Fees

May 8, 2023


The first 5000 applicants will not pay yearly or monthly fees for the first 2 years. Only fees according to their usage will be charged to their account.*

*Usage fees are necessary to cover the costs of banking and card service partners, who handle financial transactions. These fees are a financially sustainable way for SORA to provide its services while ensuring the privacy and security of users. It's important to remember that if a product is free, you are likely the product being sold. With SORA, you can trust that your personal information is not being used for profit. So, paying the usage fees is a small price to pay for the peace of mind that comes with using a secure and reliable platform like SORA Card.

IBAN/SEPA Transaction Fees
Action Amount Recurrence/Conditions
Account to account transfer fee (interledger) €0.22 per transaction
Incoming/outgoing transaction fee (SEPA, SEPA instant) 0.1% + €0.40 per transaction
BACS, CHAPS, ACH 0.1% + €1.10 per transaction
SWIFT 0.1% + €20 per transaction + % of value
IBAN/ledger load fee (card transfer) €0 per transaction
FX Conversion Fees
Action Amount Recurrence/Conditions
FX T1 0.7%, T2 1%, T3 2.2%, T4 per case of transaction volume, currency dependent
Card and Account Fees
Action Amount Recurrence/Conditions
Account/card top-up with 3rd party debit or credit card through ecommerce transaction 2.5% of transaction volume + interchange + card scheme costs
Account/card top-up with 3rd party debit or credit card through softPOS transaction—card present 1.5% of transaction volume + interchange + card scheme costs
Inactivity cost (negative interest rate on Euro IBANs) 0.06% monthly, included in account fee for balances under €1,500 only
POS/online purchases 10 complementary purchases per month;
€0.22 per purchase after that
Virtual card first card is paid by SORA community;
additional cards paid by user €2 per virtual card issued
Monthly card maintenance fee €0 / €0.99 if the card is not used at least 3x per month paid by SORA community for the first 5000 users
Membership fee €0 offered by the SORA community
3D secure fee €0.18 per attempt
ATM domestic €1.20 + 0.5% per transaction, additional costs may apply depending on the ATM provider
ATM EEA+UK €1.20 + 0.8% per transaction, additional costs may apply depending on the ATM provider
ATM international €1.20 + 3% per transaction, additional costs may apply depending on the ATM provider
ATM operations €0 plus costs if any (decline etc.)
Foreign currency purchases / ATM €0.65 + 0.2% plus FX costs if any
ATM balance inquiry €0.65 plus costs if any
Load fee (card, direct) 0% of load amount + bank transfer fees
Exchange fee XOR<>EUR 1.95% of load amount + bank transfer fees
Limits
Action Amount Recurrence/Conditions
Cash Withdrawl Limit EUR 5,000*
* Will be higher for upcoming higher tier card programs. ATM limits need to be observed.
per day
Spending Limit EUR 25,000*
* Will be higher for upcoming higher tier card programs.
per day
Daily Top-Up Limit EUR 30,000 per day
Monthly Top-Up Limit EUR 30,000 per month
Annual Top-Up Limit EUR 360,000 per year

Disclaimer: all fees are subject to change.

Refer to this article for further details on Fees and Limits.