A euro account for receiving money by SEPA and a virtual Visa card in US dollars for spending it, with top-ups in USDC on Solana.
Known issue: Some users report blocked or frozen funds and slow support.
Status
| StatusWhether an Algerian can open it and whether it works. Not how many features it has. | Limited |
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Account details
| EUR IBANAn address for receiving euros from within the EEA, in your own name. | Yes |
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| GBP accountAn account number and sort code for receiving British pounds from within the UK. | No |
| USD ACHAccount and routing numbers for receiving dollars sent from inside the United States. The cheap everyday rail — but the sender must be in the US. | No |
| USD wireDetails for receiving dollars sent from outside the United States. Works from almost anywhere, but costs more and takes longer than ACH. | No |
| StablecoinAn address for receiving stablecoins such as USDT or USDC. | Yes |
What it costs
| Compared across banks | |
|---|---|
| OpeningA one-off charge to open the account. | $4.99 Includes the virtual card. |
| MonthlyWhat the account costs every month on the cheapest usable plan. | $2.99 Charged for the IBAN. |
| Foreign spendCharged when the card currency differs from the merchant currency. | $0.30 A flat charge per non-USD card payment, not a percentage. Paying in USD is free. |
| ATMWhat it costs to withdraw cash at an ATM. | Not supported |
| Virtual cardA one-off charge to issue a card that exists only in the app. | Free Activating it needs $10 in your balance. The $10 is not deducted. |
| Physical cardA one-off charge to issue a plastic card posted to you. | Not supported |
| What else Moneco charges | |
| Send EUR (SEPA) | €1 + 1% |
| Receive EUR (SEPA) | €1 Euros you receive are converted to US dollars automatically. |
| Send USDC (Solana) | 1% Cheaper than sending euros by SEPA at any amount: SEPA also charges 1%, plus €1. |
| Receive USDC (Solana) | Free |
| Send to another Moneco user | Free |
| Moving money onto the card | 1% |
| Paying in USD | $0 |
| Replacing the card | $5 |
| Currency conversion | Moneco publishes no rate Users complain of high conversion rates. The daily rate when receiving differs from the one used when sending. |
Card
| TypeWhether the card is virtual, physical, or both. | Virtual |
|---|---|
| NetworkWhich network the card runs on — this decides where it is accepted. |
Opening an account
| Sign-upWhich identity documents you need to open the account. | National ID OK |
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| PayingWhether you can use it to pay with PayPal. | Yes |
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| WithdrawingWhether you can move money from PayPal into it. | No |
Bank account — Moneco's EU IBAN does not qualify, and it offers no US account to Algerian residents. Card — The Visa card links for payments. Withdrawing onto it is unconfirmed. An Algerian PayPal account can only link a US bank account. PayPal charges a flat $5 for an on-demand card withdrawal, and nothing for a scheduled monthly payout. This applies to every card, not just this one. | |
Moneco in particular
| Topping up from Algeria | USDC on Solana Send on the Solana network only. Some frozen-funds reports may come from sending on the wrong network. |
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