Trade Republic Girokonto (2024) Lohnt es sich?

Intro After Trade Republic introduced a Visa debit card for the depot's clearing account, the clearing account will now gradually be transformed into a full-fledged current account if desired. In this video we introduce you to the Trade Republic account with its advantages but also its disadvantages. You will find out whether the Trade Republic checking account is worth it or whether there are better alternatives. So be sure to stay tuned until the end. You can find links to all the products presented in the video below the video. Bank Trade Republic was founded in Berlin in 2019 Die Bank and now has more than 4 million customers. The neobroker has had a full banking license since the end of 2023 and will therefore no longer be dependent on partners like Solarisbank in the future. Die Vorteile des Trade Republic Girokontos The advantages of the Trade Republic checking account Advantage number 1. Free account management Vorteil Nummer 1 You get the Trade Republic account without account management fees. You don't have to meet any conditions for this. So there is no minimum cash receipt, no minimum order for the portfolio and no maximum age. Advantage number 2. Interest on your balance Your balance in the checking account will Vorteil Nummer 2 earn interest at an attractive interest rate of currently 3.75% pa. The previous upper limit of 50,000 euros is now no longer applicable with the current account. However, there is an important special feature here that we will show you in a moment. Interest rates can change quickly, if you watch the video you can see how high it is at the link below the video. Vorteil Nummer 3 Advantage number 3. Visa card with no annual fee With the account you get a Visa debit card, which is available in 3 versions. - as a virtual card for 0 euros - as a classic card for 5 euros one-time payment and - as a mirror card for 50 euros one-time payment Vorteil Nummer 4 Advantage number 4. Withdraw money for free With the Visa card you can withdraw money from ATMs worldwide for free. Please note, however, that ATM operators abroad can charge their own fees. They will not be refunded. Vorteil Nummer 5 Advantage number 5. No foreign currency fees You can use the card in any currency for free . There are no foreign transaction fees or foreign currency fees. Advantage number 6: Saveback for card payments For all card payments with the Visa card Vorteil Nummer 6 you receive 1% saveback, which goes into an ETF savings plan of your choice. The maximum saveback you can receive with your payments is 15 euros per month. Advantage number 7: Mobile payments with Google Pay & Apple Pay Vorteil Nummer 7 Trade Republic's Visa card supports Apple Pay and Google Pay. Mobile payment is possible with Android and iOs smartphones and smartwatches. The use of Apple Pay and Google Pay is free of charge for you. Die Nachteile vom Trade Republic Konto The disadvantages of the Trade Republic account In addition to the advantages, there are of course also disadvantages with the free Trade Republic account and we will show them to you now. Nachteil Nummer 1 Disadvantage number 1: The Visa card is a debit card. Some car rental companies and hotels may have acceptance problems when blocking the deposit with a debit card. It's best to use a free, real credit card without foreign transaction and foreign currency fees, for example our recommendation under the video. Disadvantage number 2: Minimum withdrawal amount Nachteil Nummer 2 A minimum withdrawal amount of 100 euros is required for free withdrawals. Disadvantage number 3: Saveback Minimum savings plan 50 euros Nachteil Nummer 3 The maximum saveback is 15 euros per month, but you need savings plans over 50 euros per month to receive it. Nachteil Nummer 4 Disadvantage number 4: Cash deposits are not possible There are currently no partnerships with banks or shops that enable cash deposits. Nachteil Nummer 5 Disadvantage number 5. Delivery fee for the card If the virtual card is not enough for you, you have to pay a one-time fee of at least 5 euros to get a physical card. Once the card expires, the fee will be due again. Disadvantage number 6. No sub-account Nachteil Nummer 6 According to the current status, the checking account also appears to be the clearing account for the securities account. It would be clearer if you had a separate sub-account for the purchases and sales of securities. Nachteil Nummer 7 Disadvantage number 7. Partly Irish deposit insurance The deposits in the checking account are still not with Trade Republic, but with the partner banks. Irish deposit protection can apply here, so that in the event of the partner bank going bankrupt, your money will not be as safe as with a German bank. In addition, if you have larger balances, some of the money may be invested in a money market fund. Is the Trade Republic checking account worth it? Our rating. Lohnt sich das Trade Republic Girokonto? Unsere Bewertung. The checking account is unconditionally free and you can use the corresponding card worldwide free of charge. You also receive attractive interest on your balance. It is interesting for you if you want to use Trade Republic as a depository anyway and are willing to wait for the checking account. The switch from a simple clearing account to a checking account takes place gradually. For some, managing both investments and daily expenses from the same account can be disruptive. An alternative could be the C24 account. It is also free with no strings attached and has no foreign currency fees. It has the following advantages over the Trade Republic account. It is available immediately And there are free real-time transfers. In addition to the Mastercard debit card, a free Girocard is also available. We'll link both accounts below the video. Do you have any questions about the Trade Republic account? Then just write to us in the comments. We'll be happy to answer them. And if you liked the video, please leave a like and subscribe to the channel. Subscribing is free! Thank you for watching and see you soon!