Xapo Bank Fees
Glossary of Terms
Xapo VASP Fees

xapo BANK fees

name of the account provider:

Xapo Bank Limited

account name:

Xapo account

date:

08 November 2023

This document informs you about the fees for using the main services linked to the payment account. It will help you to compare these fees with those of other accounts.

Fees may also apply for using services linked to the account which are not listed here. Full information is available in the Fees Section of the Xapo Bank Limited Terms & Conditions.

A glossary of the terms used in this document is available free of charge.

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01 General Account Services

Maintaining the account

Includes a package of services consisting of: USD bank account, international premium debit card and an ultra-secure Vault that supports USD. Services beyond these may be charged separately.

150 USD a year or 14.99 USD a month

02 payments (excluding cards)

Sending money through SWIFT

0 USD

Receiving money through SWIFT

0 USD

Receiving money from outside Gibraltar

0 USD

Receiving money through the Faster Payment System

0.15 GBP

Sending money through the Faster Payment System

0.15 GBP

Receiving money through the SEPA system

0.10 EUR

Sending money through the SEPA system

0.15 EUR

Sending money through the SEPA Instant system

0.20 EUR

Sending funds in USDT

The fee can vary depending on the network usage of other participants. Xapo does not generate profit from this fee but only covers transaction costs.

Receiving funds in USDT

The fee can vary depending on the network usage of other participants. Xapo does not generate profit from this fee but only covers transaction costs.

Sending funds in USDC

The fee can vary depending on the network usage of other participants. Xapo does not generate profit from this fee but only covers transaction costs.

Receiving funds in USDC

The fee can vary depending on the network usage of other participants. Xapo does not generate profit from this fee but only covers transaction costs.

Intermediary banks fees may apply, especially for international cross-border transactions.

03 cards and cash

Metal Card Issuance Fee

89 USD

Cash withdrawal (ATM) in and outside Gibraltar up to 100 USD per month

0 USD, ATM operator fees may apply

Cash withdrawal (ATM) in and outside Gibraltar above 100 USD per month

2% of the withdrawal amount, ATM operator feesmay apply

Receiving money from outside Gibraltar

0 USD

replacement of card:

First replacement card in a year (January-December)

0 USD

Additional replacement card in a year (January-December)

25 USD

Emergency replacement card production

100 USD

Emergency replacement card shipping

depending on shipping address

Emergency cash access

120 USD

Closed card: fee charged when the card was cancelled by the user and a new one was requested

25 USD

Debit Card payment

0 USD, operator fees may apply

Debit Card payment in a foreign currency

0 USD, operator fees may apply

04 overdrafts and related services

Arranged overdraft

not applicable

Unarranged overdraft

not applicable

05 other services

Dispute fee (charged in case of a non-substantiated dispute)

45 USD

airport lounge access:

First yearly visit

0 USD

Subsequent visits in the same year

35 USD

Guest visit fee

35 USD

Cancellation fee (charged when a Xapo account is closed within 14 days of creation, but the free airport lounge service has already been used)

32 USD

Cancelling a cheque

not applicable

Refusing a payment due to lack of funds

0 USD

Allowing a payment despite lack of funds

0 USD

06 Wealth fees

These fees only apply to the Xapo Bank Wealth Product, governed by the Terms and Conditions here.
‍

Buying Stocks:

Buying Stocks

1% of Trade Value

Example:

You buy 1000 USD of Apple at 145 USD a share (6.897 shares in AAPL)

1% of trade value = 10 USD

Selling Stocks:

Trading Activity Fee (TAF)

0.000145 USD per share
(max. 7.27 USD, min. 0.01 USD per trade)

Securities and Exchange Commission (SEC) Fee

0.000008 USD * USD transaction value
(min. 0.01 USD per trade)

Selling Stock (Total)

1% of Trade Value + TAF + SEC Fee

Example:

You sell 1000 USD of Apple at 145 USD a share (6.897 shares in AAPL)

TAF = 0.000145 USD per share, or 0.000145*6.897 = 0.001, rounded up to minimum of 0.01 USD
SEC Fee = 0.000008 USD multiplied by the transaction value, or 0.000008*1000 = 0.008, rounded up to the minim of 0.01 USD
1% of trade value = 10 USD
0.01 + 0.01 + 10 = 10.02 USD

Glossary of Terms

Services and definitions

Services

definition

Maintaining the account

The account provider operates the account for use by the customer

Unarranged Overdraft

The customer borrows money when there is no money le in the account (or when the customer has gone past their arranged overdraft limit) and this has not been agreed with the account provider in advance.

Arranged Overdraft

The account provider and the customer agree in advance that the customer may borrow money when there is no money left in the account. The agreement determines a maximum amount that can be borrowed, and whether fees and interest will be charged to the customer.

Standing Order

The account provider makes regular transfers, on the instruction of the customer, of a fixed amount of money from the customer’s account to another account.

Direct Debit

The customer permits someone else (recipient) to instruct the account provider to transfer money from the customer’s account to the recipient. The account provider then transfers money to the recipient on a date or dates agreed by the customer and the recipient. The amount may vary.

Refusing a payment due to lack of funds

The account provider refuses a payment from the customer’s account because there is not enough money in it (or it would take the customer past their arranged overdraft limit).

Allowing a payment despite lack of funds

The account provider allows a payment to be made from the customer’s account although there is not enough money in it (or it would take the customer past their arranged overdraft limit).

Sending money within Gibraltar

The account provider transfers money, on the instruction of the customer, from the customer’s account to another account in Gibraltar.

Sending money outside Gibraltar

The account provider transfers money, on the instruction of the customer, from the customer’s account to another account outside Gibraltar.

Receiving money from outside Gibraltar

Money is sent to the customer’s account from an account outside Gibraltar.

Cash withdrawal (ATM) in Gibraltar

The customer takes cash out of the customer’s account at a cash machine in Gibraltar.

Cash withdrawal (ATM) in foreign currency outside Gibraltar

The customer withdraws cash out of the customer’s account at a cash machine outside Gibraltar.

Cash withdrawal in a foreign currency inside Gibraltar

The customer withdraws cash out of the customer’s account in a foreign currency at a cash machine or, where available, at a bank inside Gibraltar.

Debit card payment

The customer uses a debit card to make a payment in USD. This can be in a shop, online or over the phone.

Debit card payment in a foreign currency

The customer uses a debit card to make a payment in a foreign currency. This can be in a shop, online or over the phone.

Cancelling a cheque

The customer asks the account provider to cancel a cheque that the customer has written.

Chargeback processing services

The customer asks the account provider to reverse a transaction.

Xapo VAsp FeeS

01 Transaction Fees

Internal bitcoin transactions between Xapo accounts are not subject to processing fees.

The cost to send transactions via the bitcoin network constantly fluctuates. Since the cost to process both incoming and outgoing transactions is continuously changing, we recommend always checking this information.

Outgoing transactions from your Xapo account to an external address will be charged a standard fee which will be displayed on the confirmation screen. You can choose to pay a higher priority fee in order to have your transaction processed more quickly! These fees are dynamically calculated at the time of the transaction, so what is shown here are only the current fees and they are always changing.

02 Wallet

if you deposit less than BTC 0.0007, Xapo Bank may credit you with BTC 0.
This fee is applicable only for deposits below BTC 0.0007. We don't charge deposit fees for larger deposits.

For example:

Deposits below BTC 0.0007 are charged a variable transit fee dependent on transaction size and current Bitcoin network fees. The variable fee depends on the market conditions.

03 LIGHTNING Network

Xapo does not charge a fee for Lightning network payments.

Lightning network charges a small variable transaction fee for each transfer. We fixed the fee to 15 SAT to protect our members from unreasonably high transaction fees. If the fee is above 15 SAT, the transaction will fail. When the fee is below 15 SAT, Xapo will keep the difference

04 Crypto Wealth fees

These fees only apply to the Xapo VASP Crypto Wealth Product, governed by the Terms and Conditions here.
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Buying:

Buying

1% of Trade Value

Example:

You buy 100 USD of ETH when ETH is worth 1500 USD (0.067 ETH)

1% of trade value = 1 USD

Selling:

Selling

1% of Trade Value

Example:

You sell 134 USD of ETH when ETH is worth 2000 USD (0.067 ETH)

1% of trade value = 1.34 USD

Contents

xapo BANK fees

01 General Account Services

02 payments (excluding cards)

03 cards and cash

replacement of card:

04 overdrafts and related services

05 other services

airport lounge access:

06 Wealth fees

Buying Stocks:

Example:

Selling Stocks:

Example:

Glossary of Terms

Services and definitions

Services

definition

Xapo VAsp FeeS

01 Transaction Fees

02 Wallet

For example:

03 LIGHTNING Network

04 Crypto Wealth fees

Buying:

Example:

Selling:

Example: