Since the launch of our Invest and ISA services, we’ve been covering all deposit fees charged by the payment providers. Typically, these fees are included in the price of the products and services that you buy. But our share dealing service is completely free, and the transferred amounts have grown to billions of pounds per year. That’s why, we introduced a lifetime limit on free deposits via all payment methods other than Bank Transfers & Instant Bank Transfers (Open Banking).
Funding via Credit/Debit Cards, Google Pay, Apple Pay, iDeal, DotPay GiroPay and Sofort, will remain fee-free until you have deposited £2,000 in total. A fee of 0.7% will apply thereafter. However, we do not profit from this fee. Its purpose is to cover the costs levied by payment providers and card companies.
Frequently Asked Questions
Is there a way to deposit funds without paying a fee?
Yes. Deposits via Bank Transfers and Instant Bank Transfers remain free.
Does the free deposit limit reset after each payment?
No, the limit applies to the total amount of funds you deposit into your Invest or ISA account.
Example: You deposit £1500 via Credit card. This is within the £2000 free-deposit limit, so you wouldn’t pay any fee on that deposit. Now you have £500 until you reach the free-deposit limit. You deposit an additional £800, of which £500 will be fee-free, and £300 will be subject to the fee.
Are deposits to CFD accounts going to be subjected to the fee?
No, CFD deposits remain free. The fee will apply only to Invest & ISA accounts.
Will I be able to see how much fee I would pay in advance?
Yes, you will see the deposit amount and its fee before you make the transaction.
Can I see the fees I have paid for each transaction?
Yes, the transaction history holds all the details about each deposit. When you click on the deposit you want to review, you will see the deposit amount, the deposit fee, and the total amount charged.
Do withdrawals remain free?
Yes, all withdrawals remain free.