# wiLLBe banking app
**URL:** https://forum.mustachianpost.com/t/willbe-banking-app/11126
**Category:** Banks, Insurances & Third Pillar
**Created:** [October 23, 2023, 8:47pm UTC](https://forum.mustachianpost.com/t/willbe-banking-app/11126 "2023-10-23T20:47:12Z")
**Posts on this page:** 20
**Page:** 5
### Author:  [@1742](https://forum.mustachianpost.com/u/1742)
#### Post date: [April 14, 2024, 4:15pm UTC](https://forum.mustachianpost.com/t/willbe-banking-app/11126/98 "2024-04-14T16:15:31Z")
They aren’t playing catch the customer here, they explicitly state on their website that the will continuously adapt the interest to reference interest rate changes (as everyone does).
They are offering reference rate less 20 bps (0.2%) for 50k, less 35 bps for 100k, and now have improved the offer up to now 150k with an average of 1.1% or 40 bps below reference rate. That is a comparatively very good offer.
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### Author:  [@elfoscur](https://forum.mustachianpost.com/u/elfoscur)
#### Post date: [April 21, 2024, 8:31pm UTC](https://forum.mustachianpost.com/t/willbe-banking-app/11126/99 "2024-04-21T20:31:52Z")
Hello, I’m going to transfer money from alpian to willbe. Could you please tell e me how to figure out the outgoing iban from alpian?
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### Author:  [@conquestador](https://forum.mustachianpost.com/u/conquestador)
#### Post date: [April 22, 2024, 6:03am UTC](https://forum.mustachianpost.com/t/willbe-banking-app/11126/100 "2024-04-22T06:03:43Z")
Sure thing, although I was struggling with that as well. Apparently the IBAN that you see and send to Alpian is the multi-currency IBAN and the outgoing dedicated IBAN is a separate one. I needed to chat with Alpian in their support chat to get this dedicated IBAN no. Maybe there is a way to find this IBAN in the app but I did not really check long time and just contacted the support chat which was relatively quickly. But I remember that it was hair pulling as I thought that the issue is on the wiLLBe site and complained there first 🫢
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### Author:  [@elfoscur](https://forum.mustachianpost.com/u/elfoscur)
#### Post date: [April 22, 2024, 8:35am UTC](https://forum.mustachianpost.com/t/willbe-banking-app/11126/101 "2024-04-22T08:35:30Z")
yep, Alpian chat service asked me if I had to transfer money in Liechtenstein and they gave me a slightly different IBAN. I have whitelisted that one in the willBe app and everything worked 🙂
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### Author:  [@Lulu](https://forum.mustachianpost.com/u/Lulu)
#### Post date: [April 24, 2024, 9:13pm UTC](https://forum.mustachianpost.com/t/willbe-banking-app/11126/102 "2024-04-24T21:13:46Z")
Hello,
I have opened a wiLLBe account, but I don’t know how to validate an account to deposit money.
I’ve added the IBAN of my NEON account, but my account is still pending.
Do I have to make a transfer from NEON to be validated?
Also, from NEON, do I need to make an international transfer? Neon doesn’t offer me CHF currency for international transfers.
Thanks
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### Author:  [@disaga87](https://forum.mustachianpost.com/u/disaga87)
#### Post date: [April 25, 2024, 8:36am UTC](https://forum.mustachianpost.com/t/willbe-banking-app/11126/103 "2024-04-25T08:36:23Z")
But you still need to declare them in Switzerland?
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### Author:  [@oswand](https://forum.mustachianpost.com/u/oswand)
#### Post date: [April 25, 2024, 8:57am UTC](https://forum.mustachianpost.com/t/willbe-banking-app/11126/104 "2024-04-25T08:57:28Z")
Just because you don’t have to pay the 35% WHT doesn’t mean it’s tax-free money. You must declare the full amount as income.
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### Author:  [@Guillaume\_GVA](https://forum.mustachianpost.com/u/Guillaume_GVA)
#### Post date: [April 25, 2024, 10:56am UTC](https://forum.mustachianpost.com/t/willbe-banking-app/11126/105 "2024-04-25T10:56:39Z")
> [@Lulu](#):
>
> have to make a transfer from NEON to be validated?
Yes, you do to activate the IBAN. Local/swiss transfer will work for Lichtenstein
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### Author:  [@neutralname](https://forum.mustachianpost.com/u/neutralname)
#### Post date: [May 14, 2024, 2:55pm UTC](https://forum.mustachianpost.com/t/willbe-banking-app/11126/106 "2024-05-14T14:55:45Z")
> [@San\_Francisco](#):
>
> Don’t!
>
> You‘re giving the reason yourself. The account holder is IBKR.
anyone have experience transfer CHF from wiLLBe to IBKR? 1. can you transfer directly without passing by a Swiss bank like UBS? 2. if you make the order before 5pm on day 1, would you receive the money on IBKR the next morning?
Thanks
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### Author:  [@neutralname](https://forum.mustachianpost.com/u/neutralname)
#### Post date: [May 14, 2024, 2:56pm UTC](https://forum.mustachianpost.com/t/willbe-banking-app/11126/107 "2024-05-14T14:56:06Z")
> [@Overview: Best CHF Rates (insured up to 100k)](https://forum.mustachianpost.com/t/overview-best-chf-rates-insured-up-to-100k/10517/1):
>
> wiLLBe
anyone have experience transfer CHF from wiLLBe to IBKR? 1. can you transfer directly without passing by a Swiss bank like UBS? 2. if you make the order before 5pm on day 1, would you receive the money on IBKR the next morning?
Thanks
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### Author:  [@neutralname](https://forum.mustachianpost.com/u/neutralname)
#### Post date: [May 14, 2024, 3:18pm UTC](https://forum.mustachianpost.com/t/willbe-banking-app/11126/109 "2024-05-14T15:18:56Z")
thanks for having shared your experiece
> [@oslasho](#):
>
> please don’t “spam” multiple threads with the same question, thx.
OK noted sir, didn’t know can’t ask the same questions in 2 relevant threads 😅
> [@oslasho](#):
>
> no, see @San_Francisco’s answer - gotta do it with 2 steps.
I believe he was talking about transferring money from IBKR to wiLLBe, while I am asking the other way, is it the same rule? 😅
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### Author:  [@neutralname](https://forum.mustachianpost.com/u/neutralname)
#### Post date: [May 14, 2024, 6:14pm UTC](https://forum.mustachianpost.com/t/willbe-banking-app/11126/111 "2024-05-14T18:14:53Z")
> [@oslasho](#):
>
> yep, as you can only transfer money to validated accounts (and validation requires that an incoming transfer had been made before).
sorry I don’t get it: I thought we can’t transfer from wiLLBe to IBKR directly because IBKR account is NOT with our own name. Do you mean wiLLBe account will not be under our own name? Yuh and UBS has IBAN with our own name on it. thanks
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### Author:  [@neutralname](https://forum.mustachianpost.com/u/neutralname)
#### Post date: [May 14, 2024, 8:40pm UTC](https://forum.mustachianpost.com/t/willbe-banking-app/11126/113 "2024-05-14T20:40:10Z")
> [@oslasho](#):
>
> willbe’s account _is_ in your name. but ibkr’s account isn’t, so cannot be used for transfers (validation is done by an incoming transfer [deposit]).
I already transferred money from Yuh to IBKR directly in the past, why can’t Willbe if it’s in my name? sorry still don’t get it
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### Author:  [@1742](https://forum.mustachianpost.com/u/1742)
#### Post date: [May 14, 2024, 10:01pm UTC](https://forum.mustachianpost.com/t/willbe-banking-app/11126/115 "2024-05-14T22:01:42Z")
wiLLBe offers a lean onboarding by doing only a limited know your customer (KYC) process, effectively outsourcing the full KYC to your brick and mortar bank or proper broker. But, that means they only will allow transfers to and from accounts in your name. Many neo banks and fintechs do the same nowadays.
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### Author:  [@San\_Francisco](https://forum.mustachianpost.com/u/San_Francisco)
#### Post date: [May 14, 2024, 10:13pm UTC](https://forum.mustachianpost.com/t/willbe-banking-app/11126/116 "2024-05-14T22:13:09Z")
> [@1742](#):
>
> wiLLBe offers a lean onboarding by doing only a limited know your customer (KYC) process, effectively outsourcing the full KYC to your brick and mortar bank or proper broker
True… though didn‘t Yuh do the same? 😉
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### Author:  [@1742](https://forum.mustachianpost.com/u/1742)
#### Post date: [May 15, 2024, 3:38am UTC](https://forum.mustachianpost.com/t/willbe-banking-app/11126/117 "2024-05-15T03:38:42Z")
I am not sure how Yuh does it. I was already a Swissquote customer so opening a Yuh account was automated and took less than a minute. From others I hear their onboarding is indeed quite light, but it also seems that this is only for the immediate account opening. Once you cross certain thresholds they need more information, and ultimately they seem to do the full KYC procedure including for example asking for your tax number and status per country (which is unavoidable as they offer a traditional retail banking). I think they just take a bit of risk to initially quickly grow the business, which seems to have worked well for them.
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### Author:  [@conquestador](https://forum.mustachianpost.com/u/conquestador)
#### Post date: [June 21, 2024, 6:56am UTC](https://forum.mustachianpost.com/t/willbe-banking-app/11126/119 "2024-06-21T06:56:08Z")
wiLLBe has just updated their rates based on the SNB decision:
| Totaleinlage | EUR | USD | CHF |
| --- | --- | --- | --- |
| bis 50’000 | 3.55% | 4.75% | 1.10% |
| bis 150’000 | 3.25% | 4.45% | 0.80% |
| ab 150’000 | 0.25% | 0.25% | 0.25% |
My Alpian account has not reacted yet but I assume it’s just a matter of time.
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### Author:  [@elf](https://forum.mustachianpost.com/u/elf)
#### Post date: [August 9, 2024, 12:23pm UTC](https://forum.mustachianpost.com/t/willbe-banking-app/11126/120 "2024-08-09T12:23:01Z")
I am considering using WiLLBe to temporarily park my CHF/EUR/USD cash, with the need of moving them out on investment need basis (IBRK). The matter was discussed above but I did not fully understand the answer: the impossibility of transferring funds from wiLLBe to IBRK is confirmed? Any experience on this?
And what about using Revolut as account? If I look at the account details for both CHF EUR and USD Revolut accounts, I see that I am the account holder.
Are there any fees in eventually moving in & out from Revolut (Premium)?
Any other idea on how to transfer especially EUR and USD?
Thanks a lot
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### Author:  [@1742](https://forum.mustachianpost.com/u/1742)
#### Post date: [December 16, 2024, 5:52am UTC](https://forum.mustachianpost.com/t/willbe-banking-app/11126/121 "2024-12-16T05:52:11Z")
I don’t know how to do a nice table like @conquestador did, but wiLLbe has updated their interest rates again after the rate cut by SNB (as expected). They now pay 0.35% for the first 50k, and 0.05% for the next 100k, equaling a blended rate of 0.20% for the insured 100k.
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### Author:  [@90sArcadeKid](https://forum.mustachianpost.com/u/90sArcadeKid)
#### Post date: [December 16, 2024, 8:09am UTC](https://forum.mustachianpost.com/t/willbe-banking-app/11126/122 "2024-12-16T08:09:15Z")
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