eToro is delighted to announce that as part of its ongoing rollout in the EU, eToro Money is now live in five new regions in the EU: Spain, Italy, Monaco, Portugal and Malta
This brings the total number of regions in Europe in which eToro Money is available to eight, together with Cyprus, Ireland and Romania, which went live in June.
What is eToro Money?
eToro Money is a smarter way for eToro users to manage their money. It is an account, with an app, that connects seamlessly to the eToro investment account, saving you time and money.
Why use eToro Money?
- Save on every deposit, with instant, fee-free deposits when funding your investment account, and no FX fees when converting your money into USD (the currency used by the eToro platform).
- Get instant withdrawals. We know that sometimes you want your money right there and then when you withdraw it, without having to wait. With eToro Money, every withdrawal you make from your eToro account is instant.
- Easily send and receive money to and from your friends and family.
- Manage your money & crypto in one place. As well as managing your fiat currency, you can also securely store, send and receive the world’s most popular cryptos in the eToro Money app.
- Quick setup – Setting up your eToro Money account is quick and easy.
- It’s free: No subscription or hidden costs.
Legal bits: SEPA bank transfers only. Currently only crypto-to-crypto conversion is available. Reduced fee for withdrawals into your eToro Money account can be found here.