There will be a one-time fee covering our shipment and production costs for the physical cards. Virtual cards will be free.
There will be no extra fees on weekends. The 0.15% FX charged will be the only one (we always use the true inter-bank rate).
“There will be a one-time fee … for the physical cards.”
Err… so what is the fee ?
(please - thanks)
It should be mentioned that this does depend on the currency pair and varies over time, too.
In extreme cases like BGN/EUR, where BGN is officially pegged to the euro, Mastercard has literally zero markup as far as the numeric precision allows, using the official pegged rate for conversions in both directions. Which may, I should add, be either higher or lower than the prevalent market rate at any time.
Even in the examples you gave, GBP/EUR is actually below 0.26% lost for a round-trip conversion using Mastercard’s latest published rates, slightly cheaper than the upcoming T212 card assuming the mid-rates match. The other examples are correct, of course. Edit: but going just one day back, GBP/EUR loses about 0.43% on a round-trip, so there’s quite a bit of variance there!
TL;DR: always check all your options before going on a trip
Any updates on how long cashback will be offered?
Most people mentioned Chase is at 1% with its limits. Quite a few people are close to their 2 yr mark.
Assuming Chase is not extending further for how long can we expect T212 to offer cashback?
If it is a small period of time 6-12 months you should expect people to sign up strategically.
Chase doesn’t have a 2 year limit
Another FX card … just got an HSBC Zing … 0.6% markup LOL … but this seems very appealing … interests on foreign currencies … that is new as far as I know …
Users from Bahrain 
will also have access to this card anytime soon 
?
Why just stop to UK & Europe. Why not make it available to every T212 user ?
Currently, we do not have plans to stop it.
Users outside the UK & EU won’t be able to get the card. If that changes, we’ll update you.
It is yet to be confirmed, based on the delivery costs we will have when launching.
Will this be under a new registered scheme with the FCA?
We are a member of the FSCS protection scheme. Whenever it holds money for you (including uninvested money in your Invest account), it falls under the FSCS protection scheme.
The 212 Card is issued by Paynetics UK Limited under their Electronic Money License, authorised by the Financial Conduct Authority. The T212 card is linked to an e-money account provided by Paynetics.
Okay, cool. Thank you!
Just wanted to check as it would have been a shame for FCA to cease this service if they weren’t compliant!
With this card, deposits and withdrawals should be quicker but also, the ability to deposit and withdraw decimal amounts should be more important.
Will we be able to deposit and withdraw decimal amounts with this change? I.e. deposit £15.50 etc
We’ll evaluate that and will provide more details at a later stage.
Chase have just increased this to £1500 per month deposits to early 1% cashback up to £15
When in march are you planning to launch ? 01 march ?
As long as you’re on the waitlist, we’ll email you further details & instructions about the card.
Any ETA for the card waiting list and launch/send for EU customers? 
Not yet, but I’ll let you know once we get closer to offering the card to our EU customers.
Anyone else checking the waitlist page on the app daily now we’re in March? … 
I do. March to me is 1st of March or I would have worded it as Mid March / late March