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Old 11.02.2014, 15:50
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Any reason not use UBS?

Any one have any bank suggestions or any reason not to use UBS?

Also do any banks offer any really amazing benefits for paying higher bank fees?

Cheers
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Old 11.02.2014, 15:54
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Re: Any reason not use UBS?

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Any one have any bank suggestions or any reason not to use UBS?

Also do any banks offer any really amazing benefits for paying higher bank fees?

Cheers

Could be a bit more sociable and try -

migrosbank.ch

or

bankcoop.ch


Have used them for years with no problems.
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Old 11.02.2014, 15:56
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Re: Any reason not use UBS?

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Any one have any bank suggestions or any reason not to use UBS?
I wouldn't bother if you hold a US passport.
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Old 11.02.2014, 15:59
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Re: Any reason not use UBS?

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I wouldn't bother if you hold a US passport.
British Passport! Should be arriving in 3 weeks...
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Old 11.02.2014, 16:00
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Re: Any reason not use UBS?

hi,

I wouldn't go for UBS not the best rates...

But Look at this:

best swiss bank to have an account with

have a great day
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Old 11.02.2014, 16:03
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Re: Any reason not use UBS?

If you want your stuff in English, then UBS, Credit Suisse and PostFinance definitely, not sure which ones of the other banks provide English statements, correspondence, etc.
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Old 11.02.2014, 16:46
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Re: Any reason not use UBS?

I moved from the UK a few years ago and signed up with UBS on arrival. After 2 years paying through the nose just for normal banking (current account, savings and credit card) I moved to PostFinance. Very happy with the service, and if you keep 7.5k in your accounts then it is free.
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Old 11.02.2014, 21:24
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Re: Any reason not use UBS?

I've banked with UBS since I got here 12 years ago. I find my turnover generates sufficient points that it covers nearly all the charges. Got an excellent rate when I renewed my mortgage.

I also have Credit Suisse and BLKB accounts. BLKB's service definitely isn't as good as CS nor UBS.
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Old 12.02.2014, 00:01
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Re: Any reason not use UBS?

With UBS, if you have above some amount you pay 6fr/month, otherwise 8fr/month. But you also get keyclub points, which is 15-20frs usually per trimester (5 if you use maestro, 5 if you get 3 payments to your account and up to 10 for credit card usage if I remember correctly).

So these two tend to cancel out, hence UBS account ends up to be kind of free. Not sure if foregoing some other opportunity though

What I like the most with UBS is their machines where you can pay in your bills easily. I am somewhat reluctant to use online banking
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Old 12.02.2014, 09:17
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Re: Any reason not use UBS?

UBS are ok for daily banking. Becareful to get the package which incls free withdrawals from any machine otherwise those charges can hit you over the year.

However their interest rates are terrible, so if you set up a 3rd pillar (private pension) or a vested benefits account (a holding account for company pension between jobs) I personally use CIC Suisse. I have found the service brilliant, for not a great deal of money the personal service I recieve is second to none and the interest rates are some of the best in Switzerland
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Old 12.02.2014, 09:26
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Re: Any reason not use UBS?

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Could be a bit more sociable and try -

migrosbank.ch

or

bankcoop.ch


Have used them for years with no problems.
I would avoid bankcoop as they've been dealing with massive blunders in recent times.
Apparently, not an isolated case: http://www.20min.ch/finance/news/story/16699363

(in a nutsell, they've been sending out wrong account balance statements from and to many customers)
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Old 12.02.2014, 09:31
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Re: Any reason not use UBS?

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I would avoid bankcoop as they've been dealing with massive blunders in recent times.
Apparently, not an isolated case: http://www.20min.ch/finance/news/story/16699363

(in a nutsell, they've been sending out wrong account balance statements from and to many customers)

As yet, not to me though. Have no problems with them.
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Old 12.02.2014, 10:14
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Re: Any reason not use UBS?

I like UBS but still have one of the "old" accounts where all is free if you overall have at least 10000 CHF with them.


So I do not pay anything at all, can withdraw anywhere, all payments included etc etc


Credit card is excluded but that works for me as then I can choose my provider and not be locked it.


If you can still get this deal versus the "package" I think it is worth it.


K
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Old 12.02.2014, 12:47
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Re: Any reason not use UBS?

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.
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Old 12.02.2014, 13:04
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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.

Who did you move too?
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Old 12.02.2014, 13:06
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Re: Any reason not use UBS?

No one seems to talk badly of Credit Suisse maybe this is a good choice?

Also PostFinance seems like a good option?

Cheers
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Old 12.02.2014, 13:09
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Re: Any reason not use UBS?

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No one seems to talk badly of Credit Suisse maybe this is a good choice?

Also PostFinance seems like a good option?

Cheers
Raiffeisen seems solid and they have ATMs located at many trainstations around the country.
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Old 12.02.2014, 13:48
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Re: Any reason not use UBS?

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No one seems to talk badly of Credit Suisse maybe this is a good choice?

Also PostFinance seems like a good option?

Cheers
PostFinance is a good option if you don't like paying fees, basic stuff at least is free (if you have balance over 7500 you don't pay just for having the account), and they have the site, statements and even support staff in English.

You may not like having to use their card reader thing for online banking - you have to use it each time you log in (would be better if you only had to pull it out for doing transfers, for example).
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Old 12.02.2014, 13:59
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Re: Any reason not use UBS?

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PostFinance is a good option if you don't like paying fees, basic stuff at least is free (if you have balance over 7500 you don't pay just for having the account), and they have the site, statements and even support staff in English.

You may not like having to use their card reader thing for online banking - you have to use it each time you log in (would be better if you only had to pull it out for doing transfers, for example).
Same with UBS. Is there any bank that doesn't require you to log in every time? Sounds like a big security issue if they don't.
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Old 12.02.2014, 14:06
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Re: Any reason not use UBS?

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Same with UBS. Is there any bank that doesn't require you to log in every time? Sounds like a big security issue if they don't.
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?
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