{"id":9573,"date":"2022-07-26T16:07:24","date_gmt":"2022-07-26T14:07:24","guid":{"rendered":"https:\/\/schweizerfinanzblog.ch\/online-bank-switzerland-zak-review-2023\/"},"modified":"2026-11-01T19:24:48","modified_gmt":"2026-11-01T18:24:48","slug":"online-bank-switzerland-zak-review-2023","status":"publish","type":"post","link":"https:\/\/schweizerfinanzblog.ch\/en\/online-bank-switzerland-zak-review-2023\/","title":{"rendered":"Online Bank in Switzerland: Zak Review (2023)"},"content":{"rendered":"\n

In 2018, the Swiss Bank Cler launched Zak, an innovative banking solution never before seen on the Swiss market: free and hassle-free on your smartphone. It’s been a good year since we first wrote about Zak. Since then, a lot has happened at Switzerland’s first mobile banking app. In this comprehensive Zak online bank Switzerland update, you’ll find out which innovations this smart Swiss neobank has to offer and whether it’s right for you.<\/strong><\/p>\n\n\n

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\n\t\tBy Stefan Huser<\/a> and Antun Brcina<\/a>\t<\/div>\n\t\t\t
Updated on 2 Comments<\/a>\n\t<\/div>\n\n\n\n
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\n\t\t\tIn a nutshell\t\t<\/p>\n\t<\/div>\n\n\t

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  • In early 2018, the Swiss Bank Cler<\/strong> launched Zak, Switzerland’s first neobanking app<\/strong>.<\/li>\n
  • With Zak, account management<\/strong>, payments<\/strong> and the Visa debit card<\/strong> are free of charge<\/strong>.<\/li>\n
  • Zak offers deposit insurance<\/strong> of CHF 100,000<\/strong> per customer.<\/li>\n
  • The Zak private account pays 0.75% interest<\/strong> on balances up to CHF 25,000 (as of 5 May 2023).<\/li>\n
  • With eBill<\/strong>, you can pay bills efficiently in the Zak app.<\/li>\n
  • At Zak, fees essentially only apply when foreign currencies <\/strong>are involved, be it for card purchases abroad (exchange rate markup of approx. 0.5%), cash withdrawals or payments (approx. 2% fee!).<\/li>\n
  • Thanks to digital savings pots<\/strong>, you can conveniently plan your finances on your smartphone, whether for everyday household expenses or special purchases.<\/li>\n
  • Zak has no foreign currency accounts<\/strong> and no trading functions.<\/strong><\/li>\n
  • Zak offers efficient free support<\/strong>.<\/li>\n
  • Zak is ideal for all digitally savvy savers<\/strong> who want to do their everyday banking free of charge (in their home currency, CHF) and conveniently on their smartphone.<\/li>\n<\/ul>\n\t<\/div>\n\t\t\t\n\t<\/div>\n\n