Qapital review
Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026
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Our verdict
Qapital suits US readers who want saving and spending in one place and rarely convert currency: a conversion fee of 0%, plus a monthly fee of $3 on the on-demand account. The trade-off is the return, since 0.05% at a variable rate is thin, so it fits everyday money.
Key facts
- Best for
- A single US account for everyday money that rarely changes currency.
- Monthly fee
- $3↗
- Deposit protection
- FDIC up to USD 250,000↗
- Currency conversion fee
- 0%↗
- Local account details
- Us-ACH↗
- Free ATM withdrawals
- $0↗
- Transfer fee
- Free instant transfers between Save and Spend accounts; express transfers from Funding Source for an additional fee↗
- Legal entity
- Qapital, LLC↗
- Headquarters
- United States↗
- Founded
- 2013↗
- Support channels
- Email, Help-centre, Chat↗
- Features
- Free ATM withdrawals
- Official website
- qapital.com
Savings
- Headline rate
- 0.05%↗
- Rate type
- Variable↗
- Access terms
- On-demand access; Save and Spend accounts provided by Lincoln Savings Bank as demand deposit accounts↗
- Account kind
- Easy access↗
Facts checked September 26, 2026, 6 sources
Apps and profiles
- Get the app
- App StoreGoogle Play
Pros and cons
Pros
- Free conversion on spending abroad: 0%, ranking 1 of 312 on that measure.
- Deposits are held by Lincoln Savings Bank as demand deposit accounts, with FDIC up to USD 250,000.
- Instant transfers between the Save and Spend accounts are free, so moving money inside Qapital costs nothing.
Cons
- A monthly fee of $3 on the on-demand account, well above the everyday account median of €0.
- Interest of 0.05% at a variable rate against a savings median of 3%, so idle balances earn little.
- Support runs on email, help centre and chat only, and phone support is not among them.
Who it suits
- US readers who want saving and spending in one place and hold mostly dollars
- Readers who travel or buy in other currencies, since conversion is free
- Anyone who wants the balance held as a bank deposit account
Who should look elsewhere
- Anyone put off by a monthly charge: AXI Card Tarjeta y Credito charges €0 a month, and XTB and Skrill sit at €0 and €0.
- Readers outside the US, since local payment details are US ACH and the setup serves a single market.
Safety of your money
Safety starts with who holds the deposits. Qapital, LLC appears in the SEC register under 283762, and the deposits carry FDIC up to USD 250,000. That means the money sits inside an insured US deposit account rather than a pooled balance, so a problem at the service level does not on its own strip the account of its cover. Check the register entry and the insurance limit before you fund it.
Rates and terms
On the savings side, Qapital pays 0.05% at a variable rate. Because the rate is variable, the figure moves with the base rate instead of holding still for a term, so read the current number each time you weigh it against another account. It suits readers who want cash reachable and earning a little, not readers with a target return.
How Qapital compares
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8.8 vs 9.0Also free of a monthly charge at €0, which suits readers who simply want a spending balance.
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Where Qapital is available
- Available
- United States
- Licence in United States
- SEC (283762), checked September 26, 2026
- Licence in United States
- FDIC, checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What does it cost to keep a Qapital account?+
The monthly fee is $3 on the on-demand account, which covers the Save and Spend setup. Currency conversion is 0% and the free ATM allowance is $0. Transfers between the Save and Spend accounts are instant and free, while express transfers from the funding source carry an extra charge.
Where does Qapital keep the money, and is it protected?+
The Save and Spend accounts are provided by Lincoln Savings Bank as demand deposit accounts, so the balance sits with a US bank. Deposits carry FDIC up to USD 250,000, and the provider is listed in the SEC register under 283762.
What interest does the balance earn?+
Qapital pays 0.05% at a variable rate. Because the rate is variable it follows the base rate up and down, so it is better read as cash that earns a little rather than a planned return. The savings median across the site is 3%, which frames how little this pays by comparison.
Which currencies can I use?+
Local payment details are US ACH, so the account is built for a single market and dollar balances. Spending or paying in another currency costs 0%, and that free conversion charge is why the account holds up for readers who travel or buy from sellers abroad.
How do I move money in and out?+
Instant transfers between the Save and Spend accounts are free. Express transfers from the funding source cost extra, which matters if you top up often. The account is easy access, so there is no term to serve before the money is reachable again.
How do I reach support?+
Support runs on email, help centre and chat, covering email, a help centre and chat. Phone support is not among the listed channels, so urgent problems mean waiting on a written reply rather than getting someone on the line.
Is Qapital a bank?+
Qapital, LLC runs the service while Lincoln Savings Bank provides the Save and Spend accounts as demand deposit accounts. The provider is registered with the SEC under 283762, and the deposits sit inside FDIC up to USD 250,000.
Sources
- adviserinfo.sec.gov/firm/summary/283762 checked September 26, 2026
Backs: Deposit protection, Licences
- help.qapital.com/en/articles/10245152-is-there-interest-o... checked September 26, 2026
Backs: Headline rate
“If you have a Qapital Spend Account, you will earn 0.05% APY interest (compounded monthly) on the funds you have in your Spend Account.”
- qapital.com/about-us checked September 26, 2026
Backs: Founded, Headquarters
“2013 Founded”
- qapital.com/pricing checked September 26, 2026
Backs: Access terms, Account kind, Monthly fee, Rate type
“Qapital Save and Spend accounts are provided by LSB ... the funds in your Save and Spend accounts will be held separately in your name by LSB in one or more demand deposit accounts”
- qapital.com/qapital-visa-debit-card checked September 26, 2026
Backs: Free ATM withdrawals, Features, Currency conversion fee, Transfer fee
“Qapital won't charge you a dime for ATM withdrawals”
- qapital.com/terms checked September 26, 2026
Backs: Legal entity, Local account details, Support channels
“entered into by and between (i) the individual person who creates, on any Qapital mobile application ... and (ii) Qapital, LLC, a Delaware limited liability company and Qapital Invest, LLC, a...”
Compiled from 6 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Licence type, Currencies.