If your RedotPay balance is at least 100 USD (or equivalent), you can open any personal funding account (EUR, GBP, or USD) with no fee. If your balance is lower, a fee applies.
Account Opening Fee
EUR/GBP accounts
High-value users (balance ≥ 100 USD or equivalent): No opening fee.
Other users: 6 EUR or 6 GBP opening fee.
USD accounts
High-value users (balance ≥ 100 USD or equivalent): No opening fee.
Other users: 6 USD opening fee.
Annual Maintenance Fee
The annual maintenance fee works the same for EUR, GBP, and USD accounts. To avoid the fee, you need to complete at least 1,000 USD (or equivalent) in deposits within the first 11 months after opening your account.
In the 11th month, we’ll notify you by email, in-app message, or push notification if you haven’t met the deposit requirement.