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5 reasons that speak in favour of KasparUnd
A🇨🇭 finance app that lets you handle all your finances?
Kaspar& offers you a Free account, worldwide free payments, 3a pension plan and an easy way to get your Invest money. In the long term, even more Insurance solutions be offered in the Kaspar& app.
In this Kaspar& Field report you will learn how to work with Kaspar&. pay, round up and invest automatically you can. Furthermore, you will get an insight into our KasparUnd experiences and our top 5 reasons that speak for your personal Kaspar& test.
Let's start right away with an overview of all the features of Kaspar&.
BonusIn the Kaspar& app, you have everything at a glance. Account balances, investments and your savings goals. Even the card management (view pin or block the card) is completely feasible in the app.
Not a bad basis for a positive Kaspar& experience report, is it? There is one more thing. If you choose KasparUnd, the fully digital account opening process will provide you with a customized personalized card created.
This is how rounding up and investing with Kaspar& works.
The Kaspar& fees are easy to describe as they are based on transaprenz.
Kaspar& Account Fees:
- Free of charge: CH account management and card
- Free of charge: payments worldwide
- Free of charge: Exchange rates at Mastercard reference rate
- CHF 20: On your replacement card in case of lost card
- CHF 5: For every cash withdrawal in Switzerland or abroad
Kaspar& Investment Fees:
- Free of charge: transactions in case of strategy change, deposits or withdrawals or liquidation
- Free of charge: Tax statement by partner bank Hypothekarbank Lenzburg
- 0.85% per year: On your investments from CHF 1 up to CHF 95,000. Above that, the fees decrease. This includes stamp duties, custody account management, product costs (TER), foreign currencies, stock exchange brokerage fees and administration costs.
- 0.84% - 0.57% per year: On your investments between CHF 95'000 and CHF 250'000.
Kaspar& is so cheap, you may wonder what the catch is or how they make money?
When processing payments, merchants worldwide have to pay small fees to the payment service providers. This is called an interchange fee.
As customers, we are often not aware of this because we are not affected by it. For example, when you use your Kaspar& card (or any other credit card) at Migros, Migros pays a small portion to Kaspar& for processing the transaction. There are no additional costs for you. This is not much, but it allows Kaspar& to roughly cover the costs incurred for no Kaspar& card etc.
KasparUnd mainly earns money in the investment sector. Should offers such as insurance be integrated at a later date, there will be further opportunities for monetisation.
When you look behind the scenes of Kaspar& you quickly see that this is a fintech to be taken seriously. Kaspar& is the first FINMA (Swiss Financial Market Supervisory Authority) regulated fintech with an asset management license.
Kaspar& was founded by a broad-based team of founders as a spin-off from ETH Zurich and the University of St. Gallen (HSG). At the start, a good 10 employees work in the KasparUnd team.
"Intelligent people learn from the mistakes of others".
We have compiled our top selection for you from all our tests and experience reports:
Co-Founder Dr. Jan-Philip Schade answered the question in an interview that further optimization of the app and its usability are still a priority.
But Kaspar& is soon to get Apple Pay, Google Pay and Samsung Pay. Also big on the agenda is a fixed link to an external credit card, to automatically pay your Kaspar& Account To be able to recharge.
In the longer term, insurance companies will be integrated into the KasparUnd app.
Those who want to invest and manage their finances with Kaspar& will find a very convenient and broadly positioned provider for the long term.
We all like to spend money. Especially in a world of less and less cash, Kaspar& offers an exciting solution. Paying worldwide at Mastercard reference rates and automatically investing something by rounding up with every payment helps you build up your wealth in the long run.
In 2023, Kasar& Pillar 3a was added to the app as a pension solution. In the future, Kaspar& insurances will be added, making the app more and more a holistic contact point for financial matters.
Will you test Kaspar&? Then be sure to leave a comment with your experience.
Use the Kaspar& voucher code CHFRANKE for CHF 12 starting credit!
Investments with Kaspar& are protected without cover, as they do not slide into the insolvency estate in the event of insolvency. Enough background knowledge for now? Let's take a look at the product page, because this is the main focus of this Kaspar& experience report.
You cannot set the investment rule to CHF 0, but you can set it to an absolute minimum.
When setting the KasparUnd investment strategy, you can see exactly which securities are used. Passive products such as ETFs and index funds are used.
Twint is currently not yet available.
Both work with Hypothekarbank Lenzburg as a partner bank. Both offer attractive payment conditions abroad. But what does a Kaspar& vs. Neon comparison actually look like?
Compared to Neon, Kaspar& does not focus specifically on banking. Rather, Kaspar& wants to become a digital platform for saving or rounding up, investing, and later other offerings such as a Kaspar& pillar 3a or insurance. The latter should be able to be concluded directly in the Kaspar& app.
Do I still need a Neon account if I switch to Kaspar&? It depends. Especially if you want to load your KasparUnd card, you currently still need a secondary account. Other reasons would be Apple Pay, Samsung Pay and Google Pay, which you can conveniently use with Neon, but not yet with Kaspar&.
Since Neon's focus is on banking, they offer free cash withdrawals. KasparUnd focuses on investing and charges CHF 5 per cash withdrawal.
Kaspar& vs. neon? My wallet now contains Kaspar&neon. Thanks to free account fees with both providers, the newly created shared apartment in your pocket does not incur any additional costs.
In the comparison of Yuh vs. Kaspar& we have to look closer, as both providers are hybrids between banking and investment and have the focus on investing.
Both providers have no deposit fees and free cards. Yuh offers one free cash withdrawal per week (beware of the fine print). On the other hand, Yuh charges 0.95% for currency exchange and CHF 4 for a foreign transfer. Kaspar& offers the interbank rate and no further surcharges on payments.
Trading costs 0.5% for stocks and ETFs at Yuh (ETFs have an additional product fee up to 0.65% TER), cryptocurrencies have 1% fees. In the Kaspar& vs. Yuh fee comparison, equivalent products must be compared. If ETFs are bought at Yuh, Kaspar& sometimes fares better in terms of price. If shares are traded at Yuh, Kaspar& is slightly more expensive, as the fees vary from 0.57% - 0.85%.
The Kaspar& vs. Yuh comparison is not easy. Both solutions offer features that are not (yet) offered by the other.
My personal opinion: Yuh focuses more on trading and therefore has perhaps a slightly different target group than Kaspar&. Kaspar& focuses on automatic rounding up and investing. Here users are skillfully supported to invest money for the long term and to take control of their finances. The different positioning is only slightly different, but still drastic.
Feel free to leave a comment how the duel turns out for you.
In the duel of Kaspar& vs. Zak, we consider a similar starting position as in the comparison with Neon. Zak as a focused banking app offers savings functions with its savings pots, but does not offer a function for rounding up and automatic investing. Instead, Zak already offers an integrated Zak Pillar 3a solution. There are many more features available in the premium version of Zak, but these would be unfair in comparison.
It would be a bit premature to make a final decision on the comparison between Zak and Kaspar at this point in time.
15 responses
Hello
I need a card to pay for my holidays. "Pay anywhere in the world free of charge and even at the Mastercard reference rate" sounds really good.
Is it possible to directly compare the "Mastercard reference rate" with Revolut, Neon, Wise? Is it always lower/higher than the others or does it vary?
Some providers show their exchange rate fees transparently, but these are very few. Practical comparisons and payments are probably the most obvious solution.
In principle, the reference price without a premium is of course very attractive.
0.85 % Custody account fees are very expensive. Cannot be recommended.
Hello, what do you think about Radicant? How does Radicant compare to Yuh, Neon, Kaspar&? Are there already comparisons to Radicant? Thanks for any information :-)! Kind regards, Jürg Rieben
Hello Jürg, I am currently testing Radicant yet. A field report is still pending.
I am also testing the two and comparing them with Yuh. I've known Yuh from day 1 and am very satisfied (for me it's still the best app and the best neobank). I'm very disappointed with Radicant (terrible support (late response or no response at all) and rather meagre functions)... Radicant is out for me (like Alpian before it... both too close to the old bank feeling :-()). I like Kaspar& quite a lot so far... the support is also fast and competent!
Thanks for your feedback, Jürg!
Interesting but probably only when you also have Apple Pay etc. with it and also consume them
Hello,
I am interested in Kaspar& because unfortunately, as a cross-border commuter, my employer requires me to have a Swiss account, which I have no use for in everyday life.
I am therefore looking for an account that allows a monthly transfer from CHF to a foreign account in EUR with as few fees as possible. What about these transfer fees at Kaspar& ?
Many thanks in advance!
Dear Sophia,
you will definitely find a free account with Kaspar&.
By the way, you can also make larger transfers in foreign currencies with Wise from any account at very low cost.
You can find more good smartphone banks here.
Hello Eric
You mentioned in the blog article that neon and kaspar& are in your wallet. My first question would be how do you use the cards? Do you only pay with the kaspar& card or when or for what do you use your neon card? My second question would be which Twint app do you prefer for neon, the prepaid Twint app or do you prefer to pay directly through UBS Twint?
Thank you in advance 🙂
Hello Eric Gasser 🙂
Abroad I mostly use Neon, Revolut and Kaspar& due to the favorable exchange rates.
Within Switzerland, I use the free cash withdrawals with Neon. Whether and how you pay with Kaspar& (and therefore invest automatically) depends on your personal plans. You should proceed as it makes sense for you 🙂
With Neon, I use the UBS Twint app, which has worked wonderfully for me so far, so I haven't tested the alternative yet.
More info in the Neon Contribution.
I am currently considering whether to go with Kaspar& or Yuh. Can I buy individual shares at Kaspar& at all?
The website only says about 3 investment solutions. Comfort, Normal and Sport, so defensive, standard, offensive. At Yuh there is also a table that investing is limited. https://library.yuh.com/shared-images/yuh-investment-universe-product-list-en
Hello Adrian
at Yuh you can make targeted investments, but as you write, only from a selected pool. This pool will probably grow further in the future.
With Kaspar& you set a savings target and then you have the option of customising the "investment basket". For example, you can choose focus themes. Individual investments (e.g. 100% in ABB shares) are possible with Yuh currently not yet possible.
Both apps have advantages and disadvantages and are free of charge in the basic function. Just test them yourself 🙂
Thanks for the hint in the newsletter. I did not know Kaspar. The review is very detailed and I think Kaspar is good for beginners. I will install the app and test it!