Neobank

The term neobank is used to denote financial services providers which offer their services entirely through digital channels and compete directly with conventional banks. Many neobanks offer their services primarily through a mobile app, which is why they are sometimes referred to as smartphone banks.

In many cases, Neobanks are new startups rather than established financial services providers.

Not all neobanks hold banking licenses. Many of them collaborate with bank or other established service providers which provide some or all of the actual services. Neobanks, for their part, typically manage the production and maintenance of the mobile app, provide customer services, and manage customer onboarding and relationships.

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

 

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Cheap bank accounts with card

Online private account

UBS key4

  • 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

Free bank account

Yuh

  • No account fees

  • Banking partner: Swissquote & Postfinance

  • CHF 20 trading credit with code «YUHMONEYLAND»

Swiss digital bank

Alpian

  • CHF 75 welcome bonus with referral code LAND25.

  • Favorable foreign exchange rates

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

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