Understanding the costs and restrictions associated with your card is crucial for managing finances effectively. This guide breaks down the fees, spending limits, and ATM withdrawal policies for cardholders.
Understanding Bybit Card Fees
Several types of fees may apply depending on your region and how you use your card. The primary fees include foreign exchange, crypto conversion, and ATM withdrawal charges.
Foreign Exchange Fee (FX Fee)
This fee applies when you make a purchase in a currency different from your card's base currency (e.g., your card is in EUR, but you buy something in USD). The fee is a percentage charged on top of the daily Mastercard exchange rate.
- EEA & CH: 0.5%
- Australia: 1%
- Argentina: 7%
- Brazil: 1.5%
- AIFC: 2%
Crypto Conversion Fee
A fee is applied when your transaction is automatically funded by converting cryptocurrency (e.g., USDT, BTC) from your Funding Account into fiat currency. This fee is charged on top of the platform's one-click sell exchange rate. Each region also has a minimum conversion amount.
ATM Withdrawal Fee
Withdrawing cash from an ATM incurs a fee, but most regions offer a monthly waived allowance. The standard fee after this allowance is 2% of the withdrawn amount.
- EEA & CH: First 100 EUR free per month, then 2%
- Australia: First 100 USD free per month, then 2%
- Argentina: First 95,000 ARS free per month, then 2%
- Brazil: First 550 BRL free per month, then 2%
- Asia Pacific: First 100 USD free per month, then 2%
Other Fees
Fortunately, many common fees are waived:
- Annual Fee: None
- Inactivity Fee: None
- Card Cancellation Fee: None
- Card Issuance/Replacement: Free for virtual cards. A small fee may apply for physical card replacement in some regions.
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Detailed Fee Case Studies
Let's look at practical examples to see how these fees are calculated in real-world scenarios.
Case Study: Calculating a Foreign Exchange Fee
A trader makes a purchase of 69.80 SGD with a card denominated in EUR. The Mastercard rate is 1 EUR = 1.41571000 SGD, and the FX fee is 0.5%.
- Transaction Amount in EUR: 69.80 SGD / 1.41571000 = 49.3 EUR
- Foreign Exchange Fee: 49.3 EUR × 0.5% = 0.2 EUR
- Total Deducted: 49.3 EUR + 0.2 EUR = 49.5 EUR
Note: The authorized amount may be slightly higher due to "FX padding" to account for exchange rate fluctuations before the transaction finalizes. Any excess is refunded.
Case Study: Calculating a Crypto Conversion Fee
A trader buys an item for 100 EUR but only holds USDT. The one-click sell rate is 1 USDT = 0.93167 EUR, and the conversion fee is 0.9%.
- USDT Needed for Transaction: 100 EUR / 0.93167 = 107.33 USDT
- Crypto Conversion Fee: 107.33 USDT × 0.9% = 0.97 USDT
- Total USDT Deducted: 107.33 USDT + 0.97 USDT = 108.3 USDT
Case Study: Calculating ATM Withdrawal Fees
A trader in the EEA has a 200 EUR balance. The first 100 EUR in ATM withdrawals each month are fee-free; after that, a 2% fee applies.
First Withdrawal (Day 1): 60 EUR
- Fee = 0 EUR (within free allowance)
- New Balance = 140 EUR
Second Withdrawal (Same Day): 110 EUR
- The first 40 EUR of this withdrawal are still within the remaining free allowance.
- The remaining 70 EUR incur a 2% fee: 70 EUR × 2% = 1.4 EUR
- Total Deducted for Second Withdrawal: 40 EUR + (70 EUR + 1.4 EUR fee) = 111.4 EUR
- Final Balance = 140 EUR - 111.4 EUR = 28.6 EUR
Spending Limits for Your Card
Spending limits vary significantly by region and are applied per period (transaction, daily, monthly, annually). Virtual and physical cards share a single spending limit.
| Period | EEA & CH | Australia | Argentina* | Brazil | AIFC | Asia Pacific |
|---|---|---|---|---|---|---|
| Per Transaction | 5,000 EUR | 13,500 USD | 1,000 USD | N/A | 1,000 USD | 10,000 USD |
| Daily | 5,000 EUR | 13,500 USD | 5,000 USD | 27,500 BRL | 5,000 USD | 10,000 USD |
| Monthly | 10,000 EUR | 27,000 USD | 10,000 USD | 137,500 BRL | 25,000 USD | 50,000 USD |
| Annual | 60,000 EUR | 270,000 USD | 50,000 USD | 550,000 BRL | 150,000 USD | 150,000 USD |
Note: Argentina limits are calculated based on the USD equivalent. Standard spending limits are not adjustable by the user.
ATM Withdrawal Limits
Physical cards have separate limits on the value and number of ATM withdrawals you can make within specific timeframes.
| Limit Type | Frequency | EEA & CH | Australia | Argentina | Brazil | Asia Pacific |
|---|---|---|---|---|---|---|
| Max Number | 24 hours | 10 | 5 | 10 | 10 | 10 |
| Max Value | 24 hours | 2,000 EUR | 600 USD | 180,000 ARS | 5,500 BRL | 5,000 USD |
| Max Value | Per month | 2,000 EUR | 1,800 USD | 1,800,000 ARS | 27,500 BRL | 15,000 USD |
Tiered Limits for EEA and Asia Pacific Users
Users in the EEA & CH and Asia Pacific regions may be eligible for higher spending and ATM withdrawal limits based on their account tier.
Tiered Spending Limits
| Period | EEA & CH - Tier 1 | Tier 2 | Tier 3 | Asia Pacific - Tier 1 | Tier 2 | Tier 3 |
|---|---|---|---|---|---|---|
| Daily | 5,000 EUR | 10,000 EUR | 15,000 EUR | 10,000 USD | 50,000 USD | 100,000 USD |
| Monthly | 10,000 EUR | 25,000 EUR | 50,000 EUR | 50,000 USD | 150,000 USD | 350,000 USD |
| Annual | 60,000 EUR | 125,000 EUR | 250,000 EUR | 150,000 USD | 500,000 USD | 900,000 USD |
Tiered ATM Withdrawal Limits (EEA & CH Only)
| Period | Tier 1 | Tier 2 | Tier 3 |
|---|---|---|---|
| Daily | 2,000 EUR | 2,000 EUR | 2,000 EUR |
| Monthly | 2,000 EUR | 5,000 EUR | 10,000 EUR |
| Annual | 10,000 EUR | 15,000 EUR | 25,000 EUR |
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Frequently Asked Questions
What is an FX padding?
FX padding is a small buffer amount temporarily held during a foreign transaction authorization. It accounts for potential fluctuations in the exchange rate between the time you make the purchase and the time it is finalized by the merchant. Any unused portion of this hold is promptly released back to your available balance.
How can I increase my card's spending limit?
Tiered limit increases are available for eligible users in the EEA and Asia Pacific regions. You can submit a request through your card dashboard. The process can take up to 7 business days and requires approval. Non-VIP users can typically upgrade from Tier 1 to Tier 2, while VIP users can request an upgrade from Tier 2 to Tier 3.
Are there any fees for simply owning the card?
No, there are no annual fees, inactivity fees, or card cancellation fees. The only potential costs are from usage (FX, conversion, ATM fees) or for replacing a physical card.
Why was I charged a fee at an ATM even though I'm within my free allowance?
Some independent ATM operators charge their own separate "ATM access fee" for using their machine. This is a fee from the ATM provider, not from the card issuer, and it is not waived. Always check the on-screen disclaimer for any additional fees before completing a withdrawal.
Do virtual and physical cards have separate limits?
No, your virtual and physical cards are linked to the same funding account and share a single, combined spending limit. Transactions from either card will count toward your daily, monthly, and annual limits.
How often are the exchange rates updated?
The Mastercard exchange rate is updated daily at 6:30 PM UTC. Other reference rates, like the ECB rate, may be updated on different schedules (e.g., weekdays at 3 PM UTC). It's best to check the official sources for the most current rates before conducting large transactions.
Please note that all fees and limits are subject to change by the issuer based on market conditions and regulatory requirements. Always refer to the latest official documentation for the most current information.