It’s not impacting your investing options is it?
I’m a bit afraid, if I could be forced to close my account in T212 UK in the future due to other unforeseen circunstances, it would bring me a huge tax bill in just one fiscal year (the EU residents don’t have free allowance on capital gains and dividends like UK residents 
).
I’m starting to think to stop put more money in T212 and go to other brokers, and perhaps transferring in-specie my T212 portfolio to other broker(s).
Btw, a well-known German digital bank announced today their new stocks and ETFs investing feature in several EU countries. (I have already their debit card with cashback.) Besides, a newcomer German bank with stocks, ETFs and Bonds and also a debit card with saveback in an investment plan. Both German banks also have interest in cash.
PS: I’m feeling a bit disappointed with this situation.
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Once upon a time it was discussed…
Not sure what cause the process to stop however, maybe good thing to ask? 
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I understand your frustration, as like you, being european, I invested several years in my (UK) TR212 account, and now reading that we cannot receive a card…
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Inspecie out would solve that, so one less worry 
I just closed my UK account and opened a new EU one, and I can finally see the Debit card tab.
It says that I’m still in the waitlist. Any chance to enable my account for the card faster as I’m traveling in less than 2 weeks and it will be great to use it.
Thanks!
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Did you sold all your portfolio? And transferred back all that money to your bank account? After that you must transfer the money to the T212 EU entity?
Luckily I didn’t have any open positions at the moment, so this wasn’t an issue.
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I’ve got a card in mail today. Tried in the shop. It works.
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Have been on waiting list since April, and just now got a chance to order it.
Vedrane plaćam kavu njome ako si za !? 
Hello, sorry if i missed the information, can we choose the currency with which we pay with the card? Or if I go abroad is it automatic? Thanks
Hey, @Egx 
If you have enough free funds, your purchase will go through automatically in the currency of the transaction. If you don’t have enough free funds in the specific currency, the system will instead convert funds from your highest balance and the transaction will be successful again.
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Hey! Ok Thank you, it’s very clear 
Same in my app …they might as well make it 1.5% forever 
…0.5% is not going to be competitive enough to other cards and will suck going to 0.5% after getting used to 1.5%.
It’s still competitive, even without any cashback, for travelers or people shopping online in different currencies because of no-limit FX conversion for 0.15% fee which is actually better than Revolut.
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Another penalised EU resident with an account in the UK entity here. Has anyone tried transferring their portfolio to another broker, closed their account, opened a new one in the EU entity and then transferred the portfolio back?
I wonder why T212 does not allow transferring portfolios between their own entities.
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Hello team, do I have to enable the card in a certain way or it is active already?
It just arrived today.
I see a couple of disruptions:
-
It takes time
-
Losses on interest on uninvested cash
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Fractional shares of stocks and ETFs must be sold, as the other brokers don’t accept fractional shares → Tax events, possible capital loss making, cost of opportunity
-
The other brokers could not have all the stocks and ETFs you have invested in T212 → Possible sales → Tax events, possible capital loss making, cost of opportunity
-
The other brokers could charge fees for transferring
Besides all the administrative hustles.
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I agree it wouldn’t be ideal, but I’m coming from a place of minimising losses. Being able to spend directly from the T212 account enables one to keep all the money there, accruing interest, which would be better on the long run.
So from all the points you brought up only #3 and #4 are relevant in my point of view. Still pretty considerable points. I guess I’ll leave things as they are for now.