Golomt Bank review

It is a bank card rather than a crypto card. The card type is debit, and the provider is Golomt Bank, a bank based in Mongolia. Spending draws on a bank account rather than a crypto balance, and the features listed are multi currency and travel.

The card applies a conversion fee of 1.5%. That is above the 1% median across the cards on the site, and well above 0.1% at Wise, 0% at Monzo Flex and 0% at Bitpanda. It ranks 133 of 237 brands on this measure.

The card holds 2 currencies and is listed with multi currency and travel as its features. In practice that suits a traveller or a household dealing in a small set of currencies rather than someone who needs a long list of them at the same time. Converting between the currencies you do not hold costs 1.5%.

It runs on visa, the network used by 57.6% of the cards on the site, ahead of 38.9%. That matters for acceptance at terminals and at cash machines abroad, where the conversion fee of 1.5% still applies to any spend in another currency.

Support runs on email, phone and help centre, covering email, phone and a help centre, so a card blocked while travelling can be sorted by phone. For comparison, 79.6% of the cards on the site offer a help centre and 44.7% offer phone.

It suits people banking in MN who want a multi-currency card for travel, and those who prefer a bank debit card with phone support. The features listed are multi currency and travel. It is a poor fit for anyone who spends across a long list of currencies, given 2 currencies on the card and a conversion fee of 1.5%.

On currency conversion, 1.5% at Golomt Bank is the highest of the four. Wise charges 0.1%, while Monzo Flex and Bitpanda list 0% and 0%. For context, the median conversion fee across the cards on the site is 1% and the upper quartile is 2.2%.

The cost score for Golomt Bank is 4.3, out of an overall score of 4.3 across the factors weighed. The cost picture is driven by the conversion fee of 1.5% against the 1% site median, with the card holding 2 currencies.