This is what I intended to say. If you just have CHF and you want to purchase something abroad in EUR or USD, you will have this 1% majoration, right ? Or am I missunderstand something here ?
Well, UBS takes more than an additional 1% compared to whatever the actual currency exchange rate would be on top of the 1.75% in commission (they basically have a large spread). So, Revolut > UBS even on weekends but for the specific use case of exchanging on weekends there are better offers than Revolut.
I‘d recommend Neon or Transferwise, as per our previous discussion
I personally would not use Revolut, I heard too many bad things to trust them with my money. Neon is hardly more expensive and has other advantages. Transferwise is a bit more expensive, but again with other advantages.
Neon is making some money with fees, low and transparent ones. Don‘t know if that is going to be enough. ZAK does not need to make money, the idea is to upsell clients other services. Again, no idea if that will work. Doesn‘t work with me (I like them, however, more than Neon so far for the account itself. Neon‘s card is better though).
Transferwise is making a profit afaik.
Revolut is the odd one out. Their fees seem to be too low to be sustainable and their customer service and reliability are horrible from what I hear.
My firsthand experience with their customer service, on the other hand, was only positive.
I guess there will be many anecdotal evidence for both sides.
They don’t seem unsustainable to me, premium isn’t cheap and the free tiers have limits. There are lots of free prepaid credit card on the market and that doesn’t seem unsustainable either (revolut has just better marketing, an app, and some extra features like the favorable FX, but I don’t think it’s that expensive).
Let’s see. They are cheapest overall, so most under pressure to make it work with what little fees they get.
I am risk adverse and the negative feedback is bad enough for me not to risk my money with them. Use case would be bank transfers and credit card for non-Swiss transactions, a few thousand CHF per year. Too much to trust them with it. I am using Neon (full Swiss bank account, bank license and deposit insurance, barely more expensive) and Transferwise (still cheap, longer track record, profitable) instead.
By reading and partipating to this forum, you confirm you have read and agree with the disclaimer presented on http://www.mustachianpost.com/
En lisant et participant à ce forum, tu confirmes avoir lu et être d'accord avec l'avis de dégagement de responsabilité présenté sur http://www.mustachianpost.com/fr/
Durch das Lesen und die Teilnahme an diesem Forum bestätigst du, dass du den auf http://www.mustachianpost.com/de/ dargestellten Haftungsausschluss gelesen hast und damit einverstanden bist.