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Old 12.02.2019, 16:35
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EUR bank account with minimal fees

Is there any Swiss bank where I can open an EUR account and deposit EUR cash in it, and does not charge a percentage for every EUR cash withdrawal? I have looked into PostFinance and Migros, which allow initial cash deposit, but charge at least 1% and transaction fees for EUR cash. I just want to put 10-15k in it (if relevant). Thanks.
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Old 12.02.2019, 16:45
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Re: EUR bank account with minimal fees

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I have looked into PostFinance and Migros, which allow initial cash deposit, but charge at least 1% and transaction fees for EUR cash.
What exactly are these 1% fees that you are referring to? I have a PF EUR account and have had no fees charged so far.
There is no charge for paying in EUR cash (banknotes only) at the counter or at a Postomat with the paying-in function, if you have a PF EUR Postcard with you at the time of deposit. 20 deposits a month are free. Has this changed?
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Old 12.02.2019, 17:39
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Re: EUR bank account with minimal fees

Even though it is a German bank, I think DKB (Deutsche Kreditbank) might offer what you are looking for. You can open an account without any fees and withdraw EUR around the globe.
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Old 12.02.2019, 17:42
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Re: EUR bank account with minimal fees

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Even though it is a German bank, I think DKB (Deutsche Kreditbank) might offer what you are looking for. You can open an account without any fees and withdraw EUR around the globe.
This is true. My husband has an account with DKB. You do not need to be a resident of Germany to open it.
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Old 12.02.2019, 17:47
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Re: EUR bank account with minimal fees

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Is there any Swiss bank where I can open an EUR account and deposit EUR cash in it, and does not charge a percentage for every EUR cash withdrawal? I have looked into PostFinance and Migros, which allow initial cash deposit, but charge at least 1% and transaction fees for EUR cash. I just want to put 10-15k in it (if relevant). Thanks.

Any bank charges for note withdrawal apart from notes in their own currency, it's called disageo.


The banks have to "pay" for notes, they need to be transported, financed until they are purchased etc etc so either you pay a disageo or you get a crap exchange rate that includes the disageo.
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Old 12.02.2019, 17:52
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Re: EUR bank account with minimal fees

From PF website
https://www.postfinance.ch/en/privat...count-eur.html

Cash withdrawals at post offices
1% commission (withdrawals in Swiss francs are free of charge)

Cash withdrawals at ATMs
CHF 2 for withdrawals in Swiss francs
CHF 5 for withdrawals in euros
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Old 12.02.2019, 17:56
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Re: EUR bank account with minimal fees

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From PF website
https://www.postfinance.ch/en/privat...count-eur.html
Cash withdrawals at post offices
1% commission (withdrawals in Swiss francs are free of charge)
Cash withdrawals at ATMs
CHF 2 for withdrawals in Swiss francs
CHF 5 for withdrawals in euros
Thank you. That's good to know. I have never withdrawn euro notes in CH with PF as far as I can remember, I have only deposited notes up until now and then I transfer the money around online.
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