I have had an invest account for some time now which I opened as a USD account as I was only going to use it for US stocks.
However at the time I didn’t realize just how much my bank fees would add up. Charging me to convert my GBP funds to USD.
I contacted T212 via the in app chat to ask what was the best way to go about getting a GBP account instead, as I know that you can’t convert the currency of a existing account.
I was hoping that It would go something like T212 would create a new duplicate account in GBP then sell my shares in the USD account and deposit the funds at the spot rate into the new account.
Unfortunately I don’t think the assistant fully understood! I was told to create a new account with a different email address in GBP and I could then move the funds myself between the accounts.
I can’t see how this would be done as on the face of it there is nothing linking the two.
So I now have two accounts and been thinking what to do. I’ve been reading a few threads on here that say your not suppose to have two accounts. I’m reluctant to add any money to the new GBP account in case it causes an issue and both my accounts get locked.
Has anyone here got two accounts funded in different currencies and are investing on both?
Maybe if a T212 representative see’s this then can you point me in the right direction, maybe a specific email address. I’ve not had much luck on the app chat and I’m still waiting for a reply to my email that was sent on Tuesday.