Well i guess i need to change again ma bank for vacation, maybe i’ll go with revolut at least there is no risk of closing anytime soon
Neon seems to not do so great either and Yuh is good for national paiement and account.
In contrary to WIR, Yuh and neon there are multiple account closings reported on reddit. Watch out for that.
The article is quite condescending I think. Not all startups win. It seems in Switzerland State banks are not allowed to experiment
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It’s all your fault! Why everyone wanted to have cheap currency exchange, but nobody wanted to go for their investment solution? (hmm, I don’t even know the details of what they were offering 
)
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I was wondering who was going to buy radicant with that client base.
Kaspar& was also sold recently to Liberty Stiftung. My next guess is that Alpian will stop their service within five years.
But with the fall of radicant, sad news for all of us.
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No, they are not! Not with taxpayer money, as most Cantonal banks are equipped with a State guarantee. And not to the tune of CHF 200 mio. There is also political oversight in order to protect tax players interests. Many things must have gone wrong here.
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No, they are not. We already had 2 banks that liked to experiment and needed to be saved with, let’s say, federal government support. Fortunately, now there is only one left .
Do you know that cantonal banks are not even supposed to operate outside of their canton?
BLKB is a custodian bank of True Wealth - now, that’s a business! You collect fees and the business risk is carried by someone else.
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Apologize for not getting it, may you rephrase?
Which ones are closing or not closing accounts? “contrary to WIR, yuh and neon are closing accounts” ? Or “contrary to WIR yuh and neon, there (at radicant?) are accounts closing?”
Also what do WIR neon and yuh have to do with radicant closing? (Well yuh and neon maybe because of neo (non-)bank and we can discuss their fate, but WIR?)?
Whenever I read about this, it turns out in the comments section that the accounts were being used for sole proprietorships. Which is not permitted according to the terms and conditions.
So do you think we are in rush to move out our money or? I read in the article it will take time..
And what about the travel insurance, still available even if Radicant is down?
Thx for your lights.
The email from radicant
Update from radicant
| Hello ! |
|---|
BLKB has decided to step back as our shareholder. We are now exploring different options for the future servicing of our clients.
For you, nothing changes: your account and our services remain available as usual. The deposits of client funds are secured at all times. We’ll of course keep you informed as things progress.
You can find more information here.
Best regards,
Your radicant team
https://www.radicant.com/en/qa-november-2025
In the FAQ 
How long will the process of discontinuing banking operations take?
An orderly wind-down usually takes between 24 and 36 months. However, the duration may deviate significantly from this timeframe due to the complexity of the process.
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They are probably using the wind-down of Credit Suisse as a reference, it’s been about 2.5y now, and seems to be nearing completion. Seems legit.
Edit: they were operational since mid 2023, wind-down may take longer than the “time they were in business” - ouch.
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In the same boat, I just need a bank for the few random USD payments I have.
Maybe I should just stick with ZKB and accept the odd fee considering the usual good FX rate applied by ZKB … would have cost me the massive amount of 6.80 in two years
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What does it mean? Because I have a payment sent this morning that has still not been received..
Edit: The money arrived now. It just took more time than usually but ok.
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What’s wrong with Wise/Revolut for those?
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I was studying their site just yesterday.. pity. I wanted to use it as a backup account and also to pay for holidays (the insurances they offer are top) and was ready to experiment with their investing solutions even with they high TER.
Now I’m back to square one apparently. 
Well, nothing, just having to manage one more set of accounts. Each with its own compromises: Wise with an OK fee of 0.35% for conversion, but actually good interest on EUR/USD while fully flexible / Revolut with no conversion fee except weekends with 1%.
Ultimately, I am asking myself, do I want to manage another set of accounts for just around 10 CHF
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I was a bit afraid I had procrastinated too much, but I managed to move all my money without issues after the announcement.
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Very sad to see them go. I didn’t like much the app, but the insurances and the free FX cost was a huge plus.
I don’t understand if I should enjoy them until they force me to withdraw my money there (a few Ks) or it’s better to withdraw everything ASAP and move on.
Imagine that’s you in a hospital that’s about to go bankrupt and close its doors while your life is in danger, you have the choice to move into another hospital. What would you do?
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