Yes, I think CSX is the best free offering of all the Neo-bank / app stuff and you can also use the regular CS e-Banking, which is great. They also have a 3a offering for (AFAIK - to be confirmed) 0.95% for the 75% ETF, if for you the 1% before at PF were okay
Not sure though if CSX has an auto-categorising feature. Maybe I have it disabled or so because it’s usually the first thing I do because I don’t need such a feature, I find it annoying as I like as clean and simple as possible.
UBS is not bad but terribly expensive and their E-Banking looks a bit cluttered and outdated from a design perspective. Not as bad as others, but I like CSX or Raiffeisen etc. in terms of design much better. With UBS family you can also have as many cards as you want, anyway you get at least 3 by default per person.
Unlikely with all your requirements.
Is 8CHF/month (at UBS for example) really that much compared to your total NW / income / expenses?
Price of less than 2 coffees for a peace of mind and all the needed features - I would say it’s worth it.
I am with UBS and happy for the last 7+ years.
P.S. Now they apparently seem to have a promo offer of 0.3% reduction on the mortgage rates for clients (not that I need it, but I think I read you might soon).
It all depends on your interest and where your priorities lie. But on the principle of paying to have your money in a bank, I find that not very efficient, given the current market offer.
I think that the best compromise at the moment is with the Migros bank.
For 0,20 CHF per money entry, keeping 7500.- in account, the opportunity cost is for me unbeatable (better than the offer of the BCV with everything offered from 10K in account).
I haven’t tried the Migros Bank offer yet, but I definitely intend to try it and make up my own mind (and I have tried CSX, BCV, UBS and Raiffeisen).
Yes that may be a drawback if you intend to use the debit card on a daily basis. However, I pay all may stuff using the Swisscard cards to get cashback, so it’s not an issue for me. I use the CSX debit card only in places where credit cards are not accepted, which is very rare and then I usually use TWINT rather than the card itself, CS TWINT can be used with CSX.
Be ready to be shocked when you see their e-Banking the first time. I basically quit on the same day when I got the e-Banking credentials. I tried to find out where on the website is the link to the login page and then found out that there isn’t a web based online banking, you have to install a software on your computer for it which looks kind of outdated and you also have to install it on a second device because you always need two of them for everything. I called them and asked if they really don’t have a web based e-Banking because I couldn’t believe it, but they confirmed.
It’s not a prepaid card or so, every month I get an e-Bill for all my credit card spending. I basically pay everything I can with credit card and get paid for it, which is quite nice.
Approving the e-Bill is one click you need to make together with other bills which you need to approve anyways. You can even configure auto-approval for e-Bills so it gets approved automatically every month, then you have to do absolutely nothing. I guess most credit card companies also offer LSV, but I prefer to use e-Bill for everything.
Like that, you can also not forget to the pay the bill, and there will be no fees.
I don’t do categorisation for my spending because I think it’s a waste of time. It is good in the very beginning of your FIRE journey when you want to get more disciplined and so on. I also used YNAB to track and budget my spendings in the beginning. But once you have set up everything, you have your emergency funds, configured standing orders for everything etc. and you have your spending under control intuitively, and your savings rate is at the levels you wanted it to be, then it doesn’t make sense anymore for me to categorise every payment I make and it becomes more of a time waster because there is no benefit anymore.
not sure what calculating means in this context, but it seems you’re not tracking expenses, which I said is fine as it’s a personal thing. I’m not happy with a 4k bill at the end of the month that said “CC expenses”.