Personal Finance

5028 readers

3 users here now

Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. Join our community, read the PF Wiki, and get on top of your finances!

Note: This community is not region centric, so if you are posting anything specific to a certain region, kindly specify that in the title (something like [USA], [EU], [AUS] etc.)

founded 2 years ago

MODERATORS

WandererLagomorph799@lemmy.ml

nieceandtows@programming.dev

nieceandtows@lemmy.ml

Thoughts on Trade Republic? Is it Trust worthy as a Main Savings/Payment Account? (lemmy.blahaj.zone)

submitted 4 days ago by Mr_Mofu@lemmy.blahaj.zone to c/personalfinance@lemmy.ml

1 comments fedilink hide all child comments

I've gone on a Vacation with some Friends recently and one of them was going on and on about how I should go get myself a Trade Republic account for General Payment and savings, Singing its Praises along the way.

The, what was Basically a Sales Pitch, came down to the Points that you'd get 2% Monthly on any Money you saved on that Account... but also, you'd get 1% back on any purchase, no matter what.

To be quite Frankly, this sounds too good to be True. And If something sounds too good, it probably is. So I'm rather a bit cautious here and wanted to ask your Folks Thoughts on Trade Republic?

Now, another reason that I'm cautious is that I could sweaaaar that I've heard thier name involved in some Crypto Scam a while back. I feel that I may just be plain wrong with that however...?

top 1 comments

sorted by: hot top controversial new old

[–] tja@sh.itjust.works 3 points 4 days ago* (last edited 4 days ago)

It feels very much to me that they want to monetize their users a lot under any circumstances. There are a lot of ads in their app for all their services.

They already started with the enshittification of their app and it feels like they have a lot more planned.

If you think this does not bother you it can be a good app. I don't think I ever heard anything about them being involved with a crypto scam. They are a real bank afaik and fall under bafin regulations.