Trading 212 credentials

Bambam61Pebbles

Thanks for your information. I searched the FCA website and it does state unauthorised. However it is strange that T212 bank with JPMorgan and Chase are underwritten by JPMorgan and don’t recognise T212. 

I registered here to share my experience having been a follower of MSE for years and didn’t want anyone else to go through the experience. 

wmb194

Bambam61Pebbles said:

Thanks for your information. I searched the FCA website and it does state unauthorised. However it is strange that T212 bank with JPMorgan and Chase are underwritten by JPMorgan and don’t recognise T212. 

I registered here to share my experience having been a follower of MSE for years and didn’t want anyone else to go through the experience. 

Yes it is. Were you searching for the correct firm?

sausage_time

born_again said:

Tightboy said:

Hi, Just opened a new Trading 212 cash ISA (5.2%) and have found it really difficult to get it accepted by my chosen bank account to feed funds into the ISA. The bank in question is Natwest and they just don't recognise either "Trading 212 UK Limited or "JPMorgan Chase Bank" in their "add a business to pay" field, Natwest say it's Trading 212's problem, Trading 212 have not been very helpful either, any thoughts by anyone?

Using add business as a payee is using a set of stored account details stored at Natwest called major beneficiaries, which are usually things like credit cards, utilities etc. Try adding it as a personal payee.

Failing that contact Trading 212 & ask what details you should be using.
Given I guess the payment goes to a generic account, it may throw up a error, which you could ignore.

New account today, and I added funds to my ISA using Open Banking coming from RBS.  If I look in RBS app now, it has (also?) added a new payee so I can see the account details - account number, sort code, and a reference (which is not my '212 account details).  

gesdt50

Also have the problem getting the money accross, 212 replied saying it can take upto 3 days not including weekends for a bank transfer to show so 5 days they can hold the money if including the weekend if they do it that way; I'd rather have they interest rather than the financial cowboys getting it; if only one could trust the app to link through buts its to dangerous! 

wmb194

gesdt50 said:

Also have the problem getting the money accross, 212 replied saying it can take upto 3 days not including weekends for a bank transfer to show so 5 days they can hold the money if including the weekend if they do it that way; I'd rather have they interest rather than the financial cowboys getting it; if only one could trust the app to link through buts its to dangerous! 

In my experience if you send it on a working day it's credited within an hour or two. On Saturday I transferred some euros to my GIA via bank transfer and it was credited early in the morning on Monday.

Otherwise I use the opening banking link - is this what you think is dangerous? - and that's instant.

MoS2024

I completed the transfer into my Trading 212 Cash ISA from my HSBC account on 31st July.
Few seconds later, I received a text alert from HSBC to call their Fraud Department regarding the transfer.
I immediately called HSBC and I was informed that there has been several scam activities in connection with Trading 212.
That was the reason they didn't release the fund from my Account.
Not sure what to do, I asked them to return the money back into my Account.
I would have loved to take advantage of the 5 20% interest but I'm not so sure now.

bugbyte_2

Same kind of issue here - cannot connect to First Direct account.

Spoke to FD and they confirmed they had done all they could to set up the instant bank transfer, but 212 had rejected it because my FD account name is in the format of <my name> and 212 is <my name>@yahoo.com and they don't match........ Card transfer did not work either and a £5 test bank transfer I did 24 hours ago is not yet showing. Their live chat comes up with "😔 It might take longer than usual to connect you to an agent. We appreciate your patience." and then nothing - until 10 hours later in the middle of the night an agent replied but by then I had of course wandered off. 

Not really that confident if I put money in I would ever see it again TBA. Does anyone have any positive things to say about this platform?  

wmb194

mmfasanya said:

I completed the transfer into my Trading 212 Cash ISA from my HSBC account on 31st July.
Few seconds later, I received a text alert from HSBC to call their Fraud Department regarding the transfer.
I immediately called HSBC and I was informed that there has been several scam activities in connection with Trading 212.
That was the reason they didn't release the fund from my Account.
Not sure what to do, I asked them to return the money back into my Account.
I would have loved to take advantage of the 5 20% interest but I'm not so sure now.

What scams? Banks are so paranoid now; as long as you're sending to the details for the genuine T212 it's fine. Can you not use the opening banking option?

wmb194

bugbyte_2 said:

Same kind of issue here - cannot connect to First Direct account.

Spoke to FD and they confirmed they had done all they could to set up the instant bank transfer, but 212 had rejected it because my FD account name is in the format of <my name> and 212 is <my name>@yahoo.com and they don't match........ Card transfer did not work either and a £5 test bank transfer I did 24 hours ago is not yet showing. Their live chat comes up with "😔 It might take longer than usual to connect you to an agent. We appreciate your patience." and then nothing - until 10 hours later in the middle of the night an agent replied but by then I had of course wandered off. 

Not really that confident if I put money in I would ever see it again TBA. Does anyone have any positive things to say about this platform?  

Yes, I like it. I use Lloyds via open banking to make GBP deposits and it works perfectly. I’ve also made withdrawals. Customer service seems to be bare bones, though, but the few messages I’ve sent have been replied to within a day.

That cannot be the actual name on your account, can it? When you look in settings - my account - personal details does it actually show that in the, “Full Name” field?

 If you look it up on Companies House you can find its annual reports and it’s been consistently profitable for years. It primarily makes its money from CFD punters but it’s trying to diversify into stock broking. IIRC I opened my account in 2019.

bugbyte_2

Looks like T212 will only connect to sole accounts despite the website saying it will connect to joint accounts - fair enough I suppose. Had to use an old TSB current account which had a few hundred in which I keep for emergencies in case I loose my card, etc.