Has anyone analyzed the new fee structure of PF and the offer? As we said somewhere else, they are introducing a fee at least for the custody. What I saw is they start to offer also a managed service as well.
From a quick overview it looks like usual sh…stuff. Managed = they sell you the usual swiss funds of the big N banks with their own 0.75% fee on top.
The second offer is a consultancy. No idea how it works.
The third is the old stuff with new fees.
Did I miss something?
There is still their e-trading with the same old fees. 90.- custody fee which can be used for brokerage fees. Postfinance is ok after you reached FIRE, until then stick with IB.
They are collaborating with a Fintech company named additiv.
The managed account with 0.75% fee looks like usual roboadvisory, the consultancy with 0.90% is probably the same platform but you buy yourself whatever you like and meet with the postfinance advisors once in a while to discuss.
Here is a list with the products for those two services.
The interesting thing is that they don‘t even use the postfinance funds with the retrocessions, it‘s ETFs and index funds. Which makes the custody fee for the expensive postfinance funds even more of a ripoff. I don‘t see how the new products could be useful for a mustachian.
Sounds like they hired some guys who used to work at Credit Suisse to “optimise” their products for better “fee-optimisation”. Grrr 
they better not touch the no-nonsense CHF 90 annual fee (independent of portfolio value) for customers who don’t want any of this nonsense!
My thoughts too. I think I’m going to transfer big chunks from IBKR to PF (200-300k) just to be safe.
let me know how much it will cost
I will, in 5+ years lol.
Has anyone bought PF funds and got its statement this month? They show the new costs with 100% discount. The super-weird thing is that it’s an annual cost of 0.15% and it’s shown for every month.
I’m not a math genius, but I thought that 0.15% per month is not like 0.15% per year…
Once again Postfinance changes fees for the worse.According to the website they are introducing compulsory packages. Looks like a copy of the big bank packages.
Not everything is clear from the website, but as far as I understand, things will stay the same for basic clients with the 5 chf / month fee that can be compensated with 25000 in investments. But Postfinance Plus lose all benefits without paying more for the Plus package, like free withdrawals at foreign ATMs.
If they ever change the fixed 90 Chf/year fee for etrading, that will be the final straw to move everything to BCV. BCV has kept pricing the same for years, has cheap e-trading for swiss standards and with 50000 invested you can be premium client for free with free withdrawals etc. At least they show that they make an effort to value good clients.
ops. I didn’t know that.
Edit for my post above : the statement shows the yearly value (0.15%), but the results are for the monthly one (0.15%/12)
Edit: @fir no you are wrong. I didn’t read it all, but the free withdrawal worldwide are there.
edit2: I am also confused. You save 5chf/m here and there… but the price is…?
Does not look bad. I have currently “Private account plus”, they switch me to “Smart”. With for example 25000 CHF invested you get it for free. I am only losing free withdrawals abroad, but I don’t care. For EUR I have a EU account, for other currencies I can use Revolut.
This I did not notice first. Withdrawals from other bank’s ATMs are not free in CH anymore. Well, it is easy to avoid if you are aware of it.
I can’t find the summary of the real prices for the plus package. I only see tha the normal one cost 5 but you can save 5chf by giving up paper or/and 5chf by having more than 25k invested. Does it mean that the plus package cost 12chf minus 10? so at the end you get ATM withdrawal worldwide for 2chf/month.
I think I’ll play a Bocelli on them.
… Time to say goodbye…
I think the Plus package is at least 7, 12 reduced by 5 because of 25000 investments. The 5chf for paper are additional fees if you need them, you don’t get reductions for being paperless.
And you might not need to withdraw money from other atm’s with some planning, but it’s always handy, I 've used it a few times here and there and it was one of the reasons I stayed with Postfinance. They will already lose my postfinance fonds account until the end of this year after the 0.15% fee and the withdrawal of the free steuerbescheinigung.
And it’s the whole direction they are going, every year they are raising fees and/or reducing service like no other bank. What comes next?
It’s12-5=7 and what you get is:
So smart plus is in essence 34 chf for atm withdrawals.
Honestly I think product managers at post finance shit the bed. The difference between these two packages is so small that it’s just unnecessarily cluttering the product lineup. Just have one standard product…
Also the e-trading. How simpler would it be if they charged 10 chf per month and 10 chf per trade? No refundable credits, no 20 different price tiers. What justifies charging over 200 chf for a large trade?
Cash is not taken into account anymore therefore if one wants to keep the free withdrawals will have the monthly fee increased from 5 to 12.
I have plus currently but I will choose the smart option and ask the wife to carefully plan ATM withdrawals
What do you need cash for anymore anyway? Supermarket, clothes, etc goes with credit card. Abroad with Revolut.
The last big cash expenses I had when taking driving lessons. I guess the teacher was “flexible” in reporting his income 
I used to like paying cash and avoid “tracking and stuff”.
The reason they do this is to strong-arm the government. They want to show the hemorrhage of users and the increasing costs in order to get a full banking license. At that point they will be able to lend money in every way. Ofc also to pocket banking wages.
They won’t lower the costs since at that point they will be like any other bank.
They are killing a service for old and/or simple people.
I will close my EUR account with them since I don’t use it anymore and probably sell all funds. Next step will be to close it if it worsen. Or close it already. Pity for the withdrawals.
This is Switzerland. While things have improved due to the pandemic, we are not in Sweden here. There are lots of places that only accept cash. For example, haircut, many small shops, markets, and other random unexpected places.
That’s why I decided to boycott places where card payments aren’t accepted.