I can not find the answer, so I am posting on here.
If my Invest Account holds Euros and when I am abroad, I need to withdraw cash using an ATM, will Trading212 charge a transaction fee to withdraw cash?
I appreciate there may be a charge by the ATM company to use their machine.
But what will Trading212 charge if anything?
Thank you.
I think I just found the answer, £400 a month is free, but a charge thereafter.
Is this correct?
Yes that’s correct. The ATM may charge a fee of their own but it will be shown on the screen.
Also if you withdraw in another currency, there will be 0.15% FX fee.
Quick query if anyone happens to know the answer: if I have USD, GBP and EUR in my account and I make a purchase will it automatically come off that currency negating the need for further forex conversion?
Yes. It will use the currency if you hold it in your account.
Awesome, thanks for quick confirmation – you’re a star.
I’ve had a similar question before. Just a heads-up, Trading212 isn’t set up for cash withdrawals directly from an ATM since it’s more of an investing platform. If you want cash, you’ll need to transfer your funds to a regular bank account first. I’ve done that, and it was pretty straightforward. Just keep in mind that while Trading212 itself won’t charge you for that transfer, the ATM might have fees, and your bank could too.