The topic in a nutshell
- Impact orientation: radicant enables users to make targeted investments in projects and companies that have a positive impact on society and the environment.
- Smartphone banks at a glance: find a suitable alternative to Revolut that best suits your needs: offers for credit cards, debit cards and other flexible payment methods.
- Free bank account with attractive interest rates: radicant offers a free CHF account with interest of up to 0.5% on credit balances and up to 1.5% on the EUR account.
Revolut at a glance
Revolut is a Lithuanian-based neobank that has established itself as an innovative and flexible banking solution. Unlike traditional banks, Revolut has no local branches but offers all services digitally as a smartphone bank, which makes the provider attractive for mobile and tech-savvy users.
Revolut's story began as a simple platform for international payments but has since evolved into a global neobank offering multi-currency accounts, cryptocurrency trading and budgeting tools. Currently, Revolut has millions of users worldwide.
With a multi-currency account, the bank enables easy handling of different currencies and fast, low-cost international transfers.
Revolut offers various account models: the standard account is free, while premium and metal accounts are subject to a fee, but offer additional benefits such as lower exchange rate fees, higher withdrawal limits and exclusive insurance. The fee structure varies depending on the account model and the functions used.
Revolut's target group consists of digital nomads, frequent travellers and tech-savvy users who are looking for a flexible, international banking solution. For these groups, Revolut offers a convenient alternative to traditional banks. Revolut Bank UAB is regulated by the Bank of Lithuania. In addition to banking services, Revolut also offers insurance and investment options that can be taken out directly via the app. It is therefore worth comparing alternative smart banking options.
Why look for alternatives to Revolut?
Although Revolut offers numerous innovative features, there are several reasons why users are looking for alternatives.
Comparison: banks as an alternative to Revolut
Compared to Revolut, there are many banks that offer similar functions but often have a local focus. These alternatives generally offer transparent fee structures, extended services and, in some cases, interest on deposits. Below we look at some banks that could be considered as Revolut alternatives.
radicant
As a mobile bank, radicant offers a completely digital and simple account opening process that usually takes less than five minutes. With this Revolut alternative, users can open their account directly via the app without having to visit a branch
- Up to 0.5% interest* on your CHF account and up to 1.5% on your EUR account, with no withdrawal limits
- Up to 1% of your card spending is paid into your investment portfolio thanks to Saveback
- 0% fees for card payments in any currency
- Free travel insurance included
Private account
radicant offers a free account with no monthly account management fees and no hidden costs. Everyday transactions are free of charge, and with the radicant debit card you can also pay free of charge - whether in CHF or other currencies. radicant currently offers the following interest rates: interest of up to 0.5% is granted on your CHF account balance and interest of up to 1.5% on your EUR account.
As a Swiss bank, radicant is subject to supervision by FINMA (Swiss Financial Market Supervisory Authority) and offers deposit protection of up to CHF 100,000. radicant also focuses on user-friendliness: the radicant smartphone account is clearly laid out and makes it easy to manage everyday banking transactions such as payments. Payments can be conveniently processed via TWINT, eBill, Apple Pay, Google Pay or by scanning QR-bills.
radicant is primarily aimed at digitally savvy users who value impact-oriented investments in addition to modern online banking services. According to moneyland.ch and Kassensturz tests, radidcant's free private account and integrated additional services such as free travel insurance are particularly impressive. The fee structure is transparent and competitive - there are no charges for card payments in foreign currencies.
Investment possibilities
With radicant, you invest in companies that have a demonstrably positive impact on society and the environment. radicant takes over the complete management of your portfolio with discretionary asset management that is customised to your personal risk profile. You can choose from various sustainability themes such as climate stability, clean water, gender equality and education, while the unique impact rating system ensures that only companies with a net positive contribution to the UN Sustainable Development Goals are included in the portfolio. For your long-term wealth accumulation, radicant not only offers a flexible investment savings plan, but also rewards you with the Saveback programme, which credits up to 1% of your card spending directly to your investment portfolio.
Yuh
Other Revolut alternatives include Yuh. The smartphone bank is particularly characterised by its fee-free ETF savings plans and easy access to a wide range of investment products such as shares, digital assets and bonds. It also enables fractional share trading, which makes investing flexible and accessible even with smaller amounts.
Private account
Yuh also offers a free everyday account with no basic monthly fee and no hidden costs for account management. However, Yuh does not currently pay interest on your private account balance. Yuh is a partnership between Swissquote and PostFinance, both of which are under Swiss regulation. As a result, Yuh is subject to strict Swiss banking regulations and offers deposit protection of up to CHF 100,000.
The Yuh app is user-friendly and offers an intuitive user experience. It makes it possible to carry out all essential banking transactions such as payments and money transfers quickly and easily. Yuh is primarily aimed at digitally savvy users in Switzerland who are looking for a flexible and cost-effective banking solution. Younger people and frequent travellers, who value ease of use and low fees, are among Yuh's core target group.
Investment possibilities
The online bank Yuh offers its users attractive options for saving and investing, including ETF savings plans that are available without trading fees. Yuh also provides easy access to various investment products such as shares, digital assets and bonds, making it particularly user-friendly for beginners. Another highlight is the ability to trade in fractions of shares, which means that as little as 0.1 shares can be bought. For investments, a transaction fee of 0.5% is charged on the purchase or sale of a product, while a fee of 1% is charged for cryptocurrencies. This transparent fee structure makes Yuh an attractive choice for you if you want to enter the financial market flexibly and cost-efficiently.
Zak
Another provider among the Revolut alternatives is Zak. The Swiss neobank is characterised by its free everyday account and the fully digital processing of all banking transactions. In addition, Zak offers access to various investment options and is attractive if you are looking for an uncomplicated and flexible banking solution.
Private account
Zak also offers a free everyday account with no monthly account management fees. Transactions and payments within Switzerland are generally free of charge, but fees may apply for certain international transfers or special services. Zak currently offers 0.55% up to a balance of CHF 25,000 on the everyday account. This could be a disadvantage for anyone expecting interest on their deposits. Zak is a product of Bank Cler, a Swiss bank that offers deposit protection up to CHF 100,000. The Zak app is designed to be user-friendly and clear, with a clear focus on intuitive operation and fast processing of everyday banking transactions. Zak is aimed at digitally savvy users in Switzerland who are looking for a simple, cost-effective and flexible banking solution. Younger customers, who prefer a purely digital banking solution, are among the core target group.
Investment possibilities
Zak offers investment opportunities only through its co-operation with the parent company Cler. As a pension option, Zak offers the opening of a pillar 3a account.
Neon
The next option among the Revolut alternatives is Neon. The app is characterized by its free private account with no hidden fees and its user-friendly app. Particularly noteworthy is the option to make CO₂ emissions for your payments for a fee of CHF 5 per month.
Private account
Neon offers a free everyday account with no monthly account management fees and no hidden costs. Everyday transactions such as domestic transfers are free, but fees may apply for international transfers or special transactions. Currently, Neon only offers interest on savings account balances. Neon works together with Hypothekarbank Lenzburg, which means that all accounts are covered by deposit protection up to CHF 100,000.
The bank is subject to Swiss regulations. The Neon app is designed to be clear and user-friendly so that important banking transactions such as payments and transfers can be carried out quickly and easily. Neon's target group consists primarily of young, tech-savvy people who prefer an affordable and flexible, purely digital banking solution.
Investment possibilities
Neon offers an attractive way to invest in shares and ETFs without any custody fees. This is particularly advantageous if you plan to hold your shares for longer. For Swiss shares and ETFs, you pay 0.5% of the buy or sell price per transaction, while international shares are subject to a 1% fee. In addition, there is a minimum fee of CHF 1 per transaction for all trades outside the Neon savings plan.
Neon proposes a wide range of investment opportunities with over 240 Swiss and international equities and more than 70 ETFs. You also have the option to create a personalised savings plan where you can set a monthly amount to invest in your favourite stocks or ETFs. This makes Neon a flexible and cost-efficient platform for investors in Switzerland.
Yapeal
The last Revolut alternative we would like to introduce is Yapeal. It is characterised by its fully digital account opening and no hidden fees. Particularly noteworthy are the automated budgeting tools for easy financial management.
Private account
Yapeal bietet ein kostenloses Basis-Konto ohne monatliche Kontoführungsgebühren an und überzeugt durch transparente Kostenstrukturen. Für einige spezialisierte
Yapeal offers a free basic account with no monthly account management fees and impresses with its transparent cost structures. However, fees may apply for some specific transactions, such as international transfers. Unlike traditional banks, Yapeal does not offer interest on deposits. The Yapeal app is modern and user-friendly, so you can easily manage everyday banking transactions such as transfers and payments. Tech-savvy users in particular appreciate the app's ease of use.
Investment options
Yapeal does not offer any direct investment products in the app.
Conclusion: Open an account with radicant and receive up to 1% of your card spending on your investment portfolio
Compared to Revolut, Neobank radicant not only scores points for transparency, but also for numerous other advantages: The 0% fee when using your card abroad clearly sets radicant apart from Revolut and makes travelling cheaper and less complicated. To ensure that you are well protected when travelling, you benefit from free travel insurance in any case. You earn up to 0.5% interest on your CHF account and up to 1.5% on your EUR account. Modern payment functions such as QR-Scan, eBill and Twint make everyday life easier, while the unique Impact Rating System enables future-oriented and impactful investments - including mangrove restoration projects. With the radicant Saveback programme, you receive 1% of your card spending paid into your investment portfolio. In this way, radicant combines modern banking with responsible investments and offers a future-orientated alternative to Revolut.
FAQ
Which is the best online bank in Switzerland?
The best digital bank depends on your individual needs. Neobanks such as radicant, Neon or Zak offer a free account and fast digital services.
Is there an alternative to Revolut?
Yes, there are several Revolut alternatives in Switzerland, including radicant, Neon, Zak and Yapeal. These smartphone banks also offer free accounts and simple transactions abroad, but often with a local focus and higher security standards.
Which bank is behind Revolut?
Revolut Bank UAB is supervised by the Bank of Lithuania. It is an independent smartphone bank without physical branches.
Which neobank is suitable for companies?
As of today, most Swiss providers have tended to focus on private customers. For companies, Yapeal offers suitable digital banking solutions with special business accounts and extensive functions.
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