eToro Money

eToroX

About this app

A smarter way to manage your money. Connect eToro Money seamlessly to your investment account to enjoy zero conversion fees on deposits, instant withdrawals, and the ability to spend your funds anywhere, anytime with an exclusive eToro Visa debit card (card available for Club members only). And it's free. No subscription costs or hidden fees. One app to securely manage your money & crypto with ease.

eToro Money benefits:
0% conversion fees on deposits
Save on every deposit. Enjoy zero FX conversion fees when using eToro Money to fund your investment account

A faster way to access your money
Get your money when you want it, with instant withdrawals from your eToro investment account.

eToro debit card (exclusive to Club members)
Spend your money anywhere, anytime, with highly competitive exchange rates across the globe.

Easily send and receive money
Your sort code and personal account number mean that you can easily set up Direct Debits, as well as send to and receive money from your family and friends

Seamlessly integrates with your eToro account
eToro Money is designed to seamlessly integrate with your investment account

Manage your eToro Money and crypto in one place
The eToro Money app includes all the functionality of the previous eToro Wallet.

Store, hold and manage your cryptoassets, from the range available, including BTC, ETH, LTC, and more.

Track your eToro crypto trading portfolio on the go.

You can also transfer your crypto to eToroX, eToro’s professional crypto exchange.

Note: eToro Money crypto wallet services are not linked to eToro Money account services. These services are provided by separate eToro entities.
Legal bits: You can use your card anywhere Visa is accepted. FX competitiveness based on research by eToro in April 2022.

The eToro Money services are provided by eToro Money UK Ltd (Registered in England & Wales No. 07712717). eToro Money UK Ltd is authorised by the Financial Conduct Authority (FCA) under the Electronic Money Regulations 2011 for the issuing of Electronic Money (Firm Registration Number: 900203). eToro Money UK is a Principal Member of Visa Europe and Visa is a registered trademark of Visa International. Full Terms apply, at https://www.etoro.com/money/

Although funds held in your eToro Money wallet are not protected by any depository compensation scheme (like the FSCS), they are held in a designated safeguarding account at an authorised credit institution and, unlike banks, cannot by used by eToro Money for anything else than for facilitating your payment transactions. This means that all your funds held by eToro Money are protected at all times and in the unlikely event of insolvency, your losses are restricted to the cost of repatriation of funds only.

The services of eToro Money crypto wallet are provided by eToro X Limited ('eToro X'), incorporated in Gibraltar with company number 116348. eToro X is a regulated DLT provider licensed by the Gibraltar Financial Services Commission under the Investments and Financial Service Act with Licence number FSC1333B.

Ratings and reviews

It's good when it works, a few times I was unable to transfer out, errors kept happening. One time the app was just blank when I logged in. There's definitely room for improvement. I would like to be able to access from my desktop too. Be nice if there was a "select all" to prefil all of a currency to transfer out. Also be nice if I didn't have to break out the calculator to work out how much I can send.

Only "instant" if they happen to be at the office at the time and charges added after the fact, probably still advertising as free but likely changed with the quiet email about terms. It has already failed on both the reasons to bother. Just as expensive as bank transfer and much sketchiness besides. A disappointing liability of pulling the rug out from a decent idea. Needs actually instant withdrawal and not charging five bucks toll to move money out. Else Do not use.

This is useless for me. I have deposited into etoro in USD. I can only withdrawy to EUR. WHY can't I simply add USD as a currency. Although they advertise this as a method to avoid conversion fees, there definitely IS a conversion fee because I'm getting less money than I should. For example NOW 795 USD is 729 EUR according to google. If I use this app I would only get 719 EUR. WHY the difference??! Yes I've accounted for the ridiculous 5$ withdrawal fee, which is applied even here.