Fees & Limits
With Lyk, happy holiday spending is about being clear, fair and free of excessive rates or charges.
Fees
Fees
| Fees | Cost | Explanation |
|---|---|---|
| Card fee | Free | No charge for getting a card. |
| Mobile App | Free | Download for free. Whilst away, do be aware of roaming charges. |
| Load/Reload fee | Free for loads into foreign currency wallet using GBP. 2% for loads into the GBP currency wallet. | Charged only when you load money into your GBP wallet. Like a commission fee. |
| Replacement Card fee | Free | Free service to send you a new Card whilst you are away if your Card is lost, stolen or damaged |
| Card use fee | Free | Free to use at Merchants (e.g. shops and restaurants). Some Merchants may charge their own fee. |
| Foreign exchange fee | Free | Fee charged if using your card for a transaction in a currency not on your card or if you don’t have enough balance in the local currency and the rest is taken from another currency wallet. |
| Currency transfer fee | Foreign exchange rate applies, varies each day. | Charged when transferring money between currency wallets. |
| Inactivity fee | GB£2 per month | Only charged after a 15-month period of you not using your card for transactions or to reload, including after the Agreement has ended. No balance, no fee. |
| Shortfall fee | GB£10 | Charged if a transaction takes your balance below zero (0). |
| ATM withdrawal fee | GB£1.50, EU€1.75, US$2.50, AU$2.30, CA$2.40, NZ$3, ZAR20, TRY5.40, CHF2.20, AED8 | Flat rate fee charged when withdrawing from a cash machine. Some operators may also charge a fee. |
| Cash out fee via Card Services (except in an emergency) | GB£6 | Cash out your card. Your card will remain active, unless you choose to close it. |
| Cash out fee at the purchase location | Free | Cash out your card in-store in GBP. Your card will remain active, unless you choose to close it. |
Limits
Limits
For your security there are some limits placed on your card. The limits shown are the GBP equivalents of the limits available on the Card, across all Currencies.
| Limits | Amounts |
|---|---|
| Minimum amount you can load or reload | £50 |
| Maximum you can withdraw from an ATM in 24 hours | £500* |
| Maximum amount you can spend at merchants in 24 hours | £3,000* |
| The most you can have on your Card at any one time | £5,000 |
| Maximum amount you can load in total in a 12-month period | £30,000 |
| Maximum number of active accounts you may hold at any one time | 1 |
| Card life | see Card for expiry date |
Lyk™ is issued by R. Raphael & Sons plc, pursuant to license by Mastercard International Inc. Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated. R. Raphael & Sons plc is a UK bank authorised by the UK Prudential Regulation Authority and regulated by the UK Financial Conduct Authority and the UK Prudential Regulation Authority (registration number 161302) and is permitted to issue e-money. Head office and registered office at 19-21 Shaftesbury Ave, London, W1D 7ED, company registration number 1288938. R. Raphael & Sons plc is not licensed by the Guernsey Financial Services Commission to take deposits. Deposits made with R. Raphael & Sons plc are not covered by the Guernsey Banking Deposit Compensation Scheme.
Apple and the Apple logo are trademarks of Apple Inc., registered in the U.S. and other countries. App Store is a service mark of Apple Inc. registered in the U.S. and other countries. Google Play and the Google Play logo are trademarks of Google LLC.
Thomas Cook Money Limited is a company incorporated in England and Wales with registered number 10344118 whose registered office is at 3rd floor, South Building, 200 Aldersgate, London, EC1A 4HD.