Trade Republic opens a Belgian branch with local IBANs and passes 100,000 customers
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- Sources
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- Claims verified
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What happened
Trade Republic said on 15 September 2026 that it had launched a local branch in Belgium, starting that day. In a press release datelined Brussels, the company said Belgian customers could now use a Belgian IBAN and a free current account with a card, and that it had passed 100,000 customers in Belgium. Brussels Times reported the same day that the German app-based bank would start offering Belgian bank account numbers and had opened a Brussels office to support them.
Trade Republic said new customers receive 3% interest on cash balances up to €50,000, with the ECB rate of 2.50% applying above that amount. It said existing customers earn the ECB rate of 2.5%, effective from 16 September, and can unlock the 3% rate for three months for each successful referral, up to one year. Interest is calculated daily and paid monthly. The company also listed a 1% Saveback on eligible card payments, zero ATM fees on withdrawals over €100 and automated Belgian tax handling. Brussels Times added that savings interest in Belgium is subject to a 30% withholding tax. The sources gave no deposit, revenue or valuation figures for the Belgian business.
Key points
- Trade Republic launched a local branch in Belgium on 15 September 2026, with Belgian IBANs and a free current account with a card.12
- The company said it has passed 100,000 customers in Belgium.12
- New customers get 3% interest on cash up to €50,000; above that, and for existing customers, the ECB rate of 2.5% applies.12
- Existing customers can unlock the 3% rate for three months per successful referral, up to one year.1
Why it matters
The company said the account lets users receive salaries, pay bills and make instant transfers. This widens the product beyond investing, which bears on the size of the cash and custody base behind a valuation.
More than 100,000 Belgian customers is the company's own figure, repeated by Brussels Times. The sources give no balances per customer, so the deposit volume this represents is not known.
In context
| Round | Date | Post-money valuation | Raised | Led by |
|---|---|---|---|---|
| Series C | May 20, 2021 | $5.3B | $900M | Sequoia |
| Series C extension | Jun 3, 2022 | $5.4B | $268M | Ontario Teachers' Pension Plan Board |
Updated
Fact-check
- Trade Republic launched a local branch in Belgium on 15 September 2026, with a Belgian IBAN and a free current account with a card.Confirmed by [1] Trade Republic: its Brussels release dated 15 September 2026 says the offer starts today. [2] Brussels Times reports Belgian account numbers and a Brussels office.Verified
- Trade Republic has passed 100,000 customers in Belgium.Confirmed by [1] Trade Republic, which says it surpassed 100,000 customers in Belgium; [2] Brussels Times reports the same claim. It is a company figure.Verified
- New customers receive 3% interest on cash up to €50,000, with the ECB rate of 2.50% above that.Confirmed by [1] Trade Republic and [2] Brussels Times, which give the 3% rate and the €50,000 cap.Verified
- Existing customers earn the ECB rate of 2.5% from 16 September and can unlock 3% for three months per referral, up to one year.Confirmed by [1] Trade Republic: the release states the 2.5% rate effective 16 September and the referral terms. [2] Brussels Times also gives the 2.5% rate for existing customers.Verified
- Belgian savings interest is subject to a 30% withholding tax.Confirmed by [2] Brussels Times, which says savers face a 30% withholding tax on interest; the company release says only that tax handling is automated.Verified
Sources
- [1]Trade Republic (opens in a new tab)Trade Republic opens branch in Belgium, reaches more than 100,000 customersStarting today, Trade Republic offers customers in Belgium a fully localized banking experience
- [2]Brussels Times (opens in a new tab)German app-based bank Trade Republic now offers Belgian IBANs
