💳 Introducing the 212 Card

[TInvest]

So what is the latest with the card then? No FX fee, and cashback which is reducing from 1.5% to 0.5% soon.

Is it easy to set up on Google pay? Is there still a fee for a physical card? Is there still trouble with it being recognised as a commercial card?

Edit: that all sounds negative, didn’t mean to. The card itself sounds fantastic, just trying to work out how it works.

[Bogi.H]

@TInvest

Is it easy to set up on Google pay?

Yes, all you need to do is follow the steps below:

1. Go to the Cards menu.
2. Select the card you wish to add to Google Pay.
3. Press Add to GPay.

4. Follow the steps in your GPay to add the card.

@TInvest

Is there still a fee for a physical card?

There is a one-time fee for issuing a physical card. It is taken from your account’s free funds and you can check the exact cost for your region before ordering the card.

@TInvest

Is there still trouble with it being recognised as a commercial card?

That has been fixed.

[AnoBen]

I have the same problem as ATMs are not accepting my card in Morocco. Very disappointed as the main reason I got the card is to withdraw when travelling. @KrisG could you please help with this?

[Bogi.H]

The 212 Card can only be used with contactless ATM machines. You won’t be able to withdraw funds by inserting your card into the ATM due to the lack of magnetic stripe.

[Dougal1984]

I’ve found the same sadly with Starling, can’t use it in the Casino.

Need to keep an account with an older
Bricks and mortar branch

[AnoBen]

What’s the reason why 212 cards don’t have a magnetic stripe?

[untoastedToast]

It was already explained in an earlier post by KrisG, see here:

Introducing the 212 Card

The limits are reset at the beginning of each month Yes, it’s due to the lack of magnetic stripe. Our focus with the T212 card is keeping your funds as safe as possible. That’s why we decided to remove the least secure element on our cards—the magnetic stripe. The magnetic stripe on a debit card contains sensitive information such as the cardholder’s account number, expiration date, and sometimes even the cardholder’s name. However, it’s considered less secure compared to newer tech…

[Juan]

Is the T212 card available in Switzerland? I did not find an option to order one.

[Momchil.G]

The card is not available in Switzerland for the time being. We’ll notify the community if that changes in the future

[tommy_makarony]

There are newer cash machines which do not require magnetic stripe, but they are not very common or are expensive to use . Unfortunately, t212 card is mostly useless for using ATMs

[BAugaitis1999]

I get it that this card is mainly for purchase, so for now it’s impossible to deposit cold hard cash straight to trading212 account via any ATM using that 212 card due to no banking license, but are there any plans for the future to implement such feature?

[Veselin.V]

This isn’t in our plans right now, but we’ll let you know if we decide to explore it later.