Trade Republic, the largest savings platform in Europe, has taken a new step in its ambitious expansion by launching its free current account in Italy, which includes a local account number (IBAN) and automatic tax filing with local authorities. This development follows the successful launch of savings products in France and highlights its commitment to innovate in the European banking sector.
With over 8 million customers and assets under management exceeding 100 billion euros, Trade Republic has established itself as a reference in private wealth creation on the continent. The company has identified a growing demand for more personalized financial planning solutions, given the lack of effective responses from governments to the growing pension gap in Europe.
Christian Hecker, co-founder of Trade Republic, emphasized the urgency of addressing this challenge, stating that “millions of Europeans have realized that their governments lack solutions for one of the most critical challenges of our time.” Thus, the company seeks to help its users take control of their financial future through savings products tailored to local needs.
Among the innovations offered by Trade Republic are a free current account, a Saveback program that reinvests 1 percent of card payments into investment plans, and an attractive 3 percent annual interest on balances up to 50,000 euros. These features are designed to make it easier for users to build their wealth in an increasingly complex financial environment.
Julian Collin, Managing Director of International Markets at the firm, emphasized that “the pension gap is a European problem” and that solutions must be tailored to specific markets. With the launch in Italy, Trade Republic enriches its presence in the old continent, seeking to increase competition in the traditional banking sector and offer viable alternatives for long-term savings.
With a vision focused on the integration of modern technology and accessible services, Trade Republic is setting new standards in the European banking industry. The company continues to expand its range of products to meet the specific demands of each market, making it easier for Europeans to access tools that help them manage their wealth.
Referrer: MiMub in Spanish
