I agree and it is disappointing that T212 has not addressed your point. I will take it further in a more thorough query but for now what happens when you get your returned deposits in the local foreign currency while on holiday. It could easily be amount to the equivalent of £1000s of pounds from car, accommodation and equipment spread over over months.
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Hi. In what way is it more safe? It creates a situation where deposits will be returned in different amounts from when they were provided due to currency fluctuations. It’s already challenging enough when the card is “accidentally” processed by the trader in the wrong currency leading to FX being applied, one only able to find out later. Now the refund will be a different amount. There are already payment amount restrictions so what’s better?
What about just adding a card spending limit instead of this cumbersome spending pot?
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For me there are restrictions of £1000 a day which have been a mixed blessing but I can work with and are much better than no restrictions imo. I tried raising the limit but was told it was the same for everybody so if other experiences are different let us know. If raising the limit is at the cost of the extremely useful flexibility without the spending pot, drop the pot! To put in this in context as I understand it you can only have a single currency in the spending pot at any time and any returned currency from a deposit when the spending pot currency is changed uses the MasterCard exchange rate service, not T212, to convert into the spending pot currency.
Is it possible to provide an auto payment option, to move £ or $ from main pot each month. I’m too lazy to move money manually and I could been in trouble paying if I do not have internet connection on holiday to move the money.
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You can set daily/monthly withdraw limits on the card.
This is possible already.
@Robischek, that’s right. The same way you have multiple currencies in the main pot, you can have them in the spending pot, too.
Edit: Already on the way, @nickand 
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Can you make an option to completely disable it so we aren’t continually bombarded with messages and ads about it.
I’m not interested in getting a card.
Daily spend limit is 9k, monthly max is 54k.
But also: Make it optional, then. Would you like it if your bank forced you to open 6 accounts, and spread your money around?
If I’m holding 100k in cash for a nontrivial amount of time, then I’d put it in T26 instead of earning taxable interest.
Banks force you to have current account and savings account, because they’re trying to screw you out of high interest and convenient spending both in one account.
But Trading212 isn’t even trying to screw us! They’re just making their accounts crap for no reason.
We’re customers. They made every single interaction with T212 terrible. How do we let T212 know that they broke everything, if not by complaining?
Yes, but (as I found) if you have USD in your main pot but not your spending pot, it’ll spend GBP in your spending pot, converting it into USD, incurring needless currency exchange fees.
Every time this happens, it means not only the spend got a fee, but later on the customer will need to pay FX fee again for the (now) unspent USD. This means that Trading212 is tricking you into spending 0.3% on foreign currency transaction fees.
So maybe I’m wrong. Maybe this “feature” is Trading212 intentionally screwing us on fees, not merely accidentally screwing us on fees.
Yes, Trading212 has already screwed me out of 0.3% in transaction fees. They force-enabled this thing on me while I was traveling, jetlagged, late, and with poor internet. All my payments failed, and then when I got Trading212 to load, the interface is now showing literally twice as many accounts, so I foolishly only moved GBP over to the spending pot.
So congratulations, Trading212. You successfully screwed me with needless FX fees. Well done. I fell into your trap. I’m sure many others will be screwed too, so this will bring great revenue for you. A tax on those in too much of a hurry / poor internet coverage / already late because you broke payments.
Will this information be in the beta API?
How exactly are you being screwed over?
Card transactions are exempt from FX fee.
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Fantastic - it’s perfect for me. Thanks so much for this.
Another reason this split pot thing is user hostile is that one cannot even just move all monies into the spending pot, to have one account per currency, because interest keeps dropping into the main pot.
So what, every single G-D day I’m supposed to log in and move money over, one operation per currency?
You really didn’t even remotely think this through.
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As for currency conversion fees (my reply is pending, so maybe I can edit this post to include that reply too?):
I explained this already in the post above, but I’ll try again:
First of all, Trading212 support told me that there is a currency conversion fee when spending GBP as non-GBP
From my ticket with them:
The FX fee is applied whenever currency conversion is made. If you spend funds in USD and they are taken from your GBP, there is indeed a currency conversion.
But even if that were not the case, I’m still being screwed. Just not twice, but still once.
I moved USD into T212. I will spend some as USD, and I will convert the rest to GBP.
Every time T212 screws me by spending GBP as USD, that’s one more conversion from USD to GBP that I’ll have to do. Which has a fee.
First of all, Trading212 support told me that there is a currency conversion fee when spending GBP as non-GBP
From my ticket with them:
The FX fee is applied whenever currency conversion is made. If you spend funds in USD and they are taken from your GBP, there is indeed a currency conversion.
But even if that were not the case, I’m still being screwed. Just not twice, but still once.
I moved USD into T212. I will spend some as USD, and I will convert the rest to GBP.
Every time T212 screws me by spending GBP as USD, that’s one more conversion from USD to GBP that I’ll have to do.
First of all, Trading212 support told me that there is a currency conversion fee when spending GBP as non-GBP
This is no longer valid since December 2024.
FX fee is not being applied to card transactions during which a currency conversion occurs.
It’s mentioned in the first post of this thread, it was also asked (and answered) in this thread, it was announced in a dedicated thread here: 💳 Goodbye FX fee and it’s been plastered on pretty much every T212 card related announcement/page since.
.. one cannot even just move all monies into the spending pot, to have one account per currency, because interest keeps dropping into the main pot
Why can’t you? Just have everything in your spending pot and move the interest over like once per month.
It’s not like the ~0,35% of your total balance that you get in interest every month makes much difference in terms of increasing your spending capabilities anyway.
I get that you (and others) don’t like this feature, on the other hand there are people that have asked for this and like to have it.
I’m sure T212 welcomes feedback and constructive criticism, so I’d say instead of emotional outbursts and entitled whining, try posting suggestions on how it can be changed and improved to make it work for you while not making it worse or completely taking it away from others.
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[FX fees for spending] is no longer valid since December 2024.
I’m not saying you’re wrong, but what I quoted came from Trading212 support on 9th March 2025. 11 days ago. They may be wrong.
But don’t blame me for considering believing direct statements from Trading212 support. In any case, the needless fees are merely halved, not avoided.
Just have everything in your spending pot and move the interest over like once per month.
Also, dividends go to the main pot, right? So what if I want to spend that grand that just dropped? More work. Look for it in USD or GBP in the main pot, to transfer it in on demand.
Again, this asinine feature is giving me a bunch of needless busywork.
It’s not like the ~0,35% of your total balance that you get in interest every month makes much difference in terms of increasing your spending capabilities anyway.
The thousands a year that drop in dividends matters, though. And also, it’s YET ANOTHER set of accounts to inventory all the damn time, even if the amount this time is small. Because how do you know it’s small, if you don’t do the extra clicks.
I get that you (and others) don’t like this feature, on the other hand there are people that have asked for this and like to have it.
I accept that some people for illogical reasons want this. But since I do have spending self control, I feel like I’m being punished for other people’s failures.
I’m sure T212 welcomes feedback and constructive criticism, so I’d say instead of emotional outbursts and entitled whining, try posting suggestions on how it can be changed and improved to make it work for you while not making it worse or completely taking it away from others.
I have. Both in this thread and when Trading212 first announced it as an upcoming feature. I begged them to allow me to opt out, as soon as they said they were inflicting this on us.
HSBC doesn’t force me to open 6 accounts. It’s not exactly rocket surgery for Trading212 to not force me to do it either.
Also in this thread other people have asked Trading212 to allow turning this BS off. From all this I’ve not seen any indication that Trading212 is listening.
Another thing that’s super annoying is that it seems top-ups go to the main pot. So now depositing USD means:
- Send USD
- Wait ~3h for an email from T212 saying the money arrived.
- Log in, just to move the money from the BS pot to the Spending pot. again.
The amount of energy you spent on this topic is enough energy for you to manage the pots for few years… 
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