Yuh Bank review – 500 SWQ Bonus

Add to wishlistAdded to wishlistRemoved from wishlist 0
Add to compare
Add your review
Product is rated as #3 in category Swiss Neobanks
8.1

we2p08
Yuh Bank review – 500 SWQ Bonus
we2p08
Receive 500 SWQ (about 5 CHF) when opening your Yuh bank account with the code we2p08. Yuh Bank is a Swiss neobank that allows Swiss residents to open a mobile bank account and benefit from the services offered by the bank using a mobile application. The opening of the bank account is fast and easy, with identity verification done within the app.
Get more coupons on: https://swissneobanks.ch
Print coupon

Open an account

Account opening8
Usability9
Features7
Credit Card8
Plans & Pricing8
Speed9
Customer Service8

Receive 500 SWQ (about 5 CHF) when opening your Yuh bank account with the code we2p08.

Yuh Bank is a Swiss neobank that allows Swiss residents to open a mobile bank account and benefit from the services offered by the bank using a mobile application.

The opening of the bank account is fast and easy, with identity verification done within the app.

Description

Yuh Bank review – The neobank of PostFinance & Swissquote

PostFinance and Swissquote have just launched their neobank: Yuh

The objective of PostFinance and Swissquote is certainly to compete with other Swiss neobanks such Neon, ZAK and Yapeal and also non-Swiss neobanks having a strong foot in Switzerland like N26 and Revolut!

Yuh Bank is indeed a multi-currency with CHF or EUR as default currency, and the ability to open sub-accounts for other currencies (USD for example), trade shares ro even buy Bitcoins and other crypto-currencies.

Here is a summary of the Yuh offer:

  • Free bank account in CHF and EUR
  • Free Debit MasterCard
  • Extensive App features with trading enabled

We have tested the Yuh app for you and compared features and pricing.

back to menu ↑

Bank account opening with Yuh Bank – 8/10

Yuh Bank allows you to open a free mobile bank account from your smartphone.

What are the Yuh bank account requirements

REQUIRED:

  • Be at least 18 years old (15 years with Zak)
  • Be a Swiss resident or in one of the following countries: France, Germany, Austria, Italie, Liechtenstein
  • Have a smartphone compatible with the app

NOT REQUIRED:

  • No need to provide proof of revenue
  • No minimum deposit
  • No minimum balance

Yuh Bank inherits the security standards and reputation of SwissQuote. You can use this bank account to receive your salaries and make bank transfers in Switzerland or to your Revolut card.

The footprint of SwissQuote is quite obvious: mails and emails are sent by SwissQuote. The account opening process is also guided by the SwissQuote process.

How to open a bank account with Yuh Bank

To open an account with Zak you just need to follow these steps:

  1. Download the Yuh app from the App Store or Google Play
  2. Answer to – many – questions
  3. Verify your votre identity through the app
  4. Transfer a small amount to the account
  5. It’s done! Your Yuh account is opened
Tip : Use the code we2p08 when you open an account and receive 500 SWQ (about 5 CHF) from Yuh.

In practice, you may have to wait about 5 minutes to have your documents verified, then your account is opened!

Yuh will not ask you to provide any paper document, which makes the account opening very fast.

Here are the steps of the account opening process with Yuh Bank:

#1 Accept the legal terms

 

#2 You can sign up with your PostFinance or SwissQuote credentials or create a new account

#4 During sign up, you have to answer many questions: a mix PostFinance and SwissQuote requirements

#5 You must declare your country of residence AND if you are American

#6 Verify your phone number

#7 Enter your Name and choose a password (Yuh key)

#8 Enter your Email

 

#9 Enter your full address

#10 Confirm your fiscal and financial details

 

#11 Enter your bonus code: we2p08

#13 Verify your identity

 

#14 Digitally sign your contrat

#15 Your account is – almost – opened! You just need to make small deposit, 10 CHF are enough

Your account is opened!

But until your first deposit is done, you will only have a limited access to the Yuh app:

The Yuh Bank account allows you to make all standard transactions (bank transfer, direct debit, etc.) like with any Swiss bank account.

The MasterCard Debit card is free and – as usual in Switzerland – your receive 2 letters: 1 for the card and 1 for the PIN code.

Our opinion on the bank account opening with Yuh Bank

FOR:

  • Quick opening process completed in 22 minutes
  • No revenue requirement
  • Swiss neobank
  • Account in CHF and in EUR

AGAINST:

  • Too many questions, we feel the SwissQuote process behind
  • The card was delivered after 2 weeks (out of stock apparently)
  • Too many mails

We like the guided opening process, even if there are too many questions and letters. -2 points

The Yuh Bank opening process gets an 8/10 back to menu ↑

Usability of the Yuh app – 9/10

While Yuh has been created by PostFinance and SwissQuote, it is a very modern and intuitive mobile app.

This app is almost on par with leading neobanks such as N26 and Revolut :

  • The mobile app is fluid and intuitive
  • Menus are clear and well organised
  • Essential features are always visible

The Yuh app is currently rated 4,2 on the App Store (262 reviews) and 3.5 on Google Play (208 reviews). These ratings are not great but given the small numbers of reviews currently, bad reviews might overweight the overall score. As Yah Bank grows we will have more objective ratings.

On the plus side, most reviews tend to confirm the good usability of the app.

We still withdraw 1 point because of some small navigation issues: the BACK button for example, is annoying: each time you enter a menu, you must click on that Back button instead of having some direct links or overlay like N26 does.

The Yuh app usability gets a 9/10 back to menu ↑

Yuh app features – 7/10

As a neobank, Yuh Bank offer all their services through a mobile application. That means it’s possible to do almost everything from your smartphone:

  • Access your payments history
  • Make new payments
  • Scan invoices in Swiss format
  • Block your card
  • Change your PIN code
  • Update your phone number
  • Trade shares
  • Buy bitcoins
  • Exchange currencies
  • Create sub-account in other currencies

But some features are missing:

  • Twint is not yet available
  • eBill is not yet available
  • No settings for notifications
  • No settings for card limits
  • Not possible to create and share space
  • No chat support

About currencies and crypto-currencies:

  • Currency exchange is only available during opening hours
  • Bitcoin trading is only in USD, meaning that you have to convert CHF or EUR before buying Bitcoins

The scanner feature or QR codes and invoices is very useful. A real plus compared to Revolut.

[wbcr_html_snippet]: PHP snippets error (not passed the snippet ID): PHP snippets error (not passed the snippet ID)

Yuh Bank also offers a loyalty program with Swissqoin (SWQ) : the crypto-currency created by Yuh Bank.

1 Swissqoin is about 0.01 CHF, so 500 SWQ = 5 CHF

Card settings are not on par with N26 or Revolut

With Revolut and N26 you can temporarily freeze your card instead of blocking it, it’s also possible to display your PIN code in the app.

With Yuh, you must visit an ATM to validate your new PIN code. The old-fashioned way:

If essential features are already available, comfort features are missing

Yuh app features get a 7/10 back to menu ↑

Yuh Bank credit card – 8/10

Yuh Bank offers a free MasterCard Debit card.

It’s delivered in a nice black cardboard sleeve:

The MasterCard is very good for travelling, but is not yet compatible with Apple Pay, Google Pay et Samsung Pay.

Yuh Bank gets an 8/10 for the card back to menu ↑

Yuh Bank plans & pricing – 8/10

The Yuh plan is free that includes a free MasterCard Debit card.

Yuh Bank being a neobank based in Switzerland, fees are displayed in CHF
From : 0 CHF/month
Account maintenance : via iPhone or Android mobile app
Credit card : Debit MasterCard

Yuh MasterCard fees

Yuh offers a free MasterCard Debit card. It is black, which reminds us of the Premium cards from N26 and Revolut.

Cash withdrawals in Switzerland in CHF

  • 1 free cash withdrawal per week, then 1.90 CHF each
  • Up to 10,000 CHF per month
[wbcr_html_snippet]: PHP snippets error (not passed the snippet ID): PHP snippets error (not passed the snippet ID)

Cash withdrawals in Switzerland in EUR

  • 1 free cash withdrawal per week, then 1.90 CHF each
  • Up to 10,000 CHF per month

Cash withdrawals abroad

  • 1.90 CHF each

Replacement card

Yuh takes a 20-CHF fee if you need to replace your card

Payments and cash withdrawals in foreign currencies

Yuh does not apply transaction fees on 12 currecnies: CHF – USD – EUR – GBP – JPY – AUD – CAD – SEK – HKD – NOK – DKK – AED

But they apply 0.95% exchange fees

Read our comparison of the the best exchange rate CHF /EUR
back to menu ↑

Transactions’ speed – 9/10

A wire transfer from a Swiss bank to another Swiss bank is instant, it usually takes a few seconds before showing up on the beneficiary account.

Yub is lacking some instant transfer feature like “Beam” (N26) that allows users to pay another N26 accounts in seconds. 

This is a 9/10 for transactions’ speed back to menu ↑

Yuh customer service – 8/10

Unlike N26, Yuh does not offer Livechat support, but a contact form and phone number opened Monday to Friday from 8:00 to 22:00.

The phone support is very good and support agents pick up the phone very quickly.

With N26, you also get quick access to a LiveChat support agent during a wide time range (until 23:00). The N26 virtual assistant gets you to wait for a minute or so, the time that a human takes over the conversation.

We believe that Yuh should take example on N26 and offer in-app Livechat support.

On the plus side: negative reviews on the App Store and Google Pay are always replied.

It’s an 8/10 for customer service back to menu ↑

Why open a bank account with Yuh?

Yuh has launched with a strong product by offering a free bank account in CHF and EUR, a free MasterCard, a clean mobile app and the option to trade currencies and stocks.

As a consequence, Yuh competes directly with N26 and Revolut, but a few more features are needed before they can compete with other Swiss neobanks neon : Yuh is not yet compatible with Apple Pay, does not offer TWINT and eBill.

8.1Expert Score
Yuh Bank reviews
Receive 500 SWQ (about 5 CHF) when opening your Yuh bank account with the code we2p08. Yuh Bank is a Swiss neobank that allows Swiss residents to open a mobile bank account and benefit from the services offered by the bank using a mobile application. The opening of the bank account is fast and easy, with identity verification done within the app.
Account opening
8
Usability
9
Features
7
Credit Card
8
Plans & Pricing
8
Speed
9
Customer Service
8

Additional information

Specification: Yuh Bank review – 500 SWQ Bonus

Account
Currencies CHF, EUR, Multi-currency
IBAN CH IBAN
Personalised IBAN
Supported devices Android, iPhone
Push notifications Yes
eBill
TWINT
Standard account Free
CHF transfers in Switzerland Free
SEPA transfers (EUR) Free
Card
Card types MasterCard
1st Card Free
Replacement card CHF 20
CHF withdrawals in Switzerland 1x/week free, then CHF 1.90
EUR withdrawals in Switzerland 1x/week free, then CHF 1.90
EUR withdrawals abroad CHF 4.90
Apple Pay
Google Pay
Customers
Minimum age 18 years
Target Private
Countries Austria, France, Germany, Italy, Liechtenstein

Reviews (0)

User Reviews

0.0 out of 5
0
0
0
0
0
Write a review

There are no reviews yet.

Be the first to review “Yuh Bank review – 500 SWQ Bonus”

Your email address will not be published. Required fields are marked *

5 × five =

Logo
Compare items
  • Total (0)
Compare
0