# Radicant - a new neo-bank & wealth management app **URL:** \ **Category:** Investing / Brokers\ **Created:** [August 22, 2023, 7:50am UTC](https://forum.mustachianpost.com/t/radicant-a-new-neo-bank-wealth-management-app/10779 "2023-08-22T07:50:54Z")\ **Posts on this page:** 20\ **Page:** 2
**Author:** ![KK1](https://forum.mustachianpost.com/user_avatar/forum.mustachianpost.com/kk1/32/12596_2.png) [@KK1](https://forum.mustachianpost.com/u/KK1)\ **Post date:** [February 1, 2024, 11:37pm UTC](https://forum.mustachianpost.com/t/radicant-a-new-neo-bank-wealth-management-app/10779/27 "2024-02-01T23:37:19Z")
damn not able to open an account if you are UK citizen, no issue with the other app banks ---
**Author:** ![San\_Francisco](https://forum.mustachianpost.com/letter_avatar_proxy/v4/letter/s/ea5d25/32.png) [@San\_Francisco](https://forum.mustachianpost.com/u/San_Francisco)\ **Post date:** [February 2, 2024, 2:47pm UTC](https://forum.mustachianpost.com/t/radicant-a-new-neo-bank-wealth-management-app/10779/29 "2024-02-02T14:47:06Z")
> [@Compounding](#): > > But seriously, if you’ve got a CH-permit, I don’t see on what grounds they could refuse If a bank can refuse U.S. citizens, why shouldn’t they be able to refuse U.K. citizens? ---
**Author:** ![rolandinho](https://forum.mustachianpost.com/user_avatar/forum.mustachianpost.com/rolandinho/32/423_2.png) [@rolandinho](https://forum.mustachianpost.com/u/rolandinho)\ **Post date:** [March 27, 2024, 10:22am UTC](https://forum.mustachianpost.com/t/radicant-a-new-neo-bank-wealth-management-app/10779/31 "2024-03-27T10:22:42Z")
Radicant follows wiLLBe’s reduction of the interest paid on cash deposits. "Due to the recent interest rate cut by the Swiss National Bank (SNB), you will now get up to 1.25% interest on your everyday account. 1.25% for balance of up to CHF 250,000 1% for balance higher than CHF 250,000" ---
**Author:** ![Guillaume\_GVA](https://forum.mustachianpost.com/letter_avatar_proxy/v4/letter/g/258eb7/32.png) [@Guillaume\_GVA](https://forum.mustachianpost.com/u/Guillaume_GVA)\ **Post date:** [April 3, 2024, 6:46pm UTC](https://forum.mustachianpost.com/t/radicant-a-new-neo-bank-wealth-management-app/10779/32 "2024-04-03T18:46:13Z")
Interesting article [https://insideparadeplatz.ch/2024/03/26/radicant-loch-frisst-ein-fuenftel-des-baselland-kb-gewinns/](https://insideparadeplatz.ch/2024/03/26/radicant-loch-frisst-ein-fuenftel-des-baselland-kb-gewinns/) ---
**Author:** ![xerox5003](https://forum.mustachianpost.com/user_avatar/forum.mustachianpost.com/xerox5003/32/12385_2.png) [@xerox5003](https://forum.mustachianpost.com/u/xerox5003)\ **Post date:** [April 4, 2024, 6:53am UTC](https://forum.mustachianpost.com/t/radicant-a-new-neo-bank-wealth-management-app/10779/33 "2024-04-04T06:53:56Z")
Here the most recent article: [Radicant baut jede 5. Stelle ab – Inside Paradeplatz](https://insideparadeplatz.ch/2024/04/04/radicant-baut-jede-5-stelle-ab/) ---
**Author:** ![0xLambda](https://forum.mustachianpost.com/user_avatar/forum.mustachianpost.com/0xlambda/32/9735_2.png) [@0xLambda](https://forum.mustachianpost.com/u/0xLambda)\ **Post date:** [April 23, 2024, 2:07pm UTC](https://forum.mustachianpost.com/t/radicant-a-new-neo-bank-wealth-management-app/10779/34 "2024-04-23T14:07:44Z")
Just got an e-mail that they dropped the fx fees for their debit card to 0%, they also compare the rates here: [Comparative analysis of foreign exchange rates with Swiss debit cards | radicant bank ag](https://www.radicant.com/blog/knowledge-hub/comparative-analysis-of-foreign-exchange-rates-with-swiss-debit-and-credit-cards/) This makes it very interesting as a main banking app (was already using it for that, except when travelling where I used neon / Revolut). Just wondering if / how they will survive long term, only cash generating product seems to be their funds where they would probably need \>1B AUM to break even, this seems very unrealistic to me. ---
**Author:** ![Dr.PI](https://forum.mustachianpost.com/user_avatar/forum.mustachianpost.com/dr.pi/32/5299_2.png) [@Dr.PI](https://forum.mustachianpost.com/u/Dr.PI)\ **Post date:** [April 23, 2024, 2:12pm UTC](https://forum.mustachianpost.com/t/radicant-a-new-neo-bank-wealth-management-app/10779/35 "2024-04-23T14:12:58Z")
Well, they seem to also arbitrage between retail rates that they pay and central bank rates, as they deposit assets with SNB. No idea how much can it bring… ---
**Author:** ![xerox5003](https://forum.mustachianpost.com/user_avatar/forum.mustachianpost.com/xerox5003/32/12385_2.png) [@xerox5003](https://forum.mustachianpost.com/u/xerox5003)\ **Post date:** [April 23, 2024, 3:33pm UTC](https://forum.mustachianpost.com/t/radicant-a-new-neo-bank-wealth-management-app/10779/36 "2024-04-23T15:33:51Z")
> “We selected these banks for one of these two reasons: banks with high market share in Switzerland or banks claiming to have low foreign exchange fees.” Would be interesting to see, how Alpian performed. But how the heck are they generating income? I personally will not change from neon to radicant; the differences are too low and radicant is too new/neon to far with their offering. Wondering, how long BLKB is financing them… Edit: the reviews on Glassdoor are quite positive. ---
**Author:** ![nabalzbhf](https://forum.mustachianpost.com/user_avatar/forum.mustachianpost.com/nabalzbhf/32/3277_2.png) [@nabalzbhf](https://forum.mustachianpost.com/u/nabalzbhf)\ **Post date:** [April 23, 2024, 8:24pm UTC](https://forum.mustachianpost.com/t/radicant-a-new-neo-bank-wealth-management-app/10779/37 "2024-04-23T20:24:19Z")
> [@Dr.PI](#): > > as they deposit assets with SNB. No idea how much can it bring… The delta is 0.25%, not a lot of margin… (and that’s assuming they actually get 1.5% from the SNB, if you’re above some threshold you only get 1%, since they don’t want banks to simply park cash) ---
**Author:** ![Fizzy](https://forum.mustachianpost.com/letter_avatar_proxy/v4/letter/f/e99b99/32.png) [@Fizzy](https://forum.mustachianpost.com/u/Fizzy)\ **Post date:** [April 24, 2024, 6:18am UTC](https://forum.mustachianpost.com/t/radicant-a-new-neo-bank-wealth-management-app/10779/38 "2024-04-24T06:18:44Z")
I am curious how the rates compare to the international competitors like Revolut or Wise. ---
**Author:** ![wapiti](https://forum.mustachianpost.com/user_avatar/forum.mustachianpost.com/wapiti/32/4451_2.png) [@wapiti](https://forum.mustachianpost.com/u/wapiti)\ **Post date:** [April 24, 2024, 6:55am UTC](https://forum.mustachianpost.com/t/radicant-a-new-neo-bank-wealth-management-app/10779/39 "2024-04-24T06:55:50Z")
It’s quite impossible for a neo bank which so low fees to make money unless selling other products like insurance, funds. Neon raises capital trough their customers, because they don’t make money. Revolut started to make some money recently after years in the market and a big customer base. ---
**Author:** ![nabalzbhf](https://forum.mustachianpost.com/user_avatar/forum.mustachianpost.com/nabalzbhf/32/3277_2.png) [@nabalzbhf](https://forum.mustachianpost.com/u/nabalzbhf)\ **Post date:** [April 24, 2024, 7:52am UTC](https://forum.mustachianpost.com/t/radicant-a-new-neo-bank-wealth-management-app/10779/40 "2024-04-24T07:52:23Z")
They claim to use actual interbanking rate, so as good or better than revolut. Definitely better than wise (iirc wise has 0.2%?) The link above has numbers with example transaction. To be fair it’s very tempting. ---
**Author:** ![ma0](https://forum.mustachianpost.com/user_avatar/forum.mustachianpost.com/ma0/32/3259_2.png) [@ma0](https://forum.mustachianpost.com/u/ma0)\ **Post date:** [April 24, 2024, 7:59am UTC](https://forum.mustachianpost.com/t/radicant-a-new-neo-bank-wealth-management-app/10779/41 "2024-04-24T07:59:30Z")
I think Wise/Neon should have a better rate than Revolut, at least if you exchange money before spending it (very typical for people that spend EUR during the weekend). I’m not sure anymore. Shall we test the cards every single week? 😕 ---
**Author:** ![nabalzbhf](https://forum.mustachianpost.com/user_avatar/forum.mustachianpost.com/nabalzbhf/32/3277_2.png) [@nabalzbhf](https://forum.mustachianpost.com/u/nabalzbhf)\ **Post date:** [April 24, 2024, 8:15am UTC](https://forum.mustachianpost.com/t/radicant-a-new-neo-bank-wealth-management-app/10779/42 "2024-04-24T08:15:13Z")
Doesn’t wise always apply a (small) markup while revolut is ~market rate during the week? (Just checked and seems to be the case) Though yes weekend might be in favor of wise possibly. (I also wonder which rate is applied by radiant for weekends) ---
**Author:** ![ma0](https://forum.mustachianpost.com/user_avatar/forum.mustachianpost.com/ma0/32/3259_2.png) [@ma0](https://forum.mustachianpost.com/u/ma0)\ **Post date:** [April 24, 2024, 8:44am UTC](https://forum.mustachianpost.com/t/radicant-a-new-neo-bank-wealth-management-app/10779/43 "2024-04-24T08:44:53Z")
I can’t find the post, but someone said that Revolut has now a markup and to get the market rate you need to “force it” edit: [All about Revolut [2022] - #112 by San\_Francisco](https://forum.mustachianpost.com/t/all-about-revolut-2022/9287/112) around this post ---
**Author:** ![nabalzbhf](https://forum.mustachianpost.com/user_avatar/forum.mustachianpost.com/nabalzbhf/32/3277_2.png) [@nabalzbhf](https://forum.mustachianpost.com/u/nabalzbhf)\ **Post date:** [April 24, 2024, 10:20am UTC](https://forum.mustachianpost.com/t/radicant-a-new-neo-bank-wealth-management-app/10779/44 "2024-04-24T10:20:06Z")
Yeah looks like wise is 0.4% fees: [Wise Card Fees: Spend Anywhere in the World](https://wise.com/gb/pricing/card-fees?sourceAmount=1000&sourceCcy=CHF&targetCcy=EUR) Revolut is typically much smaller. ---
**Author:** ![ma0](https://forum.mustachianpost.com/user_avatar/forum.mustachianpost.com/ma0/32/3259_2.png) [@ma0](https://forum.mustachianpost.com/u/ma0)\ **Post date:** [April 24, 2024, 10:27am UTC](https://forum.mustachianpost.com/t/radicant-a-new-neo-bank-wealth-management-app/10779/45 "2024-04-24T10:27:36Z")
[https://thepoorswiss.com/neon-vs-revolut/#8-example-of-exchange-fees](https://thepoorswiss.com/neon-vs-revolut/#8-example-of-exchange-fees) we are going offtopic though ---
**Author:** ![dbu](https://forum.mustachianpost.com/user_avatar/forum.mustachianpost.com/dbu/32/1552_2.png) [@dbu](https://forum.mustachianpost.com/u/dbu)\ **Post date:** [April 24, 2024, 10:28am UTC](https://forum.mustachianpost.com/t/radicant-a-new-neo-bank-wealth-management-app/10779/46 "2024-04-24T10:28:53Z")
> [@nabalzbhf](#): > > Doesn’t wise always apply a (small) markup while revolut is ~market rate during the week? They turn to be pretty much the same in the end - in my recent example chf-eur exchange. Revolut had - lower fees but - worse exchange rate/spread Wise had - higher fees but - better exchange rate/spread The total difference on 1000 chf was \<1eur. ---
**Author:** ![Dr.PI](https://forum.mustachianpost.com/user_avatar/forum.mustachianpost.com/dr.pi/32/5299_2.png) [@Dr.PI](https://forum.mustachianpost.com/u/Dr.PI)\ **Post date:** [May 14, 2024, 11:17am UTC](https://forum.mustachianpost.com/t/radicant-a-new-neo-bank-wealth-management-app/10779/47 "2024-05-14T11:17:27Z")
> Benefit from 0% fees when paying with the radicant debit card in a currency other than Swiss Francs (CHF). No Visa markup fees, no transaction fees, nothing! When you pay with your radicant card, we apply the current market rate – plain and simple. Has anyone looked closer how true is it? ---
**Author:** ![ma0](https://forum.mustachianpost.com/user_avatar/forum.mustachianpost.com/ma0/32/3259_2.png) [@ma0](https://forum.mustachianpost.com/u/ma0)\ **Post date:** [May 15, 2024, 1:34pm UTC](https://forum.mustachianpost.com/t/radicant-a-new-neo-bank-wealth-management-app/10779/48 "2024-05-15T13:34:38Z")
> **[Comparative analysis of foreign exchange rates with Swiss debit cards - radicant](https://www.radicant.com/en/blog-post/comparative-analysis-of-foreign-exchange-rates-with-swiss-debit-cards)** > > By conducting this comparison, we aim to show the benefits of using the radicant debit card while paying in foreign currencies, as it is the cheapest option available in Switzerland. [Previous page](https://forum.mustachianpost.com/t/radicant-a-new-neo-bank-wealth-management-app/10779.md?page=1) [Next page](https://forum.mustachianpost.com/t/radicant-a-new-neo-bank-wealth-management-app/10779.md?page=3)