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Old 28.06.2021, 20:59
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Re: Avoiding Negative Interest Rate: Which Bank?

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I bank with Migros. 3 CHF a month. But I'm a basic, no-frills customer with nowhere near the amount to get charged negative interest. So they're fine for me.
It's 3 CHF per month account fees if the balance is less than 7'500 CHF. Anything above that and the account fees are waived.
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  #22  
Old 28.06.2021, 21:04
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Re: Avoiding Negative Interest Rate: Which Bank?

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Price, Quality of App?

Pretty shocking to have to pay to just have a current account and a debit card to be honest, and that applies to every traditional bank, except Migros IIRC.
In the UK no bank charges was unusual up to the mid 1970's, I remembering advertisements for free banking if average balance above £100. Average Uk earnings in 1971 was £26 a week, 1 hours wages would buy 7.5 pints of beer! Then working people got paid their wages in cash.
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Old 28.06.2021, 21:25
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Re: Avoiding Negative Interest Rate: Which Bank?

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In the UK no bank charges was unusual up to the mid 1970's, I remembering advertisements for free banking if average balance above £100. Average Uk earnings in 1971 was £26 a week, 1 hours wages would buy 7.5 pints of beer! Then working people got paid their wages in cash.
My UK account is costing me £12 a month, but for that I get 1500 avios a month (worth at least £12 to me), and a ba economy to business flight upgrade (which i'd value at about £30 - basically for the food on the plane and lounge access).
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Old 29.06.2021, 10:08
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Re: Avoiding Negative Interest Rate: Which Bank?

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And UBS will fleece you (jamon8) using the exchange rate.
Me not but maybe you if you don’t know how to properly convert currency 🙂. Of course there is a question if you want to bet on USD or not but this is different question. .
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Old 29.06.2021, 10:33
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Re: Avoiding Negative Interest Rate: Which Bank?

I know 2 free current accounts in traditional banks (if level of assets is above something) with free Maestro card , it's already mentioned before ca-nextbank ,and BCV. In both of them you can open accounts remotely.


There there is ZAK, neon-free.ch which are mobile only banks.


There are also other banks with free accounts but card other than 'ATM' card isn't free (so Maestro) these are BLKB and AVERA (and possible others) - but here also you need to have some minimum balance for the to be free.
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