What Does Peanut Cost?
Peanut charges no fees on your everyday money operations — deposits, withdrawals, QR payments, sending money, and collecting money are all free. When you convert between currencies, you get one all-in exchange rate that moves with the market, and it is always shown: what you see is what you get. The Peanut Card has its own simple pricing — see The Peanut Card below.
Fee Schedule
These are Peanut's fees for deposits, withdrawals, payments, and sends — the Peanut Card is covered separately below.
| Operation | Peanut Fee |
|---|---|
| Crypto deposit (any network) | Free |
| Bank deposit (SEPA, ACH, wire) | Free |
| QR payment (Mercado Pago, Pix) | Free |
| Bank withdrawal (SEPA, ACH) | Free |
| Crypto withdrawal (any network) | Free (gas covered by Peanut) |
| Peanut Link (create or claim) | Free |
| Peanut Request (create or contribute) | Free |
| Account maintenance | Free |
There are no monthly fees, no hidden charges, no minimum balance, and no account closure fees.
Exchange Rates
When you convert between currencies (e.g. paying in Argentine pesos from your dollar balance), Peanut converts at a live market rate. The rate varies with market conditions and the partners serving your route, and it is always shown: in the app when you pay, and live right here.
The rate you see is a single, all-in number with no fees added on top. What you see is what you get.
How Peanut Saves You Money
Peanut often costs less than alternatives in Latin America because it uses a direct market conversion rate that bypasses regulated rates:
- Argentina: 2–11% better than credit card rates on average
- Brazil: Up to 3.5% savings on outbound transfers (no Tax on Financial Operations)
For a detailed comparison, see the pricing page.
The Peanut Card
The Peanut Card is a virtual Visa card you fund with your Peanut balance and use wherever Visa is accepted. Its pricing is separate from the operations above. The card is currently in closed beta, rolling out gradually through a waitlist — some users may be eligible to skip it; check your eligibility at peanut.me/shhhhh.
| Card | Cost |
|---|---|
| Creating your card | Free |
| Adding funds | Free — Peanut covers the network fee |
| Monthly or annual card fee | None |
| Spending, no currency conversion | No added fee |
| Spending in another currency | Visa's network exchange rate + a 1% ISA (International Service Assessment) fee |
No Peanut fee on card spending. When a purchase converts to another currency, Visa applies its network exchange rate plus a 1% ISA (International Service Assessment) fee — a standard Visa network fee, not a Peanut charge. Peanut adds nothing on top. Purchases in the same currency as your balance aren't converted, so no ISA applies.
Important
Card use is subject to the Peanut Card Terms and applicable limits.
FAQ
Does Peanut charge any hidden fees?+
No. Every fee is listed above. Peanut's everyday operations are all free, and the only card cost — the 1% ISA on cross-currency card purchases — is a Visa network fee, not a Peanut charge. When a currency conversion happens, the exchange rate you see is a single, all-in number with no fees added on top. The rate is always shown, and what you see is what you get.
Who pays for gas fees on crypto transactions?+
Peanut covers all gas fees on both deposits and withdrawals across every supported network.
Does my bank charge fees for deposits or withdrawals?+
Peanut does not, but your bank might. SEPA and ACH transfers are typically free from most banks. Wire transfers can cost $25-$80+ from the sending bank — Peanut charges nothing on its end.
Is the exchange rate competitive?+
Yes. In Argentina, Peanut's rate is typically 2–11% better than credit cards and bank exchanges. In Brazil, you save up to 3.5% by avoiding the Tax on Financial Operations. The rate is always shown — no surprises.
Does Peanut charge a fee on card payments?+
No. Peanut adds no fee to card spending. Creating your card is free, and there are no monthly or annual card fees. When a purchase converts to another currency, Visa applies its network exchange rate plus a 1% ISA (International Service Assessment) fee — that's a standard Visa network fee, not a Peanut charge. Tip: when spending abroad, always choose to be charged in the local currency rather than US dollars — the merchant's own conversion is usually worse than Visa's. See the Peanut Card Terms for full details.