Exploring Tally for Savings: How Does It Compare to Traditional Banks?

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Hi everyone,

I am considering using Tally as an alternative for some of my savings and was hoping to get some insights from people who have already made the switch. I understand that Tally is backed by physical gold, which seems like a solid idea, especially in times of economic uncertainty. But I’d love to hear more about the practical, day-to-day experience.

For those of you who use Tally regularly, how do you feel it compares to traditional savings accounts in terms of security and accessibility? Are there any noticeable advantages or drawbacks when it comes to converting Tally back to GBP if needed? Also, how stable has it been in terms of fees and transaction times, especially for anyone who’s been using it for a while?

I also check this: https://community.tallymoney.com/t/entry-of-purchase-under-high-seas-sale-agreement-and-purchase-under-bond-transfer-in-talllooker But I have not found any solution. Could anyone guide me about this? Lastly, I’m curious about the community’s perspective on the gold-backed model. While it seems like a safer approach than fiat currency for the long term, I wonder if there are any potential risks or limitations I might be missing. Any advice or tips for someone new to this platform would be greatly appreciated!

Thanks in advance!

Respected community member! :innocent:

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Dial into the end of the month share chat. You can ask direct questions to the top brass.

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@Dirkus
This post is in Tally Chat so @boyoji7925 is not necessarily a Shareholder but a potential Tally user.

@boyoji7925 I’ve never had any problems when I spent a small deposit of funds to test the waters. Gold was rising at the time ( as it is now ) which was good. Debit Mastercard and phone app worked ok for me. A few on this board are having problems. I think the App is geared towards iPhone in the main.

Not using it at the moment and only have an amount deposited to cover fees going forward. Just waiting to see us relisted, and things settling down with Tally long-term, and that we are not ‘dead in the water’ as a Company / idea.

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