused (official, checked 20 Oct 2026). Only the EU is confirmed, and new onboarding is closed today. official

Identity checks: Over 18, biometric passport or ID scanned with the ReadID Ready app, GPS location at registration, tax number, not a US person, no Iran, North Korea or Russia nationality, not a PEP, no previous Fiat24 account (official, Fiat24 individual account page; SavePay registration guide).

What we still need confirmed

Facts marked official come from SavePay'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 Fiat24 has reopened individual onboarding, and whether SavePay registrations go through. Keep availability at 0 until confirmed open. open
• Fiat24's eligible-country list at info.fiat24.com/overview. Rescore availability to 1 if the UK or the UAE or Saudi Arabia is served and onboarding is open. open
• Conversion markup on purchases outside EUR, USD, CHF and CNH, and the source of the hourly exchange rate. Rescore FX to 0 if a markup above 1.5% is confirmed on the entry tier. open
• The exact crypto top-up rate a new SavePay user pays. Rescore funding to 0 if it is the 1.0% Standard rate; rescore to 2 if stablecoin top-up is free. open
• Where Fiat24 holds the fiat behind the cash tokens and whether it is segregated. Rescore custody to 2 only if the card can be spent without Fiat24 being able to block the account. open
• SavePay's legal entity and address (brand asset files did not render); tile_color taken from the dominant colour of the logo file in assets/logos/ on 20 Oct 2026, confirm against brand assets. open
• Response time on disputes. Rescore freeze to 2 if a response time is published. open
• Any live rewards or yield programme with published terms. Rescore yield to 1 if terms exist. open

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

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