Trading 212 - set up standing order

palemist

I recently transferred my cash ISA from Zopa to T212, I would like to be able to set up regular transfers to fund the account, ideally from my salary. But it seems as if Trading 212 doesn't have a feature for doing this. I have a linked card [Monzo] but this is for manually paying money into the account. 

When I used my linked account [Monzo] it displayed the sort code and account number for Trading 212, so I thought, perhaps I can set up a test standing order using a small amount [£10] from my Natwest account which is where my salary gets paid into to the trading 212 sort code and account number which my linked card [Monzo] gave me. 

The test regular payment [£10] has been deducted from my Natwest account but I'm not seeing it in my trading 212 account! How are people funding their Trading 212 accounts? 

sausage_time

Did you use the reference set up by T212 in the Monzo transfer?  I have not tried to use that from another account, but I think you need that to direct T212 to your individual account.  The account number and sort code are shared if I recall.

palemist

Yes, that's what I used, I've since contacted T212 and they've said it can take up to 3 business days. If the £10 arrives in the next 3 days, I'll have to trust that those account details will work, however, 3 business days will be days that I'm not earning daily interest and that sucks a bit. 

palemist

I just want to share a few things having used Trading 212 seriously for the past month and a half:

Pros:
the 4.9% interest across all accounts
User interface is very good, in particular is their AI chatbot is the best I've seen
The Pies feature is ace

Cons:
I can't use MoneyHub to track my spending anymore[I signed up for the T212 card] because T212 doesn't allow 3rd party APIs to read their data
I can only set up recurring payments using a debit card or Google Pay but this is only free up to £2000, after this amount, you'll start getting charged 0.7% fee
interest is now paid monthly as opposed to daily.