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  #101  
Old 09.02.2019, 22:07
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Re: Postfinance done with free accounts

Moved my 3a Pillar savings to the new bank and the process seemed to be rather straightforward.
1. Open 3a account in another bank.
2. Receive a proof of new account from the bank.
3. Send a cancellation form to the previous bank via registered letter with details of new 3a account.
A week later the money was reflected on the new 3a Pillar account.
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  #102  
Old 09.02.2019, 22:38
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Re: Postfinance done with free accounts

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How about UBS? I think their package includes a credit card, which you have to pay at PF (at least 60 CHF/year I believe).
I am not an UBS customer, but I think the monthly fee is partly offset by discount you get, e.g., for Migros.
Can anyone confirm that?
I would highly recommend using a service like Transferwise for your credit card needs. It's a prepaid credit card but if you need something just for online and overseas shopping, prepaid is fine.
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  #103  
Old 10.02.2019, 11:06
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Re: Postfinance to be more expensive

Finally i decided to join in English Forum, very helpful community!

I also was very upset with the news that PF raising rates, someone here above in thread recommended to use Credit Agricole next bank. I have checked that option - in nutshell:

1)If you have more than 20k CHF or other currency equivalent - account maintenance is free
2) If you want to have EUR card (to withdraw cash from ATMs) you have to pay (don't remember exactly how much approx 5-10chf per month) for that i use Revolut.

Among obvious minuses in German part they have branches only in Basel and in Zurich. Cash in USD you can top up only in Geneva, but you can use ATMs of other swiss banks for free(to withdraw). top up cash in chf/eur - only in offices, since they don't have much of ATMs

Among Pluses they pay small interest to you. I think for chf and eur it is 0.4%, you can have also boost up to 1% interest for few month.


Personally I am more than happy with them (using with combination to Revolut and Transfer wise)
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  #104  
Old 10.02.2019, 12:07
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Re: Postfinance done with free accounts

Has anyone else not been charged the new monthly fee? Just logged in to get my tax docs, decided to transfer a chunk over to UBS since being over 7'500 no longer saves the 5- month... and saw that I haven't actually been charged.



Tried to cancel the transfer but couldn't. Safe to assume they'll come around for it, huh?
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  #105  
Old 10.02.2019, 12:24
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Re: Postfinance done with free accounts

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Has anyone else not been charged the new monthly fee? Just logged in to get my tax docs, decided to transfer a chunk over to UBS since being over 7'500 no longer saves the 5- month... and saw that I haven't actually been charged.
I believe the January charge appears only at the end of February. We have not been charged either.

If you check previous months statements, the charge appears to be always for the month previous to that one. An odd way of doing it, but it's like that.
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  #106  
Old 10.02.2019, 12:24
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Re: Postfinance done with free accounts

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Has anyone else not been charged the new monthly fee? Just logged in to get my tax docs, decided to transfer a chunk over to UBS since being over 7'500 no longer saves the 5- month... and saw that I haven't actually been charged.
Same here - wasn’t charged for Jan.
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  #107  
Old 11.02.2019, 08:18
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Re: Postfinance done with free accounts

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Same here - wasn’t charged for Jan.
It will be on February's statement.
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  #108  
Old 15.02.2019, 10:59
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Re: Postfinance to be more expensive

I wonder how many people have actually closed their accounts or are in the process of doing so because of the new annual charge of CHF 60.--.

We are in the process of closing one of our accounts with them to avoid the charge and they have said they are experiencing high levels of requests and that it can take up to 4 weeks to close.
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  #109  
Old 15.02.2019, 11:12
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Re: Postfinance to be more expensive

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I wonder how many people have actually closed their accounts or are in the process of doing so because of the new annual charge of CHF 60.--.

We are in the process of closing one of our accounts with them to avoid the charge and they have said they are experiencing high levels of requests and that it can take up to 4 weeks to close.
I closed my accounts in December. Was handled within a couple of weeks.
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  #110  
Old 15.02.2019, 11:15
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Re: Postfinance to be more expensive

It was 4 days before they replied to the request online and now today quoting 4 further weeks. Not impressed. I am assuming it because they have an influx of account closure requests. A lot of people will have had small amounts in little-used accounts that they were able to keep for free. Of course this is now changing and people are moving their money.
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  #111  
Old 15.02.2019, 12:11
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Re: Postfinance to be more expensive

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I wonder how many people have actually closed their accounts or are in the process of doing so because of the new annual charge of CHF 60.--.

We are in the process of closing one of our accounts with them to avoid the charge and they have said they are experiencing high levels of requests and that it can take up to 4 weeks to close.
I did it last week and was handled quite fast, in 1-2 days only
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  #112  
Old 15.02.2019, 12:28
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Re: Postfinance to be more expensive

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I did it last week and was handled quite fast, in 1-2 days only
We're hoping that the message we received is a standard one and that it will be closed by the end of this month. We've already transferred almost the entire balance anyway.
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  #113  
Old 15.02.2019, 12:52
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Re: Postfinance to be more expensive

I shut our remaining PF account before Xmas. We only used it for household stuff and I'll be buggered if I'm paying them for that.
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  #114  
Old 15.02.2019, 13:00
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Re: Postfinance to be more expensive

For those that are closing / have closed their accounts at PF, it would be interesting to hear where you are moving to and how much the new accounts cost.
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  #115  
Old 15.02.2019, 13:56
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Re: Postfinance to be more expensive

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For those that are closing / have closed their accounts at PF, it would be interesting to hear where you are moving to and how much the new accounts cost.
We switched to Raiffeisen since we have our mortgage with them. We kept hold of the PF account to use for groceries, petrol etc, but it seemed pointless paying for another account we didn't really need.
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  #116  
Old 15.02.2019, 13:59
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Re: Postfinance to be more expensive

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For those that are closing / have closed their accounts at PF, it would be interesting to hear where you are moving to and how much the new accounts cost.
In our case nowhere as yet. I'm still keeping a PF account in my name as it is my only Swiss account and until recently we had a mortgage with them. We're simply closing the account that's in my husband's name so we don't have to pay the charge twice.
I'm probably getting rid of the PF credit card as well.
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  #117  
Old 15.02.2019, 18:02
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Re: Postfinance to be more expensive

Has anyone been charged? I looked at my January statement and I'm still given free services for 7500.
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  #118  
Old 15.02.2019, 18:03
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Re: Postfinance to be more expensive

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Has anyone been charged? I looked at my January statement and I'm still given free services for 7500.
The charge will only appear on the February statement. It is always charged at the end of the following month. On January's there was nothing because December 2018 was still free.

Already discussed here: https://www.englishforum.ch/finance-...ccounts-4.html
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  #119  
Old 15.02.2019, 22:56
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Re: Postfinance to be more expensive

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The charge will only appear on the February statement. It is always charged at the end of the following month. On January's there was nothing because December 2018 was still free.

Already discussed here: https://www.englishforum.ch/finance-...ccounts-4.html
Thanks, I have merged the threads to keep the relevant info together.
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  #120  
Old 08.11.2019, 15:39
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Re: Postfinance done with free accounts

I was checking the monthly credit card statement from Postfinance and I noted the following statement:

"From 1 January 2020, this fee (1.20%) will also apply to international transactions in Swiss francs".

I get that when you pay on a foreign currency there are some conversions costs. But when you pay in CHF as well? Seriously?

Any credit card alternative? I have Revolut but there are certain occasions where you cannot use it (rental cars, etc.)...

Thanks
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