Lightyear Paying 3.25% Instant Access, No Fees & 20k Protection

1. Can you transfer direct from eTrade to Lightyear or is that not possible? The less banks involved the lower chance of US wire fees.
 
nephster said:
A tenner's worth of free stock of your choice, when you deposit 50 euro.
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Thanks. Can I have a code please.

I may put some money in therr as I am getting nothing from my bank.
Juat one question before I do, is it easy to get money out of the account?
 
If I signed up to Lightyear using a referral link, would I have to invest in a stock with the free €10 or could I leave it uninvested to earn the 2.25% interest on it? I currently have €50k in Trade Republic but I'm thinking of potentially transferring €20k of that into Lightyear for the higher interest rates which still remaining protected. Thoughts on this idea?
 
PoundMan said:
If I signed up to Lightyear using a referral link, would I have to invest in a stock with the free €10 or could I leave it uninvested to earn the 2.25% interest on it? I currently have €50k in Trade Republic but I'm thinking of potentially transferring €20k of that into Lightyear for the higher interest rates which still remaining protected. Thoughts on this idea?
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No need to invest in stock for the referal. You can leave the cash univested.

Makes sense to put 20k in Lightyear for the higher interest.
 
Lightning said:
No need to invest in stock for the referal. You can leave the cash univested.
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Unfortunately @Lightning this doesn't appear to have worked as you had suggested.
In order to claim the €10 reward, it is forcing me to choose a specific stock to invest in, rather than allow me to just put the €10 into my uninvested cash instead. Is it a case that I need to pick a stock and then immediately sell it or would that require further admin in terms of tax implications?
 
PoundMan said:
Unfortunately @Lightning this doesn't appear to have worked as you had suggested.
In order to claim the €10 reward, it is forcing me to choose a specific stock to invest in, rather than allow me to just put the €10 into my uninvested cash instead. Is it a case that I need to pick a stock and then immediately sell it or would that require further admin in terms of tax implications?
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I would guess that there might be tiny CGT implications. I guess the gain is 10 EUR so I guess there is CGT due on the gain of you exceed the annual allowance.
 
Hi Guys
I noticed that they will charge €100 for lodging €20,000, is there a way to avoid this?
Any response appreciate.
 
So can you just deposit 20k and get interest at 2.25% while it’s sitting in your account and not having to invest it? So no risk?
Also how is tax on the 2.25% handled is it subject to DIRT?
 
tom1ie said:
So can you just deposit 20k and get interest at 2.25% while it’s sitting in your account and not having to invest it? So no risk?
Also how is tax on the 2.25% handled is it subject to DIRT?
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No requirement to invest.

Deposit interest is paid gross. You need to declare the interest to the Revenue.

20k is protected via insurance. Client Money is held in a segregated account. FCA and EU regulated.
 
Is their any other way of transferring other than Revolut? I normally use AIB so would prefer to transfer directly If I can but if not I can go through Revolut
Thanks
 
Hi guys.
Just opened an account there and was about to transfer 1000e but revolut put a block on it saying 99.2% chance of a scam.any thoughts
 
Showme tm said:
Hi guys.
Just opened an account there and was about to transfer 1000e but revolut put a block on it saying 99.2% chance of a scam.any thoughts
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If the URL you used to sign-up started with https://www.golightyear.com/go/ you should be fine... if not, well.
Why not transfer a smaller amount instead, like €1, from within the Lightyear app (using the "Easy Bank Transfer" option)? That will be instant.
 
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Showme tm said:
Hi guys.
Just opened an account there and was about to transfer 1000e but revolut put a block on it saying 99.2% chance of a scam.any thoughts
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I have had multiple legit transactions blocked by Revolut before.

Double check the IBAN and ensure you are using the official go-lightyear app.

If all is good, then just unblock it.
 
Showme tm said:
Hi guys.
Just opened an account there and was about to transfer 1000e but revolut put a block on it saying 99.2% chance of a scam.any thoughts
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I got this, transferred it anyway and it showed up in my Lightyear account. Revolut made me watch a couple of videos on scams before I could send it
 
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