Plum to offer stock investment and debit cards in Ireland
By Leandra Monteiro
The app, which uses the latest technology to help users save effortlessly, now allows its customers to diversify and grow their money over the long-term with its new stock investing service.
Plum customers can now access at least 500 US stocks within the app, using its free Basic subscription. They can invest from as little as 1 euro through fractional shares in popular companies such as Google, Meta or Amazon who have their headquarters in Dublin.
Plum will also be launching a Premium tier option later this month, adding to its existing Basic and Pro tiers. Priced at €9.99 per month, Premium customers not only have access to Plum’s full features, but also to priority customer service and a broader range of stocks. This range will offer 1,000 stocks initially, rising soon to at least 3,000 stocks in companies from around the world. That means these customers will have even more freedom to customise their investment portfolio to reflect their personal values and support the brands they trust.
Victor Trokoudes, CEO & co-founder of Plum commented, “We’ve been met with a warm reception from our customers in Ireland since launching and we’re delighted to now expand the Plum services available to them. As consumer prices are sharply on the rise, we wanted to move swiftly to bring stock investments to Irish customers, especially as high inflation erodes the value of their hard-earned savings. Historically, investing in the stock market has often been the best to prevent inflation eroding the value of your money over the long-term.
“Many people believe that investing is too complicated, and they have no idea where to start. Plum is making investing easier to access and understand. In times like these, we want to give everyone a helping hand to make their money go further.”
Alongside the launch of stock investing, Plum is also offering a debit card. The card is 100% biodegradable, recyclable, and available at no extra cost for its Pro and Premium customers. The plum-coloured VISA debit card allows users to pay online, via contactless or directly at the merchant, or to withdraw cash without additional fees anywhere in Europe.
Customers can load their card directly from a bank account or from their primary pocket account through the Plum app, making it easier to track their spending and control their budget. They will also be able to track their expenses in the same place as where they’ve saved and invested.
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