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eToro Money

etoro.com
Summary

eToro Money provides a digital account that allows users to hold and manage funds in multiple currencies (EUR and USD), primarily to facilitate trading on the eToro investment platform. It offers instant withdrawals, a debit card for eligible UK users, and a crypto wallet for storing and sending cryptocurrencies. The service aims to reduce conversion fees for eToro traders and provides a streamlined way to manage investment-related funds.

Features
8/15
See all

Must Have

4 of 5

Transparent Low Fees

Multi-Currency Account

Borderless Debit Card

Fast Transfer Execution

Mid-Market Exchange Rate Transfers

Other

4 of 10

API Integration

Mobile App

Regulatory Compliance

Customer Support

Batch Payments

Real-Time Rate Alerts

Business Account Features

Invoice Creation

Spending Analytics

Multi-User Access

Pricing
Freemium
See all

Green Plan (Non-club & Silver-Platinum Tiers)

OTHER 0.00 one time
  • Account Opening / Closing: Free
  • Account maintenance: Free
  • SEPA Transfers (In and Out): Free
  • ATM: £2,000 p/m free
  • FX: Market leading exchange rates
  • Card issue & maintenance fee: Free
  • Card payment fees: Free
  • 1st Card delivery Regular: Free
  • 1st Card delivery Urgent: Free
  • Replacement Card delivery regular: Free
  • Replacement Card delivery urgent: Free
  • Chargebacks – if fails: Free
  • Chargebacks – if not fails: Free
  • POS Domestic: Free
  • ATM: 1% after £2,000 p/m
  • Replacement card fee: £10
  • eToro card only available in the UK for eligible Club members

Black Plan (Platinum+ & Diamond Tiers)

OTHER 0.00 one time
  • Account Opening / Closing: Free
  • Account maintenance: Free
  • SEPA Transfers (In and Out): Free
  • ATM: £10,000 p/m free
  • FX: Market leading exchange rates
  • Card issue & maintenance fee: Free
  • Card payment fees: Free
  • 1st Card delivery Regular: Free
  • 1st Card delivery Urgent: Free
  • Replacement Card delivery regular: Free
  • Replacement Card delivery urgent: Free
  • Chargebacks – if fails: Free
  • Chargebacks – if not fails: Free
  • POS Domestic: Free
  • ATM: 1% after £10,000 p/m
  • Replacement card fee: £80
  • eToro card only available in the UK for eligible Club members
Rationale

eToro Money offers a multi-currency account (EUR and USD) and a debit card for UK club members, aligning with the multi-currency and borderless debit card features. They emphasize avoiding unnecessary conversion fees and offer instant withdrawals, which points to transparent fees and fast transfers. The website also mentions API documentation for developers, a mobile app, and details on regulatory compliance and customer support. However, it does not explicitly state mid-market exchange rates for all transfers, nor does it focus on international money transfers as its primary offering, but rather as a component of its investment platform. The core value proposition is more about managing investment funds and crypto within the eToro ecosystem.