I have a EUR bank account and I recently set up a Trading 212 account in USD (as I expected to be investing mostly in US stocks). It cost me €13 in exchange fees to deposit $800 into my Trading account. My friend set up an account in EUR and obviously had no exchange fee as it was EUR to EUR. It doe…

Or have a middle account, Ie Revolut. Charge with Euro, exchange to USD. Bank wire to T212. Revolut has one of best on market fx rates… Or vote here: [image] Multicurrency account GBP/EUR/USD etc 💡 Feature suggestions & ideas Please add Multicurrency accounts. So we c…

I tried that but unfortunately Revolut would not allow the transaction to be approved. Thank you though

Revolut card cannot be used to charge t212, but you can use Bank wire option from Revolut, which is free and quick… I am using this approach. Debit Bank Card> Revolut - Exchange to USD > Bank wire to T212.

Be prepared for some hefty SWIFT fees from intermediary banks when you transfer USD from T212 to Revolut! With an account in Euro you can use SEPA transfers, which are free. Then you don’t need Revolut (and their requests for pay slips and tax documents).

I don’t plan to take out cash for long long time, so I don’t worry. Anyway T212 is planing to add Debit card, financial type account features. https://community.trading212.com/t/debit-card-to-utilize-our-free-funds-dividends-sold-stocks/6339/2?u=vedran

[image] JanPM: Be prepared for some hefty SWIFT fees from intermediary banks when you transfer USD from T212 to Revolut! I SWIFT-wired several thousand USDs from Revolut to my T212 USD account (USD → USD), Revolut charged 3.60USD SWIFT fee. Reversly, I wired 10 USD from T212 to my Revolut US…

[image] Richard.W: You would probably be better off with a T212 account whose base currency is EUR. The cost of exchanging EUR to USD on T212 is small. While I agree the cost of exchanging EUR to USD on T212 might be small, one caveat of this approach is that you immediately have to convert i…

T212 won’t be the ones charging you, it would be the intermediaries and banks that do. what’s worth noting is that transfers receive different treatment depending on how large they are, so while it was free at £10, this may not hold true for £100 or £1000 et cetera. when I last did large bank tran…

USD or EUR account

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Richard.W May 11, 2020, 3:45pm 2

That is a large fee. You would probably be better off with a T212 account whose base currency is EUR. The cost of exchanging EUR to USD on T212 is small. I suggest you read

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USD or EUR account

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