Bank transfers are now even easier!
We’re excited to introduce a new way to deposit funds into your Trading212 account – instant bank transfer.
Instant bank transfer is a new type of payment, powered by open banking. It involves moving funds from one bank account to another without using a third-party payment network.
It’s easier than traditional bank transfers and your funds arrive within seconds.
What is open banking?
Open banking became UK law in 2018. It requires banks to give access to your financial data, with your consent. Its goal is to give you more transparency and control over your money.
It enables you to securely connect to your bank and authorise an instant bank transfer to your Trading 212 account.
Is it secure?
Yes. We partnered with TrueLayer, an FCA approved provider, to securely connect to your bank and process your payment.
With instant bank transfer, we authenticate the payment with your bank using a secure, read-only connection. You benefit from bank-level security and your login credentials are never shared with anyone.
How does it work?
Select Instant Bank Transfer
Choose the amount you want to deposit:
Make sure your bank account is supported. We can accept:
- personal or joint (not business) bank accounts
- bank account holder name must match T212 account holder name
- we currently support UK GBP bank accounts. EUR support is coming for Germany later this year. More EU countries will be supported next year
Next step is to allow Trading 212 to access your bank details, and then select your bank.
You’ll be taken to your bank app to authorise the payment.