Automatic tax compensation now also at Trade Republic

The online broker trade republic wants to compete more and more with traditional banks and also offer current accounts in Austria. In addition, the platform "will become tax-simple", announces Julian Collin of Trade Republic in the "Krone" conversation. Income from shares and co. will be taxed uncomplicated. "Last year the Austrians lost 9 billion euros in interest because they did not get the ECB interest in their account", says Trade Republic …

From now on, Trade Republic customers no longer have to worry themselves about the execution of their capital income. The company now does this automatically. Current accounts are now available as well.

Since today, Trade Republic has been easy to tax in Austria, which means that new customers can now and existing customers in the coming days without thinking about taxes to invest 1€ per order (sale and purchase per order 1€), or the ECB interest rate, currently 2.25%, can take with them the settlement account or take 1% saveback when spending with the Visa card.No account management fees, no deposit fee and free savings plans.Only disadvantage…

The broker with a full bank license now transfers taxes on investment income for its customers directly to the tax office. In addition, there are incentives for the start of first investments

Deutsches Fintech wants to offer young people low-threshold access to securities investments.