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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Our Neon Bank review shows that it is one of the most affordable digital banks in Switzerland — but it may not be suitable for everyone.In this article, we analyse Neon’s fees, security, features and investment options to help you decide whether it’s the right choice for you. We also compare Neon with alternatives such as Alpian, Yuh and Zak to highlight their key differences.🎁 Use the promo code NEOTRADE to receive CHF 100 trading credit + free debit card when opening a Neon account.⭐ Our rating: 8.4/10 (Very good)
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Account opening
8
Usability
9
Features
8
Credit Card
8
Fees
9
Security
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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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
More details +
Account opening
8
Usability
9
Features
8
Credit Card
8
Fees
8
Security
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.Neon Invest is the investment solution integrated into the Neon app, designed to let you invest easily directly from your bank account, without using an external broker. Neon Invest is a good fit for you if you want to get started with investing or follow a passive strategy, using a curated selection of stocks and ETFs. In this Neon Invest review, we assess how it compares to traditional brokers.Neon Invest Overall Rating: 8/10
More details +
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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