I’m moving in a few days from Canada to Lausanne, Vaud with my wife, and couldn’t be more excited!!
I however feel a bit nervous when it comes to choosing the right bank (banks?), there are many options available and I don’t have the experience to make the best call.
Hoping you can help me with some suggestions based on the following:
- I need a joint account for my wife and myself
- I plan to do a lot of purchases abroad, in EUROS, and want minimum fees
- I generally rarely use cash, if ever
- I’m looking to get a card with travel insurance if possible
I’ve seen a lot of praise for Neon, Revolut or N26. Can I make this my only account, or should I also open another account in a more traditional bank like Migros? If so, why is it better to have an account other than Neon? I’m asking, as this would mean extra fees to pay, and 2 banks to manage.
In terms of investment (Mutual funds) for my pillars, is that something you can do with Neon, or do you need another bank to do that? If so, what bank would be better?
Can I open a credit card in any bank, just like in Canada? (or do I need a checkings account in that bank?) What credit card would allow for minimal fees aboard when paying in Euros? Is there a card that does Cashback abroad? If not, would you suggest one card for international payments, and one for Swiss payments (with cashback)
Thank you so much.