Challenger Bank

The term challenger bank refers to newly-founded banks which compete with or “challenge” existing banks.

The term is often used synonymously with the terms neobank and smartphone bank.

Challenger banks typically attract customers with low banking fees and user-friendly apps. Some have already been so successful that they pose a major challenge to established banks.  

More on this topic:
Neobanks in Switzerland: Guide and comparison

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Cheap bank accounts with card

Swiss Bank

Bank WIR Bankpaket Top

  • Free account & card

  • No exchange fees for foreign payments (interbank exchange rates)

  • 24 ATM withdrawals worldwide per year free of charge

Swiss digital bank

Radicant

  • High interest on your everyday account

  • Best exchange rates

  • Up to 1% of card spending as saveback in the investment portfolio

Free bank account

Yuh

  • No account fees

  • Banking partner: Swissquote & Postfinance

  • CHF 20 trading credit with code «YUHMONEYLAND»

Swiss digital bank

Alpian

  • CHF 100 welcome bonus

  • Favorable foreign exchange rates

  • Multi-currency account with Visa card (CHF, EUR, USD, GBP) 

Online private account

UBS key4

  • 50 KeyClub points as a welcome gift

  • Online private account with debit card

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Swiss Bank

Bank WIR Bankpaket Top

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Expert Benjamin Manz
Benjamin Manz is CEO of moneyland.ch and an independent expert on banking and finance.