Postfinance and Swissquote launch a new app called Yuh

[Dr.PI]

@Giff

Recently it happened that the recipient of a EUR transfer told me they had not received all the money I sent. I actually never asked any of the other times I have transferred EUR from PF, so it might be common that the receiver pays a fee, I guess it depends on the receiving bank.

FWIW, sending the money from DKB to the same recipient was free.

Noted!
(being laconic is not allowed on this forum)

[Dr.PI]

@bsaurabh

Of course, with SQ I have access to the Lombard loan which could be interesting too.

When I read conditions for a lombard loan at SQ, they clearly stated that it can be used only to buy securities, so it is not a replacement for an emergency fund, unlike a loan from IB.

[xorfish]

It is still possible, just more cumbersome and expensive.

1.Sell securities
2.Withdraw money
3. Buy the securities back on margin.

[Yanikuza]

Here another review of Yuh from Moneyland: Yuh: l’application bancaire de Swissquote et PostFinance - moneyland.ch

As discussed in this thread, Yuh seems to be a good solution for people who want to start they journey in a trading platform with low amount, however, Yuh will stay expensive in comparison of DeGiro or IB.

[PriorBall]

Review by The Poor Swiss

Yuh Review 2021: A New Mobile Banking Service - The Poor Swiss

[San_Francisco]

Yuh have added a bunch of new Equity ETFs to their offering just a couple of days ago, including a CHF-hedged “Global Blue Chips” ETF (IWDC) and Irish-domiciled U.S.-sector ETFs (XLFS, SXLV, XLBS and SXLK).

But…

I’m very sure there’s at least on US-domiciled newcomer: ILF.

[Dr.PI]

Yuh implemented recurring purchases. Monthly or weekly cycle. A premier among Swiss retail brokers I guess.

Still, with 0.5% own fee (min 1 CHF) + Swiss stamp duty + currency exchange eventually seems too expensive to me. On the other hand, if you buy in CHF (for example CHSPI) or in preexchanged EUR, it is less than 1% issuing commission typically charged by banks for their shitty investment funds.

[yetanothername]

They’ve also implemented Google Pay.

[neutralname]

I just find an interesting feature on Yuh and seems nobody has mentioned it on the Internet yet
you can exchange your currency at a target rate, sort of like a limit order for Forex exchange,

if I am correct, we can’t even do this with IBKR

However, I just tried twice to place a limit order and they tell me the platform has an error so I haven’t managed to put my orders. Then I tried with market order and it worked…

[FunnyDjo]

On Revolut, you can create a price alert when an exchange rate reach a specific target.

You can even configure a limit order and a stop order to exchange your fund in a specific currency at a specific rate.

[neutralname]

@FunnyDjo

On Revolut, you can create a price alert when an exchange rate reach a specific target.

You can even configure a limit order and a stop order to exchange your fund in a specific currency at a specific rate.

Thanks, good to know!

@CHRad

I am not sure if I understood this correctly, but at IBKR you can literally just do a FX trade. “Covert currency” simply does a market order at the given time

you said it yourself market order, I was talking about limit order , I don’t know how to place FX conversion limit order with IBKR

[neutralname]

thanks for sharing the knowledge!

[Barto]

@neutralname

you can exchange your currency at a target rate, sort of like a limit order for Forex exchange,

if I am correct, we can’t even do this with IBKR

You can set limit orders to exchange currency in IBKR too

[Dr.PI]

And they seem to have implemented standing orders for bank transfers.

[neutralname]

if you mean limit order on Yuh, I confirm. I used it recently

[ma0]

Anyone heard when the new Plans will be available? They said 2022 but I didn’t find anything anywhere.

[Dr.PI]

Now they promise 0.25% p.a. interest on CHF and EUR cash balance up to 25k (not clear, all together or each currency separately).

[thepoorswiss]

@ma0

Anyone heard when the new Plans will be available? They said 2022 but I didn’t find anything anywhere.

They told me Yuh will stay free at least in 2022 and 2023, but I don’t know what will happen after that.

[flos]

Separately, according to the press release. USD rate will be 0.5%