New trading 212 new transfer fees

🤝 Help
1

Hello what’s the difference between the bank transfer and instant bank transfer?

I’m looking at the new ways to keep things fee free as possible with deposits thanks.

Funding your account via Credit/Debit Cards, Google Pay, Apple Pay, Skrill, iDeal, DotPay GiroPay and Sofort, will remain fee-free until you have deposited £2,000 in total. One the £2,000 limit is reached, a fee of 0,7% will apply thereafter.

*Deposits via bank transfer and instant bank transfer will remain free of charge, however, you should consult with your bank on whether they apply any fees on their side.

2

The difference is in the word instant. Bank transfer can take 3 days or so. Sometimes less, but the time cannot be guaranteed. Instant bank transfer happens pretty much instantly, the same as a credit card deposit or faster payments. The instant bank transfer method works very well in my experience. I have used it with Santander and NatWest. At the moment this can only be used with a UK bank and an account in GBP.

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3

Thanks for the information