Your cookie choices

We use necessary cookies to make this site work. With your permission, analytics cookies help us understand usage and marketing cookies support advertising.

You can reject non-essential cookies and still use the site. Change your choices anytime in Cookie settings.

Cookie settingsCookie policy

MiFinity review

Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026

We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings. Partners with a live offer in your country come first, then every other brand by score.

Our verdict

MiFinity suits expats, travellers and freelancers who want a euro based eWallet with a monthly fee of €0 and local iban details. Its conversion fee of 2.99% to 3.99% sits above the everyday accounts median of 0.22%, so it is built for holding and spending rather than for cheap transfers.

Key facts

Best for
A fee free euro eWallet for expats and freelancers who hold and spend in several currencies.
Monthly fee
€0↗
Deposit protection
FSCS up to GBP 85,000↗
Currency conversion fee
2.99% to 3.99%↗
Currencies
18↗
Local account details
IBAN↗
Transfer fee
1% (max EUR10) to friends and family; free between own MiFinity eWallets; bank transfers per transfer calculator↗
Legal entity
Mifinity Malta Limited↗
Headquarters
Malta↗
Support channels
Email, Help-centre↗
Audience
Expats, Travelers, Freelancers
Pricing model
No monthly fee, Low FX fees
Official website
mifinity.com

Money transfer

Exchange rate markup
2.99% to 3.99%↗
Delivery time
Instant for eWallet to eWallet↗
Payout methods
Bank, Cash-pickup, Wallet↗
Fee to send 1,000
€10↗

Facts checked September 26, 2026, 4 sources

Apps and profiles

Get the app
App StoreGoogle Play
Elsewhere
WikidataLinkedInXfacebook.com

Pros and cons

Pros

  • Balances are covered by FSCS up to GBP 85,000.
  • Supervised in the UK by the Financial Conduct Authority and in Malta by the Malta Financial Services Authority.
  • Payments in go straight to local iban details, so receiving money behaves like a domestic account.

Cons

  • Support runs on email and help centre only, so help arrives in writing rather than by phone.
  • An exchange rate markup of 2.99% to 3.99% applies on top of the conversion charge, which compounds if you convert often.
  • The range of 18 currencies places the account at position 62 of 379 on that measure.
MiFinity

Ready to try MiFinity?

Scored 8.9 / 10 by VaultCue.

See alternatives

Who it suits

  • Expats and travellers who want local account details (iban) and several currencies in one wallet.
  • Freelancers billing across borders who keep a balance per market and move money between their own wallets.
  • Travellers sending money home, where eWallet transfers are Instant for eWallet to eWallet.

Who should look elsewhere

  • Plazo ES, if a higher protection ceiling matters: EU DGS up to EUR 100,000 against FSCS up to GBP 85,000 here.
  • Skrill, for the same reason: EU DGS up to EUR 100,000 covers more than FSCS up to GBP 85,000.
  • PayPal Colombia, if cost comparison is the priority: its monthly fee is $0 against €0, so conversion decides it.

The company behind it

The account is operated by Mifinity Malta Limited, headquartered in Malta. Its licences name the Financial Conduct Authority in the UK, reference 900090, and the Malta Financial Services Authority, reference C64824. Customer support runs on email and help centre, so help is written rather than spoken.

How MiFinity compares

Where MiFinity is available

Available
Everywhere except Afghanistan, Belarus, Democratic Republic of the Congo, Côte d'Ivoire, Cuba, Iraq, Iran, North Korea, Liberia, Libya, Myanmar, Nicaragua, Russia, Sudan, South Sudan, Syria, Ukraine, United States Minor Outlying Islands, United States, Venezuela, Virgin Islands, U.S., Yemen, Zimbabwe
Licence in United Kingdom
Financial Conduct Authority (FCA) (900090), checked September 26, 2026
Licence in Malta
Malta Financial Services Authority (MFSA) (C64824), checked September 26, 2026

Frequently asked questions

How much does a MiFinity account cost to keep?+

The personal account carries a monthly fee of €0, and its pricing model is listed as no monthly fee and low fx. Nothing is charged for holding the balance, so the cost shows up when you convert or send rather than each month.

What does it cost to convert currency?+

Converting costs 2.99% to 3.99%, and an exchange rate markup of 2.99% to 3.99% is added on top. Set against the site median of 0.5%, conversion is the expensive part of running this account, so it rewards people who hold and spend more than they switch.

Is my money protected if the provider fails?+

Money held with MiFinity is covered by FSCS up to GBP 85,000. That ceiling is lower than the EU DGS up to EUR 100,000 offered by Plazo ES and the EU DGS up to EUR 100,000 offered by Skrill, which points the account at everyday balances rather than large cash reserves.

Who regulates the account?+

The licences list the Financial Conduct Authority in the UK under reference 900090 and the Malta Financial Services Authority under C64824. Supervision sits with a UK regulator and a Maltese one, and the balance held is covered by the UK scheme.

Can I get local account details to receive payments?+

Local details are issued as iban, so a client or family member can pay into the account the way they would a domestic account. The account covers 18 currencies, above the everyday accounts median of 9.

What does a transfer cost and how fast is it?+

Sending to friends and family is charged as a percentage fee capped at €10, and moving money between your own MiFinity wallets is free. Bank transfers are priced through a transfer calculator, while eWallet to eWallet payments are Instant for eWallet to eWallet.

How do I get money out?+

Payouts are made to bank, cash pickup and wallet, so money can be withdrawn to a bank account, sent to a wallet or collected as cash. Bank payouts are priced through a transfer calculator, and moving money between your own MiFinity wallets costs nothing, which is the cheapest route.

Who is the account built for?+

The stated audience is expats, travelers and freelancer, so the account is built for people who cross markets rather than stay in a single domestic market. A monthly fee of €0 keeps a multi wallet setup inexpensive, and transfers between your own wallets are free.

Sources

  • mifinity.com checked September 26, 2026

    Backs: Audience, Currencies

    “Send money worldwide to friends and family / Send and receive money instantly between your MiFinity eWallet and other MiFinity users in 18 currencies ... send money to your recipient's bank account...”

  • mifinity.com/fees checked September 26, 2026

    Backs: Deposit protection, Currency conversion fee, Exchange rate markup, Headquarters, Legal entity, Local account details, Pricing model, Monthly fee, Payout methods, Transfer fee, Licences

    “MiFinity applies a foreign exchange (FX) markup to the wholesale exchange rate. This is typically up to 2.99%, and up to 3.99% for certain currency pairs classified as exotic currencies”

  • mifinity.com/personal/contact checked September 26, 2026

    Backs: Support channels

    “As always, we have a handy customer service team on hand to assist at all times. You can email [email protected] and we'll get back to you as soon as possible.”

  • mifinity.com/send-money checked September 26, 2026

    Backs: Delivery time, Fee to send 1,000

    “If your recipient has a MiFinity eWallet, you can send money in seconds using their eWallet Number. Funds will be instantly available for the recipient to withdraw”

Compiled from 4 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Licence type.

MiFinity

MiFinity

A fee free euro eWallet for expats and freelancers who hold and spend in several currencies.

8.9/10See alternatives