SHKB Private Account CHF

A cantonal bank account for just CHF 30 per year. Here's what that buys you.

The SHKB Private Account ranks #19 among Switzerland's 46 private accounts. Backed by the Cantonal Bank of Schaffhausen, it's a low-cost everyday account with cantonal state guarantee. If you want traditional banking security at near-free pricing, this is worth a look.

What Does CHF 30 Per Year Get You?

Account management is completely free. The only cost is the CHF 30 annual debit card fee, bringing your total to CHF 30 per year. That's well below the Swiss average of CHF 60-100 for a full private account with a debit card. Domestic payments are free, and SEPA transfers cost just CHF 0.30 each.

Cash withdrawals at SHKB's own ATMs are free, but third-party ATMs in Switzerland cost CHF 2 and abroad it's CHF 5. Non-SEPA international payments run CHF 4 each. For someone who mostly banks domestically and doesn't hit ATMs constantly, the annual cost is genuinely minimal.

What Actually Stands Out

The cantonal state guarantee is the real draw here. Unlike private banks or neobanks, the Cantonal Bank of Schaffhausen carries an explicit state guarantee from the Canton of Schaffhausen. That goes beyond the standard esisuisse deposit protection of CHF 100,000.

You get a Visa Debit card with mobile and online banking. Nothing flashy, but everything works. The Visa Debit is more widely accepted internationally than some regional banks' proprietary cards, which matters if you travel occasionally.

What Most Reviews Miss

Zero interest on your balance. Your money sitting in this account earns nothing. If you keep a large balance here, you're effectively paying an opportunity cost. Consider pairing it with a separate savings account for any funds you don't need immediately.

The account is restricted to individuals aged 25 and over. If you're younger, you'll need to look at their youth offerings instead. There's also no contactless payment listed, which might frustrate you at checkout counters where tap-to-pay has become the norm.

The Bottom Line

For CHF 30 a year, you get a solid cantonal bank account with state guarantee, Visa Debit, and free domestic payments. It's not glamorous, but it's dependable and cheap. See how it stacks up against the full field in our best private accounts in Switzerland comparison.

Verdict: Reliable, low-cost cantonal banking for Swiss residents who value security over bells and whistles.