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Old 04.03.2015, 10:18
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Looking to change banks

Hi all!

I know there have been quite a few posts asking about what the best value bank account is. I am currently with UBS, having initially got tempted by the free first year deal, and obviously being able to use the debit card in any Swiss bank ATM for free. However, I've been reading about Post Finance being a better deal - (free if balance is over 7500 francs). I know the UBS offer a free account if the balance is over 10000 francs, but I found out that this is only if you don't have the package (e-banking, credit card, savings account etc.). Otherwise it is still 10 francs a month, plus their V Pay card is 40 francs a year. Obviously because I use the internet a lot, I need the credit card because Swiss debit cards can't be used online. I'm not looking to borrow. I also am used to managing bank accounts online. So really I'm just trying to get these services without too many, if any, fees. I accept that there is probably an annual fee for the cards. Seems to be the same with most main banks.

So, I'm just wondering what your experiences are with Post, and whether it is a better deal?
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Old 04.03.2015, 10:21
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Re: Looking to change banks

Have you done a search for the many, many threads which deal with this exact same and very popular topic?
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Old 04.03.2015, 15:17
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Re: Looking to change banks

Yes, as I said, I've Googled and searched a bit on here and found quite a few threads mentioning Post Finance, but obviously most were dated a little while back! Things do change all the time, so I'm just looking for the most up-to-date info.. I had a look on the bank's website, and of course it's presented attractively and positive, but that is also advertising. I'm just trying to get an idea of the most up-to-date opinions of real people, and maybe details of any other banks I might have overlooked which might offer a good deal long-term.
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Old 04.03.2015, 15:42
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Re: Looking to change banks

If you type "which bank" into the forum search function there are numerous recent results.
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Old 04.03.2015, 19:59
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Re: Looking to change banks

There is no charge for UBS e-banking. There is a nominal charge for UBS credit cards. Neither of these are affected by having a 10 000 balance.


You should speak to your branch about what the charges are likely to be in your second year instead of listening to gossip however well intentioned it is.
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Old 07.03.2015, 17:11
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Re: Looking to change banks

Got accounts with UBS and Post finance. Prefer Post and I find their fees are lower. The only thing is the Post debit card never seems to work outside Switzerland.
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Old 07.03.2015, 17:32
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Re: Looking to change banks

Get a prepaid credit card from them. It's nice especially for swiping outside of Switzerland.
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Old 07.03.2015, 18:51
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Re: Looking to change banks

If you're a normal wage-earner, Postfinance is great. Much more convenient than either of the big two.

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Get a prepaid credit card from them. It's nice especially for swiping outside of Switzerland.
Be aware that there are some restrictions on prepaid cards. E.g. you can't hire a car with one.
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Old 07.03.2015, 19:20
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Re: Looking to change banks

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If you're a normal wage-earner, Postfinance is great. Much more convenient than either of the big two.



Be aware that there are some restrictions on prepaid cards. E.g. you can't hire a car with one.

I'm really only wanting a credit card for internet shopping and booking hotels/flights etc.. Not really concerned about the hire car thing, as I don't drive! If it was a normal credit card, I'd just pay it off in full at the end of the month.

It's just a case of whether Prepaid or the standard credit card would be cheaper to run. My other current account is with Kantonal Bank (BL) and they gave me the standard silver Mastercard, which has been handy. Obviously, the being restricted to Kantonal access and only being able to use Kantonal Bank ATMs to draw out money, was a bit of an inconvenience; hence, I looked at UBS and am trialling them.

I am probably going to move to Post after my free year thing is up. I'll have over 7500 francs, so it'll be free, and I'll just keep my Kantonal Bank account and Mastercard for online stuff, unless Post offer a more attractive credit card.

Many thanks for your help.

Last edited by GirlExotica; 07.03.2015 at 19:23. Reason: Typo
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Old 07.03.2015, 19:25
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Re: Looking to change banks

Post credit card is CHF50/year AFAIK.

Bonus Card is free if you spend CHF300/year...
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Old 07.03.2015, 19:38
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Re: Looking to change banks

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IIt's just a case of whether Prepaid or the standard credit card would be cheaper to run. My other current account is with Kantonal Bank (BL) and they gave me the standard silver Mastercard, which has been handy. Obviously, the being restricted to Kantonal access and only being able to use Kantonal Bank ATMs to draw out money, was a bit of an inconvenience; hence, I looked at UBS and am trialling them.
There's really no difference between the Postfinance prepaid card and standard credit card. Both cost CHF 50 per year and give back 0.5% (first year is higher, I think). In that case, the credit card is better since it is more flexible.

You can see the details on this page:

https://www.postfinance.ch/en/priv/p...d/compare.html
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Old 07.03.2015, 20:07
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Re: Looking to change banks

Find the most suitable package across issuer at https://en.comparis.ch/kreditkarten/default.aspx
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