Costs, licensing, consumer protection Privacy, self-custody, censorship resistance

BlackCatCard BlackCatCard Free

A plan byBlackCatCard

3.8/5 2.4/5 · Data verified on

A free custodial account with a Maltese IBAN, 2.2% APY on balance and cashback of 2% on Amazon and 5% on Google Play. Funds are not covered by deposit insurance but only by safeguarding, alongside reports of spam marketing and crypto access available only via third parties.

BlackCatCard Free

Price
Free
Issuance fee
Free
FX markup
3%
Cashback
0.5%
Cashback currency
EUR
Cashback cap
€100
Required staking
Nessuno
ATM fee
1%
ATM limit
€200/mese gratis in UE, poi 1%
Net annual cost
Free

What's included

  • EU IBAN
  • Visa/Mastercard
  • Crypto exchange integrato
Free
Account fee
Deposit guarantee
1%
ATM withdrawal
Network
46
Transparency: Low
46/100 · see methodology
46
Data exposure: Low
46/100 · lower is better for sovereignty · methodology

Data & conditions

Account fee Free
IBAN dedicato · MT
Multi-currency No (single currency)
Outbound transfers to third-party IBANs Yes
Utility direct billing No
SEPA direct debit (SDD) No
SEPA transfer Free
Interest on balance 4%
ATM withdrawal 1%
Free ATM limit €200/mese gratis in UE, poi 1%
Fund custody Custodial (platform holds funds)
KYC Light
Supported countries EEA, UK · 40+ countries
Regulator MFSA
OAM Italy registration No
Segment B2C
MiCA / License status EMI Malta MFSA

Strengths

  • Account free with IBAN maltese; 2,2% APY balance; cashback Amazon 2% and Google Play 5%.
  • Light KYC: minimal identity verification.

Weaknesses

  • No deposit insurance (only safeguarding); segnalazioni spam; crypto via third parties.
  • Custodial: the platform holds your funds and can freeze or lose them.
  • Subject to regulation (Malta MFSA): reporting to authorities and freezes on order.

Verdict

B C ★ 3.8/5 ★ 2.4/5

A free custodial account with a Maltese IBAN, 2.2% APY on balance and cashback of 2% on Amazon and 5% on Google Play. Funds are not covered by deposit insurance but only by safeguarding, alongside reports of spam marketing and crypto access available only via third parties.

Privacy & anonymity 30% 2.8
Fund control 20% 0.0
Censorship resistance 20% 3.0
Costs 10% 5.0

Promp's editorial rating based on real fees and net annual cost. Promp reviews third-party products independently.

"Sovereignty" rating: score computed on privacy/anonymity (30%), fund control (20%), censorship resistance (20%), trustless/auditability (20%) and costs (10%). Same data, different weights.

FAQ

Is BlackCatCard a real bank?

BlackCatCard operates under a EMI licence (MT). It is regulated by MFSA. Fund protection: Safeguarding — nessuna garanzia depositi.

Can I send transfers to third-party IBANs with BlackCatCard?

The ability to send transfers to third-party IBANs is not documented; check the official website.

Does BlackCatCard support direct debits and utility billing?

SEPA direct debit (SDD): not documented. Utility-bill domiciliation: not documented.

Which fiat currencies does BlackCatCard support?

The number of supported fiat currencies is not documented. Multi-currency accounts: not documented.

Can I withdraw crypto on-chain from BlackCatCard?

On-chain crypto withdrawal is not documented; check the official website.

Sources

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Update history

✓ Terms unchanged since Jun 1, 2026

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