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Old 14.04.2021, 10:33
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Re: PostFinance upping their fees

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Just a quick heads-up, got a letter from PostFinance today that they were upgrading their fees and blablabla and they had analysed my account and found that I fit best into their most expensive option (of course) .
So, starting on 01.07. they wanted to charge me 12.- per month, plus 5.- per month for any paper letters. Which gives a whopping 204.- fee per year for the honour of giving them your money .

If anyone here has a PostFinance account, you can log-in to their website and change the settings (quite well hidden, click on your name in the menu, then "My products", under "Fees", which is such a beauty in graphical design that my old brain couldn't find it for a solid minute, the tiny "Details" button on the right, and then "Check and adapt options", and there you can switch.

Hope this can be helpful to someone else. More details can be found here:
You can:

a) either get the cheapest option (5 chf/month)
b) change bank

"If you do not agree with the new regulations, you can close your savings accounts in writing at any time within one month of receipt of the customer letter. This will not disadvantage you, and any applicable withdrawal limits will be suspended during this month"

Both options give you a 5 chf discount if you have at least 25'000 chf of invested asset or mortgage

I think the paper option should only be used by those who are not familiar with internet & co. As others have pointed out, nobody prevents you from printing whatever you need.

When comparing fees from other banks, I was unable to find something similar (free withdrawals when abroad, etc.) at the same price (12 chf/month or 7 chf month with discount).
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