Trade Republic Card
Trade Republic · Visa
Data verified on last change the sources
Worth it if you want a Visa card with no monthly fee and 0% FX markup, backed by a German bank with a BaFin licence and €100,000 deposit guarantee.
Avoid it if you want crypto self-custody (it is custodial with full KYC) or count on the Saveback as cashback: it is only 1%, capped at €15/month and requires active savings plans.
Trade Republic is a German bank with a full banking licence (BaFin) that started as a low-cost broker and pairs a Visa debit card with an investment account. The card offers 1% Saveback automatically reinvested into savings plans, while uninvested cash earns a variable rate indexed to ECB rates (in Italy currently around 2-3% per year). It also allows crypto trading, but custodial and with full KYC: assets stay held by the bank, not self-custodied.
Data & conditions
| Account fee | Free |
|---|---|
| Deposit guarantee | EU guarantee €100,000 |
| Multi-currency | EUR |
| Interest on balance | 2% |
| Network | Visa |
| ATM withdrawal | Free |
| Free ATM limit | €1 di commissione per prelievi sotto €100; prelievi gratis sopra €100 |
| Fund custody | Custodial (platform holds funds) |
| KYC | Full |
| Supported countries | EEA · 18+ countries |
| Stocks | Real — you own the security |
| Fractional shares | Yes |
| ETF | Yes |
| Stock and ETF commission | no brokerage commission: €1 of external settlement cost per order (stocks, ETFs and crypto), plus spread and third-party costs; savings plans carry no settlement cost |
| Securities custody | HSBC Deutschland as custodian bank, settlement via Clearstream Frankfurt; crypto held with BitGo Europe GmbH |
| Italian withholding agent | Yes — taxes withheld for you |
| Regulator | BaFin |
| Segment | B2C |
| MiCA / License status | Licenza bancaria tedesca completa (BaFin)Vigilanza Deutsche Bundesbank Full German banking licence issued by BaFin, supervised by the Deutsche Bundesbank; deposits covered by the EU guarantee scheme up to €100,000 per customer. |
Strengths
- German bank with a full BaFin licence and €100k deposit guarantee
- 1% Saveback reinvested + variable interest (ECB-indexed, ~2-3%) on uninvested cash
- Visa card with no monthly fee and 0% FX markup
- No notable sovereignty advantage documented.
Weaknesses
- Custodial crypto with full KYC, no self-custody or on-chain withdrawal
- Saveback is capped (€15/month, requires active savings plans)
- Available only within the European Union / EEA
- Custodial: the platform holds your funds and can freeze or lose them.
- Full KYC required: verified identity, zero pseudonymity.
- Subject to regulation (Full German banking licence issued by BaFin, supervised by the Deutsche Bundesbank; deposits covered by the EU guarantee scheme up to €100,000 per customer.): reporting to authorities and freezes on order.
Verdict
Strong protection: a German bank with a full BaFin licence and EU deposit guarantee up to €100,000, among the most solid in the neobank segment.
Low sovereignty: custodial crypto with full KYC, no self-custody or on-chain withdrawal; assets stay held by the bank.
Promp's editorial rating based on real fees and net annual cost. Promp reviews third-party products independently.
"Sovereignty" rating: score computed on privacy/anonymity (30%), fund control (20%), censorship resistance (20%), trustless/auditability (20%) and costs (10%). Same data, different weights.
FAQ
How does the 1% Saveback work?
Every payment with the Visa card generates 1% automatically reinvested into your savings plans; the benefit is capped at €15 per month and requires investing at least €50 per month in a savings plan.
Is my money on Trade Republic protected?
Yes: Trade Republic holds a full German banking licence (BaFin) and cash is covered by the EU deposit guarantee up to €100,000 per customer.
How much does an order cost on Trade Republic?
Trade Republic charges no brokerage commission: you pay €1 of external settlement cost per order, on stocks and ETFs as well as crypto. The securities account is free with no custody fee; the spread and third-party costs, such as the ETF's management fee, remain on you.
Sources
- Official service page Url ufficiale · Prodotto Data verified on Jun 22, 2026
- support.traderepublic.com Card issuance fee · Commissione azioni · Custodia titoli Data verified on Aug 25, 2026
- assets.traderepublic.com Azioni · Etf · Azioni frazionate · Sostituto imposta it Data verified on Aug 12, 2026
- sweepbase.net Data verified on Jul 11, 2026
Show 5 more sources
- en.wikipedia.org Regulatory framework · Paesi num Data verified on Jun 23, 2026
- investingintheweb.com Paesi num · Italia disponibile · Supported currencies Data verified on Jun 23, 2026
- financefeeds.com Payment network · Saveback Data verified on Jun 22, 2026
- thebanks.eu Issuer · Regulator Data verified on Jun 22, 2026
- todey.xyz Payment network · Saveback · Atm Data verified on Jun 22, 2026
Update history
- Added the investing costs, previously missing. Trade Republic charges no brokerage commission: you pay €1 of external settlement cost per order, on stocks, ETFs and crypto. The securities account is free with no custody fee; securities sit with HSBC Deutschland and settle via Clearstream, crypto with BitGo Europe GmbH. Spreads and third-party costs (for example the ETF's management fee) remain on the customer.
- Card cost clarified: the virtual card is free, the physical Classic card costs a one-off €5 (the Mirror Card €50). Issuance previously showed as free for all.