Trade Republic Reaches 1 Million Card Users and Expands Banking Services

Trade Republic Bank GmbH has announced that it has reached one million card users within just five months. As a result, the waiting list for the Trade Republic card has been removed, and customers can now order their cards immediately.

The expansion includes a new current account allowing users to wire money, pay bills, and move funds between banks instantly. Each customer will receive a Trade Republic IBAN, with the account features being introduced in stages.

Trade Republic is now offering uncapped interest on all cash deposits at the current ECB rate of 4 percent per annum. The previous cap of 50,000 euros has been removed, and interest will be calculated daily and paid out monthly.

"Millions of Europeans are building wealth with Trade Republic," said Christian Hecker, Co-Founder of Trade Republic. The new current account aims to help users manage their full financial lives seamlessly through the platform.