Test and reviews of the Best Swiss mobile banks in 2022 What is a Neobank?

Yuh vs Neon

You hesitate between Yuh Bank and Neon Bank, you do not know which neobank is the most advantageous for you, here is a comparison that will help you choose.

In our ranking of the best Swiss mobile banks you can see that Yuh and Neon Bank are neck and neck, being equal on almost all criteria, but there are some differences that may be important for you.

Yuh vs Neon – 1 point all around

Free debit card✅ Mastercard✅ Mastercard
Quick account opening ✅ 15 min. with the app✅ 15 min. with the app
Safe✅ Subsidiary of Swissquote and Postfinance✅ Partner of Hypothekarbank Lenzburg
Free CHF transfers
Push Notifications
Compatible with Apple Pay, Google Pay

Yuh and Neon are equal on these criteria, even though sometimes the experience can be different during account opening the 2 neobanks allow for a quick and easy opening in 15 minutes.

Yuh vs Neon – The features that Yuh doesn’t offer yet


Unlike Neon, Yuh does not yet offer eBill and TWINT (these options are on the roadmap).

2 points for Neon

Yuh vs Neon – Free bank account

Yuh and Neon offer free bank accounts with IBAN CH.

But beware of inactivity and reactivation fees at Yuh, it could cost you a lot of money: “dormant” account = 100 CHF/year, reactivation = 100 CHF

1 point for Neon

Yuh vs Neon – Promo code

When you open an account with Yuh or Neon, you receive a welcome gift of cash in your account, which is always nice.

Neon offers you 10 CHF with the code FR4FYL

If it’s the welcome gift that motivates you first, open an account with Neon Bank, and you can enjoy 10 CHF

1 point for Neon

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Yuh vs Neon Banque

Neon is a Swiss neobanks that offers free bank account in CHF

Use our referral code [wpsm_highlight color="yellow"]FR4FYL[/wpsm_highlight] to receive CHF 10 free!

Get CHF 10 with Neon >

Yuh vs Neon – Free Withdrawals

All banks try to limit cash withdrawals at the ATM, but some allow you to do so for free within certain limits.

Yuh gives you 1 free withdrawal per week, or 4 free withdrawals per month, then CHF 1.90 per withdrawal
Neon gives you 2 free withdrawals per month, then CHF 2 per withdrawal

The advantage clearly goes to Yuh which allows you to withdraw quite frequently if needed

1 point for Yuh

Yuh vs Neon – Which app is more ergonomic?

Discussing usability can be very subjective, but it comes down to which app is more intuitive and easier to use, for example:

  • How many clicks to access an important function?
  • How many clicks to complete a transaction?
  • Does the app crash often?
  • Is the app fast?

Without doing a complete ergonomic analysis (it’s not the purpose of this article), we think that the Yuh app is overall better than the Neon app:

The designs of the 2 apps are very modern, close to N26 and Revolut which are the references in terms of neobanks, but there are some differences:

With Yuh:

  • the application is fluid and fast
  • it is possible to change the monthly limit of the card (it is not as good as CSX)
  • all functions are directly accessible

With Neon:

  • the application is slower, there are sometimes “crashes” when connecting to the account
  • the application does not allow to manage the card limits
  • all functions are directly accessible

The 2 applications have a very good ergonomics and it is difficult to decide between them on this point, but the advantage goes rather to Yuh Banque which offers a more fluid and faster app

1 point for Yuh

Yuh vs Neon – Banking Licenses

Although Neon is a partner of a Swiss bank (Hypothekarbank Lenzburg) and Yuh is a subsidiary of Swissquote and Postfinance, neither has a banking license (Yuh uses the banking license of Swissquote Bank SA).

In both cases your deposits are protected up to 100,000 CHF.

0 points everywhere

Yuh vs Neon – Account in EUR

Neon offers a CHF account which means that any payment in EUR or other currencies will be subject to an exchange rate and possible fees. Neon uses Wise for foreign currency transfers and we have seen in our article on the Best CHF/EUR Exchange Rates that Revolut and Wise offer the best exchange rates and Neon – due to the Wise partnership – is just behind.

Yuh bank offers a multi-currency account with the choice of the main currency: CHF, EUR or USD which makes it an ideal bank account for cross-border commuters and non-residents.

Yuh allows you to create sub-accounts in 13 different currencies: CHF – USD – EUR – GBP – JPY – AUD – CAD – SEK – HKD – NOK – DKK – AED – SGD

Incoming bank transfers are free of charge on the available currencies, which is an advantage over Neon which can only accept CHF without fees.

But, because there is a but! Yuh applies 0.95% exchange rate fees, so crediting your Yuh account in CHF to convert them to EUR or another available currency will cost you 0.95%, which is not always advantageous compared to Neon.

To avoid exchange fees on EURO, the trick is to fund your Yuh account in EUR from another account in EUR (an account at UBS for example), you will then benefit from free payments in EURO zone.

1 point for Yuh

Yuh vs Neon – Trading Account

Yuh is the only Swiss neobank to offer a trading account for stocks/ETFs/trading themes and 32+ crypto-currencies such as Bitcoin.

On this point, Yuh competes with Revolut or Flowbank, but with different rates that we can compare in a future article.

1 point for Yuh

Yuh vs Neon – Swissqoins Loyalty Program (SWQ)

While Neon doesn’t offer a loyalty program yet (except for a carbon offset with Neon Green), Yuh offers a loyalty program that pays you in Swissqoins (SWQ): the crypto-currency created by Yuh.

At the launch of the program the rate was 1 Swissqoin = 0.01 CHF, so 500 SWQ = 5 CHF, today we are rather on 1 Swissqoin = 0.0115 CHF, that is to say an increase of 15% in 1 year.

Yuh pays you on the following operations:

  • Single deposit of 500 CHF at the opening of the account = 500 SWQ
  • Each trade with Yuh = 10 SWQ
  • Each payment with Yuh Mastercard = 2 SWQ

1 point for Yuh

Yuh vs Neon – SPACES

SPACES is a feature originally launched by N26: it’s similar to a shared sub-account at N26, but Yuh Bank and Neon are not yet on the same level.

Called SPACES at Neon and SAVE at Yuh, this feature is similar to a piggy bank without the possibility of sharing with other users, unlike Zak for example:

  • SPACES is a personal piggy bank
  • SPACES cannot be shared
  • SPACES does not have a dedicated IBAN (option offered by Bunq.com)

We remain on our hunger as well at Yuh as at Neon. If you need this feature, check out Zak.

0 points everywhere

Yuh vs Neon – Travel and Exchange Rates

As said above: Yuh bank offers a multi-currency account, while Neon offers a CHF account which implies that any payment in EUR or other currency will be subject to an exchange rate and possible fees.

Both neobanks are very transparent on the issue of exchange fees:

  • Yuh applies a 0.95% fee on currency exchange, as well as 4.90 CHF/withdrawal abroad
  • Neon does not apply any surcharge on the interbank rate and 1.5% fee on EUR withdrawals in Switzerland or abroad.

Yuh is strongly penalized by the 4,90 CHF fixed fee. Indeed, unless you withdraw 1,000 EUR – which is usually not possible – Neon Bank will always be cheaper on foreign withdrawals.

Yuh is also penalized on card payments because of the 0.95%, so Neon remains better positioned than Yuh on travel and exchange rates

1 point for Neon

Yuh vs Neon – Customers ratings and reviews

Yuh is rated 4.6 in the App Store (3.6k reviews) and Neon is rated 4.7 in the App Store (3.3k reviews) , it means that customers are quite happy with both neobanks.

0 point everywhere

Yuh vs Neon – Which neobank to choose

Taking all of these criteria into account, Neon Bank and Yuh are tied, with 5 points each. In the coming months, Yuh Bank will be able to recover 2 points with eBill and TWINT, but will still be penalized by its banking fees.

Your decision should depend on your own selection criteria:

  • if you want an account in EUR or USD, choose Yuh
  • if TWINT and eBill are important to you, choose Neon
  • if you make withdrawals once a week, choose Yuh
  • if you want an account that offers a Mastercard and a trading account, choose Yuh

And if you have any doubt, test the 2 because these neobanks are free and are possibly complementary:

Neon offers you 10 CHF with the code FR4FYL

We will be happy to hear your thoughts

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