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  #21  
Old 12.02.2014, 14:14
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Re: Any reason not use UBS?

With Barclays I have that already... (Card Reader)

With HSBC I have a number generator, either way I have to carry a plastic device... Except Barclay's have the ability to use an iPhone app and works in the same way as HSBC number generator.
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  #22  
Old 12.02.2014, 14:47
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Re: Any reason not use UBS?

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With PostFinance, your login credentials are not enough. In order to login you need to pull out your card and use their card reader device each time.

I think it would be reasonable to login just with your credentials (which does include a password), which is safe enough to access information such as your balance and movements - and only when doing transfers or other operations like that would you be required to increase the authentication through the card.

I don't know how it is with UBS but I think they don't require a card reader device?
Same for UBS. You need the card and a card reader to access your accounts online.
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  #23  
Old 12.02.2014, 14:56
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Re: Any reason not use UBS?

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Same for UBS. You need the card and a card reader to access your accounts online.




Yes but the key difference is with UBS you have a special card which can stay in the reader. With Postfinance you use your Bank card so you need to put it in and remember to take it out and put it back in your wallet everytime ( a real minus point in my mind)


K
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  #24  
Old 14.02.2014, 00:25
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Re: Any reason not use UBS?

I like post finanace. Keep 7500 and all is free except withdrawal from other bank atm. You can pay 50 chf for credit card and they give you cash back of 1 to 0.5 % [i am not sure if that offer is still on going].

Good luck
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  #25  
Old 14.02.2014, 09:34
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Re: Any reason not use UBS?

[QUOTE=kri;2087411]Yes but the key difference is with UBS you have a special card which can stay in the reader. With Postfinance you use your Bank card so you need to put it in and remember to take it out and put it back in your wallet everytime ( a real minus point in my mind)


you used to be able to keep the UBS card in the reader but they changed the reader now so the card is half in half out, its a pain in the backside to be honest.

But then again, 1st world problems right, if thats all we have to moan about
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  #26  
Old 14.02.2014, 09:34
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Re: Any reason not use UBS?

I use UBS and am happy with them despite the charges. However, service is excellent as you can speak directly to a senior banker and can even e-mail them to do any FX transactions without giving your account number or swift code. In this day and age of call centres, how many bankers can honestly say they I know their customers on a personal level to the point of knowing the ages of their customers' children age.
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  #27  
Old 14.02.2014, 09:37
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Re: Any reason not use UBS?

I use UBS and am happy with them despite the charges. However, service is excellent as you can speak directly to a senior banker and can even e-mail them to do any FX transactions without giving your account number or swift code. In this day and age of call centres, how many bankers can honestly say they I know their customers on a personal level to the point of knowing the ages of their customers' children age.

From a fee and convenience point of view I think post finance wins hands down every time but I'm reluctant to move away from UBS because I can't take the risk of losing excellent personal customer service.
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Old 27.02.2014, 16:06
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Re: Any reason not use UBS?

I agree with Lost inbroad about the Raiffeisen. Excellent service, and not at all stuck up like many banks as everything is done on a local basis. They are literally everywhere.

There is also the additional advantage of becoming a cp-operative member whereby for a small fee (refunded if you ever leave) you effectively become a small shareholder of the bank and remove almost all the fees involved in banking in Switz.

But as the saying goes, it always costs more to keep your money in a Swiss bank than you'll ever earn in interest
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  #29  
Old 27.02.2014, 16:45
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Re: Any reason not use UBS?

I have an account with UBS where, if i have 10,000CHF across my accounts (including my savings) it is free. Plus, you get the keypoints, and cash withdrawals from all cash points in Switzerland are free.

Do they not offer this account anymore?

Their online banking is great though...I carry my card reader in my work bag (usually with me). You can pay your bills via the mobile app (rather than the full website) which is incredibly convenient.
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  #30  
Old 27.02.2014, 17:16
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Re: Any reason not use UBS?

We've been very happy with the service from Credit Suisse.

Bill paying is also super easy, they have a mobile app and when you enter your login details they send you an SMS to the number of your choice with the security code for that login. No need for a card reader or the number generating little thing that they used to have.
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  #31  
Old 27.02.2014, 17:18
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Re: Any reason not use UBS?

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I have an account with UBS where, if i have 10,000CHF across my accounts (including my savings) it is free. Plus, you get the keypoints, and cash withdrawals from all cash points in Switzerland are free.

Do they not offer this account anymore?

I have the same and love it But they have been bugging me to change


I am not sure they offer it to new clients
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  #32  
Old 27.02.2014, 19:19
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Re: Any reason not use UBS?

UBS is good from what I hear from friends but I ended up choosing PostFinance only for one reason, UBS will charge a fee of CHF 70 for every EGP transfer to Egypt, because it's a "wild" currency. PF does it like any other currency for only CHF2.
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  #33  
Old 02.03.2014, 13:51
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Re: Any reason not use UBS?

With UBS as well you need a card reader. This seems to be the default security process for most international banks now.
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  #34  
Old 02.03.2014, 15:10
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Re: Any reason not use UBS?

We've been using UBS now for 2 months since we arrived from the UK and they have been great. We get the first years banking free but then we'll need to decide what to do, as I'm not happy about paying for a bank to hold my money! Sounds like Post Finance are well recommended but will be annoying to change standing orders over etc.
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  #35  
Old 02.03.2014, 15:21
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Re: Any reason not use UBS?

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Raiffeisen seems solid and they have ATMs located at many trainstations around the country.
It's irrelevant, as to which bank owns which ATM - any bank card holder can use any machine, normally without penalty.
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  #36  
Old 02.03.2014, 15:59
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Re: Any reason not use UBS?

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It's irrelevant, as to which bank owns which ATM - any bank card holder can use any machine, normally without penalty.
I have been charged for using a credit suisse machine with a zkb card. Also the withdrawal limit is much lower when using another bank's atm
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  #37  
Old 02.03.2014, 16:10
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Re: Any reason not use UBS?

Raiffeisen uses and app that uses your iPhone/android camera to read a picture on your computer screen and generate a new code each time, no need for a separate device.

The app also uses your phone camera as a scanner for the orange/red payslips, so you don't have to key in the details yourself.

If you have a sizeable account, you become a member and get huge discounts for museum entries, ski passes,etc.

But not much from raiffeisen is in English though...
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  #38  
Old 02.03.2014, 17:52
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Re: Any reason not use UBS?

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I have been charged for using a credit suisse machine with a zkb card. Also the withdrawal limit is much lower when using another bank's atm
I use Raffeisen cashpoints all the time with a Kantonal Bank card, without penalty, or have ever come close to any withdrawal limit.

Not everyone lives in Zurich or uses CS ATMs.
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  #39  
Old 03.03.2014, 19:33
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Re: Any reason not use UBS?

I am using UBS, Postfinance and Migros Cumulus ( credit card issued by Cembra Money Bank) all at the same time. I hate UBS for its outrageously high monthly fee, although I have to admit their e-banking is excellent. Anyway I highly recommend Postfinance and Migros Cumulus.
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Old 03.03.2014, 19:40
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Re: Any reason not use UBS?

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UBS bank has been penalized many times in the past for shady business practices. I think that they are very unethical bank, which is doing all kinds of tricks, manipulations and unlawful practices.

Last year they have paid 1.5 billions in fees to regulators, because they were in conspiracy to manipulate Libor. See the link below for example


UBS fined $1.5bn for Libor rigging




Now, if you want to give them your business despite of what they have been caught and convicted for, feel free. I moved out of UBS last year, as I don't want to do anything with them.

True of course. But the small-customer end of UBS is quite a different beast to the big investor private banking end of UBS.

Of course you can still ask about the ethics of dealing with a bank who doesn't seem to have a problem with such practices. But I don't think you actually need to worry about your account or even the people you deal with being embroiled in these scandals.

But then you should also be asking, for example, is it ethical to drive a car made by a manufactuer who also makes military stuff? It's not the same people who do it, but somehow it's still the same corporation.

Just for the record, my main bank account is with ZKB but I also have some stuff at Migrosbank. I'm happy with both.
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