Trade Republic Card
Trade Republic · Visa
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 2% 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 |
| 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 + 2% per year 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.
Sources
- Official service page Payment network · Saveback · Atm Data verified on Jun 22, 2026
- Official service page Url ufficiale · Prodotto Data verified on Jun 22, 2026
- 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
Show 2 more sources
- financefeeds.com Payment network · Saveback Data verified on Jun 22, 2026
- thebanks.eu Issuer · Regulator Data verified on Jun 22, 2026