Revolut Launches UK Bank | Revolut United Kingdom https://share.google/3C6U2XOp6w5CJTp5P
I haven’t got a T212 card (mainly because I normally stick with just two on a regular basis) I use a Halifax clarity credit card for foreign spending (THB MYR) and where I want credit card protection - it’s my only credit card, I would love a € one, but can’t find one in France (had a Zero based in Luxembourg but they recently withdrew from France).
I also pay a yearly fee for N26 because it gives me €10k holiday insurance (€5k is the norm).
Have you tried depositing/funding some € into your UK T212 as a test?
BCCI comes to mind
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I can deposit and withdraw GBP or EUR at will - I have the T212 global EUR account set up in Wise and can make immediate immediate (at the moment) withdrawals to Wise and Revolut as with GBP to the UK bank.
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Thank-you, I haven’t managed to find how to fund £ into my euro account - yet!
Ah, for deposit, when you tap GBP and then ‘deposit’ do you get bank account details after your payment reference - IBAN, UK sort code, account no. ?
This is what I found on T212 help - multi currency deposits. I’d be grateful if you’d be able to let me know if it seems to work for the T212 EUR primary currency account. Thanks!
How do I add money with a bank transfer?
Go to the “Deposit funds” section in your Trading 212 account, select “Bank transfer”, and use the provided details to initiate a transfer. Keep in mind the following:
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The bank transfer must come from your personal bank account. Bank transfers from business accounts or a third party are not accepted;
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Always include your account number as a payment reference;
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Deposits can be made in any currency supported by the multi-currency feature. Some banks may return deposits in a different currency due to bank processing. If you need more clarity on this situation, please contact our team.
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You may need to declare you’re depositing to a business.
Transfer processing can take up to 3 business days, depending on location and currency. The time starts counting after the transfer has been sent. Most transfers are not processed during weekends or bank holidays.
Hi - so I can deposit £ (into my EU based 212) they give an account number to hold the £ ……. The big however is that on £500 Lloyds (UK account) want to charge me £9.5. Wise from a £ jar want to charge £4.45!
It appears using T212 for FX is a one way street I can use my EU based account to covert € to £, you can use your UK based account £ to €……
Weird, and obviously absolutely useless. Is the sterling account number for EU based T212 which you have a UK bank account - UK sort code, account number ? And denominated in GBP ? (Currency = GBP - as per my screenshot).
It sounds like the bank and Wise is exchanging the pounds to euro’s?
I’m also with the Lloyds group and no charges - but then it’s going through open banking.
It appears to me, if you have a EU T212, funds are held in Germany € or £, so to fund your £ account it’s an international transfer, hence the fees. I guess the vice versa is true, a UK T212 holds holds £ or € in the UK - you can prove it to yourself, try and add some € to your T212 - learn something new every day!
Yes I have indeed sent euro’s from UK Wise to T212 ! No charges. The T212 euro account is in Germany, and the GBP T212 account is in UK as screenshotted above. So for my UK T212 two different countries, UK for GBP, Germany for EUR.
Here’s an example from wise -
Note - I am sending EUR from UK wise (a Belgian account with my name) - to the German EUR T212 account, not GBP from wise to a euro account - so no exchange from GBP to EUR made.
You are definitely sure you would be sending from a UK wise GBP account to a T212 GBP account - just can’t see why the euro T212 version would have their GBP account in Germany?
And of course, many thanks for looking into all of this for me from the European T212 incarnation side for me - much appreciated!
edit - I get the feeling it’s just you and me on the forum that use T212 !
Have read the entire topic and still non the wiser what t212 is but hay ho.
What I do now know is our euro to sterling exchange last December via Lumon following completion of our house sale and return to the UK gave us many more pounds than the same transaction would do today.
Being in the right place at the right time is pot luck as I have found with many exchange transactions during our 18 years in France, usually to find the next day that a better rate could be had.
On the one occasion we really did need to get it right it seems we hit the jackpot.
The best Sterling to euro we ever got when buying one of tge 4 houses we had during our time in France was 1.62 euros to the pound, happy days indeed.
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In the T212 deposit funds section I have a choice of currencies, €$£ - CADCHF ad infinitum, pick € I am taken to a screen with an iban
€ - DE95501108006231432383
$ - DE06501108006231432433
£ - DE50501108006231432417
I’m think you have a multi currency account and perhaps I don’t - I’m going to look at it harder - today a big day the end of three months of Carnival, won’t be in a fit state today or tomorrow (likely)
Yes I would say mine is definitely multi currency - it looks just like the example picture below from the T212 multi currency page.
I have an idea - in my T212 account I’m looking at the example screen under the Invest tab - called invest account. There are other account tabs - I can go to a screen to open a ‘new account’ - cash isa, stocks isa CFD. I think one has to have an ‘Invest’ account for the multi currency feature.
Maybe you have a savings type account? And can open an invest account?
I have nothing like that I have “INVEST” and next to that a blank space with a + (does nothing) and below those two, open a CFD account (which I haven’t, maybe that the point of difference?)
Sounds like you have the invest account. On the Home Screen I have INVEST at the top with an down arrow, pressing takes me to a screen with INVEST and the total value below in a blue box, I have the + next to it which as you say doesn’t do anything and the CFD below - you will not want that it’s a leveraged trading account. (unless you are into leveraged trading of course - it’s ‘high risk’). The ISA’s you won’t see as they are a UK thing.
On the ‘pie’ section, first along from the home icon, I have INVEST at the top, then a graph then main pot and deposit button. Pressing deposit takes me straight to a deposit funds with the amount in £. And the enabled UK bank account below. (That’s for true layer - open banking).
However pressing main pot on the left of deposit brings up the screen like the example above, with GBP, EUR and USD, then shown all below, with the amounts held displayed on the right
I press GBP and displays the UK bank account detail I posted before .
I press Euro and it shows a German IBAN (JP Morgan SE - Frankfurt)
I press USD and it shows a UK IBAN (JP Morgan).
Wonder, are you perhaps pressing deposit on the right of main pot taking you to the euro deposit screen, and if so, try pressing main pot area first?
Chatted to someone at T212, i have an EU T212 account and therefore I only have the correct DE IBANS, so for me to add £ it’s an international transfer. It appears your UK T212 has a GB iban for £ and a DE iban for € - all the other functionality is the same , effectively makes the UK T212 great for FX and the EU site useless for FX
T212 quote “The difference in IBANs for GBP and EUR deposits between the UK and EU entities is due to regulatory and banking structures in each region. While both entities offer free deposits in their respective base currencies, the specific bank account details provided will differ based on your country of residence and the entity you are registered with.”
Many thanks for checking that out. Well, that seems to put the kibosh on switching to the EUR 212 to get an extra 0.8% on EUR deposits. (0.64 after tax). I’ll do some arithmetic, but without T212 exchange it only leaves a Revolut paid plan or Wise. Or the brokers. Starling is still more expensive for exchange than Wise I think. And spending GBP with T212’s debit card is fee free exchange, with cash back on top - not that cash back at their great rate is likely to last for ever.
If only I (we?) can think of a way to get GBP into that German account with no transfer fees..
Again, thanks Noelable, and cheers.
Goodness, reading this thread makes me (almost) glad that I don’t have enough money to fret about exchange rates. 
Our Pensions are paid directly into our French Bank accounts and we simply “make do” with whatever sum actually arrives on the day.
I appreciate that for folk dealing in large sums, the rate can make a great difference but, phew, I think it would do my head in… 
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