Neon

Neon is a Swiss neobank partnered with Hypothekarbank Lenzburg, ensuring each account is protected up to CHF 100,000 by the Swiss deposit guarantee.

Who is Neon?

Founded in August 2017 by Jörg Sandrock, Julius Kirscheneder, Simon Youssef, and Michael Noorlander, Neon now boasts a team of 15 members. By October 2019, the app surpassed 10,000 users. Neon is a true neobank—no physical branches, with all services managed through its smartphone app, while the website serves as an informative showcase.

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The neobank Neon offers a Metal account that allows Swiss residents to open a mobile account and benefit from additional services.The Metal account is not free. It offers insurance packages in addition to the services offered on the Neon free account
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Account opening
8
Usability
9
Features
8
Credit Card
8
Plans & Pricing
8
Speed
9
Customer Service
8
PROS:
  • Less fees on withdrawals
  • Competitive exchange rates
  • Very comprehensive insurance packages
CONS:
  • Not enough discounts on fares
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Get 100 CHF Trading Credit with the promo code NEOTRADE when you open your Neon Bank account.In this article, we review Neon Invest, the investment platform offered through the Neon App.Neon Invest Overall Rating: 8/10
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Features
6
Usability
8
Fees
8
Safety
10
PROS:
  • Low transaction fees (0.5% for Swiss stocks)
  • No custody fees
  • No currency conversion fees
  • Simple and intuitive interface
  • Integration with the Neon app
  • Good for beginner investors
  • Automatic savings plans
CONS:
  • Limited supply of tradable securities
  • No limit orders
  • Cannot buy fractional shares
  • Not suitable for active traders
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Get 100 CHF Trading Credit plus a free debit card using the promo code NEOTRADE when you open your Neon Bank account.Neon (also known as neon-free) is a Swiss neobank enabling Swiss residents to manage a free bank account, invest, save, and make mobile payments entirely through a mobile app.Our user experience with Neon shows that it only takes less than 10 minutes to open a Neon account through the Neon app.Neon Overall Rating: 8.4/10
More details +
Account opening
8
Usability
9
Features
8
Credit Card
8
Plans & Pricing
9
Speed
9
Customer Service
8
PROS:
  • Free account
  • IBAN CH
  • Free MasterCard
  • eBill
  • Twint
  • Free payments abroad
CONS:
  • Only in CHF
  • Fee on SEPA payments
  • Only for Swiss residents
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Swiss Neobanks
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