How to Deposit Money on DEGIRO and Buy an ETF

Categories Investing6 Comments on How to Deposit Money on DEGIRO and Buy an ETF

After having opened my DEGIRO account recently, it was time to use my DEGIRO account. My first deposit reached my DEGIRO broker account! Let’s start with the good, there is no fee for transfer! I have transferred 1000 CHF and exactly 1000 CHF arrived in my account. I was afraid of a hidden fee or transfer fee. But there are no fees!

With the bad news now: The transfer took 8 days. I sent the transfer Friday 17th, the bank debited it from my account Monday 20th. It only arrived today, Tuesday 28th on my broker account. I have contacted DEGIRO several times in the meantime to ask about the whereabouts of my money. They did have an issue with their bank (CIC Bank, Basel).

The bank was not transferring the money statements to them for about a week. So, normally, this should not be so slow. I am inclined to give them the benefit of the doubt for this one. I will see what happens to my second transfer. I sent it yesterday and it should arrive tomorrow on my DEGIRO account. If this issue is something that happens regularly, this is a really bad thing for DEGIRO. But we will see.

Update (6 months later): I have not had any more issue of that sort with DEGIRO!

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How to Open a Broker Account on DEGIRO

Categories Investing, Financial Independence13 Comments on How to Open a Broker Account on DEGIRO

Having decided to start investing in Exchange Traded Funds (ETFs), I needed a broker account. I decided to open an account on DEGIRO. In this post, I am going to go over the reasons for this choice and over how to open a broker account on DEGIRO.

After reading a lot about funds and low-cost index funds in particular and the inefficiency of most actively managed funds, I decided I will stop giving my money to fund managers. Therefore, I decided to start investing in passive index funds and not active funds. Moreover, I also decided to only focus on no-load funds. Currently, I was investing with PostFinance funds, but the Total Expense Ratio (TER) of these funds is high and PostFinance is charging a 0.5% percent load on each buy of funds.

Since we do not have access to excellent mutual funds such as Vanguard funds here, I decided to invest in Exchange Traded Fund (ETF) versions of the funds. This means I need a broker to invest. I looked at the trading offer of PostFinance but it is insanely expensive. Therefore I decided to find a new broker with significantly lower fees.

The links to DEGIRO are affiliate links. If you use them to create an account, you will receive 20 CHF in transaction credits and I will also receive 20 CHF.

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