Yuh Review: The BEST Swiss Neobank in November 2024

Yuh Quick Facts in November 2024

In This Yuh Review

• Introduction
• Yuh Bank: The Finance App of PostFinance & Swissquote
• Yuh Account Opening Review: 8/10
• Getting Started with Yuh
• Conditions for Opening a Bank Account with Yuh
• How to Open a Bank Account with Yuh
• Steps for Opening a Bank Account with the Yuh App
• Yuh for Foreigners and Non-Residents
• Our Opinion on the Bank Account Opening with Yuh
• Yuh App Features Review: 8/10
• Yuh App Features List
• Yuh App Payment Options
• Make a Transfer with Yuh
• Scan & Pay
• eBill
• Pay a Friend
• Yuh TWINT
• Yuh Swissqoin (SWQ): Price and evolution
• Yuh Joint Account
• Yuh Junior Account
• Yuh Savings account & Interest
• Yuh 3a : Your Pillar 3a Account with Yuh
• Invest with Yuh Finance App
• Our Opinion on Yuh App Features
• Yuh Credit Card Review: 9/10
• Yuh MasterCard Debit card
• Yuh Virtual Card
• Yuh Card Limits
• Yuh Card Settings
• Yuh Bank Fees: 9/10
• Yuh Private Account Fees
• Yuh MasterCard Fees
• Cash Withdrawals Fees in Switzerland
• Cash Withdrawals Fees and Payment Fees Abroad
• Fees and Transfer Limits
• Yuh Tax Statement
• Our Opinion on Yuh Account Fees
• Yuh Customer Service Review: 8/10
• How to contact Yuh?
• Yuh Address
• Our opinion on Yuh customer service
• Yuh App Customer Reviews and User Experience: 9/10
• Yuh App Customer Ratings
• Yuh App Customer Reviews
• Yuh App User Experience
• Yuh Banking License and Security: 9/10
• Our Final Review of Yuh
• Yuh vs Neon vs Zak: Which is the Best Swiss Neobank
• Yuh vs Neon: Which is the Best for You?
• Yuh vs Revolut: Which is the Best Multi-Currency Account?
• Yuh vs N26: Which is the Best EUR Account?
• Frequently Asked Questions (FAQ) about Yuh Bank
• Updates

Introduction

In November 2024, Yuh Bank is one of the most popular neobanks in Switzerland, earning an overall rating of 8.6/10 in our Yuh Bank Review and ranking 1st in our Top 10 Swiss Neobanks.

The Yuh finance app is designed to be your go-to banking solution, giving you the power to manage a free bank account in multiple currencies, invest in stocks and cryptocurrencies, save with Pillar 3a, and make mobile payments with a free debit card or Yuh TWINT.

Since its launch in 2021, it has gained popularity for its low fees and quick account setup process, which can be completed in just minutes. In this Yuh review November 2024, we’ll dive into the Yuh app’s key features, usability, and how well it serves your banking needs.

Yuh Bank: The Finance App of PostFinance & Swissquote

Yuh Bank is the neobank created by PostFinance and Swissquote. Marc Bürki, CEO of Swissquote, initiated contact with PostFinance to establish this joint venture, highlighting his interest and influence in the creation of this new digital banking entity. Markus Schwab, as CEO of Yuh Bank, emphasizes the mission of creatCHDing a digital bank tailored to the needs of Generation Z, with an innovative approach to developing the Yuh app.

The objective of PostFinance and Swissquote is certainly to compete with other Swiss neobanks such as Alpian, Neon, ZAK and Yapeal as well as non-Swiss neobanks that have a strong foot in Switzerland like N26 and Revolut!

Yuh Bank indeed offers a multi-currency account, having CHF or EUR as default currency, the ability to open sub-accounts for other currencies (USD for example), and the ability to trade shares or even buy Bitcoins and other crypto-currencies.

Here is a summary of the Yuh offer:

We have tested the Yuh app for you and compared features and pricing.

Yuh Account Opening Review: 8/10

Getting Started with Yuh

With Yuh, you can easily open a free mobile bank account directly from your smartphone. Our Yuh review shows that the registration process is intuitive and guides you through each step. Both Swiss residents and foreigners living in Germany, Austria, France, Italy, and Liechtenstein can also open an account with Yuh for foreigners in just a few minutes.

Signing-up with your PostFinance or Swissquote accounts to Yuh is even faster and easier—simply sign up using your PostFinance or Swissquote credentials.

Conditions for Opening a Bank Account with Yuh

Yuh Bank inherits the security standards and reputation of SwissQuote. You can use this Yuh account to receive your salaries and make bank transfers in Switzerland or to your Revolut card.

The footprint of SwissQuote is quite obvious: mails and emails are sent by SwissQuote. The account opening process is also guided by the SwissQuote process.

How to Open a Bank Account with Yuh

To open Yuh account you just need to follow these steps:

1. Download the Yuh app on iPhone or Yuh app on Android
2. Follow the instructions and verify your identity through the app
3. Enter the Yuh promo code: YUHNEO
4. Enter the Yuh bonus code under “Do you have a bonus code?”
5. Then make a deposit of 500 CHF. That’s it 😎

In practice, you may have to wait about 5 minutes to have your documents verified, then your account is opened!

Steps for Opening a Bank Account with the Yuh App

The Yuh App is available in French 🇫🇷 German 🇩🇪 Italian 🇮🇹 and English 🇬🇧

#1 Accept the legal terms of the Yuh account

#2 You can sign up with your PostFinance/SwissQuote credentials or create a new account

#4 When signing up, you have to answer several questions: a mix PostFinance and SwissQuote requirements

#5 You must declare your country of residence AND whether or not you are American

#6 Verify your phone number

#7 Enter your Name and choose a password (Yuh key)

#8 Enter your Email

#9 Enter your full address

#10 Confirm your fiscal and financial details

#11 Enter your bonus code: YUHNEO

#13 Verify your identity

#14 Digitally sign your contract

#15 Your account is – almost – opened! You just need to make small deposit: 10 CHF is enough

Your Yuh account is now open 🙌

But until your first deposit is done, you will only have a limited access to the Yuh app:

The Yuh Bank account allows you to make all standard transactions (bank transfer, direct debit, etc.) like with any Swiss bank account.

The MasterCard Debit card is free and – as per usual in Switzerland – your receive 2 letters: 1 for the card and 1 for the PIN code.

Yuh for Foreigners and Non-Residents

Yuh Bank stands out among Swiss neobanks by allowing non-residents from neighboring countries like France, Germany, Austria, Italy, and Liechtenstein to open an account, which sets it apart from competitors like Neon and Zak, both of which do not offer this option. This flexibility makes Yuh a top choice for cross-border workers and expats who need access to a Swiss account. In contrast, alternatives like Neon and Zak require Swiss residency, limiting their appeal to international users.

For foreigners looking for alternatives, Yapeal also offers banking solutions, but typically with higher fees. To explore more about non-resident options, check our comprehensive articles on 4 Ways to Open a Swiss Bank Account for Non-Resident and Neobanks for Non-Residents & Cross-Border Workers in Switzerland.

Our Opinion on the Bank Account Opening with Yuh

We like the guided opening process, even though there are many questions and letters. -2 points

Yuh App Features Review: 8/10

Yuh App Features List

As a neobank, Yuh Bank offers all their services through a mobile application. That means it’s possible to do almost everything from your smartphone:

• Access your payments history
• Make new payments
• Use eBill
• Pay with Yuh TWINT
• Pay with a virtual card
• Scan and upload invoices in Swiss format
• Block and replace your card for free
• Change your PIN code
• Update your phone number + all personal details
• Trade shares / ETFs / Trading Themes / Crypto-currencies
• Buy bitcoins
• Exchange currencies
• Create sub-account in other currencies
• Take advantage of the Yuh Savings plan
• Open a Pillar 3a account with Yuh 3A

But some features are missing:

• Joint account
• Junior account
• Instant payment (coming soon)
• No direct debit procedure (LSV)
• No settings for card limits beyond the Monthly limit
• Not possible to create and share space
• No chat support (on the roadmap)

About currencies and crypto-currencies:

• Foreign currency exchange is only available during open hours
• Bitcoin trading is only in USD and EUR (the same for all the other cryptocurrencies), meaning that you have to convert CHF or EUR before buying Cryptos.

Yuh App Payment Options

Yuh offers great flexibility for managing your payments, whether it’s transfers within Switzerland or internationally, or options like eBill.

Payment Options with Yuh

Transfers in CHF within Switzerland are free and instant via Yuh. You can easily transfer money to another Swiss bank account by entering the recipient’s IBAN and the desired amount.

For international transfers, Yuh charges a fixed fee of 4 CHF per international transfer, with an additional 0.95% currency conversion fee if the transfer involves a foreign currency. This option is ideal if you need to make payments outside of Switzerland.

Make a Transfer with Yuh

Making a transfer with Yuh is a simple and quick process. Here are the detailed steps to make a transfer:

1. Access the Payment section: From the app’s home screen, go to the “Pay” section by tapping the icon in the bottom menu, then select “Payment” or “Quick Pay”.
2. Choose the type of transfer: Select whether you want to make a domestic transfer within Switzerland or an international transfer.
3. Enter the recipient’s information:
   • For a domestic transfer, you’ll need to provide the recipient’s IBAN.
   • For an international transfer, you may need to specify the currency in addition to the IBAN.

   If the recipient is already in your contact list, simply select them. Otherwise, add a new contact by providing the necessary details.

4. Enter the amount and currency: Specify the amount you want to transfer. If you’re sending funds in a currency other than CHF, Yuh will automatically apply a conversion rate. Note that a 0.95% fee will be added for transfers in foreign currencies.
5. Add a reference (optional): If you have a reference or message to send to the recipient, enter it at this point.
6. Review the details: Before confirming the transfer, take a moment to review all the details (amount, recipient, IBAN) to ensure everything is correct.
7. Confirm: Once everything is verified, tap “Confirm”. The transfer will be processed. You will receive a notification once the transfer is complete, typically instantaneously for domestic transfers and within a few days for international transfers.

Scan & Pay

Yuh simplifies bill payments in Switzerland with the Scan & Pay option. By simply scanning the QR code on a bill with your smartphone’s camera, the app automatically captures the necessary payment details. Once verified, you can confirm the payment.

eBill

eBill allows you to receive and pay your bills directly from the Yuh app. Once registered for the eBill service, your electronic bills will appear directly in the app, ready to be paid in one click. This service is convenient for managing recurring bills without manual processing.

Pay a Friend

With the Pay a Friend option, Yuh allows you to transfer money to your friends instantly, directly from the app. You only need the recipient’s phone number or email address to send them money in a few seconds, without having to enter an IBAN.

Yuh TWINT

Yuh quickly launched its Yuh TWINT app, which integrates seamlessly with the main Yuh app. With Yuh TWINT, you can make mobile payments throughout Switzerland, enhancing the overall convenience and flexibility of using Yuh Bank. As TWINT is one of the most popular payment methods in Switzerland, its integration with the Yuh app makes everything from shopping to peer-to-peer payments possible on your smartphone.

Yuh TWINT App

Common Yuh TWINT issues: 

• If Yuh TWINT is not working, try restarting the app or checking for updates. Some users have reported seeing the error “Yuh TWINT: An error has occurred“, which might indicate server or connection issues.
• Another aspect to be aware of is the default Yuh TWINT limit, which sets daily and monthly payment limits. If your limit is too low to process larger payments, you can request to increase the Yuh TWINT limit. This can typically be done by contacting Yuh Bank support or adjusting the settings in the app.
• Users with foreign numbers, especially those with a German or French number, may encounter issues when using Yuh TWINT. In such cases, contacting customer service may help resolve compatibility problems.

Yuh TWINT is a significant advantage over other Swiss neobanks because it offers a dedicated app fully integrated into the Yuh banking ecosystem. While other neobanks like Neon and Alpian don’t provide their own TWINT solutions yet, they rely on alternatives like TWINT Prepaid or UBS TWINT. This sets Yuh Bank apart, as users can manage their mobile payments directly within the Yuh app without needing external services.

It’s also worth noting that international neobanks like Revolut and N26 do not offer TWINT support, making Yuh’s integration of TWINT a crucial feature for Swiss residents looking for seamless mobile payment options within their local context.

Yuh Swissqoin (SWQ): Price and evolution

Yuh Bank offers a unique loyalty program in the form of Swissqoins (SWQ), a cryptocurrency developed by Yuh and based on the Etherum blockchain.

The initial 250 SWQ are earned upon your account opening, then every time you make a transaction with your Yuh Mastercard or purchase an investment product, you earn Yuh Swissqoins. These coins can be held for future value growth or exchanged for Swiss francs.

Yuh Swissqoins (SWQ)

In November 2024, 1 SWQ = CHF 0.017 , so 250 SWQ = 5 CHF

The value of Swissqoins is tied to Yuh’s performance, and a portion of Yuh’s revenue is reinvested in the currency, which has led to its value rising from CHF 0.10 at launch to CHF 0.17 in November 2024. Additionally, Swissqoins are periodically burned when users exchange them, further contributing to their potential value increase.

Yuh Joint Account

As of now, Yuh does not offer a joint account option, which may be a drawback for couples or shared financial management. However, if you’re specifically looking for a joint account, you can explore Neon Duo, the only Swiss neobank that provides this feature. Neon Duo allows two users to manage a single account together seamlessly, making it ideal for shared finances.

For more international options, N26 and Revolut also offer joint accounts, giving you the flexibility to manage shared expenses with someone else. While Yuh continues to focus on individual accounts, a joint account option could potentially be introduced in the future, expanding its appeal.

Yuh Junior Account

Currently, Yuh Bank does not offer a Junior Account for users under 18. If you’re looking for an account for younger users, other neobanks like Neon or Zak might provide more suitable options with their child or youth accounts.

Yuh Bank continues to expand its services, and a Junior Account could potentially be introduced in the future, providing a more comprehensive offering for families.

Yuh Savings account & Interest

Im November 2024, Yuh Bank offers a competitive interest rate of 0.75% on CHF and 0.5% on EUR and USD, prorated over the year. With Yuh, you can enjoy low fees while earning interest on your savings, regardless of whether your money is in the Pay or Save section of the app.

The Yuh Savings Plan is designed to help you grow your savings effectively. It allows you to set aside funds for specific goals with flexible saving options tailored to your financial needs. The plan features no maintenance fees, ensuring that your savings are not diminished by hidden costs.

To learn more and compare Yu’s interest rates with other Swiss neobanks, read our article Yuh Bank Interest Rates in November 2024

Yuh 3a : Your Pillar 3a Account with Yuh

Yuh 3a offers a straightforward and affordable solution for anyone looking to save for retirement with an all-inclusive annual management fee of 0.50%. This fee covers custody fees, investment fees (TER), currency exchange, management fees, strategy changes, deposits, withdrawals, and account opening/closing.

The Yuh finance app provides an accessible option for managing your Pillar 3a account. You can select from five investment strategies, with stock allocations ranging from 20% to 98%, depending on your risk tolerance :

• Mild with 20% in equities
• Hearty with 40% in equities
• Spicy with 60% in equities
• Sharp with 80% in equities
• Fiery with 98% in equities

But Yuh’s Pillar 3a has its limitations. You’re limited to one account, and the predefined portfolios don’t allow for much customization, which could be a drawback if you prefer more control over your investments.

If you’re looking for more flexibility, Zak retirement savings account could be a strong alternative, offering a different approach to retirement savings.

To understand how it works and all the benefits, you can read our full review of Yuh 3a.

Invest with Yuh Finance App

Yuh offers a straightforward way to save and invest, giving you access to over 305 stocks, 58 ETFs (including ETFs with 0% management fees as part of the Yuh ETF savings plans.), and 38 cryptocurrencies. With fractional trading, you can purchase portions of shares, allowing for greater flexibility in building your portfolio.

Yuh’s fees are competitive, with no account management or custody fees. Trades on Swiss and foreign stocks and ETFs each have a 0.50% fee, while cryptocurrency trades incur a 1% fee. Like Neon Invest and Guided by Alpian, Yuh waives custody fees, reducing overall investment costs. However, stamp duties, TER fees, and a minimum trading fee of 1 CHF still apply.

For more information on investment options and the features of Yuh, check our review of Yuh Investment. This will provide you with additional details on using the platform and its benefits.

Our Opinion on Yuh App Features

In summary, Yuh has all the essential features you would expect from a modern neobank, including multi-currency account, seamless payments, and investment options like stocks, ETFs and cryptocurrencies. It also has some unique features like fractional trading, so you can buy parts of shares, which is great for investors who want to diversify their portfolios.

But some advanced or “comfort” features like joint accounts (offered by Neon Duo) and junior accounts are still missing. While Yuh is great at being simple and user friendly, adding these extra features would make it more appealing to a wider range of users. Overall, Yuh is a strong player in the neobank space.

Yuh Credit Card Review: 9/10

Yuh MasterCard Debit card

Yuh Bank offers a free MasterCard Debit card. It comes in black, similar to the premium cards offered by N26 and Revolut.

The Yuh Mastercard is delivered in a nice black cardboard sleeve:

Yuh Debit Card

The MasterCard is very good for travelling and is compatible with Apple Pay, Google Pay and Samsung Pay.

Yuh Virtual Card

Yuh offers a virtual card for online shopping, providing a secure option for digital purchases. But Yuh only allows for a single virtual card while with Alpian, you have the flexibility to create multiple virtual cards for added security and convenience, which you can delete as needed.

Yuh Virtual Card

Alpian Virtual Card

Yuh Card Limits

Yuh applies the following limits on the use of its debit card:

Yuh Card Settings

The Yuh card settings allow you to:

• View card information: card number, expiration date, and CVV
• View your PIN
• Change your PIN
• Temporarily block the card
• Add the card to Apple Pay
• Adjust the monthly limit

Note: If you change your PIN, you need to validate it at an ATM machine.

Unlike Alpian, N26 and Revolut, Yuh does not yet offer certain card usage restrictions, such as:

• Online payments (Alpian, N26 & Revolut)
• Cash withdrawals (Alpian, N26 & Revolut)
• Contactless payments (N26 & Revolut)
• Magnetic swipe payments (N26 & Revolut)
• Foreign transactions (N26)
• Geolocation restrictions (Revolut)

Alpian Card Settings

N26 Card Settings

Revolut Card Settings

While the Yuh card is efficient, it still lacks a few features to be perfect.

Yuh Bank Fees: 9/10

Yuh Private Account Fees

The Yuh plan is free that includes a free MasterCard Debit card.

• From : 0 CHF/month
• Account maintenance : via iPhone or Android mobile app
• Credit card : Debit MasterCard

Yuh MasterCard Fees

• Yuh MasterCard: Free and includes free delivery.
• Yuh MasterCard Delivery: Free
• A card replacement is charged 20 CHF.

Cash Withdrawals Fees in Switzerland

Yuh allows 1 free cash withdrawal per week (equivalent to 4 per month) at Swiss ATMs. After that, a transaction fee of 1.90 CHF applies for each additional withdrawal, with a monthly withdrawal limit of 10,000 CHF.

These conditions apply to both CHF and EUR cash withdrawals in Switzerland.

Cash Withdrawals Fees and Payment Fees Abroad

If you travel often or manage your finances internationally, Yuh has you covered. Transactions with the Yuh debit card are automatically processed in the corresponding currency, so there are no extra transaction fees when using one of the 12 supported currencies:

• AED (UAE Dirham)
• AUD (Australian Dollar)
• CAD (Canadian Dollar)
• CHF (Swiss Franc)
• DKK (Danish Krone)
• EUR (Euro)
• GBP (British Pound)
• HKD (Hong Kong Dollar)
• JPY (Japanese Yen)
• NOK (Norwegian Krone)
• SEK (Swedish Krona)
• USD (US Dollar)

You might think that Yuh is cheaper than Alpian and Neon, which both charge fees for payments in foreign currencies. But Yuh applies a 0.95% currency exchange fee if you’re paying in a currency not supported by Yuh. Additionally, when converting funds between sub-accounts (for example, from CHF to EUR), the same 0.95% fee applies. So, while Yuh can be convenient, it’s worth considering these fees carefully before using Yuh abroad.

For cash withdrawals abroad, Yuh charges 4.90 CHF in transaction fees per withdrawal, which is actually more expensive than Neon, which charges 1.5% per withdrawal, unless you withdraw more than 300 EUR (or the equivalent in another currency).

Fees and Transfer Limits

When it comes to transfers with Yuh, several fees and limits apply depending on the currency and the destination of the funds. Here are the key points to consider:

• Daily transfer limit: No specific limit.
• Monthly transfer limit: No specific limit.
• International transfer fee: 4 CHF per transfer, plus a currency conversion fee of 0.95% if the transfer involves a foreign currency.
• Transfers in CHF or EUR (SEPA): No fees for EUR transfers within the SEPA zone or CHF transfers within Switzerland.
• Currency conversion between sub-accounts: A 0.95% fee applies to each conversion between sub-accounts in different currencies (e.g., converting CHF to EUR).

These limits and fees are important to consider, especially if you make international transactions or frequent transfers.

Yuh Tax Statement

Yuh charges 25 CHF for the tax statement in PDF format with barcodes.

This eTax statement simplifies your tax filing by automatically compiling all your transactions, investment positions (stocks, cryptocurrencies, etc.), as well as the interest generated on your account. It saves you time and avoids the need to manually enter each transaction when preparing your tax return.

If you use Yuh only for basic banking operations, such as payments and savings, this tax statement is not necessary. You can simply declare your account balance as of December 31 and the annual interest in your tax return.

Our Opinion on Yuh Account Fees

Yuh offers a free account and a free MasterCard Debit, making it a very competitive option. However, the 4.90 CHF fee per withdrawal abroad and the 0.95% currency exchange fee increase the costs if you travel or make frequent payments abroad. This is why we deduct 2 points from Yuh for its fees.

Yuh Customer Service Review: 8/10

How to contact Yuh?

To contact Yuh, you must first go through the Online Help, then you have 2 options:

1. Contact support via online messaging by saying “agent” or “human” to the Chatbot
2. Contact Yuh support by phone with a non-premium number: +41 44 825 87 89

In both cases, agents are available from Monday to Friday, from 8:00 a.m. to 7:00 p.m.

The customer support offered by phone is very good and the advisors respond quickly.

Yuh Address

Yuh’s address is the same as Swissquote’s, which means that they share their office:

Yuh Ltd
Chemin de la Crétaux 33
PO Box 319
1196 Gland
Switzerland

Our opinion on Yuh customer service

Phone support at Yuh is quick and efficient, with friendly staff who respond promptly to calls. However, there is room for improvement, particularly by introducing in-app live chat support, as seen with competitors like N26. Such a live chat would significantly simplify customer interactions and increase availability outside regular business hours. Extended support availability, especially on weekends, would be desirable.

On a positive note, Yuh consistently responds to negative reviews on the App Store and Google Play in a timely manner, showing that the company actively works to improve the customer experience. Introducing a live chat feature could elevate Yuh’s customer service to the next level, enhancing user expererience even further.

Yuh App Customer Reviews and User Experience: 9/10

Yuh App Customer Ratings

The Yuh app is currently rated 4.6 on the App Store (3.4k reviews) and 4.4 on Google Play (1k reviews). These ratings are quite good, and the reviews consistently confirm that the user experience in Yuh reviews is positive.

Yuh App Store Reviews

Yuh Google Play Reviews

Yuh App Customer Reviews

We analyzed reviews on platforms like Trustpilot, the App Store and Google Play to better understand what users think about Yuh. The feedback shows that practical features, accessibility, and a pleasant user experience are particularly valued. Here are the most common points mentioned in their reviews:

• Ease of use and accessibility: Many users, like Robin Eicher and Vadim Slynko, appreciate the simplicity and intuitiveness of the app. Account opening is straightforward, transactions are quick, and financial management is clear and smooth.
• Comprehensive features: Yuh allows users to manage everything from basic banking operations to investments in stocks and cryptocurrencies. Raoul Trüeb highlights the functionality, while Andres Meyer praises the flexibility for payments and investments.
• Accessible investment options: The investment options are simple and suitable for beginners. Robin Müller finds that the range of investments is structured well to avoid confusion, yet relevant for those looking to start investing without too much complexity.
• Good customer support: The support team is generally perceived as efficient and friendly. Although some, like Elena Six, have reported difficulties, others, such as Ruxanda P., mention a responsive online support that builds trust.
• Areas for improvement: There are always aspects that could be refined. Marco Minu and Nicko Glayre note that customer service and certain features, such as exchange rates, could be optimized.

In summary, Yuh stands out with its simple yet comprehensive app that meets the daily needs and investment interests of its users. The neobank continues to evolve, incorporating user feedback, making it a solid and modern option for banking management in Switzerland.

Yuh App User Experience

Yuh, a product of PostFinance and SwissQuote, brings users a modern, sleek, and highly intuitive mobile banking experience. The app’s user-friendly interface has been thoughtfully designed to cater to both seasoned users and newcomers, rivaling top neobanks like N26 and Revolut. Here’s what sets Yuh apart:

• The mobile app is fluid and intuitive: The app interface is seamless, ensuring that users can easily find what they need without frustration. Navigating between functions is quick, making day-to-day banking efficient.
• Menus are clear and well organised: Yuh’s layout stands out for its simplicity. Menus are designed to be straightforward, allowing users to access their accounts, perform transactions, or manage investments with minimal effort.
• Essential features are always visible: Core banking features, such as balance checks, transfers, and investment options, are readily accessible and visible from the main dashboard, minimizing the need for unnecessary clicks or searches.

The focus on user experience makes Yuh not just a banking tool, but an enjoyable app to manage one’s finances, integrating modern tech capabilities with Swiss banking reliability.

We still withdraw 1 point because of some small navigation issues: the BACK button, for example, is annoying: each time you enter a menu, you must click on that Back button instead of having some direct links or overlay like N26 does.

Yuh Banking License and Security: 9/10

Yuh operates under the banking license of Swissquote Bank SA, which is authorized by the FINMA (the Swiss Financial Market Supervisory Authority). This arrangement allows Yuh to offer regulated financial services while ensuring compliance with Swiss financial regulations.

Your assets are held in custody by Swissquote Bank SA, keeping them separate from Yuh’s assets. This structure protects your investments in the event of bankruptcy. Additionally, customer deposits are protected up to 100,000 CHF under the Swiss Deposit Protection Act.

Yuh implements two-factor authentication (2FA) to secure access to your account. However, it is important to note that Yuh currently does not allow direct transfers of shares to another broker.

Overall, Yuh’s banking license and security measures help ensure the safety of your funds.

Our Final Review of Yuh

If you’re looking for a versatile neobank, Yuh Bank could be the ideal solution. It offers not only a free account in CHF and EUR but also a free MasterCard, giving you complete flexibility for your everyday financial transactions. The app, with its modern and intuitive design, makes managing your finances easy and enjoyable.

What truly sets Yuh apart from competitors like N26 and Revolut is the ability to invest directly from the app in financial markets, ETFs, and stocks. This investment feature, combined with easy foreign currency management, makes Yuh especially attractive to Swiss users.

Additionally, with the recent integration of TWINT, Yuh becomes even more convenient for mobile payments in Switzerland. This combination of banking and investment services places Yuh at the top of our ranking of the Best Swiss Neobanks.

Yuh vs Neon vs Zak: Which is the Best Swiss Neobank

Here is our quick comparison table to help you choose between Yuh, Neon, and Zak.

To find out how each criterion is evaluated, read our article Yuh vs Neon vs Zak.

Yuh vs Neon: Which is the Best for You?

For a quick decision, here is a comparison table between Yuh and Neon:

To find out how each criterion is judged, read our article Yuh vs Neon – Comparison of November 2024

Yuh vs Revolut: Which is the Best Multi-Currency Account?

For a quick decision, here is a comparison table between Yuh and Revolut:

To find out how each criterion is judged, read our article Yuh vs Revolut – Comparison of November 2024

Yuh vs N26: Which is the Best EUR Account?

For a quick decision, here is a comparison table between Yuh and N26:

To find out how each criterion is judged, read our article Yuh vs N26 – Comparison of November 2024.

Frequently Asked Questions (FAQ) about Yuh Bank

Updates

• Want to invest with Yuh? Read our complete review of Yuh Investment
• YUH Bank now offers eBill.
• YUH Bank is now compatible with Apple Pay.
• Yuh TWINT is now available
• Take advantage of interest rates at Yuh
• YUH Bank launches its Pillar 3a offer: Yuh 3A

Sources:

• Yuh website
• Finma Authorisation for Swissquote Bank AG / Yuh

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