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Old 11.09.2021, 23:37
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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
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  #2  
Old 11.09.2021, 23:42
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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....)
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  #3  
Old 12.09.2021, 00:05
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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.
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Old 12.09.2021, 00:15
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Re: Zero Cost Banking [Do you think it is possible in Switzerland]

Postfinance was free if you had 25k.


From July 1 they charge.
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Old 12.09.2021, 10:32
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Re: Zero Cost Banking [Do you think it is possible in Switzerland]

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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.
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Old 12.09.2021, 02:40
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Re: Zero Cost Banking [Do you think it is possible in Switzerland]

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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
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.
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Old 12.09.2021, 05:18
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Re: Zero Cost Banking [Do you think it is possible in Switzerland]

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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 ?
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Old 12.09.2021, 10:33
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Re: Zero Cost Banking [Do you think it is possible in Switzerland]

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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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