Which bank do you use?

[Baptiste Wicht]

Isn't the 0.4-0.47% the management fee? From what I saw on their portfolio description, their Global fund also has an additional 1.5%TER.

You are right, they mention 1.5%. I will ask them for details.

 

[Lelouch]

Bought something on Amazon today and decided to check how their currency conversion rate compares to Radicant, it's surprisingly not bad! Radicant's rate is nearly the same as Google's rate.

 

[Baptiste Wicht]

Thanks for sharing @Lelouch
This is always good to see actual results!

 

[justatreeinthesea]

Regarding WIR, the blog states: "If you do a transfer in EUR in the SEPA region or in Switzerland, you will not pay any fee. However, if you do a transfer outside this region or in another currency, you will pay 5 CHF per transfer. In both cases, WIR will use its exchange rate. Currently, it looks like they have a surcharge of 1% on the interbank exchange rate for these transfers."

I'm not seeing this exchange rate in their T&Cs: https://www.wir.ch/fileadmin/user_upload/Dokumente/Informationen/zinsen-konditionen-bank-wir-fr.pdf

Did anybody find an official reference to it?
Looks like it's a bad idea to use them for anything other than CHF and EUR anyway, but still curious about it.

 

[Baptiste Wicht]

@justatreeinthesea Keep in mind that this is only for transfers from accounts to accounts, not to use with the card. Most Swiss banks do not publish their exchange rates. 1% is what I could find reported by some users online.

 

[Lelouch]

So Radicant just announced that they now offer a travel insurance!


This is pretty impressive for a free account. They are really aggressive in growing their customer base, offering so many amazing perks! I hope it works for them, I suppose they will start implementing some fees or paid plans starting from next year, but as of right, they are miles above the competition I think.

 

[justatreeinthesea]

@justatreeinthesea Keep in mind that this is only for transfers from accounts to accounts, not to use with the card. Most Swiss banks do not publish their exchange rates. 1% is what I could find reported by some users online.

So much for transparency .

 

[C M]

I started by using Neon as a salary account and daily business, while keeping a joint account on Migros Bank for rent deposit.

Now I added ZKB to the mix, which is now our main joint account. Neon is still used for foreign transactions, and the rent deposit remains on Migros Bank.

I also have a Zak account, but don't see the point of using it. Tried numerous times to open a WiLLBe account, but quit after waiting forever for the confirmation letter that never came.

Thanks @Baptiste Wicht for the tips, otherwise I would probably be stuck with UBS =)

 

[Baptiste Wicht]

Thanks @Baptiste Wicht for the tips, otherwise I would probably be stuck with UBS =)

Glad I could help you save some fees. And nice selection of banks!