Go Back   English Forum Switzerland > Help & tips > Finance/banking/taxation  
Reply
 
Thread Tools Display Modes
  #21  
Old 13.10.2018, 17:14
Senior Member
 
Join Date: Sep 2016
Location: Greater Zurich
Posts: 371
Groaned at 10 Times in 7 Posts
Thanked 78 Times in 59 Posts
higgsboson has slipped a little
Re: Postfinance done with free accounts

Quote:
View Post
Anyone know if it's possible to cancel an account for free due to the new charges?

I recently opened an account with PF in order to change from UBS (as they charge a monthly fee) - turned out to be a disaster!
What should they charge you for in the first place? I once changed from UBS to PF and don't remember paying any cancellation charges or things like that.

Last edited by higgsboson; 13.10.2018 at 18:55.
Reply With Quote
The following 2 users would like to thank higgsboson for this useful post:
  #22  
Old 13.10.2018, 17:27
Newbie 1st class
 
Join Date: Feb 2015
Location: Zurich
Posts: 25
Groaned at 0 Times in 0 Posts
Thanked 13 Times in 11 Posts
Istcantabria has no particular reputation at present
Re: Postfinance done with free accounts

Quote:
View Post
It's quite disappointing, but at least their joint account is still better than the competitors with that price, and e-banking is slightly easier to use.
It seems that if you have more than 25.000 CHF invested in funds (including retirement funds if 3rd pillar) it will continue being free...
Reply With Quote
This user would like to thank Istcantabria for this useful post:
  #23  
Old 13.10.2018, 17:29
Forum Veteran
 
Join Date: Mar 2014
Location: Neuchatel
Posts: 607
Groaned at 1 Time in 1 Post
Thanked 239 Times in 165 Posts
Enohzee is considered knowledgeableEnohzee is considered knowledgeableEnohzee is considered knowledgeable
Re: Postfinance done with free accounts

Quote:
View Post
What should they charge you for in the first place? I once changed from UBS to PF and don't remember paying any cancellation charges or things like that?
OK cool... in that case, I'll cancel my new PF account and stay with UBS

Thanks!
Reply With Quote
This user would like to thank Enohzee for this useful post:
  #24  
Old 13.10.2018, 17:29
Forum Veteran
 
Join Date: Mar 2014
Location: Neuchatel
Posts: 607
Groaned at 1 Time in 1 Post
Thanked 239 Times in 165 Posts
Enohzee is considered knowledgeableEnohzee is considered knowledgeableEnohzee is considered knowledgeable
Re: Postfinance done with free accounts

Quote:
View Post
It seems that if you have more than 25.000 CHF invested in funds (including retirement funds if 3rd pillar) it will continue being free...
I believe they charge the 'usual' crazy 1.7% p/a fees for their funds so they'll easily make more than a measly 5CHF a month :P
Reply With Quote
This user would like to thank Enohzee for this useful post:
  #25  
Old 13.10.2018, 17:38
Forum Veteran
 
Join Date: Feb 2012
Location: CH
Posts: 2,304
Groaned at 87 Times in 73 Posts
Thanked 2,002 Times in 1,123 Posts
ivank has a reputation beyond reputeivank has a reputation beyond reputeivank has a reputation beyond reputeivank has a reputation beyond repute
Re: Postfinance done with free accounts

Any good/bad experiences with Crédit Agricole next bank and Migros who seem to still have free accounts?

Quote:
View Post
i am with bank cler online banking, the fee is only 2 sfr a month.
But that's not free

30 Fr for Maestro card. And if I want a second one for euro account, it's same price as postfinance

Quote:
View Post
It seems that if you have more than 25.000 CHF invested in funds
Sucky funds that'll cost you more than 60 CHF per year one way or another

Last edited by ivank; 13.10.2018 at 17:48.
Reply With Quote
  #26  
Old 13.10.2018, 18:04
omtatsat's Avatar
Forum Legend
 
Join Date: Oct 2007
Location: Timbuktoo/Zürich
Posts: 7,311
Groaned at 1,301 Times in 705 Posts
Thanked 3,041 Times in 1,966 Posts
omtatsat omtatsat omtatsat omtatsat omtatsat
Re: Postfinance done with free accounts

Quote:
View Post
Now that postfinance showed the middle finger to small time savers I'm considering to return them the favor

Which bank are you switching to next year? Any good ones with euro accounts?
I use this bank

www.underthepillow.ch
Reply With Quote
This user would like to thank omtatsat for this useful post:
  #27  
Old 13.10.2018, 18:44
jacek's Avatar
Forum Legend
 
Join Date: Oct 2007
Location: Aargau
Posts: 8,046
Groaned at 105 Times in 80 Posts
Thanked 5,529 Times in 3,111 Posts
jacek has a reputation beyond reputejacek has a reputation beyond reputejacek has a reputation beyond reputejacek has a reputation beyond reputejacek has a reputation beyond reputejacek has a reputation beyond repute
Re: Postfinance done with free accounts

I also got the letter yesterday informing about the above.

Is that a negative inflation rate (deflation) or simply not enough in the institutional coffers to pay bank employees their fat salaries?

Soon we should ask our employers to pay us only in cash.
Reply With Quote
This user would like to thank jacek for this useful post:
  #28  
Old 13.10.2018, 18:45
Forum Legend
 
Join Date: Mar 2009
Location: Zurich
Posts: 11,414
Groaned at 632 Times in 466 Posts
Thanked 15,288 Times in 5,986 Posts
Chuff has a reputation beyond reputeChuff has a reputation beyond reputeChuff has a reputation beyond reputeChuff has a reputation beyond reputeChuff has a reputation beyond reputeChuff has a reputation beyond repute
Re: Postfinance done with free accounts

Quote:
View Post
Now that postfinance showed the middle finger to small time savers I'm considering to return them the favor

Which bank are you switching to next year? Any good ones with euro accounts?
Tell me a 'bank' that is cheaper than PF even with their new charges?
Reply With Quote
The following 2 users would like to thank Chuff for this useful post:
  #29  
Old 13.10.2018, 18:47
omtatsat's Avatar
Forum Legend
 
Join Date: Oct 2007
Location: Timbuktoo/Zürich
Posts: 7,311
Groaned at 1,301 Times in 705 Posts
Thanked 3,041 Times in 1,966 Posts
omtatsat omtatsat omtatsat omtatsat omtatsat
Re: Postfinance done with free accounts

Quote:
View Post
I also got the letter yesterday informing about the above.

Is that a negative inflation rate (deflation) or simply not enough in the institutional coffers to pay bank employees their fat salaries?

Soon we should ask our employers to pay us only in cash.
They have to pay alot back because of their fraud with postauto a few months back. So they are now getting back at the customers. You should close your account
Reply With Quote
  #30  
Old 13.10.2018, 18:57
Senior Member
 
Join Date: Sep 2016
Location: Greater Zurich
Posts: 371
Groaned at 10 Times in 7 Posts
Thanked 78 Times in 59 Posts
higgsboson has slipped a little
Re: Postfinance done with free accounts

Quote:
View Post
OK cool... in that case, I'll cancel my new PF account and stay with UBS

Thanks!
Check with them. There most probably is a notice date. I may have been lucky or just charged without realising. Anyway it took a few months from opening the new account to closing the old one.
Reply With Quote
  #31  
Old 13.10.2018, 19:01
jacek's Avatar
Forum Legend
 
Join Date: Oct 2007
Location: Aargau
Posts: 8,046
Groaned at 105 Times in 80 Posts
Thanked 5,529 Times in 3,111 Posts
jacek has a reputation beyond reputejacek has a reputation beyond reputejacek has a reputation beyond reputejacek has a reputation beyond reputejacek has a reputation beyond reputejacek has a reputation beyond repute
Re: Postfinance done with free accounts

Quote:
View Post
Tell me a 'bank' that is cheaper than PF even with their new charges?
There is no such a straightforward answer to this question. One needs to evaluate one’s personal circumstances in terms of e.g. age, what package is for one suitable and how frequently one uses CC, savings account, 3a Pillar account and so on and so forth. Horses for courses. What could be worthwhile though is to check one’s own calculations based on one’s savings by using a tool:

https://www.moneyland.ch/en/bankingPackage/list
Reply With Quote
This user would like to thank jacek for this useful post:
  #32  
Old 13.10.2018, 19:11
Forum Veteran
 
Join Date: Feb 2012
Location: CH
Posts: 2,304
Groaned at 87 Times in 73 Posts
Thanked 2,002 Times in 1,123 Posts
ivank has a reputation beyond reputeivank has a reputation beyond reputeivank has a reputation beyond reputeivank has a reputation beyond repute
Re: Postfinance done with free accounts

Quote:
View Post
Tell me a 'bank' that is cheaper than PF even with their new charges?
Migros?
Reply With Quote
  #33  
Old 13.10.2018, 19:15
jacek's Avatar
Forum Legend
 
Join Date: Oct 2007
Location: Aargau
Posts: 8,046
Groaned at 105 Times in 80 Posts
Thanked 5,529 Times in 3,111 Posts
jacek has a reputation beyond reputejacek has a reputation beyond reputejacek has a reputation beyond reputejacek has a reputation beyond reputejacek has a reputation beyond reputejacek has a reputation beyond repute
Re: Postfinance done with free accounts

More important question is if they are also willing to adjust an interest rate on savings account which already seats at 0.0% in order to ease the pain. Even mediocre positive bugger all move would do
Reply With Quote
  #34  
Old 13.10.2018, 19:18
Senior Member
 
Join Date: Sep 2016
Location: Greater Zurich
Posts: 371
Groaned at 10 Times in 7 Posts
Thanked 78 Times in 59 Posts
higgsboson has slipped a little
Re: Postfinance done with free accounts

Quote:
View Post
Tell me a 'bank' that is cheaper than PF even with their new charges?
ZKB says 12 CHF per year. Is there a catch? :/
Reply With Quote
This user would like to thank higgsboson for this useful post:
  #35  
Old 13.10.2018, 19:20
Forum Veteran
 
Join Date: Feb 2012
Location: CH
Posts: 2,304
Groaned at 87 Times in 73 Posts
Thanked 2,002 Times in 1,123 Posts
ivank has a reputation beyond reputeivank has a reputation beyond reputeivank has a reputation beyond reputeivank has a reputation beyond repute
Re: Postfinance done with free accounts

Quote:
View Post
ZKB says 12 CHF per year. Is there a catch? :/
They want an extra 40 CHF for the debit card
Reply With Quote
The following 4 users would like to thank ivank for this useful post:
  #36  
Old 14.10.2018, 07:42
omtatsat's Avatar
Forum Legend
 
Join Date: Oct 2007
Location: Timbuktoo/Zürich
Posts: 7,311
Groaned at 1,301 Times in 705 Posts
Thanked 3,041 Times in 1,966 Posts
omtatsat omtatsat omtatsat omtatsat omtatsat
Re: Postfinance done with free accounts

Quote:
View Post
They want an extra 40 CHF for the debit card
I pay 8CHF a month for ZKB inclusive silver
Reply With Quote
This user would like to thank omtatsat for this useful post:
  #37  
Old 14.10.2018, 09:05
robBob's Avatar
Forum Veteran
 
Join Date: Mar 2012
Location: Zurich
Posts: 1,765
Groaned at 31 Times in 19 Posts
Thanked 1,367 Times in 788 Posts
robBob has an excellent reputationrobBob has an excellent reputationrobBob has an excellent reputationrobBob has an excellent reputation
Re: Postfinance done with free accounts

Quote:
View Post
I pay 8CHF a month for ZKB inclusive silver

What!

Thought you do night withdrawals at bed time?
Reply With Quote
  #38  
Old 14.10.2018, 09:51
robBob's Avatar
Forum Veteran
 
Join Date: Mar 2012
Location: Zurich
Posts: 1,765
Groaned at 31 Times in 19 Posts
Thanked 1,367 Times in 788 Posts
robBob has an excellent reputationrobBob has an excellent reputationrobBob has an excellent reputationrobBob has an excellent reputation
Re: Postfinance done with free accounts

Quote:
View Post
I believe they charge the 'usual' crazy 1.7% p/a fees for their funds so they'll easily make more than a measly 5CHF a month :P

What 1.7 % fee?

All funds have a management fee, most even higher!
Reply With Quote
  #39  
Old 14.10.2018, 10:17
robBob's Avatar
Forum Veteran
 
Join Date: Mar 2012
Location: Zurich
Posts: 1,765
Groaned at 31 Times in 19 Posts
Thanked 1,367 Times in 788 Posts
robBob has an excellent reputationrobBob has an excellent reputationrobBob has an excellent reputationrobBob has an excellent reputation
Re: Postfinance done with free accounts

Quote:
View Post
Migros?
Not so good as one might believe.

https://www.moneyland.ch/en/privateAccount/list

Sure one gets a free Maestro card.

But its only free to use at a Migros ATM.
Reply With Quote
  #40  
Old 14.10.2018, 10:35
Forum Legend
 
Join Date: Mar 2009
Location: Zurich
Posts: 11,414
Groaned at 632 Times in 466 Posts
Thanked 15,288 Times in 5,986 Posts
Chuff has a reputation beyond reputeChuff has a reputation beyond reputeChuff has a reputation beyond reputeChuff has a reputation beyond reputeChuff has a reputation beyond reputeChuff has a reputation beyond repute
Re: Postfinance done with free accounts

Quote:
View Post
Migros?
Eek, really?

1) No English language services.
2) Online banking is nowhere near (not even in the same ball park) as mature or user friendly as PF.

You really think a 60chf yearly charge is worth making your life more difficult out of some misguided principle that they shouldn't charge anything despite it being standard in the Swiss banking industry? It's like shooting yourself in the foot for the sake of something that in the end is, realistically, financially immaterial.

Last edited by Chuff; 14.10.2018 at 10:50.
Reply With Quote
This user would like to thank Chuff for this useful post:
Reply




Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
No-Go with PostFinance Ocean8 Finance/banking/taxation 93 05.06.2016 16:28
Postfinance closing American Accounts? Wisescarab Finance/banking/taxation 153 26.12.2013 21:07
Email accounts with privacy Jonesy TV/internet/telephone 39 31.08.2013 10:01
Americans with Kantonalbank accounts olygirl Finance/banking/taxation 0 16.10.2011 12:26
free bank accounts in Switzerland? zinneken Finance/banking/taxation 24 22.09.2011 15:56


All times are GMT +2. The time now is 13:40.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2019, Jelsoft Enterprises Ltd.
LinkBacks Enabled by vBSEO 3.1.0