Neon

Neon is a Swiss neobank partnered with Hypothekarbank Lenzburg, ensuring each account is protected up to CHF 100,000 by the Swiss deposit guarantee.

Who is Neon?

Founded in August 2017 by Jörg Sandrock, Julius Kirscheneder, Simon Youssef, and Michael Noorlander, Neon now boasts a team of 15 members. By October 2019, the app surpassed 10,000 users. Neon is a true neobank—no physical branches, with all services managed through its smartphone app, while the website serves as an informative showcase.

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Receive 30 CHF Trading Credit + a free Debit card with promo code NEONEO when you open your Neon Bank account . In this article, we review Neon Invest, the investment platform offered through the Neon App. Neon Invest Overall Rating: 8/10
More details +
Features
6
Usability
8
Fees
8
Safety
10
PROS:
  • Low transaction fees (0.5% for Swiss stocks)
  • No custody fees
  • No currency conversion fees
  • Simple and intuitive interface
  • Integration with the Neon app
  • Good for beginner investors
  • Automatic savings plans
CONS:
  • Limited supply of tradable securities
  • No limit orders
  • Cannot buy fractional shares
  • Not suitable for active traders
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Receive 30 CHF Trading Credit + a free debit card with the promo code NEONEO when you open your Neon Bank account. neon (or neon-free) is a Swiss neobank that allows Swiss residents to open a mobile bank account and benefit from the services offered by the bank through a mobile application. It takes less than 10 minutes to open a Neon account using the mobile app. Neon Overall Rating: 8.4/10
More details +
Account opening
8
Usability
9
Features
8
Credit Card
8
Plans & Pricing
9
Speed
9
Customer Service
8
PROS:
  • Free account
  • IBAN CH
  • Free MasterCard
  • eBill
  • Twint
  • Free payments abroad
CONS:
  • Only in CHF
  • Fee on SEPA payments
  • Only for Swiss residents
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