Vivid Money Review

Company background

Vivid Money is a safeguarded e-money institution, founded in 2020, headquartered in Germany, operating under Vivid Money B.V.. Vivid bundles spending cashback, savings interest and commission-light investing into one account, which makes it a strong second card for EU spenders chasing rewards. We rate it best for cashback and investing. At its core it is a 40-currency account you run entirely from your phone, bundling multi-currency balances, in-app savings, budgeting tools, stock investing and crypto into one app.

Fees and pricing

On day-to-day costs, Vivid Money charges no monthly account fee, and applies a 0% markup on foreign-currency spending.

• Monthly fee: no monthly account fee.
• FX markup: 0% on spending outside your currency.
• ATM withdrawals: free up to 200 EUR a month, then 3%.
• Savings: up to 3.5% AER on in-app balances.
• Welcome offer: cashback boost on your first month of spending.

For everyday domestic use the running cost is effectively nil, so the figure that matters most is how often you spend or withdraw in another currency.

Regulation and safety

Vivid Money operates as a safeguarded e-money institution, regulated by BaFin (via Solaris). Eligible deposits are protected up to 100,000 EUR under DGS up to 100,000 EUR via Solarisbank. That guarantee is backed by a national compensation scheme, so your covered balance is returned even if the provider fails.

Platform experience

Vivid Money is available across iOS, Android and Web. The mobile apps score 4.5/5 on the App Store and 4/5 on Google Play. Payments run on a Visa physical and virtual card, and it works with Apple Pay and Google Pay.

Pros and cons

On the plus side, cashback on everyday spending plus in-app investing, multi-currency pockets with interest and backed by a licensed partner bank with EU deposit cover. The main trade-offs are e-money model relying on its partner bank for protection and best perks sit behind the paid Prime plan. On balance it is a comfortable pick best for cashback and investing, provided its limitations line up with how you actually bank.