In 2021, I discovered there were solid digital alternatives to traditional banks in Switzerland. After some research, I opened a Neon online bank account, which I’ve used as my main account ever since — for receiving my salary, paying bills, and managing everyday expenses.
I also use Revolut for euro transfers and a few credit cards to take advantage of cashback offers and insurance benefits. But for my day-to-day banking in Switzerland, Neon remains my go-to.
Neon is a 100% digital bank account with no physical branches. Customer funds are held with Hypothekarbank Lenzburg, a regulated Swiss bank that protects deposits up to CHF 100,000 under Swiss law.
Neon offers four types of accounts, including a completely free option. For someone like me who rarely needs to deposit or withdraw cash, it's more than enough.
Opening the account was very simple: just an ID (Swiss or not) and a short video identification process via the app. The official Neon website has a clear FAQ that explains every step.
I receive my salary on my Neon IBAN every 25th of the month, right on time. I connected my eBill account to automate recurring bills, and I scan or upload QR code invoices directly through the app.
🔄 A very useful feature: Neon allows you to upload a QR code image. If I get an invoice by email or WhatsApp, I can upload it and Neon fills in all the payment details. No other Swiss banking app I’ve used does this.
For a one-time fee of CHF 20, you get a physical Mastercard debit card. I don’t use it much — I prefer cards with cashback or insurance. Neon also supports Twint, although I haven’t activated it yet.
Since 2024, Neon has introduced Neon Invest, which allows users to buy stocks and ETFs directly from the app. You can make individual purchases or set up a monthly investment plan.
💰 For example, I invest CHF 100 on the 28th of each month into 3 ETFs I’ve selected. The money is automatically deducted and invested.
After more than three years, I still consider the Neon online bank account the most convenient and modern banking solution I’ve used in Switzerland.
The addition of Neon Invest makes it even more valuable, especially for those looking to invest small amounts regularly. If you're looking for a reliable digital bank in Switzerland, Neon is worth a try.
I don’t have a referral link yet, but you can open an account directly at www.neon-free.ch. Setup takes only a few minutes and you can start using your Neon online bank account right away.