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Old 14.04.2021, 09:49
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Jim2007 Jim2007 is offline
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Re: PostFinance upping their fees

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So! What's the alternative to PF?
In the long run probably none. The idea of free banking was yet another dumb idea in banking management. Itís just not possible to pull in enough high wealth clients who will buy sufficient other services to cover the costs of giving stuff away. The magic number seems to be around 300b, pushing AUM beyond that figure without costs seems impossible in Europe at least. And the only way to up your share is to steal the clients and that is not free either!

Even the digital only banks are reporting losses.
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