scareddofthedecline
New member
Hello,
Thanks for contacting us about the ways your money is protected.
As an investment firm, we’re not in the deposit-taking business. Instead, we hold your funds in a collective trust account at one of our partner banks: Solaris SE, Citibank Europe plc, Deutsche Bank AG or J.P. Morgan SE. Each partner bank offers deposit protection:
Deposits at Solaris SE, Deutsche Bank AG and J.P. Morgan SE are protected by the German Deposit Guarantee Scheme.
Deposits at Citibank Europe plc are protected by the Irish Deposit Guarantee Scheme.
We have an automated process in place to decide which banking partner stores each customer’s funds. Please keep in mind that, because this is an automated process, it’s not possible to manually switch partner banks.
Regardless of which partner bank holds your funds, here are a few ways your money is protected:
Both Deposit Guarantee Schemes (DGS) protect up to 100.000 EUR per investor, per bank.
Because your money is held in escrow accounts, it's kept separate from Trade Republic's assets.
We only use the funds within the framework of our Customer Agreement with you, namely for providing financial services.
In addition, Trade Republic is a member of the Compensatory Fund of Securities Trading Companies (EdW). This means that, not only are deposits guaranteed, we’re also legally required to protect any liabilities arising from securities transactions. For further information, read about Security and Protection on our website.
You can always find your cash account information, including which partner bank holds your funds, in the app: go to your Profile > Settings > Accounts & securities > Cash account.
If you still have questions, please don’t hesitate to contact me or feel free to take a look around our Help Center.
Have a nice day!
Best regards
Thanks for contacting us about the ways your money is protected.
As an investment firm, we’re not in the deposit-taking business. Instead, we hold your funds in a collective trust account at one of our partner banks: Solaris SE, Citibank Europe plc, Deutsche Bank AG or J.P. Morgan SE. Each partner bank offers deposit protection:
Deposits at Solaris SE, Deutsche Bank AG and J.P. Morgan SE are protected by the German Deposit Guarantee Scheme.
Deposits at Citibank Europe plc are protected by the Irish Deposit Guarantee Scheme.
We have an automated process in place to decide which banking partner stores each customer’s funds. Please keep in mind that, because this is an automated process, it’s not possible to manually switch partner banks.
Regardless of which partner bank holds your funds, here are a few ways your money is protected:
Both Deposit Guarantee Schemes (DGS) protect up to 100.000 EUR per investor, per bank.
Because your money is held in escrow accounts, it's kept separate from Trade Republic's assets.
We only use the funds within the framework of our Customer Agreement with you, namely for providing financial services.
In addition, Trade Republic is a member of the Compensatory Fund of Securities Trading Companies (EdW). This means that, not only are deposits guaranteed, we’re also legally required to protect any liabilities arising from securities transactions. For further information, read about Security and Protection on our website.
You can always find your cash account information, including which partner bank holds your funds, in the app: go to your Profile > Settings > Accounts & securities > Cash account.
If you still have questions, please don’t hesitate to contact me or feel free to take a look around our Help Center.
Have a nice day!
Best regards