Electronic Money

Electronic money, or e-money, is money which exists only as a value stored on an electronic device. Today, much of the scriptural money managed by banks is stored electronically as a number on a computer.

The bulk of interbank money transfers are made by simply transferring electronically stored values between banks, with one bank subtracting a number from an “account” and another bank adding that number to the recipient’s account.

Electronic money may be stored on a hardware device, such as the microchip on certain types of payment cards, or in software, such as that employed by many banks and that employed by digital wallets.

More on this topic:
What exactly is scriptural money?

Request now for free

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

Benefit now
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

Benefit now
Free bank account

Yuh

  • No account fees

  • Banking partner: Swissquote & Postfinance

  • CHF 20 trading credit with code «YUHMONEYLAND»

Benefit now
Swiss digital bank

Alpian

  • CHF 100 welcome bonus

  • Favorable foreign exchange rates

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

Benefit now
Online private account

UBS key4

  • 50 KeyClub points as a welcome gift

  • Online private account with debit card

Learn more
Request now for free

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

Benefit now
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

Benefit now
Free bank account

Yuh

  • No account fees

  • Banking partner: Swissquote & Postfinance

  • CHF 20 trading credit with code «YUHMONEYLAND»

Benefit now
Swiss digital bank

Alpian

  • CHF 100 welcome bonus

  • Favorable foreign exchange rates

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

Benefit now
Online private account

UBS key4

  • 50 KeyClub points as a welcome gift

  • Online private account with debit card

Learn more
Deal of the Day
×
Swiss Bank

Bank WIR Bankpaket Top

Free account & card

Learn more See all deals
Swiss bank packages comparison

Find the best bank offer now

Compare now
Trading platforms

Brokers with low fees

Swiss Trading Platform

Cornèrtrader Special Offer

  • Special offer: particularly favorable conditions for Moneyland users

  • No custody account fees for shares

  • Swiss online bank with FINMA license

Benefit now
Swiss Broker

Saxo Bank Special Offer

  • Special offer: Reimbursement of brokerage fees up to CHF 200 for 90 days

  • Licensed Swiss bank (FINMA)

  • Free expert research and trading signals

Benefit now
Request now for free

Leading credit cards

Free credit card

Swisscard Cashback Cards Amex

  • No annual fees

  • Two cards Amex & Visa/Mastercard

  • With cash back

Learn more now
Free credit card

Migros Cumulus Visa

  • No annual fees

  • With Cumulus points

  • Without foreign currency fees

Learn more now
Editor Daniel Dreier
Daniel Dreier is editor and personal finance expert at moneyland.ch.

Information

About moneyland.ch

 

moneyland.ch is Switzerland’s independent online comparison service covering banking, insurance and telecom. More than 100 unbiased comparison tools and calculators are available on moneyland.ch, along with useful financial guides and timely news. The comprehensive comparison tools help you to find the right insurance policies, bank accounts, credit and prepaid cards, loans, mortgages, trading accounts and telecom products for your needs. The guarantee of independence applies.

Company
Users
Banks & Telecom
Insurance & Pensions
SSL
Swiss Made Logo
reCAPTCHA protected by
reCAPTCHA
Privacy - Terms

moneyland.ch is Switzerland’s independent online comparison service covering banking, insurance and telecom. Contact us