Upgrading to the new TR IBAN offers the following benefits:
- Interest on all uninvested cash: There will no longer be a cap, replacing the previous limit of 50,000 €. Interest will accrue daily, be distributed monthly, and be available to both new and existing customers.
- Early access to current account features: These include transferring money to anyone, paying bills, and receiving your salary. This will be rolled out on top of the Trade Republic IBAN in the coming months.
Once activated, your current virtual IBAN will be replaced by the new one.
How do I activate the Trade Republic IBAN?
Existing customers will be notified when they can activate their new Trade Republic IBAN. Just click the provided link to be directed to the app and complete the activation by accepting our updated terms and conditions. You can also activate your Trade Republic IBAN by clicking the banner in the Wealth tab of the app. Once activated, you will receive a confirmation in the app indicating that your new IBAN is now active.
Where can I find my new Trade Republic IBAN?
Your new IBAN will be shown to you by clicking on your avatar in the app, under your Account section.
What happens if I do not activate the Trade Republic IBAN?
Once you are notified that you can activate your Trade Republic IBAN, you will have 30 days to upgrade your account. If you do not upgrade within this period, you will stop receiving interest if it was activated and lose access to upcoming account features.
You can still activate the Trade Republic IBAN in the app at any time after the 30-day window.
Are my funds still protected with my new Trade Republic IBAN?
Yes, your funds are still protected with your new Trade Republic IBAN. To find out more, please take a look at this article.