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  #81  
Old 21.04.2021, 14:38
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Re: PostFinance upping their fees

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As far as I can see their fees are not really changing. I was paying CHF 5/month also in the past when amount of investments with them were < CHF 25000.


They are just trying to sell the "Smart" package for CHF12/month by automatically moving people to it. You can always switch back to original in E-Finance.


I never use postfinance card in any other banks ATMs. If you want a credit card I would avoid their overpriced ones and go for a free one from Migros or Coop.
The free Amex cashback is also a must have in Switzerland. Sure you can't use it everywhere but you'd be mad to not use where you can at 1% cashback.
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  #82  
Old 22.04.2021, 08:43
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Re: PostFinance upping their fees

I am not sure about what this means for Postfinance in the future, I am staying put for now.

It does indeed seem odd to propose a left wing politician if the idea is to privatise Postfinance ...

https://www.finews.com/news/english-...ter-21-04-2021
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  #83  
Old 22.04.2021, 16:22
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Re: PostFinance upping their fees

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The free Amex cashback is also a must have in Switzerland. Sure you can't use it everywhere but you'd be mad to not use where you can at 1% cashback.
I have US & UK Amexes (actually one of the US Amexes is a former SPG card). I've had 450,000 points on my Amex green for about a decade and just keep paying the annual $40 fee to keep the points. My UK Amex is cashback but I think only 1/2%. I don't use mine which was sent me unsolicited to replace my Costco Amex when they stopped issuing them.

Since most of my income is in dollars and most of my outgoings are in GBP and CHF, I pay for everything I can with my Chase Sapphire Reserve card, which is linked to my and my daughter's ApplePay. No overt forex loading but I don't know how good the exchange rate is. I get 3x points on travel, dining and (during Covid) supermarket and most other food purchases.

I suppose Amex would give me a CHF card if I asked. But I have PostFinance account and TWINT.
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  #84  
Old 23.04.2021, 09:19
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Re: PostFinance upping their fees

Previously if you had a "PostFinance account plus" you only had issue commission of 0.5% on their fund products. With the new "packages" they will apparently do away with the discount and charge the full 1% issue commission.

To this PF will start adding 0.15% p.a. custody account fees starting beginning of next year...
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  #85  
Old 23.04.2021, 09:36
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Re: PostFinance upping their fees

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I have US & UK Amexes (actually one of the US Amexes is a former SPG card). I've had 450,000 points on my Amex green for about a decade and just keep paying the annual $40 fee to keep the points. My UK Amex is cashback but I think only 1/2%. I don't use mine which was sent me unsolicited to replace my Costco Amex when they stopped issuing them.

Since most of my income is in dollars and most of my outgoings are in GBP and CHF, I pay for everything I can with my Chase Sapphire Reserve card, which is linked to my and my daughter's ApplePay. No overt forex loading but I don't know how good the exchange rate is. I get 3x points on travel, dining and (during Covid) supermarket and most other food purchases.

I suppose Amex would give me a CHF card if I asked. But I have PostFinance account and TWINT.
In the uk at least there is a free Card which you can use to keep your points, I would be pretty surprised if there isn't in the US.

https://www.americanexpress.com/us/c...ardDetail-Blue - I think that would be the US version.

I do use a US card here too (hsbc premier) - but being a Brit with no US credit history my ability to get US cards is very limited. If I were American I simply wouldn't bother getting a chf card as they are almost all terrible, and you guys have loads of great ones with 0fx like your chase one.
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Old 23.04.2021, 13:38
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Re: PostFinance upping their fees

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The free Amex cashback is also a must have in Switzerland. Sure you can't use it everywhere but you'd be mad to not use where you can at 1% cashback.
Precisely. My largest monthly expenses, after housing, are groceries and gas, I've not found yet a supermarket or a gas station that won't accept it.
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  #87  
Old 23.04.2021, 13:45
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Re: PostFinance upping their fees

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Precisely. My largest monthly expenses, after housing, are groceries and gas, I've not found yet a supermarket or a gas station that won't accept it.
Lidl, Aldi.

Aldi only brought in credit cards at all in 2016!!
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  #88  
Old 28.04.2021, 09:51
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Re: PostFinance upping their fees

I just wanted to vent off a negative feedback for Postfinance. I was a happy customer until recently, but now they rolled out a major update of their app and it's a disaster. Major functions like login are unreliable and lead to the access functions being disabled. Now I'm left with the yellow machine and I must call the costly call center, where of course the lines are busy due to the high request.

I'm more than happy to pay when things work, but now things with PF don't work anymore (or they work like in 2008). I'm considering a change of bank and surely I can't recomment it to anyone in the current state.
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  #89  
Old 28.04.2021, 11:42
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Re: PostFinance upping their fees

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Previously if you had a "PostFinance account plus" you only had issue commission of 0.5% on their fund products. With the new "packages" they will apparently do away with the discount and charge the full 1% issue commission.

To this PF will start adding 0.15% p.a. custody account fees starting beginning of next year...

Maybe learning from Hargreaves Lansdown which has all kinds of hidden fees.
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  #90  
Old 28.04.2021, 12:27
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Re: PostFinance upping their fees

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Maybe learning from Hargreaves Lansdown which has all kinds of hidden fees.
They certainly aren't cheap at 11.95 a trade. Still not as bad as Swiss brokers - which are unbelievably priced.
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  #91  
Old 28.04.2021, 13:33
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Re: PostFinance upping their fees

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I just wanted to vent off a negative feedback for Postfinance. I was a happy customer until recently, but now they rolled out a major update of their app and it's a disaster. Major functions like login are unreliable and lead to the access functions being disabled. Now I'm left with the yellow machine and I must call the costly call center, where of course the lines are busy due to the high request.

I'm more than happy to pay when things work, but now things with PF don't work anymore (or they work like in 2008). I'm considering a change of bank and surely I can't recomment it to anyone in the current state.
Mine works perfectly... no issues.
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  #92  
Old 28.04.2021, 14:16
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Re: PostFinance upping their fees

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Mine works perfectly... no issues.
Same. Just double checked.

Still pissed about the various deposit and fund fees that will apply from January, though.
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  #93  
Old 28.04.2021, 14:18
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Re: PostFinance upping their fees

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Same. Just double checked.

Still pissed about the various deposit and fund fees that will apply from January, though.
The fees are still less (significantly in some cases) than the other major banks.
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Old 28.04.2021, 14:21
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Re: PostFinance upping their fees

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The fees are still less (significantly in some cases) than the other major banks.
I haven't checked just yet.

I think Migros bank might be cheaper when it comes down to funds and deposit fees, but I need to investigate further.
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  #95  
Old 28.04.2021, 14:42
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Re: PostFinance upping their fees

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I haven't checked just yet.

I think Migros bank might be cheaper when it comes down to funds and deposit fees, but I need to investigate further.
If you are happy with no English and worse online services, then go for it.
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  #96  
Old 28.04.2021, 15:05
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Re: PostFinance upping their fees

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Mine works perfectly... no issues.
Mine worked ok as well for a while after the update. It was indeed slower, it made a bad impression but I don't really mind as long as it works. But yesterday it got caught in a sort of a loop when I was trying to pay an online order. Apparently it tried to login multiple times because at some point the biometric access was disabled. I tried with Mobile ID but that's disabled as well, I can only use the yellow machine, which for me defeats the purpose of having an app.

And the fact that the only way to have support is to call a toll number and wait... this just made me angry.
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  #97  
Old 28.04.2021, 15:12
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Re: PostFinance upping their fees

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Mine worked ok as well for a while after the update. It was indeed slower, it made a bad impression but I don't really mind as long as it works. But yesterday it got caught in a sort of a loop when I was trying to pay an online order. Apparently it tried to login multiple times because at some point the biometric access was disabled. I tried with Mobile ID but that's disabled as well, I can only use the yellow machine, which for me defeats the purpose of having an app.

And the fact that the only way to have support is to call a toll number and wait... this just made me angry.
The only thing I have noticed that is impacted since the recent upgrade is that the fingerprint authentication popup now sometimes takes 10-20 seconds instead of only a few seconds. Otherwise, everything works as normal.
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Old 28.04.2021, 15:54
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Re: PostFinance upping their fees

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If you are happy with no English and worse online services, then go for it.
Heard about the crappy website / online services.

No problem in terms of language.
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  #99  
Old 28.04.2021, 20:28
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Re: PostFinance upping their fees

just got a message from UBS about new "deposit charges"

Pay if above 250k chf and same threshold for eur.

Last edited by besmegenis; 28.04.2021 at 22:07.
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  #100  
Old 28.04.2021, 20:35
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Re: PostFinance upping their fees

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just got a message from UBS about new "deposit charges"

Threshold is 250k chf and same for eur.
What? Do you pay if you are below that or if you are above that?
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