Volet.com: keys, security, fees and reviews
Custodial wallet
In short
- Custody model
- Custodial e-wallet: balances are held in the user's Volet.com account, not in a wallet the user controls.
- Fees
- Inactivity fee: Personal accounts with no transactions for six months are charged $1 per month (as of 31 October 2026).
- Risks and caveats
- Custodial service: Volet.com, not the user, holds the balances, and it says it is not a bank.
- Checked
- 31 October 2026
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Key facts
- Wallet type
- Custodial wallet
- Who holds the keys
- the provider
- Developer
- Queensland Foreign Exchange Inc.
- Formerly
- Advcash
- Official site
- volet.com
Key facts checked on 31 October 2026 against official sources.
Status
Advcash was renamed Volet.com on 26 March 2024; advcash.com redirects to volet.com and existing accounts moved to the new site.
What is Volet.com
Volet.com (formerly Advcash) is a custodial e-wallet for fiat and crypto balances with prepaid cards, transfers and a payment gateway for merchants. It says it is not a bank.
Who holds the keys
| Parameter | Details |
|---|---|
| Custody model | Custodial e-wallet: balances are held in the user's Volet.com account, not in a wallet the user controls. |
| Account after the rename | Same account and login; no new account needed. |
Features and supported networks
| Parameter | Details |
|---|---|
| Balances and transfers | Fiat and crypto balances; hold, send, receive and convert money across currencies. |
| Cards | Prepaid cards; the first cards linked to digital assets were released in 2015. |
Fees
| Parameter | Details |
|---|---|
| Inactivity fee | Personal accounts with no transactions for six months are charged $1 per month (as of 31 October 2026). |
History
| Date | Event |
|---|---|
| 2014 | Advcash launched as a digital wallet. |
| 2015 | First cards linked to digital assets. |
| 26 March 2024 | Renamed Volet.com; new terms and legal structure. |
Risks and caveats
- Custodial service: Volet.com, not the user, holds the balances, and it says it is not a bank.
- The only registration named in its terms is a FINTRAC money services business registration (No. M23153297) of Queensland Foreign Exchange Inc., which is a registration, not a licence.
- Personal accounts with no transactions for six months are charged $1 per month until activity resumes.
About the developer
- Operator (Canada)
- Queensland Foreign Exchange Inc., Toronto, Canada; registered money services business with FINTRAC, MSB No. M23153297 (per the company's terms).
- Operator (Costa Rica)
- Second February Limitada, registration number 3-102-918773, Costa Rica.
- Before the rename
- Advcash operated under Belize licences from 2014; the Belize entity was replaced.
- Current terms
- Current terms in force since 26 March 2024.
Official links
- Website: volet.com
- About: volet.com/company/about-us
- Rename notice: volet.com/blog/post/advcash-is-now-volet-com
- Terms (Canada): volet.com/agreement-canada
- Terms (Costa Rica): volet.com/agreement-costa-rica
Questions and answers
What happened to Advcash?
Advcash was renamed Volet.com on 26 March 2024. advcash.com redirects to volet.com, and existing accounts work there with the same login.
Who operates Volet.com (Advcash)?
Its terms name Queensland Foreign Exchange Inc. in Toronto, a money services business registered with FINTRAC (No. M23153297), and Second February Limitada in Costa Rica.
Is Volet.com a bank?
No. Volet.com (formerly Advcash) is a custodial e-wallet for fiat and crypto balances and says it is not a bank.
Does Volet.com charge an inactivity fee?
Yes. As of 31 October 2026, personal accounts with no transactions for six months are charged $1 per month until activity resumes.
Sources
More in this section
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