1inch has stopped taking new sign-ups for its Card programme and is telling existing holders to pull their balances by 18 December 2026. The guidance appeared in an FAQ updated on 19 October at 18:01 UTC, which closed the door on new users while leaving current ones a two-month window to move funds. The notice gives no reason for the shutdown.
It also gives no figure for how much money is still sitting in card balances. That matters, because most of it isn't 1inch's to hand back.
Who actually holds your money
Card balances sit with Monavate, the authorised e-money institution that issues the e-wallet. UK users are with Monavate Ltd; EU users are with UAB Monavate. The 1inch branding on the card doesn't change who's holding the funds.
That split matters for anyone trying to get their money out. Account closure, card status, identity-verification questions and personal-data requests are handled by Crypto Life — Frozen Time UNIPESSOAL LDA for EU users, Baanx Group Ltd for UK users. 1inch support can step in if CL goes quiet: users can send their request details to 1inch, which says it will log and escalate the case with the provider. It can't action account-level requests itself. That's a narrow lane.
The 18 December date isn't a hard cutoff
The FAQ frames 18 December as withdrawal guidance, not a guaranteed operational cutoff. Exact timelines for card functionality are set by the issuer and the provider, not by 1inch. Read the date as a target, not a switch-off time.
The linked issuer terms don't exactly inspire confidence either. The PDF is headed 'Monavate Business Debit Card Terms', and its corporate-customer clause states the customer is not a consumer, micro-enterprise or charity — an awkward framing for a retail card programme. The document also contradicts itself: it identifies UAB Monavate and Bank of Lithuania authorisation, but elsewhere names 'Movavate Limited' as issuer and specifies the law and courts of England and Wales. Two issuers, two jurisdictions, one PDF.
Withdrawal isn't one click
Under the PDF's withdrawal provisions, the withdrawable amount is the wallet balance minus pending transactions. Fees may apply per the provider's separate fees page — no fixed charge is given.
The currency you withdraw in changes what you get. Pulling funds in a held currency uses that balance; converting to another currency involves the relevant rate plus a fee. Card transactions run on Mastercard/Visa rates, e-wallet payments use a third-party provider's rate, and there's an additional published margin. Exchange-rate changes apply immediately and without notice.
Emptying the card doesn't close the account. Closure is a separate action: one month's written notice, relevant fees, handled by CL under the current FAQ. Remaining e-wallet funds can be redeemed for up to six years after an account closes, but the redemption route is there to recover a leftover balance after closure — it comes with no promise that card spending will continue.
What holders should do before December
Withdraw now rather than later, and start the closure request separately if that's the plan — the one-month notice clock doesn't start on its own. If CL doesn't respond, escalate through 1inch support with the details. The open questions are the ones the notice doesn't answer: why the programme is ending, and how much is still parked in balances. Neither has been disclosed. The 18 December guidance is the only deadline on the table.
