VIENNA, Austria - April 21, 2020 – easybank introduces online trading without own fees for the first time in Austria, demonstrating its commitment to affordable and clear investment products and broad access to the capital market for its customers: easybank has revamped its securities offering and now offers online trading from € 0 easybank fees for all those who want to trade national and international shares, ETFs or other investment products. The offer applies to openings of one of the three new "easy broker" securities accounts as of now. Investors have access to over 6,000 global shares and 1,500 ETFs as well as other investment products from selected issuers (easy partners) at these conditions on the stock market "Lang und Schwarz Exchange". A minimum order value of € 500 applies to orders at the two markets. Irrespective of the portfolio, a fixed amount of € 1 per month is charged for portfolio management. Custody of the securities costs 0.009% per month.
David O'Leary, Member of the Managing Board of BAWAG Group and responsible for BAWAG P.S.K. Retail & SME in Austria, explains: "At easybank, we are passionate about making investing easier and more affordable for our customers. We take this to heart by offering online trading for our customers with no easybank fees. This is our transparent and honest offer to Austrian investors. We want our customers to benefit from the same access to the capital markets as large investors. It is part of our strategy to provide simple and clear online products to help customers invest for the long term to build their wealth."
The new securities account models are available to all those opening new accounts as of now and include different levels of expansion depending on their choice of current account: for example, "easy broker starter" customers trade up to € 3,000 per securities transaction without easybank order charges, and "easy broker plus" customers trade up to € 10,000 (only in connection with the easy plus current account at € 6 account management fee p.m.), and beyond that at very low fixed charges. For owners of the premium securities account (only in connection with the easy premium current account at € 12,- account management fee p.m.), the order amount is unlimited at € 0 easybank fees, the package also offers free custody of investment funds. All new securities account offers are available to new and existing easybank customers.
Existing easybank customers can open an "easy broker" securities account online with just a few clicks at any time and from anywhere. Customers can start trading online right after opening an "easy broker" securities account. Even prospective customers without a connection to easybank can easily identify themselves by video authentication via WebID procedure or the practical eps payment. In addition to the € 0 easybank fees offer at the stock market "Lang und Schwarz Exchange" in Hamburg and at selected issuers (easy partner), easybank customers can also choose from around 20 stock exchanges worldwide and several off-exchange offers in securities trading at very favorable conditions further on.
Manfred Rapolter (Head of Communications, Spokesperson)