Lemon Cash review
Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026
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Our verdict
Lemon suits people in Argentina who want to move money around the region without a monthly charge. The wallet is digital only, carries 3 currencies and lands transfers in the same moment, so costs stay near the floor for anyone sending and receiving across nearby markets.
Key facts
- Best for
- Free, instant regional transfers from an Argentina based wallet.
- Monthly fee
- ARS 0↗
- Currencies
- 3↗
- Transfer fee
- Free instant transfers to more than 7 countries in the region↗
- Legal entity
- Bay Treasure Caramel S.A.↗
- Headquarters
- Argentina↗
- Founded
- 2019↗
- Support channels
- Email, Help-centre, Community↗
- Pricing model
- No monthly fee
- Features
- Digital-only
- Official website
- lemon.me
Money transfer
- Exchange rate markup
- 3%↗
- Delivery time
- Instant (same moment)↗
- Payout methods
- Bank, Wallet, Card↗
- Fee to send 1,000
- PEN 0↗
Facts checked September 26, 2026, 5 sources
Apps and profiles
Pros and cons
Pros
- Monthly fee of ARS 0, and free instant transfers across the region.
- Delivery time of Instant (same moment) on regional transfers, with a transfer fee of PEN 0.
- Payouts to a bank account, a wallet or a card, bank, wallet and card, cover the usual cash out routes.
- Backed by a named legal entity, Bay Treasure Caramel S.A., working since 2019.
Cons
- The exchange rate margin of 3% sits above the 0.95% median for multi-currency wallets, so conversion is where the cost lands.
- Support runs on email, help centre and community only, so help stays remote and self serve.
- Currency coverage is thin at 3 currencies, 227 of 379 on currency coverage here.
Who it suits
- People in Argentina who send and receive money across the region regularly and want it to cost nothing.
- Anyone who needs money to arrive in the same moment, Instant (same moment), rather than waiting on a bank cut-off.
- Readers who bank on a phone: the wallet is digital only, digital only, and pays out to a bank account, a wallet or a card, bank, wallet and card.
Who should look elsewhere
- PayPal Colombia, whose monthly fee is $0 too, for readers who want a wallet tied to a different home market.
- Skrill, which also lists a monthly fee of €0, for readers who want another fee free provider alongside Lemon.
Fees and FX
The monthly fee is ARS 0, and the transfer fee is PEN 0 on instant transfers across the region. PayPal Colombia lists a monthly fee of $0, with Skrill at €0. Lemon sits at the free end of the market, so the only cost to watch is the exchange rate.
Deposit protection
Lemon's provider is Bay Treasure Caramel S.A., headquartered in Argentina. It holds registrations with the Comisión Nacional de Valores: payment service provider, 162, and investment advisory agent, AAGI N°1098. Both sit with the same regulator, and the wallet is digital only, digital only.
How Lemon Cash compares
8.5 vs 8.7
8.5 vs 8.6
8.5 vs 8.0
8.5 vs 8.9Its monthly fee of £0 matches Lemon's ARS 0, a like for like cost comparison.
8.5 vs 9.1
8.5 vs 9.2
8.5 vs 8.7
8.5 vs 8.7
8.5 vs 8.7
8.5 vs 9.0A monthly fee of €0 keeps it in the same cost bracket as Lemon.
8.5 vs 8.7
8.5 vs 9.5
8.5 vs 9.4
8.5 vs 9.3
8.5 vs 9.2
8.5 vs 9.2
8.5 vs 9.2
8.5 vs 9.2
8.5 vs 9.2
8.5 vs 9.2
8.5 vs 9.1
8.5 vs 9.0
8.5 vs 9.0
8.5 vs 8.9
8.5 vs 8.9- 8.5 vs 8.9
8.5 vs 8.7
8.5 vs 8.5
8.5 vs 8.5
8.5 vs 8.5
8.5 vs 8.4
8.5 vs 8.3
8.5 vs 8.2
8.5 vs 8.1- 8.5 vs 8.1
8.5 vs 8.0
8.5 vs 8.0
8.5 vs 8.0
8.5 vs 9.1
Where Lemon Cash is available
- Available
- Argentina, Brazil, Chile, Colombia, Ecuador, El Salvador, Mexico, Peru, Uruguay
- Licence in Argentina
- Comisión Nacional de Valores (CNV) - Registro de PSAV (162), checked September 26, 2026
- Licence in Argentina
- Comisión Nacional de Valores (CNV) - Agente Asesor de Gestión de Inversiones (AAGI N°1098), checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What does Lemon charge to keep an account open?+
The monthly fee is ARS 0, and transfers are free and instant across the region. Nothing else is charged to hold the wallet, so the running cost of keeping it open stays at the floor of the market. The cost that does exist sits in the exchange rate.
How much does Lemon add to the exchange rate?+
The margin is 3%, above the 0.95% median for multi-currency wallets listed here. Anyone who changes currency often pays more than the typical rate on the site, so this is the number to weigh before sending across borders.
Who regulates Lemon?+
The provider is Bay Treasure Caramel S.A., and it appears in the Argentine regulator's books twice: a payment service provider registration, 162, and an investment advisory agent registration, AAGI N°1098. Both sit with the Comisión Nacional de Valores.
How do I get money out of Lemon?+
Payouts land on a bank account, another wallet or a card, bank, wallet and card. Delivery is Instant (same moment), so money sent inside the region arrives in the same moment rather than waiting on a clearing window. The payout routes cover most everyday needs.
Does Lemon work outside the app?+
Everything runs in the app, since the wallet is digital only, digital only. That suits readers who bank on a phone and leaves anyone who wants to handle money in person without a route through this provider. Support is remote too, on email, help centre and community.
Who is Lemon built for?+
It sits with everyday accounts aimed at people in Argentina who move money across the region. Instant delivery, Instant (same moment), and a no monthly fee setup fit regular transfers and quick top-ups rather than long term saving, and the wallet is digital only, digital only.
How many currencies can I hold?+
The wallet carries 3 currencies, which puts it 227 of 379 on currency coverage among the brands listed here. That is enough for regional transfers, and thin for readers who expect a long currency list.
How do I get help if something goes wrong?+
Support runs on email, help centre and community. The help centre and the community answer most questions in your own time, and email reaches the team directly, so help is fully remote for a digital only wallet, digital only.
Sources
- help.lemon.me/es/articles/15048333-como-compro-o-vendo-do... checked September 26, 2026
Backs: Support channels
- lemon.me checked September 26, 2026
Backs: Currencies, Features, Headquarters, Legal entity, Pricing model, Monthly fee, Transfer fee, Licences
- lemon.me/sobre_lemon checked September 26, 2026
Backs: Founded
- lemon.me checked September 26, 2026
Backs: Delivery time
- lemon.me/peru-terms/t%C3%A9rminos-y-condiciones-billetera... checked September 26, 2026
Backs: Exchange rate markup, Payout methods, Fee to send 1,000
Compiled from 5 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Licence type, Deposit protection, Currency conversion fee.