Yuh neobank [2024]

This is why I use Yuh in addition to Neon. Their Twint works perfectly and the 1% on the private account is a nice plus. I only use Neon for FX.

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Same here but with Radicant instead of neon. I wonder how much money Yuh actually makes with their exchange fee. Is anybody using them for payments abroad? I don‘t think their target audience is oblivious to FX Fees. I wonder if they would earn more with card kickback and scratching those fees.

I wonder how much money Yuh actually makes with their exchange fee. Is anybody using them for payments abroad?

They have multi-currency accounts, so I wouldn’t be surprised if quite a few people made the exchange directly in Yuh instead of moving the money elsewhere, doing the exchange and moving it back.

Hi,
I’m wondering, I have a Yuh account and Revolut, are you saying it’s possible to send USD to Yuh from Revolut without any fees? I wanted to try and Revolut wants SWIFT and with shared fees it costs around 5CHF.
So I’m curious how you do it…
Thanks in advance
Regards

are you saying it’s possible to send USD to Yuh from Revolut without any fees

I have no idea about this specific case. With USD you’re probably limited to SWIFT, so it might not be possible to avoid this transfer fee. But if the amount is big enough, you’ll save a lot more even with this flat fee than by doing the conversion directly in Yuh.

With EUR, you’re probably able to avoid this fee (if not with Revolut, maybe with someone else).

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Ah ok,
I have VT on Yuh but then I stopped investing there because of fees (you know, beginner mistakes) but if I would find a way to avoid those 0.95% I would start again, shame.
But thanks for answering.

Did I miss something?

You could buy it a while back, now only those who already have it in their portfolio may buy more.

But IIRC it’s not that big of a loss, as you don’t get WHT back or something.

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Definitely.

Yes. Yuh was offering VT from the beginning until like 1 year ago.

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Maybe but I would like USD not EUR :wink:

I really only use it for holding money in different currencies and make international payments. Just used them for a EUR SEPA transfer to Germany which worked fine without fees. USD will be 4 CHF. See below.

Bank transfer in Switzerland and Liechtenstein in 13 currencies: Free
SEPA transfer in Europe in EUR: Free
SEPA transfer in Europe in other currencies:4 CHF
No hidden fees and clear pricing | Yuh Swiss Finance App

Wrong wording.
SEPA transfers are in EUR only.

They can of course still apply the same differentiation by country for pricing purposes and call it “transfers to SEPA member countries in other currencies” or something. The destination country being a SEPA member state will still make it easier for them to support payments to (for compliance technical reasons (e.g. they must have IBAN beneficiary account numbers).

Very good point. Their wording is misleading. But the positive point is that SEPA transfers in Europe are free.

I’m wondering, I have a Yuh account and Revolut, are you saying it’s possible to send USD to Yuh from Revolut without any fees? I wanted to try and Revolut wants SWIFT and with shared fees it costs around 5CHF.

I actually done for 1000 usd and Revolut charges me around 4 usd. Even with the fees is still cheaper than exchanging on Yuh directly. And good thing is that the money arrived in like 20 min.