Mymo does not charge any fees to download the Mymo app, connect and manage income sources, enroll in Mymo Direct, or open and maintain a Mymo Spending Account.
Mymo Direct users also receive a number of fee-free banking services including free ATM access at MoneyPass network ATMs, no monthly maintenance fee, no fee to transfer money in and out of your account, no balance minimums, and more.
There are banking activities that we enable for Direct users where Mymo incurs a hard cost to provide the fee. In some cases we share that cost with the user. The table below details the specific fees our Direct customers are charged for performing those activities.
|
Fee Name |
Fee Amount |
Description |
|
ATM Cash Withdrawal Fee - Domestic - OUT OF NETWORK |
$2.50 |
For each withdrawal conducted at an ATM in the U.S outside of those within the MoneyPass Network. |
|
Additional Statement Mailing Fee |
$4.95 |
Statements are available for free in the application and the customer is only charged for the act of mailing a physical copy to a customer. |
|
Card Delivery Fee (3 business days) |
$25.00 |
Service only available via live Customer Support |
|
Card Delivery Fee (1-2 business days) |
$30.00 |
Service only available via live Customer Support |
|
Account Closure Fee |
$15.00 |
Charged for the act of mailing a physical check to the customer at the time of account closure. Spend down is available for free if a customer does not wish to incur this fee or has less than $1 more than the fee. We may not issue a refund check for any unused balance amount less than $1.00 |
|
FX Fee |
3% of the transaction |
3.0% Fee assessed on all purchase transactions and cash withdrawals conducted outside of the U.S. or in a currency other than U.S. dollars; and is based on U.S. dollar amount of the transaction. Fee may be assessed for transactions conducted in U.S. territories. |