Individual Account

Fiat24 is your all-in-one solution for seamless daily payments and spending.

Eligibility

Individuals

• live in the eligible countries
• have a biometric identity (Passport or ID)

• without the nationality in Iran, North Korea or Russia

• not a US Person

• more than 18 years old

• not sanctioned by OFAC or EU

• not a political exposed person (PEP)

• has no account with Fiat24 before

One Account Policy

We don't accept duplicated registration. This applies even if the previous account has been closed, so you cannot open a new account even if you have closed the previous one.

Monthly Limit

Each individual account has a monthly transaction limit. If a user exceeds this limit within 30 days, they will not be able to perform any further transactions until the limit is reset.

The transaction limit varies depending on the length of the NFT.

5 - 8 digits NFT	4 digits NFT	3 digits NFT	1 - 2 digits NFT
100,000 USD *	1,000,000 USD	10,000,000 USD	Upon Request

Due to our internal policy, some emerging countries have a limit of 1,000 CHF every 30 days.

Registration Steps

Individual clients can open account fully online.

1

Mint a NFT as your account number

https://app.fiat24.com

Open your favourite wallet and visit the URL above, following the instruction to mint a favourite NFT number.

2

Get your GPS location

In order to fulfil the legal requirements of the Swiss Banking regulator FINMA, your GPS location needs to be captured during the account opening process.

3

Risk Questions

As a licensed financial institution, we accept our clients in very prudential way. If we believe your domicile, risk profile, or background doesn’t match our business focus, we may not accept the business relationship with you.

4

Verify your biometric passport

You must have a Biometric ID or Passport (aka ePassport).

If you register in China Mainland, you could register with Chinese National ID

5

Done

After successful registration, you will receive an email, and can use our services up to a limit of 100'000 USD / 30 days on a rolling basis.

Upgrade Account

Users must upgrade their accounts in person, inside Fiat24 dApp.

1

Access your Profile

Go to https://id.fiat24.com module and connect your wallet, select Upgrade menu.

2

Choose a Premium NFT

Purchase your favourite NFT number with Ether or F24 token. Refer to Pricing page.

3

Done

Account will be upgraded within 1 business day.

Close Account

Users must close their accounts in person, inside Fiat24 dApp.

1

Clean your balances

Before you close your account, all balances need to be zero.

2

Access your Profile

Go to https://id.fiat24.com module and connect your wallet, select Profile menu.

3

Close your account

Click the button Close Account, after confirming with your digital signature, your account will be closed.

Once the account is closed, you will NOT be able to open any other Fiat24 account in the future.

User Terms and Conditions are available here.

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FAQ

Can I have a Bank Statement?

No, Fiat24 does NOT offer (1) Account Statement or Monthly Statement, or (2) Tax document. If you have doubts about how to proceed with regard to your taxes, please contact a tax advisor.

My application has been rejected, why?

As a licensed financial institution, we accept our clients in very prudential way. If we believe your domicile, risk profile, or background doesn’t match our business focus, we may not accept the business relationship with you.

How long will it take to open an account?

Less than one business day. Please note that our working hours are aligned with Central European Time (CET).

Why is my GPS location collected during registration?

In order to fulfil the legal requirements of the Swiss Banking regulator FINMA, your GPS location needs to be captured during the account opening process.

Why is my tax information collected during registration?

In order to fulfil the legal and regulatory tax requirements, we collect your Taxpayer Identification Number (TIN), which is an identifying number used for tax reporting purposes.

Can I register twice and have two accounts?

No, each individual should have only one account in Fiat24. If you apply for a second time with a new NFT account number, your second registration will be rejected.

This applies even if the previous account has been closed, so you cannot open a new account even if you have closed the previous one.