1Semana·

Scalable vs TR

Hello everyone,

I am currently considering whether I should switch completely from Trade Republic to Scalable. Also with the background that Scalable offers 2.5% interest for the call money account.

I'm actually only with Scalable because of the $EWG2 (-0,37 %) because it is not eligible for savings plans with either TR or ING.

As far as I have now read, however, I cannot make automatic deposits from this call deposit account to my broker account or use it as a reference account to make my savings plans.

Do I see that correctly? 😶

Then Trade Republic would be for me. The better function Eben only has 2% interest.

Which brokers do you use?

Best regards

13 Comentarios

Mo@BigMo

1Semana

Last summer I moved all my securities accounts, including Traderepublic, to Scalable Capital.
Everything went quickly and smoothly. Even the purchase prices have all been corrected in the meantime.
I am completely satisfied 😌🙏

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Krucaine@Krucaine

1Semana

I don't see the incentive for a "complete" change now, I also have the $EWG2 savings plan with Scalable, in addition I now also have my overnight money in a separate account there for the 2.5% interest, the rest continues to run via Trade Republic, or $BTC via Bitvavo.

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Solitair@Solitair

1Semana

After the changeover, Scalable is a tragedy in terms of dividend punctuality. Of my five brokers, Scalable is the latest to pay dividends, but they have to finance their 2.5% somehow.
Trade Republic has largely returned to its former strength in this respect and I have no other problems.

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Stefan@Elbarto89

1Semana

@Solitair plus the chatbot from Scalable:

Thank you for your question about the booking of dividends.

Currently, dividends are usually credited to the securities account a few days after the official payment date. The process is as follows:
- On the payment date, the dividends are first allocated to the central depositories.
- These distribute the amounts to intermediate custodians and custodian banks.
- Scalable Capital carries out the settlement as soon as the payment has been received from the settlement agent.
- Due to these settlement processes, the credit can also be made after the published payment date.

We do not make advance payments for distributions, but wait for the actual receipt of payment. An acceleration of this process has not been announced at present, as we are dependent on the processes of the agencies involved.

Should there be any changes to this process, we will of course inform our customers.

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Dan@fizzelfritz

1Semana

@Elbarto89 ok, thanks

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Thomas@Divitom

1Semana

I use TR but I'm thinking about doing another one with Trading212 because you get 3% interest and 2% saveback there. What do you think?

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Dan@fizzelfritz

1Semana

@Divitom I have only heard of Trading212 so far...

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Chris@Helli

1Semana

@Divitom I recently opened an account with T212 and am very satisfied. The Pie function is great and since the broker is now tax-simple, I'm not missing anything. I also have an SC account, I used to have TR. If you would like to join T212, please use my link ;-) https://www.trading212.com/invite/4DtCFEa69Ok

Addendum: If you create an account there, you just have to remember to activate the "interest on cash" in the settings.

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Dan@fizzelfritz

1Semana

@Helli Thank you. I'll have a look at it

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SanSebastian@WarrenamBuffet

1Semana

both for your reasons :D

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Dominik@Dominik_76

1Semana

The savings plans run from the clearing account or by direct debit from your reference account. You would have to leave a buffer for the savings plan on the clearing account or, as mentioned, SEPA direct debit from the current account on file, which is also used for other deposits.

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Dan@fizzelfritz

1Semana

@Dominik_76 then I have understood correctly. Kind of a shame, but there's nothing you can do. Thank you

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Uwe@SchlaubiSchlumpf

1Semana

It depends on how much money it is. I wouldn't think about it for long if you have less than 5k in overnight money. The 0.5%*5k=25 euros before tax per year. So if you think "yup I don't need the flexibility of Trade Republic when paying, you don't need the money in the clearing account and you have so much cash that thinking about it from the hourly wage is not more expensive than the possible gain, go for it.

But of course you don't know how long scalable will offer this

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