Fi Money review
Updated September 28, 2026 · HodlCue Editorial Team · Facts checked September 26, 2026
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Our verdict
Fi Money charges a monthly fee of INR 0 and a currency conversion fee of 0%, so the running cost of this debit card is as low as the fee data goes. It suits travellers who want a plain card to spend the balance in the account, licensed in Belgium by the central bank.
Pros and cons
Pros
- Monthly fee of INR 0 on the debit card, so keeping the account open costs nothing.
- Currency conversion fee of 0% on an account listed for travel spending, so travel spending carries no conversion charge in the data.
- Runs on the visa network.
- Backed by Money International under Belgian central bank licence PSD_PI BE_NBB!0475445104.
Cons
- A debit card, so it spends only what sits in the account and nothing beyond it.
- One provider sits behind the card, Money International in Belgium, so support and balances follow that entity.
- The listed feature set is travel, so the account is built around one use rather than a broad range of them.
Who it suits
- Travellers who spend the account balance in another currency and care that the conversion fee is 0%.
- Anyone who wants a debit card with a monthly fee of INR 0.
- Readers who check the licence first, since the card runs under PSD_PI BE_NBB!0475445104 with Money International behind it.
Who should look elsewhere
- Wise, if you would rather start from its monthly fee of £0, quoted in a different currency from the INR 0 listed here.
- Monzo Flex, whose monthly fee of £0 gives a second price point in yet another currency.
- Bitpanda, which lists a monthly fee of €0 in a different currency, if you want a different quote for the same running cost.
How Fi Money compares
Its monthly fee of €0 is listed in a different currency, which makes the INR 0 charged here easier to place.
Where Fi Money is available
- Available
- Belgium, India
- Licence in Belgium
- BE_NBB (PSD_PI BE_NBB!0475445104), checked September 26, 2026, also valid in Belgium
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
How much is the monthly fee on the Fi Money card?+
The monthly fee is INR 0, so holding the debit card does not cost anything each month. The only other fee in the data is the currency conversion fee of 0%, which matters mainly if you spend the balance outside the currency you hold.
What does it cost to convert currency?+
The currency conversion fee is 0%, which matches the travel focus of the card. In practice that means spending the account balance in another currency carries no conversion charge in the fee data, so card use while travelling does not add a markup.
What kind of card is it and what network does it run on?+
It is a debit card, so it spends the balance in the account and does not hold a separate stored balance. The card runs on the visa network, and the monthly fee of INR 0 applies to it.
Who runs the account and which regulator licenses it?+
The account is run by Money International, and the licence is PSD_PI BE_NBB!0475445104, issued by Belgium's central bank. It is listed as a payment institution licence under that central bank, so the provider sits inside the EU payment services framework.
Where is Fi Money based?+
The entity behind the card, Money International, is registered in Belgium. That matters for how the account is supervised, since the licence PSD_PI BE_NBB!0475445104 comes from the Belgian central bank rather than a regulator in another country.
How does the monthly fee compare with Monzo Flex, Wise and Bitpanda?+
All three alternatives list a monthly fee of £0, £0 and €0, so the monthly cost is close across the group. The differences sit in the currency each fee is quoted in and in how the card is used, since this one is built around travel.
Where does the money sit on this card?+
The card is debit, so funds sit in the account opened with Money International and the card is only the way to spend them. The account operates under licence PSD_PI BE_NBB!0475445104 in Belgium, which is the supervision stated for the provider.
Who is the card built for?+
The card is listed for travel, so it targets people who travel and spend the account balance abroad. With a conversion fee of 0% and a monthly fee of INR 0, the case rests on cost while moving money across currencies rather than on features listed for other audiences.
Sources
- euclid.eba.europa.eu/register/downloads/PSDMD/20260926/do... checked September 26, 2026
Backs: Headquarters, Legal entity, Licences
“EntityCode=BE_NBB!0475445104; EntityType=PSD_PI; ENT_NAM=Money International”
- fi.money/open-savings-account-online checked September 26, 2026
Backs: Card type, Features, Currency conversion fee, Monthly fee, Card network
“Get a sleek VISA Debit Card with zero FOREX charges”
Compiled from 2 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Free ATM withdrawals, Protection.