I would love to use this card, especially as Chase is winding down their cash back programme. The biggest thing stopping me is the ability to track my transactions in Moneyhub. Please work on this so I can use this for my daily transactions!
1 Like
A completely unnecessary complication. Previously, dividends could be spent directly with a card. Now we are forced to transfer each dividend from one package to another. How annoying! By the way, the free funds are listed at the bottom of the home page. However, these cannot be invested in their entirety because they are the sum of both packages. Confused, ill-conceived!
9 Likes
I like it. Thx
Its encouraged me to use the card as it is now easier to keep current spending separate from investing spending.
My day one experience of cashback is not great though. I have only received cashback from one of the three expected transactions. All appear to be eligible transactions to me.
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Totally agree with ivan_cz observation that it introduces completely unnecessary complicationSSSS. Should be an OPTION not mandatory which makes me believe introduced for fiscal reasons. If it was so in demand show a user poll.
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As the T212 card will only debit from the spending pot which will be mandatory end of this month I have some questions:-
if my spending pot is all in £ (I live in the UK), and i go to a supermarket in france and want to use the card to debit euros, can I still do that even if I have no euros cash in my spending pot? but i have plenty in my £ spending pot?
if no, then I guess there is an FX fee to transfer £ from £ spending pot to go into the euros spending pot? currently there is no FX fee.
Hi Momchil. This compulsory feature is really negatively going to affect my use of T212. When I last checked one could only top-up the spending pot forcing the debit card to be in a single currency. Before the existing features are disabled please please please enable two way funds transfer so the debit card flexibly with different currencies remains or have I missed something?
@jbms, If you don’t have enough funds in the currency of your payment, the conversion will happen automatically at the same rate without an FX fee.
On a side note, thank you everyone for sharing your feedback. We appreciate it. 
Completely agree too. Seems like someone at T212 wants a promotion or justify their position so have created a 2 tier system which was not required or possibly even requested by customers.
Last thing I want to do is faff about moving funds around when in one account already.
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Respectfully, for what it’s worth I disagree, and instead agree with Trading212’s approach.
Logically I want my budgeted expenditure separate from my savings/investments in my GIA. It follows that therefore interest and dividends should also be separate from my spending pot in my GIA. I like this, I just want them to make it more seamless to transfer cash between the 2 or give us the ability to set up rules to sweep cash.
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good to hear as it was confusing as the email I got from you said: " * To use the 212 card, transfer cash in your preferred currency from the main pot to the spending pot.
- Only the cash in your spending pot will be available for 212 card transactions."
“Preferred currency” implied that you had to convert currency beforehand to use a different currency (and potentially avoid FX fees), but glad that’s not the case.
It’s a horrible feature. Please make it more user-friendly in a way where we don’t have to keep transferring to the spending pot when we transfer to the account. Very tedious process!
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Is it possible to deactivate the spending pot? I accidentally activated it and now I have to transfer money all the time to make sure that the spending pot is filled.
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Even it it possible to deactivate the spending pot there would be little point as it will become a mandatory feature quite soon.
This feature is asinine. It makes every single interaction with the T212 much worse.
You just forced me into keeping track of FOUR or more accounts, for no reason at all. (I keep a USD and GBP balance)
Now I have to move money around ALL THE TIME no matter what I need to do.
I hate this. Take it away. I wasn’t going to look for a new trading platform for the new tax year, but this is so awful that I will check out competitors. My girlfriend was also going to switch to T212 for the next tax year, but now I’m not so sure that’s a good idea.
This “feature” makes everything worse and has zero redeeming qualities.
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But then you can’t spend. This feature is lose-lose.
Most trading platforms do not offer any bank cards, this is just an extra feature, with now a more secure safety system. Please stop complaining.
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Depends how you look at it.
But that spending pot is security feature to prevent excess funds be available for card transactions, imagine having 100 k or more in cash available, would you like all of it being exposed to the card?
I personally wouldn’t, I don’t mind extra step in order for me to have separate card funds which give extra sleep well at night effect.
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I suggest that this feature be optional. Not mandatory.
Why should we stop complaining? Are you trying to silence us?
If you have multiple currencies in the main pot, do you also have multiple currencies in the spending pot?