Depends. If it’s a genuine bank with a banking license and deposit guarantee, I’d have little issue with depositing up to that amount (under normal circumstances).
Swiss IBANs for sure. And individual ones per customer - although not in their name. That’s the catch.
IBAN number doesn’t determine deposit guarantee or country thereof.
Thanks for insights. I use Revolut mainly as wallet as I am quite happy with free Swiss bank accounts for normal banking.
Hence I didn’t research a lot about Revolut.
I wouldn’t recommend (and am not using) Revolut for CHF payments or domestic banking either.
I would still use Revolut whenever the operating company is not in Switzerland, even if the amount to be charged is presented as “CHF”.
I’ve had situations when the transaction was labelled as “foreign payment” and fees were charged for it, despite the currency.
(I believe with Booking.com or such)
My preference is completely avoiding cards that charge a fee for CHF processing outside Switzerland, but if your main card charges such a fee, it is indeed a good idea to use Revolut for possibly international CHF payments.
Unfortunately, this topic is quite complex and one of the biggest hurdles on our smooth path of frugalism. See discussions in this forum and Swiss consumer reports.
The topic might be complex,
But the solution for me is simple 
(Note: Condition is not “amount quoted in CHF”)
I understand and fully agree to your logic. From a purely practical point of view:
How do check this with a reasonable effort?
To clarify and correct myself: wouldn’t use or recommend them for CHF bank transfers to/from others.
Card payments are fine, and they thankfully don’t discriminate foreign merchants that might charge in CHF (but with foreign processor/merchant location).
Are you sure about that? What happens if you get charged more than the Revolut limit of CHF 1’200 by such a merchant?
Well, same thing as with a local, i.e. Swiss merchant: If you have the transaction currency already, it gets debited from that. If not, it’ll be exchanged from another currency. Which is free, up to a certain amount.
The thing is: Revolut only care about currency (and charge for exchange thereof) for card payments to merchants - little surprises there. No foreign transaction fee. And you always know the transaction currency.
But many Swiss credit cards charge foreign transaction fees - even when paying in CHF. Which can be difficult to find out before you receive your statement.
You either spend a minute researching the new vendor,
or get burnt once and learn to not be again.
My default Revoluts - that I might more frequently use, pretty much everything related to travel - are e.g.
When buying at “proper Swiss” online shops (Obi, Galaxus, whatever),
they often offer Twint (which is a good indicator of CH base),
so I just use that.
The only reason that I see to use the CH card with a non-CH vendor is if you have some sort of travel insurance cover - which implies you need to pay using that said card.
Or get a cc card that does not have this issue, I was so annoyed everytime UBS charged me that not being charged was one of the criteria when I switched
Right, that’s a very good rule of thumb.
My idea of using the credit card in CHF is to get much cash back as possible. Twint has a CHF 500/month limit if you use it with a credit card. Considering this, what’s the difference between using Twint and using Revolut?
Are there credit cards that don’t charge for non-Swiss merchants? I would be very interested in what you found.
The moneyland comparison lists this feature in the table.
Eg cumulus card doesn’t charge.
I apologize for my blindness, but I don’t see it. Can you point me to where you find it on Moneyland?
I forget if it’s in the matrix.
But in the details
Purchase abroad in CHF
For purchases abroad in CHF there is no administrative fee to pay
Found it. Thanks a lot!
(I wish it were in the matrix.)
I was actually just about to cancel my Migros Cumulus cc because of their ridiculous fx fees. But with this new information, I will reconsider.
They simply apply a poor exchange rate. Yesterday, I overpaid by 2 CHF for 100 EUR compared to the real exchange rate, which is a lot, to be honest.
