The Trading 212 Card - Everything You Need to Know (Initial Review)

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Toby Newbatt

Toby Newbatt

2 ай бұрын

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Disclaimer: This video is provided for information and entertainment purposes only. Please seek the help of a qualified regulated financial professional for any advice. Capital is at risk. Some links are affiliates and I will earn a commission from using them.
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Timestamps:
0:16 - What is the Trading 212 Card?
1:10 - Details about the card
2:12 - Cashback details 0.5%
3:22 - Multi-currency support details
4:27 - Interest on cash
5:59 - How does it compare to the competition?
8:02 - Who is this for?
9:12 - Pros and Cons

Пікірлер: 163
@UndisturbedMonk
@UndisturbedMonk 2 ай бұрын
Still early days, but judging by how fast 212 is moving, I'm sure this card is only gonna get better!
@valerienewbatt9678
@valerienewbatt9678 2 ай бұрын
Very interesting, great video Toby.
@danielhamilton7621
@danielhamilton7621 2 ай бұрын
Chase is better for spending abroad uses the same Mastercard interbank exchange rate with no fees ever. Also double the cash back I’d only use trading 212 once I’ve maxed out chase cash back and while the 5.2% is nice I’d rather have the government protection at a rate of 5.1% and then continue to invest as normal with average returns higher than 5.2%. But great video thanks
@NightElff88
@NightElff88 2 ай бұрын
You are wrong. Mastercard interbank rate has a markup, the fees are embedded into it, so you are fooling yourself if you think you are not paying fees. T212 on the other hand claim to use the true interbank rate, which is the lowest possible by definition.
@tortozza
@tortozza 2 ай бұрын
The chase cashback is only for the first 12 months
@kalvinwatson9180
@kalvinwatson9180 2 ай бұрын
​@@tortozzayes it Chase do state the cashback is for 12 months but they've extended it every year since they launched for existing and new customers.
@acmramon
@acmramon Ай бұрын
@@tortozzano is not. Is unlimited now
@janekczwarty
@janekczwarty Ай бұрын
If Chase uses the Mastercard rate, as does Monzo for example, it will not be better than this card. The reason being the Mastercard rate includes a fee already - T212 uses the actual interbank rate + 0.15%. For the Mastercard rate, the variable fee can be as high as 0.7%.
@isurujosh
@isurujosh 2 ай бұрын
Trading212, you rock the world!!! Now really looking forward to the SIPP.
@nax1807
@nax1807 2 ай бұрын
they only need to provide a lifetime ISA product, SIPP, and most people can pretty much hand all their money over to one broker.
@JonYeo
@JonYeo 2 ай бұрын
That’s what I’m hoping for too..
@Dr.JubairsFinance
@Dr.JubairsFinance 2 ай бұрын
Well explained Toby
@TomsPersonalFinance
@TomsPersonalFinance 2 ай бұрын
Nice overview, Toby. I was a bit disappointed it didn't launch with Google Pay support. I don't tend to carry my wallet with me these days and just use my phone, so I'll be waiting for that support to be added.
@novinfard
@novinfard 2 ай бұрын
Also it’d be good to compare it with WISE.
@vids290
@vids290 2 ай бұрын
Yes would love an update, please link to this one if possible
@novinfard
@novinfard 2 ай бұрын
Thank you for the amazing video. Is the cashback being paid a day after that, monthly, or annually ?
@MrCosta1985
@MrCosta1985 2 ай бұрын
Daily
@TobyNewbatt
@TobyNewbatt 2 ай бұрын
Daily :)
@Dr.JubairsFinance
@Dr.JubairsFinance 2 ай бұрын
5.2% per year, paid daily. Not 5.2% per day. Important to note.
@travellerseko
@travellerseko 2 ай бұрын
For travelers, I believe Wise is the best one. Then Monzo and starling.
@nunuknowstheway6710
@nunuknowstheway6710 Ай бұрын
How so Wise charged you interbank rate + 0.22% mark-up where as T212 is Interbank rate + 0% with 0.15% FX fee so T212 is always going to be cheaper for spending abroad cause you get a 1.5% cashback. So Wise is a worse rate at -0.22% cost. T212 is a better rate at + 1.35% so T212 is 1.57% better for travelling.
@paultozer3153
@paultozer3153 2 ай бұрын
Kinda similar to wise who I use to transfer my work shares into cash as it comes in USD. You can have multiple currency accounts and have interest invested in money market, stocks or just normal interest
@rafalmalinowski1716
@rafalmalinowski1716 2 ай бұрын
Yes. I'ts got PLN currency support and for that I'm getting one for myself
@glennwhitlock1272
@glennwhitlock1272 2 ай бұрын
Tried Revolut in Portugal, nothing. Nobody accepted it (small city in the north). Totally fuss-free card, Halifax Clarity. No exchange fees. ATM fees apply, but minimal (and avoid totally by paying off as soon as it appears on your account).
@gobshite99
@gobshite99 2 ай бұрын
Yeah it's a good account from Halifax.
@smeg3519
@smeg3519 2 ай бұрын
Nice video, soon as they get Apple Pay I will get one
@MickyOTW
@MickyOTW 2 ай бұрын
will they automatically exchange USD to GBP if you use the card in America etc or do you need to exchange in the app before hand?
@TobyNewbatt
@TobyNewbatt 2 ай бұрын
You would need to exchange before hand
@hammyuk
@hammyuk 2 ай бұрын
I enjoyed the video whilst drinking a cup of decaf coffee. Wish I could buy a Toby Newbatt mug. Who else would buy one?
@jordanhudson2793
@jordanhudson2793 2 ай бұрын
Hey Toby, I also have the Virgin Atlantic Credit card (the paid one) for my everyday spending to collect points. As you know, they offer fee free spending in EU countries (no FX fees). My question would be, why would you choose the Trading 212 card as your travel card when that incurs a 0.15% fee compared to the Virgin Atlantic credit card at 0% fee (when travelling to EU countries)
@TobyNewbatt
@TobyNewbatt 2 ай бұрын
Hey Jordan. So just looking into this, although Virgin don’t charge you a non sterling fee…there are fees from the payment processor for paying a euro transaction with pounds for example. These are set by Mastercard as I understand it. This is why having a multi currency card is beneficial as you are paying in the native currency and not subject to the Mastercard rates. I understand these are variable
@TheModernShieldMaiden
@TheModernShieldMaiden 2 ай бұрын
I’ve just ordered my physical card. Bit late to the game with all the financial stuff and just started a Sipp with Invest Engine so Maybe should have hung fire for T212
@nax1807
@nax1807 2 ай бұрын
have you maxed out your workplace pension contributions for the tax year? if not i reccomend you do this before funding a SIPP, unless you are self employed, your employer also pays into your pension with 20% tax relief through salary sacrifice. most efficient way to save for retirement.
@TheModernShieldMaiden
@TheModernShieldMaiden 2 ай бұрын
@@nax1807 thanks for your good advice, I am self employed so I’ve opened a sipp with the investco All world ETF and 10% cybersecurity etf. Fingers crossed it’s the right picks
@Raimis1
@Raimis1 2 ай бұрын
@Toby Newbatt Hi mate. Just quick question. Does stocks and shares assets purchases on invest account counts towards spending cashback? And also probably possible to use virtual t212 with curve wallet for contacless spending , not sure yet about this workaround
@TobyNewbatt
@TobyNewbatt 2 ай бұрын
No stocks and shares purchases dont count they don’t use the card they just use the balance
@TobyNewbatt
@TobyNewbatt 2 ай бұрын
Also many people saying it’s not working on curve but you could try it
@Raimis1
@Raimis1 2 ай бұрын
Thank you Toby 👍
@riddlergorshin
@riddlergorshin 2 ай бұрын
Will t212 eventually become a bank. I’d love it not having to transfer funds in!
@nax1807
@nax1807 2 ай бұрын
at this rate, they may as well be. also i struggle to understand how the likes of freetrade or invest engine stay afloat with competition like this. they only downside is they haven't rolled out a lifetime isa product or SIPP so the big brokers like hargreaves, AJ bell, Shepherds family will stay in business.
@absynth21
@absynth21 2 ай бұрын
Is the interest earned on uninvested cash taxable? Can I use it like a cash ISA?
@TobyNewbatt
@TobyNewbatt 2 ай бұрын
It’s not inside an ISA so it’s taxable technically any interest you do receive. What you can get tax free will depend on your income level
@daveinthailand
@daveinthailand 2 ай бұрын
I used 212 for 4 years when in UK Now retired in Thailand do you know if they accept clients for Thailand And does the card still apply Thanks
@TobyNewbatt
@TobyNewbatt 2 ай бұрын
Not yet I think Dave - UK first, then rolling out to EU, keep an eye open :)
@uselesstaco5046
@uselesstaco5046 Ай бұрын
I live in the netherlands and i would love the card but it's currently not available in the EU, does anyone perhaps have some more information on this? I couldn't find anything myself
@prolankan333
@prolankan333 2 ай бұрын
Please do a tutorial about money farm platforms thank you
@ravington666
@ravington666 2 ай бұрын
Hi Toby, does the un-invested cash sitting in your T212 Isa still count towards your total allowance ?
@TobyNewbatt
@TobyNewbatt 2 ай бұрын
Two things: 1. The balance of the card has nothing to do with your isa. It uses cash based in your investing account. 2. Any cash you put into your ISA counts towards your allowance if it is NEW money that tax year. It doesn’t matter if it’s invested or not it still counts. If you put in £20k right now that’s your allowance used up. Hope that makes sense
@ravington666
@ravington666 2 ай бұрын
@TobyNewbatt OK thanks, understood, the card uses un-invested cash inside your T212 invest account, NOT inside your Isa account.
@ian4102
@ian4102 2 ай бұрын
Hi Toby, you mentioned that Chase are putting up their interest rates, do you know when this is from as I’ve had no notice of this. Thanks.
@jamescasson6541
@jamescasson6541 2 ай бұрын
It's available now. You need to open a savings account. It's not on the current account.
@TobyNewbatt
@TobyNewbatt 2 ай бұрын
As per below you need to open a savings account, I got an email and it is also inside my app
@jonathanhardy793
@jonathanhardy793 2 ай бұрын
@@TobyNewbatt I have both Chase current account and savings - still at 4.1% on savings as of this morning !
@Rich-py2tv
@Rich-py2tv 2 ай бұрын
Chase are only offering the 5.1% if you had less than £500 in the existing 4.1% account it’s a strange one!
@my95lifestyle47
@my95lifestyle47 19 күн бұрын
can I deposit on my isa with this ?
@amyp937
@amyp937 Ай бұрын
Money box, it’s close to trading 212 and chip is similar I think
@user-wl7jy9wu9m
@user-wl7jy9wu9m 2 ай бұрын
Vanguard will be launching app soon
@caio5987
@caio5987 2 ай бұрын
Judging by how late they are with this it will probably be awful
@clarkeysam
@clarkeysam 2 ай бұрын
It seems so close but not quite there yet. The cashback is ok, but not leading. The same goes for interest. Paying for a physical card is a bit of a hurdle. The lack of apple or android support is, frankly, unacceptable. No acc no or sort code makes things more difficult. All in all, it seems ok, but doesn't offer me anything above what I already have, and therefore I'm not motivated to move.
@TobyNewbatt
@TobyNewbatt 2 ай бұрын
Definitely a step in the right direction. Agreed we need the google and Apple Pay sorted asap. And then some bits to make it special - I’m sure they are working on it all!
@user-ic9lt9fw2d
@user-ic9lt9fw2d 2 ай бұрын
Can I opt-in for interest in my trading account but not in my ISA so it is protected?
@Paul-zk2tn
@Paul-zk2tn Ай бұрын
Just tried there. Looks like you can, yes. (But please dont take my word as gospel)
@MrCosta1985
@MrCosta1985 2 ай бұрын
Is the cashback taxable? I assume not as the money is sitting in the stocks and shares isa right?
@nax1807
@nax1807 2 ай бұрын
is there anything they won't tax you for...
@j.d.9848
@j.d.9848 2 ай бұрын
the money is inside GIA; why would you want to put money inside ISA wrapper only to spend it on card? just spend it straight from the bank account
@TobyNewbatt
@TobyNewbatt 2 ай бұрын
everything is inside the general investing account. Your tax situation is personal to you. Nobody takes tax out of your interest, this is up to you to declare with HMRC once it goes above your allowances. Everyone in the UK gets £1,000 allowance for savings interest (assuming you are a basic rate tax payer) and also there is a starting rate for savings too if you earn under £15,000 (which can be the case if you are a limited company director and pay yourself using dividends). See the HMRC website for more details. You would need a lot of money in savings to pay taxes on it....
@bufordmaddogtannen
@bufordmaddogtannen Ай бұрын
Cashbacks are not taxed as they are considered discounts on prices. Interests on the other hand are (if you go past your allowance and/or depending on your income).
@Pegaroo_
@Pegaroo_ 2 ай бұрын
When is their SIPP coming? Currently thinking about consolidating a couple of auto enrolled pensions i have
@TobyNewbatt
@TobyNewbatt 2 ай бұрын
I think this year is possible that’s what I saw on a Reddit thread
@riccardobarone2556
@riccardobarone2556 2 ай бұрын
Hello everyone, i know this question is unrelated to the video but i might aswell ask. I'm currently undertaking a bachelor's degree in the UK. I will start year 2 next September. I have an emergency fund and i work part time (+overtime during schoold holidays) so i can susutain myself without need a mantanence loan. But i was wondering ifbit would be worth to take it anyway, just so to invest it in my ISA? The reasoning behind this is that: the loan's interest today is capped at 7.8% so on paper investing it in a good ETF would outgrow it (10% average on stock market return) Would you do it or you think is best if i keep my overall "student debt" as low as possible?
@TobyNewbatt
@TobyNewbatt 2 ай бұрын
No way at all in my view - do not invest using debt that is asking for trouble :) There is no guarantee what happens and even in the next 3-5 years you can end up losing money and you'll then have debt to pay... If you can avoid debt...just avoid the debt :) And have fun! you're so young at you are a university, enjoy yourself!
@bossman5101
@bossman5101 2 ай бұрын
How do you apply for it. I signed to the waiting list awhile back and today received email saying I am in but clicking it takes me to the app and doesn’t do anything else. Can’t find the option to apply for it anywhere else. Any help would be appreciated
@TobyNewbatt
@TobyNewbatt 2 ай бұрын
Its inside the investing part of the app make sure you are in that account, and then the icon shows in the menu bar on the bottom. It is not inside the ISA part of the app
@powderpofgirls
@powderpofgirls 2 ай бұрын
Am I right to understand that having your money in cash in the account is not safe? In the sense not protected by FCSA?
@TobyNewbatt
@TobyNewbatt 2 ай бұрын
That's not correct :). Your money is protected inside Trading 212 and any other regulated platform when it is in cash. What is NOT protected is when money gets invested. This also includes when your money MAY get invested into a money market fund in order for you to benefit from the higher rates of interest. Please read the terms very carefully. Many people still have no idea how the £85,000 protections work even here on youtube, please be careful who's videos you watch.
@hoodnationproductions
@hoodnationproductions Ай бұрын
Received mine in the post the other day and tried to use it at the shop today and it didn’t work at the till. Is this just me or don’t they accept them yet?
@TobyNewbatt
@TobyNewbatt Ай бұрын
Works fine you do need to make your first payment using the PIN code though. Also some shops might not accept a pre paid Mastercard?
@fendidave9940
@fendidave9940 2 ай бұрын
How long after joining the waitlist did the virtual card appear?
@TobyNewbatt
@TobyNewbatt 2 ай бұрын
Mine was straight away once I was approved, the virtual card was there. I only had to wait for the physical card.
@stephenlewis2084
@stephenlewis2084 27 күн бұрын
I'll stick to Chase with Starling as back up.
@nax1807
@nax1807 2 ай бұрын
does anybody else know where to locate the car on their account? is there an application process before you are issued.
@TobyNewbatt
@TobyNewbatt 2 ай бұрын
Switch to the invest side of the App, not the ISA side and you will see the card menu item in the bottom
@RyanChadwick-hx1px
@RyanChadwick-hx1px 2 ай бұрын
It comes up as a corporate card, so be careful some online sites charge you 3% for using the card. Trading 212 don't have a clue about the card, the amount of time getting passed around by staff, and said no chargebacks are allowed, they don't know how to do it.
@Discrepancy212
@Discrepancy212 Ай бұрын
I’m sure they can give loads of perks and a great return, as you do a forex trade like 270,000 GBP/USD and you take the green, then you do the same trade 4.5 minutes later, same direction, almost identical but suddenly your stop loss triggers and you say WHAT!! WHAT HAPPENED! When your statement comes you notice the 3,520% increase in the mark up (very liquid mark up) on the spread !!
@ZenoGotWet
@ZenoGotWet 2 ай бұрын
Dooesnt quite work for me. Chase gives me 1% and ni interest. This gives me .5 and 5.2 interest. I spend approx 500-2000 a month and keep topping up to a 1000 , I top ip from the chase savings account which is 4.7% Not worth the extra hassle even if it is slightly better. Still a big fan off T212 and will be having this years ISA there.
@Sam-ue4rv
@Sam-ue4rv 2 ай бұрын
Would I be able to pay Bills Council Tax Rent with the card? Get some cash back? Also I have extra money on my card so will be good to buy Petrol and shopping without using cash or Debit/Credit Card?
@simonharrywood
@simonharrywood 2 ай бұрын
Is the physical card contactless?
@TobyNewbatt
@TobyNewbatt 2 ай бұрын
yes
@hrrh4512
@hrrh4512 2 ай бұрын
Could you use this card to invest in a different ISA and get cash back?
@TobyNewbatt
@TobyNewbatt 2 ай бұрын
No the card is inside your general invest account it is not inside an ISA.
@hrrh4512
@hrrh4512 2 ай бұрын
@@TobyNewbatt using the 16 digits could i enter it into a an isa to deposit money?
@TobyNewbatt
@TobyNewbatt 2 ай бұрын
@@hrrh4512 Ahh I see what you mean use it as a deposit card. Maybe this is one thing I'd have to check!
@AnalogueSolutions
@AnalogueSolutions 2 ай бұрын
Is this card using just the cash on your account. Or ‘selling’ your investments to cover your card spending. Then what happens about realised capital gain?
@TobyNewbatt
@TobyNewbatt 2 ай бұрын
Just using the cash not your investments that would be a bit crazy 😂
@michaelhutchinson2854
@michaelhutchinson2854 2 ай бұрын
@@TobyNewbatthi Toby, is the card contactless or not? That’s gonna be a deal breaker for me 😂😂
@TobyNewbatt
@TobyNewbatt 2 ай бұрын
@@michaelhutchinson2854 yep! 😀
@ravington666
@ravington666 2 ай бұрын
So basically, the whole amount in your un-invested cash account is not covered by the fscs ?
@TobyNewbatt
@TobyNewbatt 2 ай бұрын
No, it’s only an issue if all of your funds are invested into money market funds. You can see where your money is invested in the interest part on the app. Any money held on a platform or inside a bank is covered. For example mine is held in banks, I didn’t choose this but this is what my app says.
@ario2264
@ario2264 Ай бұрын
@@TobyNewbatt If a QMMF were to fail, which seems highly unlikely, would that mean you'd lose all your money or just some of it? I'm thinking of putting tens of thousands in cash into T212 just for the interest but obviously don't want it to blink out of existence.
@TheBlackleech7
@TheBlackleech7 2 ай бұрын
I have a isa account with 212 can I open a invest as well?
@TobyNewbatt
@TobyNewbatt 2 ай бұрын
Yes, anyone can.
@Pegaroo_
@Pegaroo_ 2 ай бұрын
Can the virtual card be added to Android or Apple Pay?
@TobyNewbatt
@TobyNewbatt 2 ай бұрын
Nothing can at the moment, that's the issue whether it's physical or virtual :)
@Pegaroo_
@Pegaroo_ 2 ай бұрын
@@TobyNewbatt ah ok
@scottishpanda0
@scottishpanda0 2 ай бұрын
How do you get 5.1% with chase? I'm only getting 4.1, and have had no news on a rise 🤔
@BenGmanUk
@BenGmanUk 2 ай бұрын
It's the boosted account but it's not open now.
@Wilfgood
@Wilfgood 2 ай бұрын
If you had more than £500 in a saving account with chase you can’t get the 1% bonus
@TobyNewbatt
@TobyNewbatt 2 ай бұрын
These are the details: Who's eligible for Chase's boosted saver rate You can get the offer if: You became a Chase customer on or before 29 February 2024; AND You had less than £500 in total across any Chase savings accounts you held on 8 March 2024 (you can hold up to 10 of these accounts).
@Zeus_1983
@Zeus_1983 2 ай бұрын
Slight dip in todays VWRP, could be relqted to the Copenhagen stock exchange fire?
@timothyhewitt6736
@timothyhewitt6736 2 ай бұрын
It's a nice idea, but think it's a bit needless imo. I would've liked them to concentrate on pushing through fund transfers quicker. Currently T212 only transfer cash and NOT shares. I hope they get the shares transfer sorted soon.
@johnn1212
@johnn1212 2 ай бұрын
How do you deposit money on it
@TobyNewbatt
@TobyNewbatt 2 ай бұрын
The same way you deposit money in your general account. Apple Pay, direct bank or debit card etc
@robparker106
@robparker106 2 ай бұрын
Can you pay for parking on the card? I park every day in London which is refunded by the company. Would be good to get a bit of cash back for it!
@dylanwilsonYT
@dylanwilsonYT 2 ай бұрын
You'd be better of using the chase debit card for this as you get 1%.
@imrobmeer
@imrobmeer 2 ай бұрын
Strange you're not mentioning Trade Republic. They offer 4% interest without requirements. Paid per month. And also have the option of cashback. Are those not available to people in the UK?
@clarkeysam
@clarkeysam 2 ай бұрын
I'd never heard of them. A quick Google shows that they are only available to permanent residents of Germany who pay tax in Germany.
@nikosbiologytsiouplis1895
@nikosbiologytsiouplis1895 2 ай бұрын
@@clarkeysam i am from greece and use trade republic for two months now
@imrobmeer
@imrobmeer 2 ай бұрын
@@clarkeysam That is incorrect. Yes, a german citizen can use them. But i'm from The Netherlands and can use their services as well. As can people from other EU countries. Since i can't include a link, here's a quote from their FAQ: "You can open an account if you meet the following criteria: You have a valid identification document (identity card or passport) You are at least 18 years old You are a permanent resident in the country you are registering from You are liable for tax in the country you are registering from You have a European cell phone number You have a SEPA bank account If necessary, a document to confirm your address"
@clarkeysam
@clarkeysam 2 ай бұрын
@@imrobmeer that's not what it says when I access their FAQ, it says: To open a Trade Republic account you must meet the following criteria: Own a smart phone. At least 18 years old and have permanent residence in Germany with tax liability in Germany. You have a European cell phone number and a SEPA bank account.
@clarkeysam
@clarkeysam 2 ай бұрын
@@imrobmeer (for clarity, I'm not saying that you're wrong, I'm just surprised that their FAQ shows different info depending on the country that the person is accessing their website from (I'm in the UK)). I like the Netherlands, I've spent a good amount of time working over there. In fact, when the disaster that is Brexit came into force I was working in your country. Prior to leaving I needed to register at the Rotterdam police station with the other none EU citizens. I will have been one of the first Brits to do that. The police were joking that we were the first people not from the Philippines that they have dealt with!
@AndzCollinson
@AndzCollinson 2 ай бұрын
How do you get the card ?
@TobyNewbatt
@TobyNewbatt 2 ай бұрын
Apply inside the Trading 212 account. Inside the Invest part of the account there is a card menu option
@AndzCollinson
@AndzCollinson 2 ай бұрын
Thank you toby was looking everywhere
@fendidave9940
@fendidave9940 2 ай бұрын
@@TobyNewbatthow long did it take to receive virtual card?
@marcoinvesting5339
@marcoinvesting5339 2 ай бұрын
Trading212 does not show the current interbank rate so you just have to trust they're charging the correct rate. Very annoying
@sadakamber5843
@sadakamber5843 Ай бұрын
It's a shame you don't get the 0.5% cashback when paying for utility bills 😒
@GavinLawrence747
@GavinLawrence747 2 ай бұрын
Need a video on tobys fav energy drink and sweets please....mango loco? pacific punch? wispa gold?
@nax1807
@nax1807 2 ай бұрын
he strikes me as a dragon soup man.
@TobyNewbatt
@TobyNewbatt 2 ай бұрын
Googles...Dragon soup...:P
@caio5987
@caio5987 2 ай бұрын
Because it’s not protected I would only put cash that I would be prepared to lose rather than as much as possible
@TobyNewbatt
@TobyNewbatt 2 ай бұрын
Your cash is protected - please makes sure you fully understand what I have said, and what the terms say. Investments are not protected, which include money market funds. I see many people still do not understand what the £85k protections are for from the FSCS, even here on KZbin please be very careful who you listen to.
@caio5987
@caio5987 2 ай бұрын
@@TobyNewbatt yes I meant the interest on cash part I’m aware that for investments it is protected
@TobyNewbatt
@TobyNewbatt 2 ай бұрын
@@caio5987 right so your cash is protected on the platform and if it is with a bank. The ONLY time it is not protected is if it’s invested in a money market fund or invested in something else. You can see where your money is on the interest page inside the trading 212 app. You don’t get to choose but you can see it either way. I can see all of mine is with banks.
@caio5987
@caio5987 2 ай бұрын
@@TobyNewbatt oh I see thanks for clarifying But we can’t choose where the cash is invested can we?
@TobyNewbatt
@TobyNewbatt 2 ай бұрын
@@caio5987 no that’s right but you can see where it is and if you’re not happy you can opt out of the interest at any point.
@Sam-ue4rv
@Sam-ue4rv 2 ай бұрын
Imagine you can pay people Bank Transfer with the money in your account? They should be incorporate that into the features.. Because now the person company you send money to gets your name.. With this would be Trading 212 Account number only.
@powderpofgirls
@powderpofgirls 2 ай бұрын
Don't see any benefit of using that card over monzo or starling which charge 0 fee ?
@bobreece
@bobreece 2 ай бұрын
Trading 212 sounds great but so slow and buying and selling shares its not a very good platform if you want to but and sell quickly
@nax1807
@nax1807 2 ай бұрын
don't use it then...
@TobyNewbatt
@TobyNewbatt 2 ай бұрын
Which shares do you buy that are slow? It's always been super fast for me, are you trading out of hours or buying penny stocks?
@JohnnyMichaelsen
@JohnnyMichaelsen 2 ай бұрын
Sounds like it’s competing with Wise as well as Revolut.
@TobyNewbatt
@TobyNewbatt 2 ай бұрын
Ahh yes them as well. Lots of competitors 😎
@Chardy97
@Chardy97 2 ай бұрын
The way i see it, its a current account that gains 5.2% interest.For a lot of people they are gaining additional money for just having it sat there ready to be spent and even better its easily accessible
@jfinnie78
@jfinnie78 2 ай бұрын
Current account-like with a relatively new player without FCSC protection to get the increased interest... What could possibly go wrong?!
@Chardy97
@Chardy97 2 ай бұрын
@@jfinnie78 don't put in what you can't afford to lose.
@jfinnie78
@jfinnie78 2 ай бұрын
@@Chardy97 So, nothing like a current account, then. Got it.
@shimsteriom4191
@shimsteriom4191 2 ай бұрын
Pfft..... Yet something else that isn't available on the isle of Man. 🤔
@TobyNewbatt
@TobyNewbatt 2 ай бұрын
there must be something on the IOM that you cant get every where else :P
@shimsteriom4191
@shimsteriom4191 2 ай бұрын
@@TobyNewbatt Possibly 😉
@CaboloNero
@CaboloNero 2 ай бұрын
Paying for a card ffs. All the nerds will be all over it like paying for a metal card like usual.
@MrBottley
@MrBottley 2 ай бұрын
Hi Toby have you got instagram?
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