Vivid Money
Global fintechNo DGS (EMI)Best for: CashbackBest for: InvestingBest for: Multi-currency
Pros & Cons
Pros
- High cashback on select merchants
- investing in stocks & crypto
- pockets
Cons
- Not a bank — no €100k deposit guarantee (funds safeguarded)
Rating breakdown
Foreigner onboarding67
USD handling60
Transfers50
Value & fees60
Licence & deposit protection
No DGS (EMI)No DGS — funds safeguarded (EMI); cash via partner bank may differ
This is an electronic money institution (EMI), not a bank. Funds are safeguarded, but NOT covered by the €100,000 deposit guarantee. Convenient, but legally it isn't a bank deposit.
- Licence
- EMI · BaFin (banking via Solarisbank partner)
- IBAN
- DE
- SEPA Instant
- Send & receive
- Verification of Payee (VoP)
- Rolling out
Editorial review
Vivid Money runs on an EMI licence: convenient, but your money is safeguarded rather than covered by the €100k deposit guarantee.
It is a global fintech licensed in DE supporting EUR, USD, GBP etc. FX model: Near mid-market on weekdays, weekend markup.
It tends to suit cashback, investing, multi-currency.
Fees & terms
- Exchange rate
- Near mid-market on weekdays, weekend markup
- Card cost
- Free / paid Prime tier
- Cashback
- Up to ~25% cashback on select merchants
- Currencies
- EUR, USD, GBP etc
- Cards
- Global Physical, Global Virtual
- Transfers
- SEPA in/out, SEPA Instant in/out
- Payments
- Apple Pay, Google Pay
- Licence
- EMI — BaFin (banking via Solarisbank partner)
- IBAN
- DE
- SEPA Instant
- Send & receive
- Verification of Payee (VoP)
- Rolling out
- FX model
- Near mid-market on weekdays, weekend markup
- Opening requirements
- No local address needed
- English support
- Yes
- Remote opening
- Yes
- Headquarters
- Germany
Also consider
FAQ
- Is my money protected?
- No. Vivid Money operates under an EMI licence — funds are safeguarded but NOT covered by a €100k Deposit Guarantee Scheme. It is not a bank in the deposit-protection sense.
- What IBAN and transfers?
- Vivid Money issues a DE IBAN. SEPA Instant: send + receive.
- Can I open remotely, in English?
- Opening is remote. English support is available. Requirements: No local address needed.
Data provenance & verification
Every fact is checked against an official source and stamped with a date. We re-check fees quarterly and document requirements twice a year. Fields not yet independently verified are labelled honestly.
Updated: Dataset compiled: