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In this article we gonna explain about what Fi money app is? which is also know as a Fi digital bank. it’s reviews and all details like how to apply, how to use, debit card details, charges and fees, contact details etc.
Now a day you are seeing advertisement about Fi Money app on tv and internet as a digital banking services provider bank. which provides you all banking facilities.
So, let’s have a look on all details about Fi money app and its reviews. You must need to know all this details before applying and sing up for Fi digital banking services.
What is Fi money app?
Fi money app is a neobank which provides you a digital banking service. This app is created on collaboration with federal bank. which provides you a zero balance saving account and all the banking services.
Also provides visa debit card at zero charges and fee. Which offers you a zero forex markup fees and cash withdrawal facilities from any ATM of India.
What is Neo Bank?
Neo bank is a nick name of a Virtual banks, Online banks, Digital banks, internet bank etc. which is operated completely online without having any physical branches in area or places. These types of banks can provide banking facilities at very low charges or zero charges because they don’t have to spend lots of money behind their physical branches.
Fi money app Company profile and contact details.
| Founder and CEO | Sumit Gwalani, Sujith Narayanan |
| Origin | India |
| Banking Partner | Federal Bank |
| Official website | https://fi.money/ |
| Email ID | help@fi.care |
| Address | Bangalore, Karnataka |
| Customer care number | 080 47485490 |
| Social media | Instagram Twitter LinkedIn |
Features of Fi money app
Fi money app has many interesting features to manage your spends, funds and investments with user friendly interface. So, let’s check out features of Fi app.
Ask.Fi
Fi money app has a inbuilt voice assistance feature which provides you all details about your accounts like account number, balance, spend histories, IFSC codes, UPI id etc.
You can also ask your questions and query. Also, can pay anyone of your listed friends and merchants by just saying to pay. Also, can download and view account statement and details by speaking with the help of Ask.fi feature.
FIT rules
This feature helps you to save your money automatically from your fi account to predefined jars. You can select the amount figure and frequency of transfer. This will help you to save your money. You can also set your automatic rule according to your spend activity and events. Like saving ₹100 while any cricketer hit 6 in India’s cricket match or save while you order anything at any website and apps.
Jars
Jars is a fix deposit schemes created by Fi to get more interest then normal Fi saving account. You can invest into pre-defined fi jars, or you can customise you fix deposits according to your terms and amount of investment. You can create smart fix deposits from ₹300 to ₹50000 At the rate of interest of 2.50% p.a to 5.10%p.a according to terms of your fix deposit.
Rewards
You can earn rewards on your every activity like money deposit, transfer and payment, FIT rule set etc. you will get reward in terms of cashback or Fi coins. You can redeem Fi coins to get gift vouchers of top brands and websites.
Modes of payment
You can pay to anyone by UPI and QR scanning, debit card, bank transfer like NEFT, IMPS and RTGS.
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Benefits and Offers of Fi money app
Fi money app provides many benefits and offers to their users. So, let’s check out some of the important benefits and offers of fi bank.
- Provides a zero balance saving account in just a few minutes of activation time.
- Free Visa platinum debit card for your offline spends and transactions.
- NEFT, IMPS and RTGS services at no extra cost.
- Pay using UPI or QR scan.
- Zero forex charges on debit card spends at abroad.
- Free cash withdrawal at federal bank ATM and 5 free transactions at any ATM after that it will be chargeable at ₹21 per transactions.
- International ATM withdrawal fee ₹100 and ₹25 for inquiries.
- Get upto 30% discount on your debit card at top websites and apps.
- Good reward back program for users so users will get cashback and gift vouchers against their activities.
Hidden Fees and charges of Fi money app
List of hidden fees and charges of Fi money digital bank.
| Details | Charges |
|---|---|
| Minimum balance charges | Nil |
| Account maintenance charges | Nil |
| Debit card charges | Nil |
| Debit card reissue fee | First time free after that ₹250 |
| Forex markup fee | Nil |
| ATM withdrawal fee | After exceeding free limits ₹21 |
| International ATM charges | ₹100 and ₹25 for inquiries |
| Fuel surcharge | 2.5% of amount or ₹10 |
| UPI, NEFT, RTGS and IMPS charges | NIL |
| Chequebook | ₹100 for 10 cheque |
| DD charges | Free upto ₹1 lakh |
| Stop cheque payment charges | ₹100 per cheque or ₹500 for three cheques in series |
| Physical statement charges | One free statement per month after that ₹100 for every 40 transactions list |
| Balance Certificate | ₹100 |
| Interest certificate | Free one per year after that ₹100 per certificate |
| Transaction decline charges | ₹25 |
| Cheque bounce charges | For first ₹125, second ₹250, third ₹500 cycle reset at 3 months |
| Cheque returns charges | ₹150 |
Fi bank eligibility criteria.
Currently Fi bank facility is only available to working professionals not for students and others. So, if you are belonging from any profession or a employee than you can apply for Fi bank account.
How to open Fi bank saving account?
Opening of Fi bank account is very easy and simple process. It’s taking just a few minutes to open your digital saving account at zero balance.
- Click on the above link to download Fi money app from play store and App store.
- Open Fi money app
- Fill all the require details
- Enter your pan card number and aadhaar card details.
- Upload your photo
- Wait for verification process
- And done your account is opened
For full access of all the features of your account complete the full KYC process by video KYC.
Genuine reviews of Fi money app
Well, Fi money bank is neo banking service, so they don’t have any physical branches so company no need to spend lot of money behind maintenance and staff salaries of physical branch. So Fi can reduce banking charges and provides some facilities at zero. And also, can gives you a offers and cashback.
So, if you wish to enjoy all of the above listed benefits and features of Fi bank than you should apply for Fi bank account. And if you are traveling across the world and doing many Forex transactions then you must apply for it.
FAQ:
Is Fi bank is safe or not?
Yes, Fi bank is completely safe because it is created with partnership of federal bank which is and registered under standards and regulations of RBI. So, your account will be hosted at Federal bank. your money is insured upto ₹5 lakh as per the RBI’s insurance deposit scheme.
Fi money app is a bank?
No Fi money is not a bank or doesn’t hold any banking license. It is created in partner with federal bank of India.
My money is safe at Fi money app?
Yes, your money is safe upto ₹5 lakh as per RBI insurance deposit scheme at Fi money app.
Saving account interest rate of Fi money app?
Fi money app gives you a yearly 2.5% interest rate on your all deposited amount.
Fix deposit and Smart deposit interest rate of Fi money app?
Fi money gives interest from 2.50% p.a to 5.10%p.a on all your fix deposit and smart deposit according to your terms of deposit.
Disclaimer: we always intend to provide you all updated details. But there is a possibility changes in data, rates, charges and fees by bank and issuer company. So kindly refer all the latest data by visiting official website of issuer before applying. We are not responsible for any legal or financial implication in any case.