# New Postfinance services/fees
**URL:** https://forum.mustachianpost.com/t/new-postfinance-services-fees/3840
**Category:** Banks, Insurances & Third Pillar
**Created:** [May 12, 2020, 9:04pm UTC](https://forum.mustachianpost.com/t/new-postfinance-services-fees/3840 "2020-05-12T21:04:11Z")
**Posts on this page:** 20
**Page:** 2
### Author:  [@anon90991199](https://forum.mustachianpost.com/u/anon90991199)
#### Post date: [April 2, 2021, 8:36am UTC](https://forum.mustachianpost.com/t/new-postfinance-services-fees/3840/21 "2021-04-02T08:36:57Z")
Going back on topic, I expect nothing good from PF in the next years. They have raised fees in so many different ways in the past year. Every few months there is a new bombshell. Unfortunately, I cannot switch yet but I am definitely working on it.
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### Author:  [@PriorBall](https://forum.mustachianpost.com/u/PriorBall)
#### Post date: [April 2, 2021, 10:21am UTC](https://forum.mustachianpost.com/t/new-postfinance-services-fees/3840/22 "2021-04-02T10:21:10Z")
thats why i cancelled all services with PF and moved to Neon/VIAC/IKBR & Coinbase Pro.
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### Author:  [@SwissTeslaBull](https://forum.mustachianpost.com/u/SwissTeslaBull)
#### Post date: [April 2, 2021, 10:43am UTC](https://forum.mustachianpost.com/t/new-postfinance-services-fees/3840/23 "2021-04-02T10:43:28Z")
The basic account is still free with 25k in the depot and i‘m not using cash for over 1 year so nothing changes for me.
PF/Viac/Revolut
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### Author:  [@Bojack](https://forum.mustachianpost.com/u/Bojack)
#### Post date: [April 2, 2021, 11:08am UTC](https://forum.mustachianpost.com/t/new-postfinance-services-fees/3840/24 "2021-04-02T11:08:02Z")
Yeah, I don’t know what kind of “bombshell” there was. If you have at least 25k invested with them, nothing changed.
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### Author:  [@anon90991199](https://forum.mustachianpost.com/u/anon90991199)
#### Post date: [April 2, 2021, 11:40am UTC](https://forum.mustachianpost.com/t/new-postfinance-services-fees/3840/25 "2021-04-02T11:40:06Z")
I don’t have anything invested with them. I have to cough up 12 francs per month or pay money in the off chance I need to use their debit card at a non-Postomat ATM. For instance, last year when I was in Italy, I was unable to use Revolut for whatever reason in one location and had to use my debit card to get money. Now, it would be a 5 chf transaction fee.
They have consistently revoked services and/or increased fees for over 3 years now. I mean they are in a tough spot I understand with negative interest rates and unable to do mortgages, but the trend is the same nonetheless.
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### Author:  [@Bojack](https://forum.mustachianpost.com/u/Bojack)
#### Post date: [April 2, 2021, 12:20pm UTC](https://forum.mustachianpost.com/t/new-postfinance-services-fees/3840/26 "2021-04-02T12:20:47Z")
I find it weird that some banking services are free at all. Free means someone else is paying and youre free riding. If Neon is enough for your needs, go with them. I think PF is still attractive as a one stop shop at still attractive prices. Definitely beats UBS and CS. I wonder why people stick with these. Who in their right mind keeps a brokerage account with these?
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### Author:  [@Cortana](https://forum.mustachianpost.com/u/Cortana)
#### Post date: [April 2, 2021, 1:05pm UTC](https://forum.mustachianpost.com/t/new-postfinance-services-fees/3840/27 "2021-04-02T13:05:44Z")
They don’t know better or they don’t care about the price difference. On another note, the UBS family bank package is a pretty good offer for couples IMO.
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### Author:  [@rolandinho](https://forum.mustachianpost.com/u/rolandinho)
#### Post date: [April 3, 2021, 12:00pm UTC](https://forum.mustachianpost.com/t/new-postfinance-services-fees/3840/28 "2021-04-03T12:00:27Z")
> [@Bojack](#):
>
> What justifies charging over 200 chf for a large trade?
Justification = Every other non-exotic CH broker does (I’ll call degiro exotic because it simply won’t be “trustworthy” enough for many many folk), so there simple is no reason not to charge CHF 200 for a CHF 50k trade.
Postfinance works together with Swissquote and they’ll protect their share of the cake together, until forced to reduce fees by a disruptor or major shift to “cheap” foreign brokers.
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### Author:  [@Bojack](https://forum.mustachianpost.com/u/Bojack)
#### Post date: [April 3, 2021, 12:23pm UTC](https://forum.mustachianpost.com/t/new-postfinance-services-fees/3840/29 "2021-04-03T12:23:57Z")
If that was true, then this screams for a newcomer. Like, if Neon implemented their own online trading for simple non-leveraged trades, even only on SIX, that would be huge. I also think things would get reshuffled if stamp duty was abandoned.
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### Author:  [@JMH](https://forum.mustachianpost.com/u/JMH)
#### Post date: [April 3, 2021, 5:05pm UTC](https://forum.mustachianpost.com/t/new-postfinance-services-fees/3840/30 "2021-04-03T17:05:17Z")
Totally Agree with @Bojack They are unfortunately trying to obligate you to do everything with them (artificially increase “loyalty”)…but as I’m only using them for the easy access to trading until 100k or so, nothing changes for me. Never planned on using the maestro anyway. But I do get why it would be frustrating for anyone that doesn’t want to have more than 25k invested and/or use for maestro without crazy costs. If they leave me alone (keep 90CHF custody account, and 25k minimum), I’ll stay for simplicity. If that changes, I’ll have to review again.
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### Author:  [@anon90991199](https://forum.mustachianpost.com/u/anon90991199)
#### Post date: [April 4, 2021, 4:22pm UTC](https://forum.mustachianpost.com/t/new-postfinance-services-fees/3840/31 "2021-04-04T16:22:24Z")
What are the costs involved if you wanted to shut down PF e-trading account and transfer your stocks to say InteractiveBrokers? Is that possible or do you have to sell everything first?
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### Author:  [@xorfish](https://forum.mustachianpost.com/u/xorfish)
#### Post date: [April 4, 2021, 4:46pm UTC](https://forum.mustachianpost.com/t/new-postfinance-services-fees/3840/32 "2021-04-04T16:46:15Z")
It costs 100 chf + Value added tax per position.
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### Author:  [@anon90991199](https://forum.mustachianpost.com/u/anon90991199)
#### Post date: [April 4, 2021, 5:10pm UTC](https://forum.mustachianpost.com/t/new-postfinance-services-fees/3840/33 "2021-04-04T17:10:14Z")
okay, not too bad if you only have VWRL.
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### Author:  [@Giff](https://forum.mustachianpost.com/u/Giff)
#### Post date: [April 6, 2021, 8:05am UTC](https://forum.mustachianpost.com/t/new-postfinance-services-fees/3840/34 "2021-04-06T08:05:11Z")
Funny enough, in Sweden there is a movement (not sure how big) of people boycotting places that do not accept cash.
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### Author:  [@Bojack](https://forum.mustachianpost.com/u/Bojack)
#### Post date: [April 6, 2021, 8:44am UTC](https://forum.mustachianpost.com/t/new-postfinance-services-fees/3840/35 "2021-04-06T08:44:57Z")
With these small white bluetooth terminals that pair with your smartphone, or with TWINT, I don’t see a reason not to support card payments alongside cash. Other than for the lack of knowledge or laziness of the business owner. I recently approached my Syrian coiffeur (only accepts cash) and showed him TWINT, he didn’t even know it exists.
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### Author:  [@Bojack](https://forum.mustachianpost.com/u/Bojack)
#### Post date: [April 6, 2021, 11:14am UTC](https://forum.mustachianpost.com/t/new-postfinance-services-fees/3840/37 "2021-04-06T11:14:12Z")
“Terminal” can just be a smartphone, at least that’s how I paid a few times. And 1.3% fee. Well, would you forego 25 CHF income (a customer had no cash) because you had to pay 0.32 CHF?
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### Author:  [@SwissTeslaBull](https://forum.mustachianpost.com/u/SwissTeslaBull)
#### Post date: [April 6, 2021, 11:19am UTC](https://forum.mustachianpost.com/t/new-postfinance-services-fees/3840/38 "2021-04-06T11:19:49Z")
Twint using QR code is also supported for businesses
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### Author:  [@nabalzbhf](https://forum.mustachianpost.com/u/nabalzbhf)
#### Post date: [April 6, 2021, 11:40am UTC](https://forum.mustachianpost.com/t/new-postfinance-services-fees/3840/39 "2021-04-06T11:40:34Z")
> [@Bojack](#):
>
> Well, would you forego 25 CHF income (a customer had no cash) because you had to pay 0.32 CHF?
You also have to take into account people who would want to use card since it’s available. Might or might not make sense but not necessarily straightforward 🙂
(also wouldn’t be surprised if some merchant are shifting a bit of revenue untaxed when using cash, don’t know how prevalent that is in Switzerland though).
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### Author:  [@Bojack](https://forum.mustachianpost.com/u/Bojack)
#### Post date: [April 6, 2021, 1:02pm UTC](https://forum.mustachianpost.com/t/new-postfinance-services-fees/3840/40 "2021-04-06T13:02:02Z")
Good point. Although they need to report **some** income to stay under the radar. You would laugh if you saw how blatant this practice is in Poland. My friend called a handyman to renovate his house and said he absolutely needs an invoice. Was willing to pay more, just to have it done legally and to have a paper trail. The handyman said that it’s not possible, because he’s on sick leave / disability benefit. And he was working while receiving it and not even hiding the fact during a phone call with a stranger. “This is why we can’t have nice things” 🙂
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### Author:  [@Cortana](https://forum.mustachianpost.com/u/Cortana)
#### Post date: [April 6, 2021, 2:04pm UTC](https://forum.mustachianpost.com/t/new-postfinance-services-fees/3840/41 "2021-04-06T14:04:26Z")
There is only one reason for cash only shops, tax fraud. Don’t support that.
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