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Black Cat Card Reviews
We've got the inside scoop on the Black Cat Card. Check out what real customers have to say about its features and benefits.
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A Convenient Option for EU Residents, but with Some Caveats
summarizeEditor's Summary
While this financial service is convenient for EU residents, it's essential to be aware of the limitations and fees associated with it. The app is user-friendly, but the lack of cryptocurrency support and limited features might be a drawback for some users.
My Experience with This Financial Service
I recently needed a local account for my salary, so I headed to the bank, expecting it to be a straightforward process. Boy, was I wrong! They required me to have a permanent address and a contract for at least a year. I had to get a temporary rental agreement to get approved, and even then, it took some time to verify my address. But once I got my first utility bill, I was able to prove my residency and get access to my virtual card and IBAN account.
The app is user-friendly, with Touch ID for added security, and you can set spending limits. However, I noticed that after making more than 5 SEPA transfers in a month, they start charging fees. And if you withdraw cash from local ATMs, they'll take 1% after 200 euros in a month. It's not a total deal-breaker, but it's something to keep in mind.
live_helpFeatured FAQ
Do I need a permanent address to open an account?
Yes, you'll need to have a permanent address to get approved.
Can I set spending limits on my account?
Yes, you can set spending limits using the app.
Are there any fees associated with this service?
Yes, there are fees for SEPA transfers and cash withdrawals from local ATMs.
Can I use this service for cryptocurrency transactions?
No, this service does not support cryptocurrency transactions.
How long does it take to verify my address?
It took some time to verify my address, but once I got my first utility bill, I was able to prove my residency.
check_circlePros
- •The app is user-friendly and easy to navigate.
- •You can set spending limits using the app.
- •The service is convenient for EU residents.
- •You get access to a virtual card and IBAN account.
- •The service is relatively fast, with quick verification and account setup.
cancelCons
- •There are limited features and functionalities.
- •The service does not support cryptocurrency transactions.
- •There are fees associated with SEPA transfers and cash withdrawals.
- •The verification process can be time-consuming.
- •The service has limited support for international transactions.
