Fee Schedule and Terms Explained

KuCard Fee Schedule

Fee Type	Unit	Fee/Rate
Apply for a physical card	per card	VIP 0  9.99 EUR for the 1st one  19.99 EUR for the 2nd one  VIP 1 or above  9.99 EUR for the 1st one  19.99 EUR for the 2nd one  19.99 EUR for the 3rd one
Apply for a virtual card	per card	VIP 0  FREE for the 1st one  9.99 EUR for the 2nd one  VIP 1 or above  FREE for the 1st one  9.99 EUR for the 2nd one  9.99 EUR for the 3rd one
Apply for a supplementary card	currently unavailable	-
Request a new card	per card	9.99 EUR
Cancel a card	per card	free
Transactions in EUR	per transaction	free
Transactions in other fiat currencies	per transaction	A 2% fee will be applied to the total transaction
ATM Withdrawal (Within Europe)	per withdrawal	2.00 EUR
ATM Withdrawal (International)	per withdrawal	2.00 EUR
Declined Payment (Insufficient Funds)	per transaction	free
Overdraft Transactions	currently unavailable	-
Express card delivery service	per card	30.00 EUR
Annual fee	per card	10.00 EUR
Inactivity Fee	per card	3 EUR

Terms Explained

Apply for a physical card	A physical debit card will be mailed to your address
Apply for a supplementary card	A supplementary KuCard, for use by an authorized subsidiary.
Replace a card	A replacement KuCard will be provided upon request if your KuCard is lost, damaged, or otherwise requires replacement
Cancel a card	If you choose to cancel your KuCard within the first 14 days after application, a cancellation fee will be applied
Transactions within Europe	Payments are made in EUR and are applicable to in-store, online, or contactless transactions within Europe
Transactions outside Europe	Payments are made in non-EUR and are applicable to in-store, online, or contactless transactions within Europe
ATM Withdrawal (Within Europe)	Withdrawing EUR from your account at ATMs located within Europe.
ATM withdrawal (International)	Withdrawing cash in currencies other than EUR at ATMs located outside Europe
Declined payment (Insufficient Funds)	Transaction failed or payment declined due to insufficient funds in your account
Overdraft transactions	Payments can be made beyond your current balance, up to a specified overdraft limit
Express card delivery	Upgrade your physical card delivery from standard to express by utilizing premium courier services such as DHL Express or DPD Express
Annual fee	A yearly fee is charged for account maintenance and services related to the card
Inactivity Fee	Starting from October 1st, 2024 (UTC), each virtual and physical KuCard will be subject to an inactivity fee if no transactions are made within 90 calendar days following the card activation date

Notes:

1. Annual fee will be waived if annual transactions exceed the equivalent of 500 EUR in cryptocurrency.

2. A Foreign Exchange (FX) fee applies when transacting in a currency different from the KuCard’s designated currency. For example, using a Euro-denominated KuCard for transactions in US dollars will incur this fee

3. Be aware that certain ATMs may charge additional fees for access or for converting currencies to your card’s denomination. Always read the ATM’s instructions carefully, as these fees are determined by the ATM provider.

Examples

Scenario 1

Customer A uses KuCard for a 100 USD purchase with a Euro-denominated card. Assuming a VISA exchange rate of 1 EUR to 1.095275 USD, the transaction converts as follows:

Transaction Amount: 100 USD ÷ 1.095275 = 91.31 EUR

Foreign Exchange Fee: 91.31 EUR × 2% = approx.1.826 EUR

Total Transaction Amount: 91.31 EUR + 1.826 EUR = approx. 93.136 EUR

Customer A’s account will be debited 93.136 EUR or its crypto equivalent. The authorized amount may be slightly higher, but only the exact transaction cost will be deducted, with any surplus returned to the Funding account.

Scenario 2

Customer B makes a 100 EUR transaction but only holds USDT in their Funding Account. With KuCoin’s sell rate of 1 USDT to 0.93167 EUR, the required crypto is:

Transaction Amount: 100 EUR ÷ 0.93167 = 107.33 USDT

Total Transaction Amount: 107.33 USDT

Thus, 107.33 USDT will be debited from Customer B's Funding account.