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-   -   Zero Cost Banking [Do you think it is possible in Switzerland] (https://www.englishforum.ch/finance-banking-taxation/305789-zero-cost-banking-do-you-think-possible-switzerland.html)

defcon3 11.09.2021 23:37

Zero Cost Banking [Do you think it is possible in Switzerland]
 
I have been browsing casually ThePoorSwiss and MoneyLand websites, only to discover there is no true strive for the question which is in all our minds but sprinkled and scattered across multiple threads, as in:

Can you do zero-cost banking in Switzerland?

Might not be as straightforward as going to a single provider for all your services, but possibly/maybe a smart combination of multiple offerings tailored to one's needs?

I am using Revolut and (Transfer)Wise but they do not cover current account (where one might get their salary), or credit card which is not pre-paid, or eBill where one might automate their recurring payments...

Have any of you bright minds found answers that allow you to do zero, or near-zero cost banking in Switzerland?

Cheers :cool:

Biro 11.09.2021 23:42

Re: Zero Cost Banking [Do you think it is possible in Switzerland]
 
Yep, keep plenty of money in an account and you get free banking (still....)

Castro 12.09.2021 00:05

Re: Zero Cost Banking [Do you think it is possible in Switzerland]
 
Postfinance chrge CHF 5 a month or its free if you have assets over CHF 25k. I'm with UBS and am happy to pay the yearly charge for the level of customer service and advice I receive. In the grand scheme zero cost usual equates with poor service as I experienced with several of my UK bank accounts.

Filmliebhaber 12.09.2021 00:15

Re: Zero Cost Banking [Do you think it is possible in Switzerland]
 
Postfinance was free if you had 25k.


From July 1 they charge.

HickvonFrick 12.09.2021 02:40

Re: Zero Cost Banking [Do you think it is possible in Switzerland]
 
Quote:

Originally Posted by defcon3 (Post 3347651)
I have been browsing casually ThePoorSwiss and MoneyLand websites, only to discover there is no true strive for the question which is in all our minds but sprinkled and scattered across multiple threads, as in:

Can you do zero-cost banking in Switzerland?

Might not be as straightforward as going to a single provider for all your services, but possibly/maybe a smart combination of multiple offerings tailored to one's needs?

I am using Revolut and (Transfer)Wise but they do not cover current account (where one might get their salary), or credit card which is not pre-paid, or eBill where one might automate their recurring payments...

Have any of you bright minds found answers that allow you to do zero, or near-zero cost banking in Switzerland?

Cheers :cool:

Neon, CSX and Zak (all digital only) are free. Migros Bank (physical) is free if you hold 7500 CHF or more.

Neon is probably the best for most people as the card is 0 fx. 10 CHF free for joining too if you use a code (pm me if required).

Iirc Zak and Migros apps don't support Englisch.

otec 12.09.2021 05:18

Re: Zero Cost Banking [Do you think it is possible in Switzerland]
 
Quote:

Originally Posted by HickvonFrick (Post 3347710)
Neon, CSX and Zak (all digital only) are free. Migros Bank (physical) is free if you hold 7500 CHF or more.

Neon is probably the best for most people as the card is 0 fx. 10 CHF free for joining too if you use a code (pm me if required).

Iirc Zak and Migros apps don't support Englisch.

Could you remind please does Neon offer CHF IBAN ?

PositivePenguin 12.09.2021 10:32

Re: Zero Cost Banking [Do you think it is possible in Switzerland]
 
Quote:

Originally Posted by Castro (Post 3347669)
Postfinance chrge CHF 5 a month or its free if you have assets over CHF 25k. I'm with UBS and am happy to pay the yearly charge for the level of customer service and advice I receive. In the grand scheme zero cost usual equates with poor service as I experienced with several of my UK bank accounts.

PostFinance is no longer free. They changed their prices last year I believe, now you have to pay 5 CHF or 12 CHF (different packages) regardless of your assets.

PositivePenguin 12.09.2021 10:33

Re: Zero Cost Banking [Do you think it is possible in Switzerland]
 
Quote:

Originally Posted by otec (Post 3347717)
Could you remind please does Neon offer CHF IBAN ?

Neon is a Swiss (digital) bank, so yes they offer a CHF IBAN :)


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