Are online banks secure

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  • BenutzernameMoneyland User Questions
  • Status Member
  • Registriert seit1/27/17
  • Beiträge2142

Most fully online banks I have come across don't give the appearance of being really serious or trustworthy. Are these online "banks" actually banks in the legal sense of the term? Is money just as safe at one of these online banks as it is at my local bank?

 
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  • BenutzernameMoneyguru von moneyland.ch
  • OrtSchweiz
  • Status Expert
  • Registriert seit8/4/15
  • Beiträge4079

All banks included in the moneyland.ch banking comparisons - including online banks - are registered with Swiss financial regulatory authority FINMA. Some of these banks operate almost entirely online (direct banks), although in every case they are backed by a conventional bank.

For example, banking services provided by online "bank" money-net.ch are really provided by the Berner Kantonalbank (BEKB). Banking from Cash are actually provided by Bank Zweiplus.

Important: The Internet is crawling with pseudo banks, lenders and other financial services providers. Some of these are legitimated - although they are not regulated by Swiss law. Others are direct or indirect scams aimed at conning you out of money. Stick with official Swiss online banks listed in the moneyland.ch banking comparisons.

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Cheap bank accounts with card

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  • 50 KeyClub points as a welcome gift

  • Online private account with debit card

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

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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

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  • CHF 100 welcome bonus

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  • Banking partner: Swissquote & Postfinance

  • CHF 20 trading credit with code «YUHMONEYLAND»

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