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  #41  
Old 11.06.2019, 22:42
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Re: neon-free = free CHF account?

I'm thinking about opening an account with neon, I just moved to Zurich but I don't have the physical permit yet, but I already registered in the Gemeinden and I have to wait 2 weeks for the permit. Could I open an account?
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  #42  
Old 12.06.2019, 05:57
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Re: neon-free = free CHF account?

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I'm thinking about opening an account with neon, I just moved to Zurich but I don't have the physical permit yet, but I already registered in the Gemeinden and I have to wait 2 weeks for the permit. Could I open an account?
Unfortunately you need to wait for your permit to arrive before you can open an account. It normally comes quite quickly though, and you can already start the process of opening an account. The first part is signing up. The second part of the process is to schedule a call with them (they will call you) where you will need both your passport and permit. It's at this point where they scan the ID documents for verification.
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  #43  
Old 18.06.2019, 21:25
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Re: neon-free = free CHF account?

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I'm thinking about opening an account with neon, I just moved to Zurich but I don't have the physical permit yet, but I already registered in the Gemeinden and I have to wait 2 weeks for the permit. Could I open an account?
Be aware, it takes ca. 2 weeks to receive the physical card.
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  #44  
Old 01.07.2019, 21:50
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Re: neon-free = free CHF account?

Anyone has experience with the neon partner E-INVEST or ELVIA? Seems to have a reasonable fee: 0.55% administration, 0.17% product fee.
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  #45  
Old 01.07.2019, 21:59
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Re: neon-free = free CHF account?

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Anyone has experience with the neon partner E-INVEST or ELVIA? Seems to have a reasonable fee: 0.55% administration, 0.17% product fee.
Why would you want to do that?
An ETF such as VTI would cost you 0.04% (US stocks only), something like VT or IWDA (if you prefer EU based ETFs) would cost you at most 0.2%.
And if you buy them using a low cost broker such as Interactive Brokers that does not charge any administration fee for portfolios > 100K then the "reasonable 0.55% administration fee" looks very unreasonable
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  #46  
Old 02.07.2019, 07:57
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Re: neon-free = free CHF account?

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Why would you want to do that?
An ETF such as VTI would cost you 0.04% (US stocks only), something like VT or IWDA (if you prefer EU based ETFs) would cost you at most 0.2%.
And if you buy them using a low cost broker such as Interactive Brokers that does not charge any administration fee for portfolios > 100K then the "reasonable 0.55% administration fee" looks very unreasonable
Good point. I need to find a good platform outside CH.
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  #47  
Old 23.05.2020, 11:39
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Re: neon-free = free CHF account?

And how is it? It's been a while and I wonder if people are happy with it?
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  #48  
Old 23.05.2020, 12:35
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Re: neon-free = free CHF account?

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And how is it? It's been a while and I wonder if people are happy with it?
Yeah for me it's been as I've expected. In the sense that I only use it to get my salary and pay bills or bank transfers. My day to day spending is on a credit card and I use the scan to pay feature to pay the bill. I scan off the computer screen and that works we. I can't complain really. No fees and the app has been reliable.

Also they won a big investment from the Swiss variation of the dragons den /shark tank a few months back

Last edited by maninwhitecoat; 23.05.2020 at 12:36. Reason: Typo
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  #49  
Old Yesterday, 15:40
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Re: neon-free = free CHF account?

I've just started using NEON and so far so good. I made the application on Sunday and since they have someone on call to verify your identity 24/7 I was able to finish the application process in 20 mins.

I think with PostFinance raising its fee, this is a good alternative.

I used a referral code so was able to get a 20 CHF Welcome Bonus.

Here's a referral code to get 10 CHF Welcome bonus: FTUVM6
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  #50  
Old Yesterday, 22:39
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Re: neon-free = free CHF account?

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With Neon, you can have up to 24’000 CHF in transactions every day. With your card, you can withdraw up to 1000 CHF each day. You can spend 5000 CHF online and 5000 CHF in stores every day with the card. But there is a monthly limit of 10’000 CHF with the card.

the last bit - 10k per month per card, is this in egress direction? then how this correlates with 24k in transactions per day?


Zak has a limitation of 10k out per month, 5k per day. So if you need to move a substantial amount of funds with these online banks you are in for some negotiations it seems.
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