Neobanks make a simple but powerful promise: to give users control over their finances. They promise banking without the hassles of traditional institutions, with services available instantly, wherever you are. Opening an account in minutes, tracking your expenses in real-time, transferring money internationally without hidden fees – this is what neobanks offer you. In short, the promise of neobanks is a banking experience that finally puts the user at the center.
What is a neobank or an online bank?
Neobanks are fully digital banks, accessible primarily via mobile applications. They have no physical branches and focus on a fluid, intuitive user experience. Some have banking licenses like traditional banks, while others have finance company licenses.
List of leading online banks in Switzerland
In Switzerland, a number of neobanks stand out for their varied offerings:
- Alpian
- Neon
- Radicant
- Yapeal
- Yuh (Swissquote)
- Zak (Cler Bank)
- N26
- Revolut
- Wise
Advantages of neobanking in Switzerland
- Ease of use and accessibility: quick registration via smartphone, with no need for proof of income or initial deposit.
- Competitive pricing: most bank accounts and cards are free.
- Use abroad: advantageous exchange rates and low transaction costs.
- Optimized financial management: receive real-time notifications of every transaction and use integrated tools to manage your finances.
- Greater control and flexibility: cards can be blocked or unblocked directly from the mobile application.
- Digitalized, responsive customer service: customer support via chat or email, often available 24/7, for rapid problem resolution.
- Integration of innovative features: automatic savings options, stock market investments, and budget management features that help users better manage their personal finances.
Disadvantages of neo-banks in Switzerland
- Lack of physical contact: no branches or personal advisors.
- Limited services: neo-banks generally offer fewer banking services than traditional Swiss banks.
- Perception of security: some users may consider neo-banks to be less secure.
- Limited financial products: few neobanks offer credit products or mortgages.
- Dependence on technology: access to services is entirely dependent on the availability of the mobile application and Internet access.
Comparison with conventional Swiss banks
Neobanks stand out for their enhanced user experience, addressing issues that traditional Swiss banks don’t always manage to resolve, such as convenience and speed of service. Opening an account is quick and done online, usually in a matter of minutes, thanks to identity verification services such as IDnow or Swisscom. However, traditional banks in Switzerland remain reliable thanks to their physical presence and long history.
The main differences between neobanks and traditional banks concern :
- The mobile application: neobanks require the use of an application for all transactions.
- Costs: neobanks offer lower management fees and more competitive exchange rates.
- Breadth of services: traditional banks offer a wider range of financial services, such as mortgages.
Best Online Neo-Banks in Switzerland in 2025
Neo-banks continue to gain popularity in Switzerland. Here’s an overview of the best options available in 2025, based on key criteria such as fees, features, and user experience. You can consult the 2025 comparison of the best online banks in Switzerland or discover an overview here:
Zak is one of the most popular neobanks in Switzerland, offering CHF accounts with a user-friendly mobile app. Users benefit from services such as personal finance management, real-time notifications, and TWINT support for mobile payments.
Alpian is Switzerland’s first digital private bank, combining human expertise and technology. It offers a personalized management mandate starting from CHF 30,000, with a dedicated advisor accessible via video, transparent fixed fees (0.75%), and a smooth application to track investments. The “approach is based on optimized ETF portfolios, a strategy aligned with the user”’s profile, and unlimited human monitoring. Alpian “caters to those who want to go beyond self-directed” investing without accessing traditional private banks.
Neon stands out for its ease of use and competitive rates. It offers CHF accounts with features such as international transfers via Wise, sub-accounts for better budget management, and responsive customer service.
Yuh combines the advantages of a neobank with investment options. In addition to CHF and EUR accounts, Yuh offers investment tools for stocks and cryptocurrencies, as well as an ethical score for sustainable investments.
Radicant is an innovative Swiss neobank focused on sustainability. It offers 100% digital CHF accounts and a modern interface designed for engaged customers. Thanks to its “impact investing” approach, Radicant allows investment in thematic portfolios aligned with the UN’s Sustainable Development Goals (SDGs). The user experience is based on an intuitive app, clear fees, and a guided investment strategy designed to combine financial performance with positive impact.
Deposit Security
Deposit security is a crucial factor for neo-bank users. In Switzerland, deposits are protected up to CHF 100,000 in case of bankruptcy for banks approved by FINMA. CSX, Neon, Yuh, and Zak are all backed by banks benefiting from this protection.
Which Neo-Bank / Online Bank to Choose in Switzerland in 2025?
Neobanks are particularly well suited to :
- Digital users looking for lower costs.
- Frequent travelers benefiting from advantageous exchange rates.
- People who want a second account for lower bank charges.
Zak, Alpian, Neon, Yuh, or CSX. These neo-banks are well integrated into the Swiss banking system and offer accounts in CHF. They are suitable for life in Switzerland.
Revolut or Yuh. Revolut offers sub-accounts in multiple currencies with interbank exchange rates, ideal for frequent travelers. They are well-suited for traveling abroad.
N26 or Yuh. N26 is known for its high-quality mobile app, while Yuh offers multi-currency accounts. They are ideal for holding euros.
To ensure you make the right choice, we recommend consulting the 2025 comparison of the best online banks in Switzerland.
Green offerings from Swiss online banks 🌱
As consumers become increasingly environmentally conscious, some neobanks like Radicant and Neon offer eco-friendly options. Radicant stands out for its commitment to the UN’s sustainable development goals, while Neon offers wooden cards and reforestation initiatives.
FAQ about Neobanks and Online Banking in Switzerland
Who can use neobanking services in Switzerland?
Neobanks are particularly suited to users who are comfortable with digital technologies, want to reduce banking costs, or need convenient banking solutions for international travel.
What payment cards do neobanks offer?
Most neobanks offer Mastercard or Visa debit cards. Some also offer prepaid credit cards, although traditional credit cards are less common.
Can I get a Swiss IBAN with a neobank?
Yes, some Swiss neobanks like Neon and Zak provide Swiss IBANs, facilitating local transactions. Others, like N26, allocate foreign IBANs.
What is the Best Bank for Cross-Border Workers in 2025?
There are several ways to repatriate your salary as a Swiss cross-border worker. Consult our banking guide for cross-border workers (2025) which contains all the information to know which is the best bank for French-Swiss 🇫🇷🇨🇭 cross-border workers, for example.
What are the costs of neobanking services?
Neobanks are known for their competitive rates, often free of account management fees. However, fees may apply for specific services such as foreign cash withdrawals or international transfers.
Can I use TWINT with a neobank?
Yes, some Swiss neobanks, such as Neon and Zak, are TWINT-enabled, simplifying mobile payments in the country.
Are neobanks secure?
Neobanks use advanced security technologies to protect their customers’ data and transactions. In Switzerland, deposits in these banks are generally covered by the same guarantees as those in traditional banks.
Do neobanks offer loans or mortgages?
At present, the majority of neobanks do not offer loans or mortgages. They concentrate on basic services such as current accounts and payments.
What additional services do neobanks offer?
In addition to basic banking services, many neo-banks offer budget management tools, real-time notifications, and automatic savings options. Some also allow stock market investments or currency exchange.
How to choose the best neobank in Switzerland?
To choose the best neobank, it’s important to compare fees, features, customer service and compatibility with your specific needs. The presence of a Swiss IBAN, TWINT compatibility and bank tests, reviews and comparisons are also important sources to consult in order to make the right choice.
To conclude
In 2025, neo-banks in Switzerland offer flexible and modern solutions to meet the varied needs of users, whether for daily financial management, investments, or travel. They are increasingly considered as alternatives to traditional banks. Choosing the right neo-bank depends on each user’s specific needs, whether it’s reduced fees, innovative features 💡, or environmental commitments 🌱.
