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Safety and Security

How is my money held with DEGIRO?

Answer

When you open an Investment Account with us, we also open a bank account (Cash Account) in your name at flatexDEGIRO Bank. All of your uninvested money will be held in this separate personal bank account with a personal IBAN.
We do this to make sure that your uninvested money (up to €100.000) is protected by the German Deposit Guarantee Scheme (Entschädigungseinrichtung deutscher Banken).

Your new Cash Account is directly connected to your DEGIRO Investment Account. It is not possible to use this Cash Account for other banking matters, and you will not receive a physical debit card or be able to connect this account to payment services (such as Apple Pay). You can only use it to hold money to finance all the activities on your Investment Account.
There are no costs associated with holding a Cash Accounts or depositing/withdrawing money. All Cash Accounts - at all other bank too - depend on the interest rates set by the European Central Bank. It is therefore possible for your Cash Account to have have a negative interest rate.
From August 1st, 2022, there is no more negative interest rate on Cash Accounts denominated in Euro. Should the interest rate decrease again in the future, you can find all information about the compensation for negative interest here.

In this document you see updated prices and services of your Cash Account. There are no entry-, exit- or other costs associated with Cash Accounts.

Accordion

Although the majority of DEGIRO accounts are set up in the structure explained above, we have only been able to offer this solution since we have merged with flatex and became a bank. Previously, all our client's cash has been held via so-called Money Market Funds (MMF) for we were not allowed to open bank accounts without a banking license.

An MMF (also known as a 'cash fund') is a type of mutual fund that is often used as an alternative to bank accounts. For more information on what an MMF is, please visit this page (note that that page specifically applies to accounts on our UK platform, so not all information provided on that page may directly apply to you) or visit the website of the European Council.

Since the merger, we have been working hard to transition all accounts to the cash account solution.

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DEGIRO is the first wholesale broker for private investors. An online investment platform for all types of investors. DEGIRO enables its customers to invest worldwide at unprecedented low rates. DEGIRO is investing globally for everyone. Previously, investing was often limited to stock exchanges in Europe or the United States. Through one platform, all DEGIRO investors gain access to products and markets worldwide. This means that private investors can spread their investments much better. DEGIRO fits perfectly with the investor who manages his business online. For us, customers do not pay for the salary of unnecessary staff. DEGIRO takes away the last difference between professional and private investors; the fees. Essential for the return of private investors.

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