Interesting comparison between all the Neo-banks made by Moneyland for those who can't decide on which to use: https://www.moneyland.ch/fr/neo-banques-suisses-etude-juillet-2024
That seems about right, good to see them all on one table.Interesting comparison between all the Neo-banks made by Moneyland for those who can't decide on which to use: https://www.moneyland.ch/fr/neo-banques-suisses-etude-juillet-2024
I don't really understand the column "Frais lors des retraits d'espèces" Why are these numbers so high? I think all Neobanks offer some free withdrawls, even with their free plans.That seems about right
To promote this change Radicant posted a comparison of the fx rates used for Swiss debit cards. Not surprising, Radicant was on top. I wonder where the new Wir Debit Card would have ended up on this comparison.Up until March, Radicant had a 0.80% fee on foreign transactions. The interbank rate is a new feature by Radicant, started in April 2024 I believe.
Yes, but several other news outlets also made a study recently, they all show Radicant on top. Moneyland for example, just posted above.To promote this change Radicant posted a comparison of the fx rates used for Swiss debit cards. Not surprising, Radicant was on top. I wonder where the new Wir Debit Card would have ended up on this comparison.
https://www.radicant.com/de/blog-po...se-der-wechselkurse-von-schweizer-debitkarten
In theory, exactly at the same place as Radicant since they both use the same rate.I wonder where the new Wir Debit Card would have ended up on this comparison.
Still doesn't add up. Accroding to Radicant price list, 1 withdrawl in Switzerland is free (you only get charged from the 13th withdrawl) and 3 withdrawls in foreign currency cost Fr. 5 each. That would be a total cost of Fr. 15. Moneyland writes Fr. 30 for 'Frais lors des retraits d'espèces'. To me this is a discrepancy of Fr. 15.Basically they used 1 withdrawal in Switzerland for 250CHF, and 3 withdrawals for 250 each in USD, EUR and THB. The fees you see come from the withdrawals abroad I assume.
I am skeptical about their methods of the abroad fees.That seems about right
Bei den Anbietern wurden die Wechselkurse für folgende Stichtage angefragt: 31.05., 03.06., 04.06., 05.06., 06.06., 07.06., 10.06., 11.06., 12.06., 13.06., 14.06., 17.06., 18.06., 19.06., 20.06., 21.06. Daraus wurde der Durchschnitt berechnet und mit dem Interbanken-Kurs gemäss Oanda verglichen.
True... But based on what they write in the methods they 'asked' for exchange rates at different days, which wouldn't be affected by this limit. (but the fees on top are)@Michael It may depend on how often they did the foreign exchanges. Revolut standard is only free for up to 1250 CHF (more or less) per month. And they did 2000 CHF with three currencies. So, if they spread it around the year, Revolut should be cheaper. But if they did in over three different months, we would have to be extra.
Actually, they do not use the same exchange rate. Radicant uses the interbank exchange rate while Neon uses the Mastercard exchange rate which is about 0.40% worse on average (can depend a lot on currency pairs).In my eyes there should be no real difference between Neon and Radicant for "Gebühren Ausland".
What is TBH?Interesting, I thought they are using the Visa exchange rate. Seems that changed which is great.
Benefit from 0% fees when shopping abroad! Online and in-store. That means no Visa markup, no transaction fees, nothing. When you pay with your radicant card, we will only apply the mid-market exchange rate.
But still, not sure the math is correct. It's 6000 CHF in 3 different currencies, which makes 24 CHF of markup from Visa. Maybe TBH is much worse with Neon vs Radicant. I just would wish Moneyland is more transparent in their article and provide the details.
Even the fee of 5.40 CHF for Radicant are unexplained. What is that fee for? Don't see any fees with Radicant then, unless it's due to TBH.
Do Yuh and Neon process foreign transactions at time of purchase? I've only been using Revolut abroad, next week I'll start using Radicant for the first time, so I'm not sure how other banks do it.TBH is thailändischen Baht as per moneyland testing scenario in addition to dollar and euro. TBH might have indeed rather 1%. Just sad moneyland is not showing details and has not transparency.
I have radicant and it's indeed true that they don't use the exchange rate of purchase but w day or so later. Can be good or bad, but I don't like it. Makes it more difficult to compare as well.
With that said I am happy with them and use it for all foreign transactions or transactions in noj CHF. Their interest rate is also great for a checking account.