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  #1  
Old 14.09.2012, 15:32
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Low Cost Bank Accounts in Switzerland?

Hi,

I'm moving to Switzerland in the next few weeks and looking for a low cost current account with internet banking in English - any recommendations?
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Old 14.09.2012, 15:43
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Re: Low Cost Bank Accounts in Switzerland?

Welcome to the forum. Postfinance might be an option ( many threads available when searched on Postfinance ).

https://www.postfinance.ch/

https://www.postfinance.ch/en/priv/p...fin/offer.html

Last edited by jrspet; 16.09.2012 at 22:50.
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  #3  
Old 14.09.2012, 16:13
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Re: Low Cost Bank Accounts in Switzerland?

I second PostFinance, I don't think it can get any cheaper than them.
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Old 14.09.2012, 16:20
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Re: Low Cost Bank Accounts in Switzerland?

UBS offered the 1st year free a couple of months ago, not sure if this offer is still in place. And it's all in English...
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Old 14.09.2012, 16:42
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Re: Low Cost Bank Accounts in Switzerland?

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UBS offered the 1st year free a couple of months ago, not sure if this offer is still in place. And it's all in English...
PF is also fully english, I did also all paperwork without knowing a single french word
You cannot get lower than paying 0 (if you have 7500 or something CHF on account).
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Old 14.09.2012, 17:30
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Re: Low Cost Bank Accounts in Switzerland?

Thank you for all your replies.

is Postbank still reasonable if you are not making a large deposit? This would primarily be an everyday account for salary, standing orders, withdrawals and making payments.

Postbank is charging 3 CHF/ month for the account and 12 CHF/ year for the Post finance Card

Looked into UBS too, they charge CHF 2 per month with internet only banking and 40 CHF / year for the Maestro Card. I could only find a reference to the basic credit card being free for the first year.
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Old 14.09.2012, 17:36
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Re: Low Cost Bank Accounts in Switzerland?

Postfinance is good, if you dont mind not being able to use it everwhere or purchasing things online, or random sporadic breaking of the card...the magnetic strip is very tempremental. I had 3 cards in as many months, and dont own any magnets as far as I am aware.
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Old 14.09.2012, 17:44
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Re: Low Cost Bank Accounts in Switzerland?

I would be looking to use the card everywhere - including online purchases! any advances on PostFinance?
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Old 14.09.2012, 18:42
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Re: Low Cost Bank Accounts in Switzerland?

They have a few cards that is linked to your PF account.

PostFinance Prepaid Mastercard
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Old 14.09.2012, 19:08
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Re: Low Cost Bank Accounts in Switzerland?

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UBS offered the 1st year free a couple of months ago, not sure if this offer is still in place. And it's all in English...
It's still in place. Maestro debit card, Matercard or Visa credit card, current account, saving accoun, and retirement account are included.
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Old 14.09.2012, 20:10
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Re: Low Cost Bank Accounts in Switzerland?

Thanks for the replies,

Does anyone know if the UBS offer (free for the first year) applies to withdrawals from non UBS bancomats / ATMs that would nromally be charged at 2CHF?
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Old 17.09.2012, 08:58
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Re: Low Cost Bank Accounts in Switzerland?

There's no charge for withdrawals in Switzerland
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Old 18.09.2012, 21:16
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Re: Low Cost Bank Accounts in Switzerland?

recommend UBS .. if you take their credit card you get UBS points every quarter, which you can then use at various shops or with Swiss Air. Even after they started charging me in the second year, it still netted out with these points. Also their internet site is great - very easy to use and never had a problem with it.
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Old 18.09.2012, 21:28
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Re: Low Cost Bank Accounts in Switzerland?

ZKB has nice student offerings as well. And it is less exposed to the world finance then the big ones and thus probably rather stable.
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Old 18.09.2012, 21:33
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Raiffeisen is another low cost bank
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Old 19.09.2012, 07:46
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Re: Low Cost Bank Accounts in Switzerland?

Hi
USB is very good value for the first year - essentially everything is for free and in English, with good personal service at the branch
One big watch out, is that you pay for the account from year 2 onwards
When you decide what cards you want, make sure that you understand what they will cost you from year 2, as downgrading carries an administration charge - basic cards are cheaper than gold cards, but they will encorouge you to take gold cards in the free period (there is nort a lot of difference between them other than the colour unless you are a real big spender..
cheers
Neil
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Old 19.09.2012, 08:25
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Re: Low Cost Bank Accounts in Switzerland?

A word about the cards: read the terms and conditions very carefully, or use en.comparis.ch to estimate your yearly usage costs. The cheaper cards are usually subject to hefty hidden fees for various things (including foreign transactions - and if you will live in Geneva, Basel or anywhere near the border, you might have a lot of those).
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Old 21.06.2013, 15:45
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Re: Low Cost Bank Accounts in Switzerland?

Is there no such thing as a no-fee bank account in Switzerland? Even for an online/telephone banking only account?
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Old 21.06.2013, 16:12
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Re: Low Cost Bank Accounts in Switzerland?

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Is there no such thing as a no-fee bank account in Switzerland?
UBS and PF are free if you have an average balance above a certain amount, there are probably others.

Tom
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Old 21.06.2013, 16:37
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Re: Low Cost Bank Accounts in Switzerland?

I pay 3 Francs a month for mine. No minimum balance or number of transactions required. Seems okay to me.
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