Our Take on Raiffeisen Private Account
Last place among 45 private accounts. CHF 108 per year, and your branch sets the actual price.
The Raiffeisen Private Account ranks #45 (last) among Switzerland's 45 private accounts. It's the standard non-member account from Raiffeisen Switzerland. Unlike the member account, you don't need to buy a cooperative share, but you also miss out on the member perks. The result: high fees with less upside.
Are the Fees Worth It?
Total annual cost: CHF 108 (CHF 60 for account management plus CHF 48 for the debit card). That's tied for the most expensive standard private account in our database. For the same price, the Raiffeisen member account includes dual debit cards and 12 free ATM withdrawals.
SEPA payments cost CHF 1 each, and non-SEPA international transfers are just CHF 3. Those international fees are competitive. Domestic payments are free. But the high base cost means you're starting from a deficit that the lower transaction fees struggle to offset.
What Actually Stands Out
Both Debit Mastercard and Visa Debit are available, even on the non-member account. That's a practical advantage for travelers who want network flexibility. The account also supports EUR, useful for cross-border payments.
Raiffeisen operates Switzerland's densest branch and ATM network, especially in rural areas. If you live outside major cities, Raiffeisen might be the most accessible bank available. Cash withdrawals at Raiffeisen ATMs are free, with other Swiss ATMs costing CHF 2. Abroad, CHF 4.50.
What Most Reviews Miss
Costs and conditions may vary depending on your Raiffeisen branch. This is the critical caveat. The CHF 108 figure is the standard rate, but each cooperative sets its own pricing. You might pay more or less depending on where you live. Always confirm locally.
The age minimum is 26. No contactless payments on the debit card. The big question is why you'd pick this over the member account, which costs the same but includes better ATM perks. Unless you specifically want to avoid buying a cooperative share, the member version is the better deal.
The Bottom Line
Ranked last for good reason: high fees, no unique features, and branch-dependent pricing. If you're set on Raiffeisen, the member account at the same price offers more value. If you're not set on Raiffeisen, you have 44 better-ranked options. Start with our best private accounts in Switzerland ranking to find what actually fits.
Verdict: Skip this. The Raiffeisen member account or a different bank entirely is the smarter choice.
Pros
- No minimum deposit required
- Modern mobile and online banking
Cons
- Annual management fee (CHF 60)
- Annual debit card fee of CHF 48
- SEPA payment fee of CHF 1
- No contactless payment
- Age restriction: For individuals from the age of 26.
Account Details
At a Glance
Account Mgmt
CHF 60/year
Interest Rate
0.00%
Debit Card Fee
CHF 48/year
Currency
CHF
Fees & Costs
Fees & Costs
Account Opening Fee
No fee
Account Mgmt
CHF 60/year
Debit Card Fee
CHF 48/year
Cash Withdrawal (Switzerland)
Own ATMs free, others CHF 2.0
Cash Withdrawal (Abroad)
CHF 4.5
Outgoing Payment (CH)
No fee
SEPA Payment
CHF 1
Non-SEPA Payment Abroad
CHF 3
Banking Features
Banking Features
Mobile Banking
Available
Online Banking
Available
Debit Card Options
Key Features
- Mobile banking available
- Online banking available
- Debit Mastercard included
- Debit Visa included
- Free cash withdrawals in Switzerland
- Low minimum deposit requirement
Age Requirement
From age 26
Withdrawal Terms
Withdrawal Terms
Account Closure
Free of charge
Calculate Your Annual Cost
Annual Cost Breakdown
You Pay Per Year
CHF 108
Rating by Category
Compare to Similar Accounts
Frequently Asked Questions
- How does this differ from the Private Member Account?
- Same CHF 60 management and CHF 48 card fee, but no share certificate required. The Member version mandates a CHF 200 cooperative share; the standard skips it. Pick the standard if you don't want capital tied up in a Raiffeisen share, even though the member share earns its own dividend.
- Can I run this account in EUR?
- Yes, account management is also possible in EUR. Handy for cross-border workers or anyone with regular euro income. Pricing matches the CHF variant, so you don't pay twice for dual-currency banking.
- Why do conditions vary between Raiffeisen branches?
- Every Raiffeisen branch is its own cooperative, so fees, rates, and conditions can differ across cantons. Always check the price sheet at the specific branch you're opening with. National headline rates are reference points, not guarantees.
How We Rated This Account
Wondering why Raiffeisen Private Account got its score? We rate Checking (Everyday) Accounts accounts using a weighted formula. Here's what counts.
Same formula for every account in this category. No exceptions.
Ready to Open?
Open the Raiffeisen Private Account today and start enjoying its benefits.