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Skip to content | Alpian | Wise | Yuh | Swissquote | Revolute | |
|---|---|---|---|---|---|
 |  |  |  |  | |
| ๐ฐAccount management fees | Free of charge | Free of charge | Free of charge | Free of charge (account "light") | Free of charge (standard account) |
| ๐ฆ Exchange fees | 0.2% (weekdays), 0.5% (weekends) | max. 0.23% (CHF --> EUR) max. 0.43% (EUR --> CHF) | 0.95% | 0.95% | 1,15% with charging |
| โ๏ธ Multi-currency account | Yes, 4 currencies | Yes, 50+ currencies | Yes, 12 currencies | Yes, more than 10 currencies | Yes, 150+ currencies |
| ๐ก Special features | Digital private bank, low exchange fees | Very low exchange fees, ideal for international transfers | Integrated multi-currency account, pillar 3a account and investment account | Crypto payments, cashback and much more | Prepaid debit card, no exchange fees up to EUR 1,000/month |
| Bonus received! | Bonus received! | Bonus received! | Bonus received! | Bonus received! |
Notice: No guarantee of up-to-dateness. You can find more providers for foreign currency accounts below in the article.
Are you considering opening a euro account in Switzerland? Especially if you often go shopping or on holiday in other European countries, you probably need a euro account. Regularly Euro. European shares are also often only offered in EUR.
If you always have to exchange your money first, it can be expensive. Exchange fees be connected. It is also tedious and time-consuming.
But is it worth a Euro account in Switzerland? And if so, what are the best options? You'll find out in this article.
A euro account can make sense in Switzerland if you regularly need euros. This is especially true if you not only have to pay in euros frequently, but also Payments in this currency are received.
Under certain circumstances, such an account can be used in addition to a Cross-border commuter account or if you work as a self-employed person with companies in the EU, for example. Such an account can also be a good option for share trading in other European countries.
The biggest advantage of a euro account in Switzerland is that you do not have to pay any exchange fees when paying and for incoming payments in euros. However, you should be aware that fees will still be charged if you pay money into the account in CHF.
Another advantage is that you can also Buy shares directly on European stock exchanges which are often only offered in euros.
In principle, a euro account works in exactly the same way as a CHF account. The account is also with a Swiss bank - or with an online bank based abroad - you can use it via e-banking and access it with a debit or credit card. The only difference is that it managed in EUR instead of CHF .
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Not all banks allow you to open an account in euros. And while you can open a euro account with some large providers such as Raiffeisen Bank, ZKB, Migros Bank or UBS, the fees are relatively high.
Here you will find a selection of the best providers that offer a Free or low-cost euro account in Switzerland offer. Below you will find an overview of traditional banks.
Alpian is a digital private bank and has made a name for itself in recent years with particularly attractive conditions. The euro account is also particularly exciting here, as you can benefit from extremely low exchange fees can benefit from. So on weekdays you only pay 0.2% and on weekends 0.5%.
As with Yuh, you automatically receive an account in several currencies when you open it. In addition to CHF and EUR, GBP and USD are also directly available to you.
Another advantage is that you not only pay for CHF, but also for your EUR interest of up to 1%.
Yuh is a digital bank that has become increasingly popular in recent years. A particularly practical feature of this provider is that you can directly open a Multi-currency account you can set up. You also have a savings account, an investment account and a pillar 3a account at your disposal.
So as soon as you open an account with Yuh, you have automatically also a euro account included. You can also choose from 11 other currencies such as USD and GBP.
In principle, you do not pay any account fees at Yuh, not even for a euro account. You also do not have to transfer CHF specifically to your euro account in order to use it. Instead, the Automatic currency exchange if you want to pay in euros. However, there is a (rather high) Currency exchange fee of 0.95% but there are no further transaction fees.
Also Wise is a well-known online bank for international payments. With Wise you can open a Free euro account and you will even receive a Free debit card to that.
Wise always uses an excellent exchange rate and continues to offer extremely low exchange fees. So you pay Exchange from CHF to EUR maximum 0.23%. This fee drops even further for larger sums. For an exchange from EUR to CHF, the fee is a maximum of 0.43%.
Wise used to be called Transferwise and has been integrated into the Swiss bankย Neon integrated. However, Wise itself is an international company.
Revolute is probably one of the best-known banks for foreign currency accounts. The online bank has established itself thanks to its low fees for international payment transactions. In addition to CHF and EUR, you have around 150 other currencies available.
In contrast to the other providers, however, you do not receive an effective euro account here, but merely a Prepaid debit card. You always have to top these up with euros first, which can be done with a Fee of 1,15% is connected.
With Revolut's free standard account, you benefit from no additional currency exchange fees up to EUR 1,000/month.
| PostFinance | Bank Cler | Migros Bank | Raiffeisen Bank | Zรผrcher Kanonalbank (ZKB) | |
|---|---|---|---|---|---|
| Account management fees | CHF 5 (free of charge for account balances > CHF 25,000) | CHF 5 (CHF 1 for assets > CHF 25,000 or mortgage) | CHF 0 | CHF 5 - CHF 15 | CHF 5 - CHF 10 |
| Exchange fees | Variable, depending on amount and transaction. Up to 2.4% in the test. | CHF 4 for foreign and foreign currency payments in e-banking | Variable. In our test around 1% - 1.5% | Standard exchange fees. In the test from Wise up to 1.7% | Standard exchange fees. Depending on the card, up to 4%. |
| Multi-currency account | No | No (but CHF and EUR accounts available) | No (separate CHF and EUR accounts available) | No (separate CHF and EUR accounts available) | Yes, CHF and EUR |
| Special features | Free euro account possible with high account balance, high ATM availability | Modern offer via Zak app, discounts for accounts with mortgage | Customer-friendly conditions, simple management of CHF and EUR | Customer-focused advice, often with favourable conditions for cooperative members | Wide availability in Zurich, well suited for cross-border commuters |
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A euro account in Switzerland can be worthwhile if you regularly receive or have to make payments in euros. This is especially true if you want to trade on European stock exchanges or receive income from abroad.
However, traditional banks such as Raiffeisen Bank or ZKB usually charge very high fees. In recent years, a number of neobanks have established themselves that offer a Free euro account with extremely low exchange fees offer. At Yuh and Alpian you will even receive a free gift card directly Multi-currency accountwhich means you no longer have to worry about a separate account in euros.
A euro account is a bank account that is held in euros.
There are numerous providers that offer a foreign currency account. Some particularly favourable examples are Yuh, Bank Cler, Alpian, Revolut and Wise.
Yes, you can also deposit euros into a CHF account. However, in most cases this is associated with high fees, unless you have a multi-currency account, such as with Yuh or Alpian.