Fees & Limits
With Lyk, happy holiday spending is about being clear, fair and free of excessive rates or charges.
Fees
Fees
| Fees | Cost | Explanation |
|---|---|---|
| Load/ Reload fee | Free for loads into foreign Currency wallet using GBP. 2% for loads into the GBP currency wallet. | Fee charged only when you load money into your GBP wallet. Like a commissions fee |
| Additional Card fee | Please check at the time of purchase online | Fee charged for getting an Additional Card |
| Wristband fee | Please check at the time of purchase online | Fee charged for getting a wristband |
| Replacement Card fee – plastic Card | Free | Free service to send you a new plastic Card whilst you are away if your plastic Card is lost, stolen or damaged |
| Replacement Card fee - wristband | GB£7.99 | Fee charged to send you a new wristband to your UK address if your wristband is lost, stolen or damaged. |
| Card use fee | Free | No fee charged to use your Card at Merchants (e.g. shops and restaurants). Some Merchants may charge their own fee |
| Foreign exchange fee | Free | No 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 | Free | No fee charged when transferring money between Currency wallets |
| Monthly inactivity fee | GB£2.00 per month | Fee charged after a 15-month period of you not using your Card for transactions or to load, including after the Agreement has ended. No balance, no fee |
| Shortfall fee | GB£10.00 | Fee 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$3.00, ZAR20.00, TRY5.40, CHF2.20, AED8.00 | 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£6.00 | Fee charged for cashing out your Card via Card Services. Your Card will remain active, unless you choose to close it |
| Cash out fee at the Purchase Location (in store) (except in an emergency) | GB£6.00 | Fee charged for cashing 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 online | GB£10 in Currency equivalent |
| Minimum amount you can load or reload by any other reload method | GB£50 in Currency equivalent |
| Maximum amount you can withdraw in 24 hours over the counter, i.e. at a bank | GB£150 or Currency equivalent |
| Maximum amount you can withdraw from ATMs in 24 hours | GB£500 or Currency equivalent |
| Maximum amount you can spend at Merchants in 24 hours | GB£3,000 or Currency equivalent |
| Maximum (re)load amount and maximum amount you can have on your Card at any one time | GB£5,000 or Currency equivalent |
| Maximum amount you can load in total in a 12-month period | GB£30,000 or Currency equivalent |
| 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.
*Waveband™ is the first wearable payment device in the UK prepaid travel card sector.
†The Lyk Prepaid Mastercard by Thomas Cook Money won the ‘Best Consumer Funded Payments Programme' Award in 2018 at the Emerging Payments Awards.
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.