Top 10 Mobile Banking Apps in Switzerland in April 2024

In April 2024, there are 7 neobanks in Switzerland with their headquarters in Switzerland and offering Swiss IBAN starting with CH: Alpian, CSX (CrΓ©dit Suisse), Neon Bank, Radicant Bank, Yapeal, Yuh and ZAK Bank.

Then comes 2 other neobanks active in Switzerland: N26 and Revolut. We can also add to the list Wise (TransferWise), a peer-to-peer currency exchange platform that competes with other neobanks with their Borderless multi-currency account.

FlowBank is not in this ranking because it is a trading platform that does not offer traditional banking services.

So how do you choose the neobank that suits you best knowing that – for now – all are free and smartphone-based? We evaluated 20 criteria to help you choose the best Mobile Banking App or neobank in Switzerland and have obtained the following ranking:

Ranking of the Best Mobile Banking Apps in Switzerland in April 2024

RANKINGNEOBANKTOTAL
1Yuh 18 points
2Neon Bank16 points
3Zak Bank15 points
4Radicant Bank14 points
5Alpian13 points
6CSX12 points
7Revolut11 points
8Wise11 points
9N2611 points
10Yapeal10 points

Feb 3, 2022 update: Neon have launched their new Mastercard that comes with push notifications for each transaction. They gain 1 point and take the lead of this ranking, before Zak Bank.

March 30, 2022 update: Zak has launched eBill. You just need to activate the plugin in the app

April 23, 2022 update: Neon has launched Spaces, to help organise your finance

December 2, 2022 update: Yuh bank offers eBill.

January 30, 2022 update: Yuh bank offers 50 CHF Trading Credit with the code YUHNEO

May 26, 2023 update: Yuh bank now offers Yuh TWINT

January 10, 2024 update: Yuh bank now also offers a free virtual cardΒ 

January 16, 2024 update: New Neon Bank promo code: NEONEO

January 21, 2024 update: Taking into account interest rates (RATES) and the virtual card offer (VIRTUAL) in the ranking.

January 22, 2024 update: Addition of Alpian and Radicant Bank to the ranking.

The Best Mobile Banking Apps and Neobanks in Switzerland

FREE: You want a free online bank account

CSX, Neon, Yuh, N26, Radicant Bank, Revolut,Β Wise (TransferWise) and ZAK offer free account opening and maintenance (no monthly fee)Β βœ…

Alpian offers you the first 6 months, but then charges between 0 and 45 CHF per month depending on your asset balance 🚫

Yapeal does not offer a free “real bank account” since January 2021: their free Loyalty planΒ  does not allow bank transfers 🚫

Winners: CSX, Neon, Radicant, YUH, ZAK, N26, Revolut and Wise

PROMO CODE: You want a welcome bonus when opening your account

Alpian offers you 100 CHF Free πŸ™Œ with the promo code PC8YMJ. Get the Alpian app here ➑️

YUH offers you 50 CHF of Trading Credits and 250 SWQ (4 CHF) πŸ™Œ with the promo code YUHNEO. Get the Yuh app here ➑️

Neon Bank offers you 10 CHF and a FREE debit card πŸ™Œ with the promo code NEONEO. Get the Yuh app here ➑️

ZAK offers you 50 CHF Free πŸ™Œ with the promo code NEOZAK. Get the ZAK app here ➑️

Yapeal offers you 30 CHF Free πŸ™Œ with the promo code YAPS311WZ4WL. Get the Yapeal app here ➑️

Radicant offers you 5 CHF Free πŸ™Œ with the promo code 20b2e4. Get the Radicant app here ➑️

WISE offers you fee-free transfer of up to 500 GBP πŸ™Œ with our link. Get the WISE app here ➑️

CSX no longer offers promo codes. 🚫

N26 and Revolut have no welcome offer. 🚫

Winners: Alpian, Neon, Radicant, Yapeal, Yuh and ZAK

CARD: You want a free international debit card

Alpian offers a free VISA debit card, with free delivery βœ…

CSX and Yuh offer a free Debit Mastercard, with free delivery βœ…

Neon charge CHF 10 for delivery fo the debit card but you can get it FREE with the code NEONEO βœ…

Neon Bank

Don't have a Neon Bank account yet? Use our referral code to open your free Neon Bank account!

Use the promo code NEONEO before 30 April 2024 to receive CHF 10 + your FREE debit card πŸ™Œ

Get CHF 10 Free with Neon ➑️

ZAK Bank have just launched their free Visa Debit card βœ…

N26 only offer a virtual Debit MasterCard on their free plan 🚫

Radicant Bank offers a virtual VISA card but charges 10 CHF for the plastic card 🚫

Revolut offer a free Debit MasterCard but charge EUR 5.50 for delivery 🚫

Wise offer a free Debit MasterCard but charge GBP 5 for delivery 🚫

Yapeal offer a free Visa Debit but charge CHD 7 for delivery 🚫

Winners: Alpian, CSX, Neon, Yuh and Zak

VIRTUAL: You want a virtual bank card

More and more banks are offering virtual cards for your online purchases. This is already the case for several Swiss neo-banks.

N26, Radicant Bank, Revolut, Wise, Yapeal and Yuh βœ…

Alpian, CSX, Neon and ZAK do not yet offer a virtual card 🚫

Winners: N26, Radicant Bank, Revolut, Wise, Yapeal and Yuh

CASH: You want free cash withdrawals

Only a few Swiss neobanks allow you to withdraw cash without any fee, at any Swiss ATM.

Neon offers 2 free cash withdrawals per monthΒ βœ…

Yuh offers 1 free cash withdrawal per week βœ…

Revolut offers free cash withdrawals up to 200 CHF per monthΒ βœ…

Wise offers free cash withdrawals up to 250 CHF (GBP 200) over a 30-day periodΒ βœ…

Radicant offers 12 free withdrawals per year, then 2.00 CHF but you must first pay 10 CHF for the plastic VISA card 🚫

Zak charges 2 CHF per cash withdrawal, unless done from a Bank Cler ATM 🚫

Alpian, CSX and Yapeal charges 2 CHF per cash withdrawal 🚫

N26 is a EURO account, that means that cash withdrawal in CHF implies exchange rate 🚫

Winners: Neon, Yuh, Revolut and Wise

RATE: You would like to receive interest on your account

With the rise in rates, neobanks now offer interest rates on your account balance, without the need to place them in savings.

Alpian Promo Code

Don't have a Alpian Bank account yet? Use our referral code to open your free Alpian Bank account!

Use the promo code PC8YMJ before 30 April 2024 to get CHF 100 for FREE πŸ™Œ

Get CHF 100 Free with Alpian ➑️

Alpian offers 1% interest up to CHF 50,000, then 1.5% beyond βœ…

Radicant Bank offers 1.5% interest on your account balance βœ…

Yuh offers 1% on any cash amount in CHF and 0.75% on EUR and USD βœ…

ZAK offers 1% interest on your account balance βœ…

Neon offers 0.90% interest on SPACES accounts, which are therefore similar to savings 🚫

CSX, Yapeal, N26, Revolut, Wise do not offer interest rates on accounts 🚫

Winners: Alpian, Radicant, Yuh, Zak

FAST: You want to open a bank account in 15 minutes

N26, Revolut and Wise are without a doubt the 3 best examples of neobanks when it comes to opening a free Swiss bank account in 15 minutes βœ…

Neon uses online ID verification. As long as you don’t use a foreign phone number when opening your account, it will quick βœ…

At Alpian and Radicant, it takes less than 10 minutes to open an account. βœ…

Yapeal has a super-quick opening process: download their apps and upload your ID documents and the account is opened in 5 minutes.Β βœ…

Yuh has a list a 25 questions during the opening process – but you can still make it in 20 minutes βœ…

With ZAK, you bank account is opened in 15 minutes and fully activated within 2 hours βœ…

CSX has random bugs that can really slow down the opening process. It took us several days 🚫

Winners: Alpian, Neon, Radicant, ZAK, Yapeal, Yuh, N26, Revolut and Wise

SMOOTH: You want a very good app

N26, Revolut and Wise offer very user-friendly mobile app βœ…

The most user-friendly app with Swiss neobanksΒ are Neon and Yuh βœ…

The Alpian application is very well designed, on a black background in a Private Banking style βœ…

Radicant is quite ergonomic. New version coming βœ…

Yapeal is kind of dark (sad?) but still user-friendly βœ…

CSX didn’t create a new mobile app, they mainly re-used the CrΓ©dit Suisse app 🚫

Zak Bank lacks of magic 🚫

Winners:Β  Alpian,neon, Radicant, Yapeal, Yuh, N26, Revolut and Wise

SAFE: You feel safer with a neobank that belongs to a large Group

Unlike Neon and Yapeal, Zak Bank is not a start-up. Zak belongs to Bank Cler (previously Bank Coop), which brings extra safety to your deposits. βœ…

Alpian has a Swiss banking license βœ…

CSX is the neobank of CrΓ©dit Suisse βœ…

Radicant Bank is the neo-bank of BLKB βœ…

Yuh has been created by PostFinance and SwissQuote but does not have a banking licence 🚫

Neon is using the services of Hypothekarbank Lenzburg and Yapeal has a Fintech banking licence 🚫

N26, Revolut and Wise are independant neobanks without Swiss banking licence 🚫

Winners: Alpian, CSX, Radicant and Zak

CHF: You want an account in CHF with a Swiss IBAN

All neobanks based in Switzerland offer an account in CHF βœ…

ZAK Bank Promo Code

Don't have a Zak Bank account yet? Use our referral code to open your free ZAK Bank account!

Use the promo code NEOZAK before 30 April 2024 to get CHF 50 for FREE πŸ™Œ

Get CHF 50 Free with ZAK ➑️

RevolutΒ offers a CHF account, but it’s not under your name 🚫

Wise also offers a CHF account, but it’s not under your name 🚫

N26 only offers EUR bank account 🚫

Winners: Alpian, CSX, Neon, Radicant, Yapeal, Yuh and Zak

TRANSFERS: You want free bank transfers in CHF

All neobanks based in Switzerland should offer free bank transfers in CHF.

But it’s not the case of Yapeal that does not allow bank transfers on their free plan 🚫

Winners: Alpian, CSX, Neon, Radicant. Yuh and Zak

EUR: You want a free bank account in EUR

Most neobanks based in Switzerland will not offer an account in EUR.

Alpian allows you to have a multi-currency account in CHF, EUR, GBP and USD βœ…

YuhΒ offers a multi-currency bank account with either CHF, EUR or USD as main currency βœ…

Then your foreign neobanks will offer EUR account: N26,Β Revolut andΒ Wise. βœ…

Winners: Alpian, Yuh, N26, Revolut and Wise

SEPA: You want free SEPA bank transfers in EUR

Alpian, N26 and Wise offer free SEPA bank transfers in EUR βœ…

Yuh allows you to make free SEPA bank transfers from your EUR sub-account βœ…

YUH Promo Code

Don't have a YUH account yet? Use our referral code to open your free YUH Bank account!

Use the promo code YUHNEO before 30 April 2024 to receive CHF 50 Trading Credits + CHF 4 (250 SWQ) for FREE πŸ™Œ

Get CHF 54 Free with YUH ➑️

CSX offer free SEPA bank transfers but applies the Crédit Suisse exchange rate and fees: about 2% 🚫

Neon apply a 0.8% to 1.7% extra-fee on bank transfers 🚫

Yapeal apply a 0.75 – 1.65% fee on foreign bank transfers 🚫

Zak apply a 2.5% surcharge on the exchange rate 🚫

Revolut may charge you some extra fees if the main currency of your account is not in CHF 🚫

Winners: Alpian, Yuh, N26 and Wise

TRAVEL: You want to travel with your debit card

Revolut and Wise offer multiple currencies and interbank exchange rates βœ…

N26 is only in EUR, so you might need to convert twice depending on your destination. But it’s still the best account if you travel within the EURO zone. βœ…

Alpian offers an account in CHF, EUR, GBP and USD but applies exchange fees of 0.2% and 0.5% on weekends 🚫

Yuh offer a multi-currency account that includes CHF, EUR and USD but they apply a 0.95% surchage on the exchange rate. And you can’t change on week-ends 🚫

Read our comparison of the best CHF/EUR exchange rate

Neon want you to use their card when you travel or make payments abroad. But they apply a 1.5% fee on cash withdrawals in EUR 🚫

Radicant applies an exchange fee of 0.50% for EUROs at 0.8%. 🚫

Zak do not apply extra fee when using the Visa Debit, but they use Viseca exchange rates that are usually higher than interbank rates 🚫

CSX apply the Credit Suisse exchange, higher than the interbank rate🚫

Yapeal apply a 0.75 – 1.65% fee on foreign payments (on their free plan). A fee of 5 CHF is applied to Cash withdrawals abroad. 🚫

Winners : N26, Revolut and Wise

PUSH: You want instant push notifications

This feature is now offered by all neobanks like N26 and Revolut and also Alpian, CSX, Neon, Radicant, Yapeal, Yuh, Wise and Zak βœ…

1 point to each bank

eBill: You need eBill

Currently, only CSX, Neon, Radicant, Zak and Yapeal and Yuh offer eBill from in their mobile app. βœ…

As foreign neobanks, N26, Revolut and Wise do not offer eBill 🚫

Winners: CSX, Neon, Radicant, Zak, Yapeal and Yuh

TWINT: You want to use TWINT

CSX, Radicant and Yuh have a dedicated TWINT app βœ…

Neon use the TWINT app of UBS and TWINT Prepaid βœ…

ZAK allow you to use TWINT Prepaid but does not have a dedicated app 🚫

Yapeal do not offer TWINT payments yet 🚫

N26, Revolut and Wise will probably never offer TWINT 🚫

Winners: CSX, Neon, Radicant and Yuh

MOBILE PAY: You want a card for Apple Pay or Google Pay

Alpian offers Apple Pay and soon Google Pay βœ…

Neon, Radicant, Yapeal, ZAK, N26, Revolut, Wise and Yuh are compatible with Apple Pay and Google Pay βœ…

CSX is now compatible with Apple Pay βœ…

Winners: Alpian, CSX, neon, Radicant, Yapeal, Yuh, Zak, N26, Revolut and Wise

SPACES: You want share Space

Zak allow you to create potsΒ βœ…

Yuh allow you to create projectsΒ βœ…

N26 and Neon allow you to create spacesΒ βœ…

Revolut has vaults βœ…

The other neobanks do not offer equivalent features.

Winners : Yuh, Neon, Zak, N26 and Revolut

IBAN: You want a personalised IBAN

This feature is available with CSX (for 2 CHF) and Yapeal. There is no real need to have a personalised IBAN but it’s nice and easier to memorize. βœ…

Yapeal Promo Code

Don't have a Yapeal account yet? Use our referral code to open your FREE Yapeal Bank account!

Use the promo code YAPS311WZ4WL before 30 April 2024 to receive CHF 30 for FREE πŸ™Œ

Get CHF 30 Free with Yapeal ➑️

Winners: CSX and Yapeal

Ranking summary table

We allocated 2 points to the free account criteria (FREE) and to CHF accounts with IBAN CH and 1 point to each of the other criteria.

We get the following comparison:

AlpianCSXNeonRadicantYapealYuhZakN26RevolutWise
Free22222222
Promo code1111111
CARD11111
VIRTUAL1
CASH11111
RATES11
Fast11111111
Smooth11111111
Safe1111
CHF2222222
CHF Transfers111111
EUR11111
SEPA1111
Travel111
Push1111111111
eBill111111
Mobile Pay1111111111
TWINT1111
Spaces11111
IBAN Perso11
TOTAL13121614101815111111

When choosing a neobank, it’s important to know how you plan to use it, what your needs are: for eBill choose Neon or CSX, for a personalised CH IBAN it will be CSX or Yapeal, for SEPA transfers it’s N26.

Here is the feature and price comparison of Alpian, CSX, Neon, Radicant, Yapeal, Yuh et ZAK

We will be happy to hear your thoughts

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The Best Neobanks in Switzerland
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