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Trick 14 of 14

Wallet traps

Tricks that make it costly or confusing to use or take out your own money from a wallet.

Checked in our scorecard
Wallet balance₹1,250
Transfer to bank2% fee
You receive₹1,225
Transfer

An example

A wallet app charges a fee to move your own balance to your bank account. This example is made up.

How to spot it

Before you add money, find the withdrawal fee, where your full balance is shown, and how to close the wallet.

What the law says

Not in the official list. Khara Index tracks it as its own category, because these tricks make it costly or confusing to use your own money.

The other tricks