As yuh doesn’t allow transferring securities, there is no way around paying the 0.5% + 0.15% a second time when eventually selling the fund (unless conditions change). Currency exchange at yuh can potentially be avoided as you can transfer foreign currency out of yuh.
The fund offering at yuh is terribly limited, especially in CHF where the only world ETF is IWDC with a 0.55% TER and forced currency hedging.
Ok, so i finally opened an account to check how it’s going, and wired a few hundred CHF.
It works as intended so far. Here some observations:
The app transparently says “max 0.5% markup on FX”. my so far two data points tell me about 0.2 and 0.35% compared to rates at www.exchangerates.org.uk, however that is within a day’s volatility so to be fair I’d have to wait for several more transactions to compile an average value.
there seems to be a fraction of 2% liquidity that you cant get rid of. so de facto 98% stocks in that portfolio.
the statement comes ony as PDF, nerds like me of course prefer csv, but hey. On the other hand it’s really detailed, which I commend.
Due to findependent acting on swiss intermediary, stamp tax applies. Which is nicely presented in the report, together with very small exchange fees. Together they amount for 0.14% of my initial deposit/ investment.
If anyone would like a referral code, pm me please each referral is worth CHF 4.4 p.a. for life against the all-in fee of 0.44%.
All else it works identically to Viac or finpension, simply outside of 3a