A neobank giving Algerians a free EUR IBAN over SEPA, and a Visa card.
Status
| StatusWhether an Algerian can open it and whether it works. Not how many features it has. | Works |
|---|
Account details
| EUR IBANAn address for receiving euros from within the EEA, in your own name. | Yes |
|---|---|
| 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. | Free |
| MonthlyWhat the account costs every month on the cheapest usable plan. | Free |
| Foreign spendCharged when the card currency differs from the merchant currency. | 1.5% Charged when you spend in anything other than USD. |
| 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. | $2.50 Funding in euros costs 3 EUR. |
| Physical cardA one-off charge to issue a plastic card posted to you. | Not supported |
| What else Vaulfi charges | |
| Receive under €75 (SEPA) | 1% Capped at 0.75 EUR. |
| Receive €75 or more (SEPA) | 0.35%–0.5% |
| Receive USDC (Solana) | $0.50 A flat charge, whatever the amount. The minimum deposit is also $0.50. |
| Receive other crypto (Solana) | 0.5% (min $0.50) |
| Send to another Vaulfi user | €0.25 A flat charge, whatever the amount. |
| Send EUR out (SEPA) | 0.4%–0.75% Minimum 1.50 EUR. |
| Moving money onto the card | 0.5% |
| Each card payment | $0.30 A flat charge on every successful transaction, whatever its size. |
| A declined card payment | $0.50 |
| Replacing the card | $2.50 |
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 |
|---|
| PayingWhether you can use it to pay with PayPal. | Yes |
|---|---|
| WithdrawingWhether you can move money from PayPal into it. | No |
Bank account — Vaulfi only offers EUR. Card — Unconfirmed: one Algerian reviewer reports it partly works with the virtual card. Currencies: EUR 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. | |
Vaulfi in particular
| SEPA only | No SWIFT wires Sending and receiving is limited to SEPA (EU) countries. |
|---|---|
| Stablecoin deposits | Solana, one way only Accepts USDC or any other currency on Solana. There is no crypto withdrawal, so money leaves only over SEPA. |
| Minimum to issue a card | At least €3 in the account |
