Top 8 Mobile Banking Apps in Switzerland in November 2023

In November 2023, there are 5 neobanks in Switzerland with their headquarters in Switzerland and offering Swiss IBAN starting with CH: CSX (CrΓ©dit Suisse), Neon 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 18 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 November 2023

RANKINGNEOBANKTOTAL
1Yuh 14 points
2Neon Bank14 points
3Zak Bank13 points
4CSX12 points
5Yapeal10 points
6Revolut9 points
7Wise9 points
8N269 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

The Best Mobile Banking Apps and Neobanks in Switzerland

FREE: You want a free online bank account

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

Yuh offers a free bank account, but you must be careful with dormat account fees that can be expensive: “Initial steps to re-establish contact” = 100 CHF/an, Management of assets without contact and dormant assets = 150 CHF 🚫

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

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

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

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

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

Neon offers you 10 CHF + Free Mastercard πŸ™Œ with the promo code FR4FYL. Get the Neon app here ➑️

CSX offers you 25 CHF Free πŸ™Œ with the promo code PA7840. Get the CSX app here ➑️

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

N26 and Revolut have no welcome offer. 🚫

Winners: CSX, Neon, Yapeal, Yuh and ZAK

CARD: You want a free international debit card

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

Neon offers a free Debit Mastercard but charge CHF 10 for delivery. Use our referral code FR4FYL to offset this fee βœ…

Neon Bank Promo Code

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

Use the promo code FR4FYL before 30 November 2023 to get CHF 10 + FREE Debit Card (10 CHF value) πŸ™Œ

This is a total value of 20 CHF, since you get 10 CHF in cash on your account and save 10 CHF for the Debit card.

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 🚫

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: CSX, Yuh and Zak

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…

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

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

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…

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

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…

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

Winners: Neon, 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…

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: neon, 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…

CSX is the neobank of CrΓ©dit Suisse 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: CSX 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 November 2023 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: CSX, Neon, 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: CSX, Neon, Yuh and Zak

EUR: You want a free bank account in EUR

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

With the exception of Yuh that 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: Yuh, N26, Revolut and Wise

SEPA: You want free SEPA bank transfers in EUR

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 November 2023 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: 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…

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 🚫

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 CSX, Neon, Yapeal, Yuh, Wise and Zak βœ…

1 point to each bank

eBill: You need eBill

Currently, only CSX, Neon, 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, Zak, Yapeal and Yuh

TWINT: You want to use TWINT

CSX 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 and Yuh

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

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

CSX and Yuh are now compatible with Apple Pay βœ…

Winners: CSX, neon, 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 November 2023 to receive CHF 30 for FREE πŸ™Œ

Get CHF 30 Free with Yapeal ➑️

Winners: CSX and Yapeal

Ranking summary table

We have granted 2 points to the CHF account with CH IBAN and 1 point to all other criteria.

We get the following comparison:

CSXNeonYapealYuhZakN26RevolutWise
Free111111
Promo code11111
CARD1111
CASH11111
Fast111111
Smooth1111111
Safe11
CHF22222
CHF Transfers1111
EUR1111
SEPA111
Travel111
Push11111111
eBill11111
Mobile Pay11111111
TWINT111
Spaces11111
IBAN Perso11
TOTAL1214101413999

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 CSX, Neon, 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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