Fi Money review
Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026
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Our verdict
Fi Money suits anyone who wants a euro account with a debit card and an easy-access savings balance. It is Belgian licensed, scores 7.2 overall, puts the savings side under EU DGS up to EUR 100,000 and answers on phone and email.
Key facts
Pros and cons
Pros
- It ranks 1 of 422 on monthly fee, so keeping the account open costs almost nothing to run.
- Deposits sit under EU DGS up to EUR 100,000, the EU scheme a saver in Europe would expect.
- A debit card on the visa network, with travel the single feature listed.
Cons
- New savings accounts cannot be opened through the Fi app, so access runs through the Federal Bank FedMobile app instead.
- Support runs on phone and email only, with no live chat listed for quick questions.
- Losses on retail transactions run at 70.15% across the site, so the card needs the same everyday fraud care as any debit card.
Who it suits
- Readers in Europe who want a euro balance and easy-access savings in a single product.
- Travellers who pay in other currencies and would rather not fund a conversion charge.
- Existing holders happy to manage the account in the Federal Bank FedMobile app.
Who should look elsewhere
- Wise, if the monthly fee matters quoted in sterling, since Wise lists £0 where Fi lists INR 0.
- bunq, if you prefer to weigh a euro plan, since bunq's free plan lists €0.
- Varo Believe Secured Credit Card, if the goal is a secured credit card, since it lists $0.
How Fi Money compares
9.2 vs 9.4
9.2 vs 9.0
9.2 vs 8.9
9.2 vs 9.4
9.2 vs 8.7
9.2 vs 9.2
9.2 vs 9.4
9.2 vs 8.7
9.2 vs 9.3
9.2 vs 8.9
9.2 vs 8.6
9.2 vs 9.2
9.2 vs 8.4
9.2 vs 8.5
9.2 vs 8.8
9.2 vs 9.0
9.2 vs 8.6
9.2 vs 8.3
9.2 vs 9.5
9.2 vs 9.4
9.2 vs 9.4
9.2 vs 9.3
9.2 vs 9.3
9.2 vs 9.3
9.2 vs 9.3
9.2 vs 9.2
9.2 vs 9.2
9.2 vs 9.2
9.2 vs 9.1
9.2 vs 9.1
9.2 vs 9.1
9.2 vs 9.1
9.2 vs 9.0
9.2 vs 9.0
9.2 vs 9.0
9.2 vs 8.9
9.2 vs 8.8
9.2 vs 8.7
9.2 vs 8.5
9.2 vs 8.4
9.2 vs 8.0- 9.2 vs 8.0
Where Fi Money is available
- Available
- Belgium, India
- Licence in Belgium
- BE_NBB (PSD_PI BE_NBB!0475445104), checked September 26, 2026, also valid in Belgium
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What does it cost to run the account?+
The monthly fee is INR 0 and the currency conversion fee is 0%, so there is no charge for spending abroad. Across the products listed on the site, the median currency conversion fee is 1%, which is where Fi sits well below the midpoint.
Is my money protected?+
Yes. Fi Money carries a Belgian licence and the savings balance sits under EU DGS up to EUR 100,000. The entity behind the account is Money International, and the operation is registered in Belgium.
What kind of card do I get?+
It is a debit card on the visa network, so it draws straight on the account balance. The single feature listed is travel, which matters most for readers who pay in other currencies.
How do I open and manage the account?+
Existing holders log in to the Federal Bank FedMobile app, and new savings accounts cannot be opened through the Fi app. The savings balance is easy access, so money comes out without a notice period once the account exists.
How do I get help?+
Support runs on phone and email, so questions go by phone or by email rather than live chat. Callers can reach a person directly, which suits anyone whose banking question is time sensitive.
How does Fi Money compare on cost?+
It ranks 1 of 422 on monthly fee and 1 of 258 on currency conversion fee, with an overall score of 7.2 and a cost score of 7.2. Both places sit at the front of the field.
Who is the account for?+
It suits readers who want a euro account, an easy-access savings balance and a debit card in one place. Support on phone and email and EU DGS up to EUR 100,000 cover the service and safety side for anyone moving away from a high street bank.
Sources
- euclid.eba.europa.eu/register/downloads/PSDMD/20260926/do... checked September 26, 2026
Backs: Headquarters, Legal entity, Licences, Deposit protection
“EntityCode=BE_NBB!0475445104; EntityType=PSD_PI; ENT_NAM=Money International”
- fi.money checked September 26, 2026
Backs: Support channels
“contact@federalbank.co.in, 1800-420-1199/1800-425-1199”
- fi.money/credit-cards/magnifi checked September 26, 2026
Backs: Rewards rate, Rewards type
“5 Fi-Coins (1X rewards) for every 100, 20 Fi-Coins (4X rewards) on select brands like Uber, UrbanCompany, Flipkart, MakeMyTrip on weekends”
- fi.money/open-savings-account-online checked September 26, 2026
Backs: Access terms, Account kind, Card type, Features, Currency conversion fee, Monthly fee, Card network
“New savings accounts cannot be opened through the Fi app. To use existing accounts, log in to the FedMobile app now.”
Compiled from 4 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Free ATM withdrawals, Protection.
Fi Money
A single euro account for everyday spending with savings you can reach at any time.