After Neon, Revolut, Zak and Yapeal, CSX is now joining the growing club of Swiss online banks. Created by Credit Suisse, this new free banking offer is now available on the App Store and Google Play.
As with the competition, all you need is a smartphone and an ID card or passport to open a private account in just a few minutes and with a few clicks, all free of charge. New customers are also entitled to additional functions in the area of financial and pension planning with "CSX Financial Plans". This function provides an overview of their economic situation as well as "suggestions for optimising" their personal pension provision. In addition, it is possible to extend one's mortgage using the application. Finally, Credit Suisse is promoting its digital asset management solution "CSX Investir", which allows you to discover the investment universe starting at CHF 100.
Further functions will be added to this multifunctional application. As part of its partnership with the insurer AXA, Credit Suisse will integrate insurance solutions into its digital bank. This offer will be launched in the first quarter of 2021.
Credit card offered and benefits for young people
The offer comes with a "White Debit Mastercard" for digital transactions, i.e. a credit card that allows you to pay in online shops and abroad free of charge. For the time being, Revolut and TransferWise remain cheaper for purchases abroad due to their more advantageous exchange rate. However, it should not be forgotten that these foreign online banks do not offer a Swiss private account.
It is also important to note that a fee of CHF 2.00 is charged for each cash withdrawal. For unlimited free cash withdrawals at ATMs, a premium card costs CHF 3.95 per month. Credit Suisse is rounding out its offer with CSX Young, which is specially designed for 12-25 year olds. In addition to all the other benefits, they also enjoy discounted cinema tickets and a 20% discount on the entire Swisscom streaming offer. This last discount is particularly welcome in this period of semi-confinement, when the places of entertainment are still closed.
Compared to other neo-banks, the offering of Switzerland's second largest bank is especially advantageous for people who do not use cash. All that remains now is to test the new mobile bank's offering to see whether it delivers on its promises!
Based on: credit-suisse.com