💳 The 212 card spending pot is here!

📰 What's new
1

Now you can organize your cash within your 212 Invest account into two pots:

:money_bag: Main Pot – A place to keep the cash you want to invest and save.
:credit_card: Spending Pot – Move cash here to spend with your 212 card.

:backhand_index_pointing_right: Get your ultimate travel card now: trading212.com/cards

:white_check_mark: No FX fee, true interbank rate - zero spread markups
:white_check_mark: 0.5% cashback on your spending
:white_check_mark: Earn 4.6% AER on your pounds and 3.0% on your euros. Earned daily. Withdraw anytime.
:white_check_mark: Free - no hidden fees, no subscription plans, no tiers

Available with a Trading 212 Invest account. When investing, your capital is at risk. If you enable interest, we will hold your cash in qualifying money market funds and banks. Otherwise, we will hold it only in banks. Interest applies on cash in an investment account. Terms apply. ATM withdrawals are free up to £400/€400 per month, 1% ATM fee applies thereafter. Get up to £20/€23 cashback every month. Other fees may apply.

SpendingPots
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9 Likes
2

With the upcoming mandatory change to main pot and spending pot, does cash accrue interest in both pots?

3

The feature won’t affect the interest on your uninvested cash. It’s calculated based on the total amount in both pots but paid out into your main pot.

2 Likes
4

What was the thought process behind allocating Cashback amounts to the Spending Pot but (Cash) Interest amounts to the Main Pot?

1 Like
5

I use bank transfer to send money to invest account for using with my card. I cannot see a way to transfer money for card and transfer to invest account. I like to be hands off and let the scheduled transfers work.

6

We wanted to keep things straightforward - cashback comes from spending, and the Spending Pot is where you manage those funds.

You can’t deposit funds directly into your spending pot - only transfers from your main pot are allowed. We appreciate the feedback, though and will consider such an option.

2 Likes
7

Does Trading 212 support open banking for the 212 card? Used for example to connect to budgeting apps like Snoop.

9

Not at the moment, I’m afraid.

11

Thank you for the continued improvements!

1 Like
12

That’s a great. I’m going to the eurozone and would like to know if I have to convert pounds to euros to be able to spend on my card.

13

I don’t want it! How do I get it back?

1 Like
14

Great improvement!

Thanks T212 team, as always you deliver! :slight_smile:

1 Like
15

I want to receive dividends on my card. Please return it.

2 Likes
16

Could T212 offer an opt-out option for customers who don’t want to have a separate spending pot?

This will be a particular concern for those travelling who may not have reliable internet access and/or travelling to a country where the app is not available.

Even a time limited opt out, say a week or two at a time would be helpful as it’s not always possible to actually forecast how much you need to spend/when you be faced with a unexpected expense.

8 Likes
17

Why not just transfer all the funds from the main pot to the spending pot?

19

Because the main pot is a budget for investing, and the spending spot is a budget to spend (via the card) and receive cashback on spending.
And you can even decide to route this cashback to a pie.

20

just move 0 € to the spending pot, and issue closed :slight_smile:

21

That’d be my solution as well. Unfortunately it’s not the end of it because now I have to tap the one exclusive pot I’m using to see how much cash I have in different currencies :roll_eyes:

22

Hi everyone! Just wanted to say thanks for the spending pot feature – it’s exactly what I needed! It’s perfect for keeping my emergency fund organized and having an overview of the funds I am able to spend.

One small suggestion: it would be handy to choose which pot to deduct from when purchasing shares, instead of having to transfer money back to the main pot first. But this is just a minor improvement idea—the feature works great as is!