TrueMoney review

TrueMoney's currency conversion fee is 3.5%. The site median for currency conversion is 1%, and TrueMoney sits at 222 out of 237 brands ranked on that fee, so it costs more than most of the field.

Loading the wallet is No fee, so the top-up itself is not what eats the balance. The cost sits elsewhere: changing the balance into another currency, which is charged at 3.5%. Worth loading only what you plan to spend.

TrueMoney issues a prepaid card that runs on mastercard. Spending draws on the money in the wallet rather than a bank balance, so what you load is what the card can pay for, and it is accepted wherever Mastercard cards are used.

Yes. The account is multi currency, so several currencies can sit in one wallet and the card works across them. The multi-currency side is the strength; the bill for changing from one currency to another is 3.5%.

The wallet is run by TrueMoney International, a company founded in 2003 and based in Thailand. It is an established operator rather than a new entrant, though the accounts are prepaid wallets and not bank current accounts.

TrueMoney charges 3.5% to convert. Wise charges 0.1%, Monzo Flex charges 0% and Bitpanda's card charges 0%, so all three sit below TrueMoney for anyone converting regularly. That gap matters most for frequent currency changes.

It suits people who want one multi currency wallet for everyday spending, especially those who pay in a single currency and top up as needed. It suits travellers less well, because 3.5% on conversion is far above the site median of 1%.