Many Swiss banks still operate the traditional way: that means turning up in person just to open an account and paying hefty fees for basic services and any card usage abroad.

But that's finally starting to change with neobanks that offer customer-focused innovation and low costs. How about opening an account digitally at any time 24/7 and in under 10 minutes? Do it on your commute – or from your couch! And then do all your account management at no cost via an intuitive app.

The largest independent offering of the neobanks is NEON – which offers all of this and much more.

Read about Neon and the special offer they are sharing with readers of TheLocal.ch for signing up in our full article:

Banking in Switzerland: the apps tearing up tradition

This type of account is only for Debit?
Did not find information about credit card and limits on the website.

Correct. No credit card offering but they are really cheap. We saved almost 500 per year by transferring our accounts from one of the 'big two'.