Trade Republic is a new bank, which combines technology, simplicity and transparency. Accessible through an intuitive mobile application, allows you to manage your money, save and invest from a single interface. With a French Iran of innovative characteristics and an ultra competitive price, Trade Republic is positioned as a real alternative to traditional banks.
Regulated in France by ACPR and AMF, the Bank guarantees a high level of security for deposits and transactions. It is based on a solid infrastructure, with recognized bank partners (Deutsche Bank, HSBC, etc.) to guarantee the conservation of funds. Trade Republic is already adopted by eight million users in Europe, seduced by its clear model and without ornaments.
The current account that brings you back every month
In Trade Republic, even sleeping money makes you save. The de facto bank offers a current 2 % gross current account per year. The interests are paid every month in your balance, without a roof. A unique proposal in the banking market! Here, there is no need for action on your part: every euro that remains in your account produces interest, simply.
And unlike other players who reserve these advantages for pay formulas, remuneration is accessible to all customers, without conditions. Associated with your Republic commercial card, this account can receive your transfers, your salaries and use as the main daily account. Savings are made without problems, without changing their habits, while benefiting from regular performance.
A bank without hidden rates
Trade Republic is attacking one of the black points of the traditional bank: bank costs. On average, a Frenchman spends 225 euros per year only for his bank. Here, this figure falls to zero. There are no costs of opening or account, or monthly subscription or commissions in their daily payments.
The payment card is free in virtual version and is available in a single physical version (5 euros for the classic, 50 euros for the mirror). Withdrawals are unlimited and free worldwide, from 100 euros. Better yet, an additional cost to foreign currency payments is not applied: the banking rate is applied without margin. This clear price policy makes Trade Republic be one of the most competitive establishments in the market.
Saveback and Round-Up: Automated savings
Trade Republic transforms each expense into savings opportunities. Saveback allows you to recover 1 % of the amount of your purchases per card, automatically reinvested in a saving plan for your choice. This refund has a limit of 15 euros per month, but it is effortlessly: you spend and the bank is investing for you.
To this is added the summary option, which consists of automatically rounding your payments to the upper euro. The difference between the real amount and rounding is invested in the same plan. By combining these two options, each purchase becomes the opportunity to contribute to its financial objectives. This intelligent passive savings system allows you to invest regularly, even with small sums. The set is visible in the application, simple to follow and completely configurable. An innovative way to generate solid savings, without changing their habits.
This content was carried out by an expert from the BFMTV purchasing team, regardless of BFMTV.com editorial staff in association with Trade Republic. The indicated prices occur as an indication and they are likely to evolve. BFMTV is likely to receive remuneration when one of our readers proceeds to a purchase through the links integrated in this article.
Source: BFM TV
