Trade Republic
Global fintechDGS €100k protectedBest for: Cash interestBest for: BrokerageBest for: EUR savings
Pros & Cons
Pros
- Deposit protection: DGS €100k (DE)
- Interest on uninvested cash
- commission-light brokerage
- local IBANs per market
Cons
- —
Rating breakdown
Foreigner onboarding67
USD handling33.5
Transfers50
Value & fees78
Licence & deposit protection
DGS €100k protectedDGS €100k (DE)
This is a licensed bank, so eligible deposits are protected by the deposit guarantee scheme (DGS) up to €100,000 per customer. That's a key safety factor when choosing.
- Licence
- Bank · BaFin
- IBAN
- DE, ES
- SEPA Instant
- Send & receive
- Verification of Payee (VoP)
- Rolling out
Deposit & savings rates
Compare all deposits →DGS €100k protected DGS €100k (DE)
| Product | Currency | TAE / APY | Term | Conditions | Source |
|---|---|---|---|---|---|
| Cuenta remunerada (efectivo) | EUR | 3.04% | On demand | Sin nómina, sin límite de saldo, sin requisito de cliente nuevo. Efectivo en la cuenta del bróker. | Sourceas of 2026-06-23 |
| USD yield | USD | 2.25% | On demand | — | — |
Editorial review
Trade Republic is a licensed bank (BaFin), so eligible deposits carry DGS €100k (DE).
It is a global fintech licensed in DE supporting EUR. FX model: EUR-only; no FX on euro spend.
It tends to suit cash interest, brokerage, eur savings.
Fees & terms
- Exchange rate
- EUR-only; no FX on euro spend
- Card cost
- Free virtual; small fee for physical
- USD yield
- 2.25%
- Cashback
- Saveback on card spend into investments
- Currencies
- EUR
- Cards
- Global Physical, Global Virtual
- Transfers
- SEPA in/out, SEPA Instant in/out
- Payments
- Apple Pay, Google Pay
- Licence
- Bank — BaFin
- IBAN
- DE, ES
- Multi-currency account
- Local IBAN per market (e.g. ES, DE)
- SEPA Instant
- Send & receive
- Verification of Payee (VoP)
- Rolling out
- FX model
- EUR-only; no FX on euro spend
- Opening requirements
- No local address needed
- English support
- Yes
- Remote opening
- Yes
- Headquarters
- Germany
Also consider
FAQ
- Is my money protected?
- Yes. Trade Republic holds a full bank licence (BaFin), so eligible deposits are protected by DGS €100k (DE).
- What IBAN and transfers?
- Trade Republic issues a DE/ES IBAN. SEPA Instant: send + receive. Multi-currency: Local IBAN per market (e.g. ES, DE).
- Can I open remotely, in English?
- Opening is remote. English support is available. Requirements: No local address needed.
Data provenance & verification
Every fact is checked against an official source and stamped with a date. We re-check fees quarterly and document requirements twice a year. Fields not yet independently verified are labelled honestly.
Updated: Dataset compiled: