Which is the best online bank in Switzerland? With so many digital banking services on offer, it's difficult to keep track of them all. From established banks to neobanks and smartphone banks, they all offer digital solutions. But which one best suits your needs? In this article, we compare the leading online banks in Switzerlan
The topic in a nutshell
Focus on cost efficiency: Some of the online banks compared offer free account management and transactions, while others charge specific fees for additional services, which is particularly interesting for price-conscious customers.
Modern digital functions: The smartphone banks compared score highly with features such as mobile app management, integration of payment services such as Apple Pay and Google Pay and the option to make investments directly in the app.
Find the best online bank: Think about which functions and offers are particularly important to you - whether impact investing, saveback, pillar 3a or integrated travel insurance - all smartphone banks offer you individual benefits.
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Best online bank (Switzerland): Bank accounts compared
We have taken a closer look at the offerings of well-known Swiss banks (especially smartphone banks). In our comparison, we took into account various aspects such as their account and card offers, bank fees and user-friendliness, as well as digital services and investment opportunities. We put the best online banks in Switzerland through a personal account comparison, comparing their offerings and highlighting the strengths and weaknesses of each provider. Our aim is to provide you with an informed decision-making tool so that you can choose the Swiss bank that best suits your individual needs.
radicant
When looking for the best online bank (Switzerland), we would first like to introduce you to radicant: radicant Bank AG offers you a banking solution that is specifically designed to meet the needs of customers looking for future-oriented financial solutions - from sustainable banking and wealth management to impact-oriented investments, all with the United Nations' 17 Sustainable Development Goals (SDGs) in mind. In addition, you get free travel insurance included and can deposit up to 1%* of your card spending into your investment portfolio with our Saveback option!
Account and card offers
Details
Account type
Private bank account with VISA debit card (virtual or physical)
Interest rates
Balances on the CHF account earn up to 0.5%* interest.
Balances on the EUR account earn 1.5%* interest.
• Free electronic CHF direct debit procedures
• Free electronic CHF standing orders
• Additional EUR account
• EUR payments to Europe (SEPA) are possible
Transactions in Switzerland
12 withdrawals per year included, then CHF 2 per withdrawal
Transactions abroad
• 0.00%* fees for card payments abroad (no Visa surcharges, no transaction fees)
• ATM withdrawals in other countries (local currency): CHF 2
Mobile payment systems
• TWINT, eBill, QR invoice scanning, Apple Pay, Google Pay
• radicant app (available in the App Store and Google Play Store)
Digital wealth management
• Wealth management: from CHF 1,000
• Opening up to five different portfolios
• Investing in impact themes, e.g. climate stability, health and education
• Saveback: Up to 1.00%* of your card spending is deposited into your investment portfolio
*Interest rates may change at any time due to market conditions. Interest rate adjustments take effect at the time of an interest rate change. The applicable interest rates are published on the radicant website. The interest rate is calculated daily based on the end-of-day balance. Interest accrued during the year is paid out at the end of the year. For CHF account: 0.25% below CHF 100,000. 0.5% from CHF 100,000 up to CHF 250,000. 0.25% above CHF 250,000. For EUR account: 1.5% up to EUR 250,000. 0% over EUR 250,000. Interest rates may change at any time due to market conditions. Interest rate adjustments come into effect at the time of an interest rate change. The applicable interest rates are published on radicant's website. The interest rate is calculated daily on the basis of the end-of-day balance. The total amount of interest accrued during the year is paid out at the end of the year.
Experience banking in a new and digital way
With radicant as a pure online bank (Switzerland), you enjoy full control over your finances at incredible conditions – everything digital and value-oriented.
Secure benefits now! Open your account now, enter the code SEARCH in your profile and secure CHF 50.
neon (neon free)
neon free is one of the leading smartphone banks in Switzerland, characterized by its simplicity and cost efficiency. This account from the Swiss bank is particularly aimed at anyone looking for a fee-free, fully digital bank account that can be conveniently managed via a mobile app.
Account and card offers
Details
Account type
neon free (neon green and neon metal as paid options)
Apple Pay, Google Pay, Samsung Pay, Garmin Pay and SwatchPAY!
Digital wealth management
• Investing in ETFs and stocks
• Creating savings plans that enable automated investments in selected stocks or ETFs.
Retirement provision with pillar 3a
Collaboration with partners such as frankly or inyova
Deposit guarantee
Up to CHF 100,000
Zak (Bank Cler)
Another option for the best online bank (Switzerland) is Zak. It is one of the first Swiss smartphone banks and an offering from Bank Cler. This app is aimed at users who want to manage their finances via their smartphone. Zak combines the features of a digital bank with the possibilities of a traditional bank, such as personal advice in branches.
Account and card offers
Details
Account type
Free private account Zak (Zak Plus available as paid version)
CSX White is the free digital account offering from Swiss bank Credit Suisse, which is characterised by its flexibility and wide range of possible combinations. With CSX, you can customise your banking services by choosing from different accounts and cards to suit your needs. For this comparison of the best online bank in Switzerland, we will focus on the free version, the CSX White account, which is combined with a White Debit Mastercard.
Yuh is an innovative Swiss neobank that was launched in 2021 as a joint venture between PostFinance and Swissquote. The online bank offers a modern and flexible platform for your finances, which stands out for its multi-currency accounts (up to 13 different currencies) and the integration of crypto and equity investments. Neobank Yuh is aimed at users who want to manage their finances easily and cost-effectively via an app.
Account and card offers
Details
Account type
Private multi-currency account with Mastercard debit card (virtual or physical)
Interest rates
No interest on everyday account balances, but 0.25% for cash assets in savings projects.
• Free bank transfers in CH and Liechtenstein in 13 currencies
• SEPA transfers in Europe free or CHF 4 depending on currency
• Standing orders possible
• No direct debit procedure possible
Transactions in Switzerland
1 free cash withdrawal per week, then CHF 1.90
Transactions abroad
• CHF 4.90 per cash withdrawal or equivalent in local currency per withdrawal
• Currency exchange: fee of 0.95%
Alpian is another digital bank in Switzerland that is characterised by its combination of daily banking and wealth management. With Alpian, you can manage a digital multi-currency account that is complemented by a metal Visa debit card. The bank is aimed at users who want to manage their finances flexibly and efficiently and are also looking for access to professional wealth management advice.
Account and card offers
Details
Account type
Private multi-currency account (CHF, EUR, USD, GBP) with Visa debit card (virtual or physical)
Why settle for less in the private account comparison (Switzerland)? With radicant, you benefit from an account that offers more: innovative banking, impact-oriented investments and transparency – at incredible conditions!
Secure benefits now! Open your account now, enter the code SEARCH in your profile and secure CHF 50.
Kaspar&
Kaspar& is a Swiss neobank that is also an option as the best online bank in Switzerland thanks to its clever concept and innovative functions. With a free account and a prepaid Mastercard, Kaspar& allows you to manage your finances flexibly and transparently. Particularly noteworthy is the change investing, where your change from every purchase is automatically invested in ETFs and index funds.
• Standing orders possible
• Transfers in foreign currencies possible
Transactions in Switzerland
ATM withdrawals: CHF 5
Transactions abroad
• No foreign transaction fees on purchases
• ATM withdrawals abroad: CHF 5 (no exchange rate surcharge)
Mobile payment systems
Apple Pay, Google Pay, Samsung Pay and Garmin Pay
Digital wealth management
• Invest spare change: automatically round up with every card payment and invest in ETFs, index funds or investment goals
• Savings goals: "Goal-based investing" or "Flexible investing"
• Wealth management fee: 0.45% per year, all costs are combined in an all-in fee of max. 0.85%
• Budgets: Subdivide your balance into different expenses (no investing)
Revolut Standard is the free account from the British fintech company Revolut, which is also available in Switzerland. The smartphone bank Revolut offers innovative banking services that are particularly aimed at users who are often travelling outside the country or making international payments. Although Revolut does not offer a website specifically for Swiss users, Swiss residents can easily open and use bank accounts.
Account and card offers
Details
Account type
Free Euro account with a virtual debit card; linking of a Revolut <18 account (7–17 years)
• Free direct debit procedures
• Free standing orders
• International transfers in more than 29 currencies possible (fee-based)
• Fee-based card transfers (depending on how much you send and where to)
Transactions in Switzerland
• Cash withdrawals: up to EUR 200 or 5 times per month, then 2.00% of the withdrawn amount
• Free payments
Another option for the best online bank in Switzerland is UBS's basic offering for everyday payment transactions. The UBS Private Account provides a solid foundation for all banking transactions, including deposits and withdrawals, transfers and securities transactions. The account is aimed at people aged 20 and over and offers a wide range of services and additional options that can be easily managed via the UBS digital platform.
Account and card offers
Details
Account type
Private bank account
Interest rates
No interest on balances in the private account
Account management and debit card fees
• "Standard": CHF 3 from CHF 10,000 total assets (otherwise CHF 5) per month
• "Traditional": CHF 7 from CHF 10,000 total assets (otherwise CHF 9) per month
• Optional UBS debit card: CHF 48
Payment transactions
• Direct debit procedures: CHF 0.30 per execution (total assets up to CHF 10,000, free above)
• Standing orders: CHF 0.30 per execution (total assets up to CHF 10,000, free above)
• Transfers in over 120 foreign currencies and to other countries possible
Transactions in Switzerland
• Outgoing payments: CHF 0.30 per execution (total assets up to CHF 10,000, free above)
• Cash withdrawals at Credit Suisse and UBS ATMs free
• Cash withdrawals at third-party ATMs: CHF 2
Transactions abroad
• Outgoing payments SEPA: CHF 0.30 per outgoing payment in EUR
• Outgoing payments non-SEPA: CHF 5 per outgoing payment in foreign currency
• With debit card: CHF 5 per cash withdrawal
Mobile payment systems
UBS TWINT, eBill, Apple Pay, Google Pay, Samsung Pay
The Valiant private account is a flexible account offering for daily payment transactions. It is aimed at private customers aged 28 and over who are looking for a simple and inexpensive account that comes with a modern Debit Mastercard. The smartphone bank offers various packages, including the ‘Purple Set’, which offers additional benefits and reduced fees.
Account and card offers
Details
Account type
Private bank account with Debit Mastercard (virtual or physical); integration into "Lila Set" possible
Interest rates
Balances up to CHF 25,000 earn 0.02% interest, no interest above that
• Free account
• Lila Set: CHF 6 (from investment assets of CHF 10,000 only CHF 4) per month
• Debit Mastercard: CHF 40
Payment transactions
• Free electronic CHF direct debit procedures
• Free electronic CHF standing orders
• Transfers to non-SEPA countries: CHF 5
Transactions in Switzerland
Withdrawals at third-party ATMs in Switzerland CHF 2.00 per transaction (Lila Set free)
Transactions abroad
Third-party ATM withdrawals abroad: CHF 5 per transaction (Lila Set free)
Mobile payment systems
TWINT, eBill, QR invoice
Digital wealth management
• Advisory: Basic, Sélect, Professional with 5 different investment strategies
• Wealth management with 4 different investment strategies
• Execution only
• Fund invest
The ZKB private account is the basic account of Zürcher Kantonalbank (ZKB) for daily payment transactions in Swiss francs. ZKB offers numerous services related to the private account, including attractive additional services and benefits for people aged 22 and over, families and couples.
• Up to 3 private accounts without annual fees, above that CHF 12 per year
• Free account card
• Fee-based ZKB cards (ZKB Visa Debit Card, credit cards)
Payment transactions
• Free electronic direct debit procedures in CHF and EUR (on savings account CHF 2 per debit)
• Free electronic standing orders (abroad or foreign currency: CHF 4)
Transactions in Switzerland
Free withdrawals at ZKB ATMs
Transactions abroad
• Card payments in other countries possible (CHF 1.25 or 1.75% per transaction surcharge, varies depending on card used)
• ATM withdrawals abroad: CHF 5 or 2.50%–4.00% of the amount (varies depending on card used)
The Raiffeisen private account is a flexible account offering from the Raiffeisen banks in Switzerland that is suitable for everyday payment transactions. As part of the Raiffeisen Group, the private account offers a combination of local services and national standards that are tailored to the needs of customers.
Another comparison for the best online bank in Switzerland is offered by Migros. The Migros Bank private account is a versatile account offering that is suitable for daily payments and securities transactions and is aimed at people aged 25 and over. The Migros smartphone bank option offers a high degree of flexibility for cash withdrawals and also enables integration into the Migros Cumulus bonus programme.
The Wise personal account is an international multi-currency account that is particularly suitable for people who frequently carry out international money transactions. With Wise, you can hold funds in more than 40 different currencies and exchange between them at the real exchange rate. However, it should be noted that the Wise account is not suitable as a salary account, as no Swiss account is offered.
• Cash withdrawals: CHF 200 per month per account free (maximum 2 withdrawals)
• Fees over CHF 200 per month per account: 1.75% + CHF 0.50 per withdrawal
• Free payments with Wise card
Our comparison also includes Yapeal: The Yapeal alternative is a digital bank account that has been specially developed for the Swiss market. It offers a completely digital solution without paperwork and allows you to manage your finances conveniently via an app or web application. Yapeal is aimed at users who are looking for transparency, cost efficiency and modern features in their daily banking solution.
Account and card offers
Details
Account type
Private bank account
Interest rates
No interest on money in the bank account
Account management and debit card fees
• Free account management in Loyalty subscription
• Visa Debit Card: CHF 7
• Virtual card included
Payment transactions
• No transfers possible (Private subscription required)
• Standing orders possible
• No direct debit procedure possible
Switch to radicant and enjoy fee-free online banking and a user-friendly app that gives you control over your banking, investments and even your retirement provision.
Secure benefits now! Open your account now, enter the code SEARCH in your profile and secure CHF 50.
Conclusion: Best online banks in Switzerland (comparison)
Traditional banks, online banks and neobanks offer a wide range of options for private accounts in Switzerland. The best choice depends largely on your needs. Smartphone banks such as neon or Zak score highly in terms of ease of use, while neobanks such as radicant offer impact-orientated banking, a saveback function and automatic travel insurance for your future trips. Often, the comparison shows that online banks perform better in terms of fees and accessibility, especially for international transactions.
FAQ
Which is the best online bank in Switzerland for private customers?
The best online bank in Switzerland depends on your individual needs. Neobanks such as Neon and Yuh offer favourable conditions and a user-friendly smartphone app, while traditional banks such as UBS and ZKB offer a wider range of services and an established banking licence. In a comparison of costs and interest rates, the radicant private account comes out on top, as do Swiss debit card exchange rates.
What distinguishes smartphone banks from traditional banks in Switzerland?
Neobanks and online banks such as radicant offer a fully digital banking experience, mainly available via a smartphone app. Unlike traditional banks, they often offer innovative features such as the ability to track the carbon footprint of one's investments, which can be particularly interesting for environmentally conscious customers. Traditional banks, on the other hand, offer physical branches and a broader range of financial services, such as mortgages and comprehensive wealth management.
Can I also use a Swiss online bank account abroad?
Yes, Swiss online banks such as radicant and Wise offer bank accounts that are ideal for international payments and travelling, often with low exchange rate fees and the ability to hold multiple currencies. These functionalities are particularly useful for customers who frequently travel to other countries or make international purchases.
What sustainable investment options do Swiss banks offer?
Some Swiss banks, such as radicant, offer impact-oriented banking based on the United Nations' 17 Sustainable Development Goals (SDGs). These investment products enable customers to invest in topics such as climate protection or health. Other neobanks offer simple investment opportunities in ETFs or equities, while traditional banks such as UBS and ZKB offer more comprehensive wealth management solutions.
In this article
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