Can this be made through portfolio transfer ? Thank you.
Sorry, just to be clear, your EU residents onboarded in the T212 UK entity/platform a couple years ago aren’t able to have T212 card??
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If yes, there isn’t official explanation related to this. It’s needed some legal terms, not just an informal sentence in a forum.
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If yes, can T212 explain the procedure for its EU customers (veteran customers) that are in the UK entity to be eligible to the T212 card? Specially without costs (including tax events due to selling stocks/ETFs) and without much disruption?
For me, these small pieces of explanations (somewhere in middle of a forum) are a bit shocking and it’s lacking transparency. It also creates a feeling of injustice, as we EU investors present in the T212 UK entity, are veteran T212 customers and we supported T212 for years when T212 were just starting to give its first steps into being one of the largest brokers in Europe.
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Just to remember T212, what T212 said related to EU customers and T212 card in February 13, 2024, when officially launched the T212 Card:
→ So where we, EU customers in T212 UK entity, stand?
Should we go to the several Social networks ask this kind of explanations? I suppose, it could damage the T212 reputation.
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Can you move us automatically? I don’t want to close and re-open my account.
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I am thinking to create a new account to the Cyprus entity and after that ask for a portfolio transfer through contacting them, since 212 does not appear in our options of portfolio transfer.
The thing is, I don’t know if this is even allowed, but my guess is it is since there are 2 separate legal entities.
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Hey
What is the status about adding Open Banking support for Trading 212 card account?
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In the web version, how can we know if our account is registered in UK or Cyprus ?
Check the contract docs in the Documents section.
I completely understand your concerns, @RLX, and you’re absolutely right to raise them. This is not the outcome we had hoped for regarding our clients who originally signed up through the UK entity.
We held off on communicating this earlier because we were actively exploring ways to offer the card to clients in your position. Unfortunately, at this stage, the only available option is to close your current account and open a new one under our EU entity.
We will continue to look for ways to provide this service without the additional hassle involved, though we can’t make any promises at this time.
We’re currently focused on the full EU rollout, so there are no updates on Open Banking support. I’ll let you know as soon as there’s news.
Menu → Documents → Invest Terms
The entity is written at the top right corner of the document.
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I hope you find a solution! I will wait for it.
In Europe? if yes what country please 
I received the email and was able to setup cards in the app! Italy
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Is a portfolio transfer possible, instead of closing the account?
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Unfortunately, not possible at this time.
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So to clarify, since I am an EU resident but that I am enlisted in the UK entity, I will have to sell my stocks transfer the money back to my bank then create a new T212 account and buy the same stocks again.
Is there an easier way to do it ? Can I have two accounts one in the UK and then create a second one under EU and build new positions there ?
See this post I created: Migrate EU customers from UK to EU entity - #7 by Bogi.H
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Thank you for clarifying this.
After some thought, if I have to close my account to able to get the T212 card, I rather prefer abdicate the T212 Card. I will loose more money with that than any money I could earn with T212 Card. Fortunately there are other cards…
As a possible way to solve this. For example, Revolut had several entities, and offers services through specialized entities, all using the same Brand name. Such as:
Bank
Entity A in UK for UK customers
Entity B in EU country for EU customers
Broker - Shares/ETFs
Entity C in UK for UK customers
Entity D in EU country for EU customers
Broker - Crypto
Entity E in UK for UK customers
Entity F in EU country for EU customers
→ Could T212 create specialized entities for the payments/card, with 1 entity for UK residents and another 1 for EU residents? And this way, we could be in T212 UK (Broker) and in a new T212 “EU Payments” (Payments/card).
As normally the financial institutions have several types of licenses (bank/broker/EMI/etc) for each entity according to their role.
It could solve this problem internally and with the regulators. Besides it help also T212 to ring-fence and segregate this new business line. I would imagine that the payments/card segment would bring a lot more headaches, specially due to regulation, AML/KYC. 
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What if folk transferred out then back in?
This would again involve closing the account and opening a new one under the EU entity.
This process with the card, makes me wonder about if I must continue investing in T212, just because the future could be worst for the EU customers in T212 UK entity. Should I stop invest in T212 (and go to other broker)? 
Why continue investing in T212, if in future, T212 could penalize me due to be in T212 UK?
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