Trading 212 debit card expands to 20 EU countries
Trading 212 is set to bring its debit card to 20 countries in Europe. For the new card, the trading and investment platform has partnered with US-based issuer Marqueta, which provides services including fraud prevention tools to flag high-risk transactions.
It comes around a year after Trading 212 first launched the multi-currency debit card in the UK market, issued by Paynetics UK, which offers 0.5% cashback on spending up to £20 a month.
The card also offers foreign exchange at the interbank rate, with no mark-up or fee. Other UK investment apps which offer a debit card include Revolut and eToro, though these do not appear to offer cashback on payments under their standard terms.
Trading 212 has been headquartered in the UK since 2013, nine years after it was founded in Bulgaria.
Among the highlights of the app include that it offers fractional shares, zero commission trading and free shares for new users.
The firm also offers a Cash Individual Savings Account and a Stocks & Shares ISA, the latter of which only charges 0.15% on foreign exchange conversions and 0.7% for deposits above £2,000.
The firm also offers one of the best interst rates on uninvested cash currently available at 4.35% (as of 19/05/2025).
This has to be enabled through the app, as will place your cash in qualifying money market funds and banks.
Crypto on Trading 212
In 2024, the company received a cryptocurrency license in Cyprus but has yet to reveal if it has further plans to enter this space.
Robin has more than six years of experience as a financial journalist, most of which were spent at Citywire, and covers the latest developments in the investing, trading and currency transfer space. Outside of work, he enjoys reading literature and philosophy and playing the piano.
You can contact Robin at robin@goodmoneyguide.com
