This looks like a good solution to me. They seem cheaper than Neon for card payments in other currencies. Q: do they offer joint accounts?
No, Radicant does not offer joint accounts.
Mmmmm, I guess me and my SO could share the card number when paying online and I assume we can also install the same card on Apple/GooglePay on two different phones. I was about to get Neon but from this link shared above it looks like Radikant fares much better in FX fees…
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They offer max 1% cashback on their debit card. The only downside is that you have to invest with them. I didn’t understand how much it will cost other than 0.4%p.a. Their funds doesn’t have a TER.
It might be interesting as as substitute of a CC or better as a all-in-one solution.
I had not noticed that. Is there a minimum amount one needs to invest?
They only offer actively managed funds with a self-developed sustainability filter, for a TER of 1.5%. They’re “Global Stocks” fund is not global but just developed markets and YTD has had 40% less returns than MSCI World (even compared to the various ESG variants). Other fees apply as well and are dependent on the size of your portfolio. They range from 0.25% to 0.45% and will double in 15 months.
The cashback has multiple caveats:
- If you have a portfolio of at least 1’000.– and deposit at least 150.– per month, you’ll get 0.25% cashback, up to a maximum of 5.– per month.
- If you have a portfolio of at least 10’000.– and deposit at least 1’000.– per month, you’ll get 1% cashback, up to a maximum of 20.– per month.
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