Smartphone banks are still cheap
Published: Thursday, Jul 18th 2024, 11:20
Volver a Live Feed
According to the comparison service Moneyland.ch, the neobanks available in Switzerland are still significantly cheaper than traditional bank offers. However, the differences between the smartphone banks are not negligible, depending on your needs.
For example, Radicant, an offer from Basellandschaftliche Kantonalbank (BLKB), performs best for pure card use abroad. The Zak and Zak Plus offers from Bank Cler are rather expensive.
In this first comparison, the conditions for purchases and cash withdrawals in Switzerland and abroad were examined. The Swiss smartphone bank Radicant came out the cheapest with total costs of 45.40 francs per year. The most expensive was Zak Plus at 331.80 francs. Compared to many traditional bank offers, however, this is still cheaper.
In a second comparison, Moneyland also analyzed the offers in relation to the use of an offer as a salary and payment account. For this purpose, it was assumed that the person has an average of CHF 10,000 in the account, of which CHF 5,000 is in the savings account or savings area in order to take any interest into account.
Once again, the most favorable offer came from the BLKB subsidiary Radicant. On the basis of this starting position, customers even saw a plus of CHF 54.60, which resulted from the interest.
The young asset management bank Alpian came in second best. Here you receive CHF 2.75 back at the end of the year, but only under certain conditions regarding age, use of asset management services and minimum account balance.
The lowest rankings were once again occupied by Bank Cler's offerings. At a cost of 152.80 francs for Zak and 216.80 francs for Zak Plus, these smartphone banking services were the most expensive in the comparison. Only the "Neon Metal" package from Neon joined the bottom two at 191.95 francs.
Moneyland.ch has compared the conditions of the neobanks Alpian, Coop Finance Plus, Kasparund, Neon, Radicant, Revolut, Wise, Yapeal, Yuh and Zak.
©Keystone/SDA
Spanish 
English 
German 
French 
Arabic