Actually it looks like it's German to English, rather than French...It is legit and they operate in multiple countries.
But yeah the French-to-English translation is not great. I would guess the vast majority of their customers are non-English speaking.
I'm at the same stage as you. I sent off identity docs on Sunday but haven't heard anything since. So just wondering how long their turn around time is. I did receive the welcome email instantly after completing the online bit so is it possible that yours has landed in spam.I've applied. So far straightforward, emailed them the Identity documents (though haven't received welcome email requesting them yet, just followed screen instructions).
@podgerodge is it a case that the account has to be opened with money deposited into the account before June 30th in order to avail of the 6-month 3.25% interest offer? I thought the deadline just meant that you need to submit your application form by June 30th. I emailed Advanzia for clarity on the deadline but they have yet to respond.I got the email a few minutes after posting, Harvard. Like you, awaiting confirmation of activation now. I'd like to lodge by 30th June. Well, in fact, if I don't make 30th June, I won't be lodging!
With that being the case, I've decided to apply immediately. Like you @podgerodge I also did not receive the email as of yet so I had to just use the on-screen instructions for sending my identification documents. I've also transferred €5000 from my Trade Republic account to my N26 current account (which I then need to send to Advanzia) so I'm not confident it will all be sorted in time for the deadline on Friday.Deposited into. "The special effective interest rate of 3.25% p.a. (nominal interest rate 3.20% p.a.) is valid as of the first payment into the deposit account and for a period of six months"
Does anyone else think the site looks amateur? Even the language used seems like someone ran it through Google Translate.
Compared to this site, it's night and day.
European digital bank | Advanzia Bank S.A.
About us: Advanzia is an online bank based in Luxembourg that has been providing its customers with credit card solutions and deposit accounts since 2005.www.advanzia.com
Doesn't inspire confidence.
EDIT: I found a link on the main website to the konto account (in German) so seems it is legit.
Contact and customer service | Advanzia Bank S.A.
Your direct contact at Advanzia Bank Customer service for no-fee Mastercard Gold Advanzia deposit account service Investor relations Media relationswww.advanzia.com
I'm still waiting for my account details, even though my wife got them yesterday. Was hoping to lodge today to get funds in by Friday deadline.
Separately, in relation to the deadline - are people reading it that the FULL amount must be in by Friday to get 3.25% of just get funds in and account opened by that date, with subsqeuent lodgements attracting the 3.25% interest possible? As I quoted previously, ""The special effective interest rate of 3.25% p.a. (nominal interest rate 3.20% p.a.) is valid as of the first payment into the deposit account and for a period of six months"
I believe you are correct. I vaguely remember reading that when setting up the account a few months ago.@Harvard I believe you can only make withdrawals from Trade Republic to the same account in which you lodged the deposits from, so I'd imagine you would need to transfer from a current account in this instance.
What number did you call them on? I might have to do the same.Account details received, account set up online (not the most elaborate online account management, and like Bunq, no 2 Factor Authentication, but withdrawals are restricted to the "reference account" - which is the account which originally lodged the funds. I spoke to customer support and they said once you get an initial amount in by 30th June the 3.25% is active, and subsequent lodgements will also attract the rate.
ps - I rang customer support and asked them to progress my account opening - if you do a transfer tomorrow it should hit by Friday. "The campaign ends on June 30, 2023"
I'm reading (possibly wrongly!!) that funds only have to get there by Friday inclusive (close of business), not midnight Thursday. If I'm wrong, my lodgement sent today may also be too late!
I'm surprised by the apparent lack of interest in this - is this not the very best instant accesss offer in the market, albeit limited to 6 months?
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