Summary: Yorkshire Bank account holders cannot directly invest in shares through the banking platform. If you want to buy shares with the money in your Yorkshire Bank account, you will need to use a safe online broker. Simply send funds from your Yorkshire Bank account to an online brokerage platform and invest in assets there.
The most online brokerage platform in the United Kingdom is eToro UK. eToro UK is a multi-asset investing and trading platform with 6 asset classes including shares, ETFs, indices, commodities, currencies and crypto. It is widely regarded as the most secure trading platform globally and is regulated by the Financial Conduct Authority.
How to buy shares with Yorkshire Bank in UK
In this method, we show Yorkshire Bank account holders how to buy shares through eToro UK. Yorkshire Bank users can transfer GBP or EUR to eToro via Credit/Debit Card, Bank Transfer, Skrill, Rapid Transfer, PayPal & Neteller. Follow the steps below to buy shares with Yorkshire Bank in the United Kingdom.
- Sign Up: Create an account on eToro with your email and complete the verification process.
- Deposit GBD or EUR: Click 'Deposit Funds', pick a method and send funds from Yorkshire Bank.
- Find Asset: Look for the share you want to purchase in the search bar and select 'Trade'.
- Buy Shares: Input the amount you wish to invest and tap 'Set Order'.
Is it expensive to buy shares with Yorkshire Bank?
No, when you use the eToro UK platform, it is pretty much free to invest in shares or ETFs. This is due to eToro offering Yorkshire Bank users free and instant deposits plus brokerage-free trading on shares and ETFs. The only fee that UK investors need to consider is a $5 fee every time you make a withdrawal to your Yorkshire bank account.
If you would like a comprehensive breakdown of the fees involved in using the eToro platform you can visit the eToro Fees Schedule. Additionally, if you are interested in learning more about the eToro platform and its security, features, assets ect, you can visit our detailed eToro Review.
Is there risks involved in buying shares?
Yes, just like any asset, you should do your due diligence before investing large sums of money into any share or ETF. There are always risks involved in financial assets as they are volatile investments that rely on data from markets and macro. However, if you do buy shares, the most secure platform to buy them on is eToro UK.
What is Yorkshire Bank
Yorkshire Bank is a financial institution that offers a range of services, including banking, lending, and investments. The bank has a long history dating back to 1859, when it was founded in Bradford, England. Today, Yorkshire Bank operates across the United Kingdom and has a network of branches and ATMs. Yorkshire Bank is part of the Virgin Money group, the largest financial institution in the world.