Our Take on Yuh Private Account
13 currencies, zero fees, and a CHF 100,000 Swiss deposit guarantee. All from your phone.
The Yuh Private Account ranks #5 among Switzerland's 45 private accounts. Backed by Swissquote, it's a smartphone-only account that combines everyday banking with multi-currency capabilities in one app. If you're comfortable managing everything from your phone, this is one of the most feature-packed free options available.
What Does Free Actually Mean?
No account management fee, no debit card fee, and zero surcharges on card payments abroad. That last point is rare. Most Swiss banks charge 1.5-2.5% on foreign purchases. If you spend CHF 3,000 abroad annually, you're saving CHF 45-75 compared to a typical bank.
Free domestic payments and SEPA transfers are included. ATM withdrawals are where costs appear: one free per month in Switzerland, then CHF 1.90 each. Abroad, every withdrawal costs CHF 4.90. Non-SEPA international transfers run CHF 4. Keep your cash usage low and this account costs nothing.
What Actually Stands Out
The multi-currency account with 13 currencies is the standout feature. CHF, EUR, USD, GBP, and 9 more. Hold, receive, and convert between them without needing separate accounts. Few traditional Swiss banks offer this level of currency flexibility.
Swissquote acts as the banking partner, which means your deposits are covered by Swiss deposit insurance up to CHF 100,000. You also get integrated trading, Apple Pay, Google Pay, Samsung Pay, and Swatch Pay. The contactless Debit Mastercard rounds out a genuinely modern package.
What Most Reviews Miss
Paper statements don't exist. Everything is digital only. If you need physical documents for tax filing or mortgage applications, you'll have to export and print PDFs yourself. There's simply no workaround for this.
The 0% interest rate on savings means your money doesn't grow here. Use Yuh for spending and transfers, not for parking savings. Also, the account is only available to residents of Switzerland, Germany, Italy, France (with restrictions), Austria, and Liechtenstein. If your residency situation changes, that could become complicated.
The Bottom Line
For digitally comfortable Swiss residents who spend internationally and want multi-currency flexibility, Yuh delivers genuine value at zero cost. It's not a replacement for a full-service bank if you need cash frequently or want in-person support. See the full picture in our best private accounts in Switzerland comparison.
Verdict: Excellent free account for digital-first international spenders. Keep a traditional bank for cash-heavy needs.
Pros
- No annual fees
- No minimum deposit required
- Modern mobile and online banking
- Free SEPA payments
- Contactless payment enabled
Cons
- Age restriction: For individuals from the age of 18.
Account Details
At a Glance
Account Mgmt
No fee
Interest Rate
0.00%
Debit Card Fee
No fee
Currency
CHF
Fees & Costs
Fees & Costs
Account Opening Fee
No fee
Account Mgmt
No fee
Debit Card Fee
No fee
Cash Withdrawal (Switzerland)
1 free, then CHF 1.9
Cash Withdrawal (Abroad)
CHF 4.9
Outgoing Payment (CH)
No fee
SEPA Payment
No fee
Non-SEPA Payment Abroad
CHF 4
Banking Features
Banking Features
Mobile Banking
Available
Online Banking
Available
Debit Card Options
Key Features
- Free account management
- No annual fee for debit card
- Mobile banking available
- Online banking available
- Debit Mastercard included
- Contactless payment enabled
- Free cash withdrawals in Switzerland
- Low minimum deposit requirement
Age Requirement
From age 18
Withdrawal Terms
Withdrawal Terms
Account Closure
Free of charge
Additional Information
Additional Information
- Multi-currency account (13 currencies)
- Managed via smartphone app
- Only for Swiss residents
- Online statements only (no paper)
Calculate Your Annual Cost
Annual Cost Breakdown
You Pay Per Year
Free
Rating by Category
Compare to Similar Accounts
Frequently Asked Questions
- Can I open Yuh if I live outside Switzerland?
- Yes, residents of Switzerland, Germany, Italy, Austria and Liechtenstein can open Yuh, plus France with some restrictions. That's broader than most Swiss neobanks, which are CH-only. If you're a Swiss expat in one of those neighbours, Yuh works without you needing a CH residence.
- How does the Yuh multi-currency account work?
- You can hold balances in 13 currencies, including CHF, USD, EUR, GBP, JPY, AUD and SGD. Card payments in those currencies are free, foreign exchange between them runs at 0% surcharge with the Mastercard interbank rate. For currencies outside the 13 you pay Mastercard rate plus 1.5%, and ATM withdrawals abroad still cost CHF 4.90.
- Are Yuh card payments abroad really free?
- Yes for online and in-store purchases in any of the 13 supported currencies, no surcharge on top of the Mastercard interbank rate. Cash is the gotcha: each ATM withdrawal abroad still costs CHF 4.90. Travel with the card for spending and use a credit card or local cash plan for ATM trips.
- What does the YUHMONEYLAND code do?
- You enter it when opening the account and Yuh credits CHF 20 of free trading commission, valid 3 months. It's not card cashback, you can only use it on stocks, ETFs or crypto trades inside Yuh. If you don't trade, it expires unused.
How We Rated This Account
Wondering why Yuh 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 Yuh Private Account today and start enjoying its benefits.