Wayex Visa Card

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Wayex Visa Card scores 7 of 16 on the CBL Card Score. Wayex, Visa. Custodial; custodian unnamed, no segregation statement. Lead Bank via Bridge; no licence cited.

CBL Card Score: 7 of 16

Criterion	Points	What we found	Source
Custody	0 of 2	Custodial. The terms describe wallets as custodial accounts "operated by Wayex or its appointed custodian", and the custodian is not named (official, terms). Balances are not bank deposits and are not insured (official, terms). The risk disclosure says omnibus wallets may be used and that treatment of customer assets in an insolvency depends on law and custodial contracts; no segregation statement was found (official, risk disclosure).	official checked 20 October 2026
Issuer and licence	1 of 2	Lead Bank issues the card "pursuant to licensing by Visa U.S.A. Inc.", with Bridge Ventures LLC as Program Manager, which Wayex says is not a bank (official, wayex.com/en/card and terms). Wayex does not cite Lead Bank's charter, regulator or FDIC certificate on any page checked. The Australian AUD card names no issuer on official pages; a 2021 report said Novatti would release the Cryptospend Visa card (third-party: Forkast, 15 Jul 2021).	official checked 20 October 2026
Availability	0 of 2	Official pages say the card is "live in 18+ regions today" and the app is available in 160+ countries, with fiat ramps for USD, EUR, GBP, MXN and BRL, but no country list is published (official, wayex.com/en/, checked 20 Oct 2026). The help centre FAQ says users must be an Australian citizen or live at an Australian address (official, help article, 9 Jun 2026). A review describes the core card as Australia-only, with the global stablecoin card in early rollout (third-party: coincodecap, updated 5 Apr 2026). EU, UK and Gulf service could not be confirmed. US not confirmed.	official checked 20 October 2026
FX fee on a foreign-currency purchase	1 of 2	Global card: USD spend 0%, any non-USD spend 1.5%, on both virtual and physical cards (official, wayex.com/en/card, checked 20 Oct 2026). Balances are held in USD, so a European cardholder pays 1.5% on nearly every purchase, at home and in UAE dirhams alike. Australian AUD card: 0% international FX fee (official, card guide, 17 Mar 2025, and fees article, 12 Aug 2026). Scored on the global card at 1.5%.	official checked 20 October 2026
Funding cost	1 of 2	Global card: virtual card free, physical card free, delivery "TBD", no monthly maintenance fee, USDC and DAI deposits 1:1 with no fee, USDT deposits 0.1%, replacement virtual card free and physical replacement "TBD" (official, wayex.com/en/card). No inactivity fee listed; the terms say the fee schedule covers inactivity fees "if any" (official, terms). Australian card: digital card free, physical card and delivery AUD 14.99, crypto-to-AUD conversion 0.40% on the Standard tier falling to 0% by 30-day volume, AUD deposits free (official, fees article, 12 Aug 2026).	official checked 20 October 2026
Apple Pay and Google Pay	2 of 2	Apple Pay and Google Pay, with push provisioning from the app (official, wayex.com/en/card).	official checked 20 October 2026
Freeze and dispute policy	1 of 2	Freeze in the app under Cards, then Card Controls, then Freeze card (official, dispute help article, 17 Mar 2025). Disputes go through a form from support, then Wayex lodges them with its card provider; no dispute window is stated and the process "may take several weeks to finalise" (official, help article). The complaints policy promises acknowledgement within three business days and resolution within 30 business days, with no external dispute body named (official, complaints help article, 17 Mar 2025). The terms route disputes to arbitration in Panama City (official, terms).	official checked 20 October 2026
Yield on idle balance	1 of 2	"Everyday Yield", marked live, "up to 5%" on liquid stablecoin balances (official, wayex.com/en/, checked 20 Oct 2026). No rate page, lock terms or eligibility conditions were found, and the risk disclosure describes yield features as offered "if offered" and subject to change or clawback (official, risk disclosure). Fixed-term deposits "up to 20%" with Kasu are marked coming soon (official).	official checked 20 October 2026

Total 7 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

7 of 16

First score

Standing

Company	Wayex Global S.A., Republic of Panama, is the contracting entity in the terms (official, wayex.com/en/terms, effective 05/12/2025). Wayex says it is a financial technology company and not a bank, and names no financial regulator (official, risk disclosure). The older Australian operation, formerly Cryptospend, still runs an AUD card through help.wayex.com; its Australian entity name and AUSTRAC registration were not found within budget (official help centre; third-party: coincodecap, 5 Apr 2026).
Network	Visa (official). official
Rails	Lead Bank issues the Visa card and Bridge Ventures LLC runs the programme (official). Customer balances sit in custodial wallets operated by Wayex or an unnamed appointed custodian (official).
Website	www.wayex.com/en/card
Health tag	Watch The card is issued by a named US bank through Bridge, but the contracting entity is a Panamanian company that names no regulator, holds funds in custodial and possibly omnibus wallets, and publishes no segregation statement (official terms and risk disclosure).
Last checked	20 October 2026

When it goes wrong

Freeze in the app under Cards, then Card Controls, then Freeze card (official, dispute help article, 17 Mar 2025). Disputes go through a form from support, then Wayex lodges them with its card provider; no dispute window is stated and the process "may take several weeks to finalise" (official, help article). The complaints policy promises acknowledgement within three business days and resolution within 30 business days, with no external dispute body named (official, complaints help article, 17 Mar 2025). The terms route disputes to arbitration in Panama City (official, terms).

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	Global card: USD spend 0%, any non-USD spend 1.5%, on both virtual and physical cards (official, wayex.com/en/card, checked 20 Oct 2026). Balances are held in USD, so a European cardholder pays 1.5% on nearly every purchase, at home and in UAE dirhams alike. Australian AUD card: 0% international FX fee (official, card guide, 17 Mar 2025, and fees article, 12 Aug 2026). Scored on the global card at 1.5%. official
Funding	Global card: virtual card free, physical card free, delivery "TBD", no monthly maintenance fee, USDC and DAI deposits 1:1 with no fee, USDT deposits 0.1%, replacement virtual card free and physical replacement "TBD" (official, wayex.com/en/card). No inactivity fee listed; the terms say the fee schedule covers inactivity fees "if any" (official, terms). Australian card: digital card free, physical card and delivery AUD 14.99, crypto-to-AUD conversion 0.40% on the Standard tier falling to 0% by 30-day volume, AUD deposits free (official, fees article, 12 Aug 2026). official
ATM	Global card: not listed (official). Australian card: no Wayex fee, ATM operator fees apply, AUD 1,000 per withdrawal and per day, Australia only, international ATM withdrawals not available (official, card guide, 17 Mar 2025, and fees article, 12 Aug 2026).
Tiers	Global card has no tiers. Australian trading fee tiers by 30-day volume: Standard 0.40%, Silver 0.30%, Gold 0.20%, Platinum 0.10%, Diamond 0% (official, fees article, 12 Aug 2026).

Cashback, as of 20 Oct 2026

None found on any official page (official, checked 20 Oct 2026; third-party: coincodecap, 5 Apr 2026).

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

Availability

Official pages say the card is "live in 18+ regions today" and the app is available in 160+ countries, with fiat ramps for USD, EUR, GBP, MXN and BRL, but no country list is published (official, wayex.com/en/, checked 20 Oct 2026). The help centre FAQ says users must be an Australian citizen or live at an Australian address (official, help article, 9 Jun 2026). A review describes the core card as Australia-only, with the global stablecoin card in early rollout (third-party: coincodecap, updated 5 Apr 2026). EU, UK and Gulf service could not be confirmed. US not confirmed. official

Identity checks: Passport or driver licence plus a selfie, age 18 or over (official, help FAQ, 9 Jun 2026). The global terms let Wayex ask for proof of identity or residence and geo-restrict by IP, GPS or documents (official, terms and risk disclosure).

What we still need confirmed

Facts marked official come from Wayex'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:

• Country list for the global card. Rescore availability to 1 if EU and UK are both served, 2 if the UAE or Saudi Arabia is added. open
• Lead Bank's charter and FDIC certificate as cited by Wayex. Rescore issuer to 2 if a licence reference is published. open
• Physical card delivery fee, shown as "TBD". Rescore funding to 2 if delivery is free and USDT top-ups drop to 0%. open
• Everyday Yield terms: lock, eligibility, paywall. Rescore yield to 2 if confirmed open with no lock and no paid tier. open
• Cardholder Agreement with Lead Bank, not linked from the site. Rescore freeze to 2 if a dispute window and response time are published. open
• Australian entity name and AUSTRAC registration for the AUD card. 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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