Yuh experiences (2025): What the new star in the Swiss neobanking firmament can (and can’t) do

Free multi-currency account, free debit card and free cash withdrawals: Word has gotten around that Yuh scores with attractive conditions for all aspects of payments and has also convinced us. But is Yuh also suitable for your investments? In addition to the account, cards & co., we also took a closer look at Yuh’s ETF investment universe and came across some surprising findings. We have summarized our Yuh experience with the new high-flyer in the Swiss neobanking scene in this detailed Yuh review.

CHF 50 bonus with Yuh promotion code “YUHSFB”

If you are convinced by Yuh’s offer, secure 50 CHF trading credits now. This will save you transaction fees on investments worth up to CHF 10,000. At the same time you support our blog.

This is how you proceed: Simply enter the Yuh promotion code “YUHSFB” when you register.

Important: If you want to benefit from this bonus, you must enter the promotional code under “Your promotional code from Yuh” and not under “Refer a friend” or similar.

Transfer the amount of CHF 500 or more to your new Yuh account. Your bonus will be credited no later than 24 hours after the initial transfer. It is valid for four months for your trades (exceptions: cryptocurrencies and currency swaps).

What is Yuh?

The newest Swiss smartphone bank was launched in May 2021. It is a joint product of the private Swissquote Bank and the state-owned PostFinance.

Despite its relatively late market entry, Yuh is the fastest growing neobank in Switzerland with over 250,000 customers. In comparison: Zak, which was launched three years earlier by Bank Cler as a Swiss pioneer, has around 60,000 customers. Yuh is therefore currently the undisputed high-flyer on the Swiss neobank scene.

Judging by the flashy marketing and casual “you” culture, Yuh is obviously aimed at a younger audience. This is also supported by the fact that online banking at Yuh is only possible via cell phone .

Yuh also promises the greatest possible simplicity, not only when trading, but also when making payments, saving and making provisions. This makes Yuh probably the most comprehensive neobank in Switzerland. You can find out more about Yuh’s offering in the next section.

What does Yuh offer?

As already mentioned, Yuh’s range of services is diverse compared to other neobanks and includes the following four services:

• Figures
• Saving
• Pension provision (pillar 3a)
• Invest

In this Yuh Review, we will explain and assess all of these services and attach a price tag to each. True to our mission, we will of course take a particularly close and critical look at the topic of “investing”.

Our Yuh experience with payment transactions

While investing, saving and 3a pension provision are voluntary, the Swiss can’t avoid payment transactions. This fact is probably also the reason why previous Yuh tests have always focused on the less spectacular online banking with private account, cards and payment functions.

This was also the case with SRF’s Kassensturz, which made Yuh’s sensational performance in this discipline known to the general public in April 2023. At the time, Yuh had clearly prevailed against 18 other banks with a Swiss banking license.

SRF based its findings on the results of the Moneyland comparison portal. The comparison was carried out using the “average use” and “frequent use” profiles. The transactions examined are the same in each case, namely payment transactions in Switzerland and abroad, purchases and cash withdrawals with debit cards in Switzerland and abroad. The two profiles differ only in terms of intensity of use and average account balance.

Since this test is a snapshot and the underlying profiles do not match your real usage behavior, we will go into the individual services and conditions of Yuh below (see also Yuh’s price list).

In terms of payment transactions, Yuh leaves little to be desired, with perhaps one exception: overdrafts are not permitted. Let’s start with the self-explanatory…

Yuh standard services when paying

• Free bank transfers in Switzerland and Liechtenstein in 13 currencies
• Free SEPA bank transfers in Europe in EUR
• 4 CHF for SEPA bank transfers in Europe in other currencies (plus any fees charged by third-party banks)
• Transfer types: one-off, regular (standing order), eBill, TWINT
• Free Debit Mastercard without transaction fees; card can also be used via smartphone: “Apple Pay”, “Google Wallet” and “Samsung Wallet”; monthly card limit of up to CHF 25,000 freely selectable in the app
• Free weekly cash withdrawals at Swiss ATMs / additional withdrawals for CHF 1.90 per withdrawal
• CHF 4.90 per cash withdrawal abroad
• Currency exchange 0.95% (see also next chapter)

…and continue with the (explanatory)…

Yuh special services when paying

We have noticed two interesting features in payment transactions, which we explain below.

Multi-currency account

Yuh offers a so-called multi-currency account for no less than 13 currencies (see illustration below).

This allows you to benefit from two advantages: On the one hand, everything is processed via a single account or IBAN, which simplifies payment transactions in foreign currencies.

On the other hand, the multi-currency account allows you to transfer money without exchanging currencies (even abroad with your card). This saves you exchange fees, e.g. during your vacation abroad.

You also benefit from the multi-currency account with your investments. For example, if you receive dividends in US dollars, you can access these dollars again later without currency exchange fees, either by buying new securities or making payments in USD.

With competitors, you are usually offered either only one account in your home currency or a separate account with its own IBAN for each foreign currency.

Click on this link to find out how Yuh promotes its multi-currency account.

Currency exchange immediately or with target exchange rate

Despite having a multi-currency account, you will not be able to avoid one currency exchange or another. The relevant fees depend on the respective currency pair.

For the 13 standard currencies mentioned above, Yuh charges a conversion fee of 0.95% of the transaction amount. For other currencies, the conversion fee for using the debit card abroad is 1.5%.

Positive: Yuh does not charge any transaction fees. These can be up to 1.5% per foreign transaction with other card issuers. Incidentally, online shopping with a foreign provider is also affected by such a fee, even if the provider charges in CHF.

If you only want to exchange money at a specific exchange rate, you can optionally enter your preferred target exchange rate with Yuh. As soon as your desired exchange rate is reached, Yuh will initiate the exchange for you. This feature is also an interesting feature of Yuh for us, even if it is of course only suitable for those who are not in a hurry to exchange money.

Conclusion on paying with Yuh

In terms of private account, payment transactions and card use, Yuh offers an extremely attractive overall package in terms of price. This has not only been confirmed by our Yuh experience and research, but also by third-party tests.

If online banking via cell phone is normal and easy for you, then Yuh could soon become your new, inexpensive house bank.

Our Yuh experience with savings

Saving using practical Yuh savings pots will greatly simplify your budget planning with regard to financing future purchases and projects. Apart from that and, of course, a nest egg, we don’t consider saving via a bank account to be particularly desirable because it simply doesn’t generate enough return.

After all, with a savings account you are not exposed to nerve-wracking price losses. On the contrary: for some time now, even in Switzerland, interest rates on savings have been back, albeit with a downward trend as a result of the SNB’s latest interest rate cuts. Below we summarize Yuh’s most important services and conditions relating to savings:

• Interest of 0.25% on CHF, EUR and USD (unlimited amount; as at 12.1.2025)
• Individual savings targets can be defined
• Automatic saving possible
• Savings motivation with updates and visualization (savings curve)
• Savings can be withdrawn at any time

Since 1.7.2024, interest has only been paid on your “Savings” balances, which is why it is now worth transferring your cash that is not needed in the short term to “Savings”.

And this is how it works: You go to “Savings” and click on “Add funds”. The corresponding amount is then immediately transferred from “Pay” to “Save”, allowing you to define your savings projects.

The other way round is just as easy. If you want to use your savings for upcoming payments (or investments), then go back to “Savings”, click on “Add funds” (!) and then “Withdraw funds”. The balances for “Savings” and “Payments” are adjusted in no time at all.

Unfortunately, it is not (yet) possible to automatically transfer “Savings” to “Payments” using a stored date, e.g. in order to have sufficient funds in “Payments” by the deadline or to be able to pay the corresponding invoice.

You can choose your savings goal from around 15 predefined savings projects such as party, taxes or emergency. If your desired savings goal is not included in this selection, you can alternatively name your savings project individually, e.g. as in our example “Photo camera” (see illustration below). Your savings balance in relation to your savings project is calculated and visualized by Yuh.

Practical: In addition to manual saving, you also have the option of automatic saving with Yuh. In this case, you define your desired savings interval (daily, weekly or monthly) and the recurring savings amount. Based on this, Yuh calculates the date on which you will have reached your savings target. If you want to take a break, you can interrupt the automatic saving at any time.

Unfortunately, the reverse process from “savings” to “payments” is not (yet) automated. This would also be practical in order to have sufficient liquidity on “Pay” at all times or so that corresponding invoices can be paid on time.

Conclusion on saving with Yuh

If you would like to work systematically towards one or more savings goals and benefit from a relatively good interest rate, Yuh offers a useful feature.

Our impressions of the Yuh 3a pension plan

Private pension provision via pillar 3a is attractive from a tax perspective. To do this, you need a separate 3a account at a Swiss bank. With Yuh, you can open such an account in around five minutes via the app.

Saving for retirement is often associated with a long investment horizon. We therefore prefer solutions with the highest possible proportion of equities, globally diversified and passively managed based on low-cost ETFs or index funds.

So let’s take a look at whether Yuh would meet our requirements.

The total annual costs for Yuh are fixed at 0.50% of the 3a pension assets, making it one of the cheaper providers in Switzerland.

We are also impressed by the equity allocation of between 20% and 99%, based on five freely selectable strategies. Likewise the fact that the investment universe consists of passive index fund products. Incidentally, all products are offered by Swisscanto.

Conclusion on 3a pensions with Yuh

The passive investment approach and the option of investing up to 99% in the “equities” asset class are convincing arguments for us. Nevertheless, due to the greater flexibility in portfolio composition and the even more favorable prices, we will not consider switching from Viac at this time (see our detailed test report “Our VIAC experience with the 3a pension pioneer: These 5 strong arguments convince us”).

Our Yuh experience with investing

As passionate private investors, we are naturally most interested in how Yuh performs as a securities broker.

For Yuh, too, the investing function is likely to be by far the most interesting on their app. Because unlike payments, the cash register rings after every transaction when trading.

Yuh advertises investing accordingly aggressively: “Invest with the Yuh factor”, “The best of the best” or “Love your trades”.

The message behind it is clear and should be aimed primarily at stock market beginners: “Invest super easy (and as often as possible) and put together your personal securities portfolio now”.

Our recommendation: Consistently ignore all trading messages from Yuh! They are just meant to encourage you to trade frequently. From Yuh’s point of view, and of course that of all other brokers, this business practice is understandable: After all, trades are one of their most important sources of income. So instead of letting yourself be influenced by the loud stock market noise, as a rational investor you should heed the following stock market rule: “Back and forth empties your pockets”. So you and Yuh are pursuing conflicting interests here. It’s better to stick to your own rules based on your investment strategy and your risk profile (you can find out more about these investment basics in our “Learn to invest – in eight lessons” section).

The key figures for investing with Yuh are very positive:

• No custody account fees
• Yuh commission of 0.50% per trade (min. CHF 1)
• Real time prices: Orders are executed immediately during trading hours at the then current price
• Savings plan: all products, from CHF 25, weekly or monthly, 10 minutes after the stock market opens, a selection of ETFs is free in the savings plan or the purchase commission of 0.50% is waived.
• Fractional trading: all products can also be traded in fractions – from CHF 25
• Ethical rating: Yuh automatically determines the ESG score of your investment

There’s no doubt about it: it all reads very attractively and, as we expected, handling via the Yuh app is very intuitive and child’s play. Bravo Yuh, you have delivered!

According to the chart above, for Stefan’s first ETF purchase from Yuh worth USD 200, the fees were estimated at USD 1.30, consisting of Yuh commissions (0.50%) and stamp duty.

The actual costs, including the consideration of any credit balances (50 CHF trading credits with our promotional code “YUHSFB”) will only be shown after the trade in a detailed transaction receipt (see PDF excerpt below). This does not include any exchange rate fees.

Trading with Yuh is only worthwhile for smaller amounts…

However, with Yuh’s linear fee structure (i.e. always 0.50% of the transaction amount without a cost cap, minimum CHF 1), you should always be aware of the following rule of thumb: The smaller your invested tranche, the more attractive Yuh is compared to the competition. (Please note that the Yuh minimum commission of CHF 1 always applies for investment amounts of less than CHF 200, i.e. in percentage terms you pay more than 0.50% commission in these cases).

An example calculation: If you invest CHF 200, you only pay the minimum fee of CHF 1, for CHF 1,000 it is a moderate CHF 5 and for CHF 2,000 it is still an acceptable CHF 10.

However, if you prefer to invest larger tranches, you are definitely better off with other brokers. At the parent company Swissquote, for example, you pay a flat fee of CHF 9 for many ETFs. For a trade worth CHF 10,000, you are therefore more than five times cheaper at Swissquote than at Yuh (CHF 9 vs. CHF 50).

…or with 6 ETFs without purchase commissions in the Yuh savings plan

Great news! Since July 2024, Yuh has been offering six ETFs without purchase commissions of 0.5%. So if you choose such an ETF in the Yuh savings plan, you can halve the average Yuh commissions to 0.25%, because the sales commissions of 0.5% will continue to accrue and at some point, albeit perhaps in the distant future, you will want or need to sell your ETFs again.

The investment universe of Yuh

However, low fees and cool trading features are of absolutely no use to you if the products you can trade on the app are poor.

The investment universe at Yuh on 12.1.2025 consists of the following products:

• 305 shares: e.g. Apple, Nestlé, Roche, Sony, Starbucks, Tesla, UBS, Zalando
• 43 equity ETFs (including 6 newly offered ETFs without trading fees when investing via a savings plan; see our detailed ETF compilation below)
• 10 Bond ETFs
• 42 Cryptocurrencies
• 28 trending topics: e.g. “Off into space”, cannabis, football fever, vegetarianism
• 2 investment themes: “Yuh Conservative Portfolio” and “Yuh Growth Portfolio”

The last two investment categories are structured products, which require particular caution due to a lack of transparency and high costs.

How good is Yuh’s ETF selection?

In contrast to other testers who have either not dealt with trading on the Yuh app at all or only superficially, we would like to close this gap and provide an in-depth analysis.

We focus on our preferred ETF equity investment. Is it really the “best of the best”?

Let’s start with the quantitative side: Unsurprisingly, the range of 43 ETFs on offer is still somewhat meagre. But this doesn’t have to be a disadvantage for you per se. Because if your desired ETFs are included in this selection, thousands of other products will not bring you any added value.

So let’s take a closer look at the ETF range. We are pleased to see that Yuh has now replaced the previously uninformative ETF list, which we criticized, with a dynamic, web-based product overview. This now shows ETF providers and the underlying index (see excerpt below). By clicking on the ETF, you can access further information such as the product costs (TER) or the fund volume. All data is prepared by Yuh’s partner TradingView.

Existing customers can of course also get an overview of the Yuh investment universe directly via the app.

Either way, our sortable custom creation below gives you an even better comparison of Yuh’s equity ETFs.

ETF investment universe of Yuh

Description	ETF	Symbol	Index	TER	Trading currency	Stock exchange	Replication method	Div.*
African Blue Chips	Xtrackers MSCI Africa Top 50 Swap UCITS ETF 1C	XMKA	MSCI EFM Africa Top 50 capped	0.65%	EUR	XETRA	Swap-basiert	T
Asian Emerging Markets	iShares MSCI EM Asia UCITS ETF	CSEMAS	MSCI Emerging Markets Asia	0.20%	USD	SIX	Physisch	T
Australian Blue Chips	iShares MSCI Australia UCITS ETF	SAUS	MSCI Australia	0.50%	AUD	SIX	Physisch	T
Brazilian Blue Chips	Xtrackers MSCI Brazil UCITS ETF 1C	XMBR	MSCI Brazil	0.65%	USD	SIX	Physisch	T
Canadian Blue Chips	UBS ETF (LU) MSCI Canada UCITS ETF A-dis	CANCDA	MSCI Canada	0.33%	CAD	SIX	Physisch	A
Chinese Blue Chips	Xtrackers CSI300 Swap UCITS ETF 1C	XCHA	CSI 300	0.50%	CHF	SIX	Swap-basiert	T
European Blue Chips	Lyxor EURO STOXX 50 (DR) UCITS ETF	MSE	EURO STOXX 50	0.20%	EUR	Euronext Paris	Physisch	T
European Stocks with High Dividends	SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist)	SPYW	S&P Euro High Yield Dividend Aristocrats	0.30%	EUR	XETRA	Physisch	A
French Blue Chips	Lyxor CAC 40 (DR) UCITS ETF – Dist	CAC	CAC 40	0.25%	EUR	Euronext Paris	Physisch	A
German Blue Chips	Xtrackers DAX UCITS ETF 1C	XDAX	DAX	0.09%	EUR	XETRA	Physisch	T
Global Blue Chips (CHF)**	iShares MSCI World CHF Hedged UCITS ETF	IWDC	MSCI World	0.55%	CHF	SIX	Sampling	T
Global Blue Chips (CHF)**	Vanguard FTSE All-World UCITS ETF	VWRL	FTSE All-World	0.22%	CHF	SIX	Physisch	A
Global Blue Chips (USD)	Vanguard FTSE All-World UCITS ETF	VWRD	FTSE All-World	0.22%	USD	London SETS	Physisch	A
Global Stocks with High Dividends**	Vanguard FTSE All-World High Dividend Yield UCITS ETF	VHYL	Vanguard FTSE All-World High Dividend Yield	0.29%	CHF	SIX	Physisch	A
Global Stocks with Minimal Volatility	iShares Edge MSCI World Minimum Volatility UCITS ETF	MVSH	MSCI World Minimum Volatility	0.35%	CHF	SIX	Sampling	T
Global Infrastructure	iShares Global Infrastructure UCITS ETF	INFR	FTSE Global Core Infrastructure	0.65%	USD	SIX	Physisch	A
Global Momentum Stocks	iShares Edge MSCI World Momentum ETF	IWMO	MSCI World Momentum	0.30%	USD	London SETS	Sampling	T
Gold	ZKB Gold ETF AA CHF	ZGLD	-	0.40%	CHF	SIX	Physisch	A
Italian Blue Chips	iShares FTSE MIB UCITS ETF (Acc)	CSMIB	FTSE MIB	0.33%	EUR	Borsa Italiana	Physisch	A
Japanese Blue Chips	Xtrackers Nikkei 225 UCITS ETF 1D	XNJP	Nikkei 225	0.09%	JPY	SIX	Physisch	A
Latin American Blue Chips	Amundi MSCI Emerging Markets Latin America UCITS ETF	AMEL	MSCI EM Latin America	0.20%	EUR	XETRA	Swap-basiert	T
Nasdaq-100 Index	Invesco EQQQ NASDAQ-100 UCITS ETF	EQQQ	NASDAQ-100	0.30%	USD	SIX	Physisch	A
Nordic Blue Chips	Xtrackers MSCI Nordic UCITS ETF 1D	XDN0	MSCI Nordic Countries	0.30%	EUR	XETRA	Physisch	A
Pacific Blue Chips	Shares Core MSCI Pacific ex-Japan UCITS ETF (Acc)	CSPXJ	MSCI Pacific ex-Japan	0.20%	USD	SIX	Physisch	T
Swiss Stocks with High Dividends	iShares Swiss Dividend (CH)	CHDVD	SPI Select Dividend 20	0.15%	CHF	SIX	Physisch	A
Swiss Real Estate	UBS ETF (CH) SXI Real Estate Funds (CHF) A-dis	SRECHA	SXI Real Estate Funds Broad	0.93%	CHF	SIX	Physisch	A
Silver	ZKB Silver ETF AA (CHF)	ZSIL	-	0.60%	CHF	SIX	Physisch	A
Spanish Blue Chips	Xtrackers Spanish Equity UCITS ETF 1C	XESP	Solactive Spain 40 Index	0.30%	EUR	XETRA	Physisch	T
Swiss Blue Chips**	iShares SMI ETF (CH)	CSSMI	SMI	0.35%	CHF	SIX	Physisch	A
Swiss Perfomance Index	iShares Core SPI ETF (CH)	CHSPI	SPI	0.10%	CHF	SIX	Sampling	A
U.S. Stocks with High Dividends	SPDR S&P US Dividend Aristocrats UCITS ETF	UDVD	S&P High Yield Dividend Aristocrats Index	0.35%	USD	London SETS	Physisch	A
U.S. Blue Chips	Vanguard S&P 500 UCITS ETF	VUSD	S&P 500	0.07%	USD	London SETS	Physisch	A
U.S. Financials	Invesco Financials S&P US Select Sector UCITS ETF	XLFS	S&P Select Sector Capped 20% Financials	0.14%	USD	SIX	Swap-basiert	T
U.S. Healthcare	SPDR S&P U.S. Health Care Select Sector UCITS ETF	SXLV	S&P Health Care Select Sector Daily Capped 25/20	0.15%	USD	SIX	Physisch	T
U.S. Materials	Invesco Materials S&P US Select Sector UCITS ETF	XLBS	S&P Select Sector Capped 20% Materials	0.14%	USD	SIX	Swap-basiert	T
U.S. Tech	SPDR S&P U.S. Technology Select Sector UCITS ETF	SXLK	S&P Technology Select Sector Daily Capped 25/20	0.15%	USD	SIX	Physisch	T
U.S. Corporate Bonds	Xtrackers USD Corporate Bond UCITS ETF 1D	XDGU	Bloomberg USD Liquid Investment Grade Corporate	0.12%	USD	SIX	Physisch	A
UK Blue Chips	Vanguard FTSE 100 UCITS ETF Distributing	VUKE	FTSE 100	0.09%	GBP	London SETS	Physisch	A

Around 40 equity ETFs are available to choose from: Instead of well-diversified global or regional ETFs, country-specific products dominate Yuh's ETF investment universe (Source: linked fact sheets of ETF providers in the Yuh app; *Div. = Dividends; A = Distributing; T = Accumulating; **no purchase commissions in the savings plan).

Thanks to this hard work, we have become very familiar with Yuh’s ETF product range. Our Yuh experience has led us to the following conclusions:

• The limited ETF offering of currently 43 products differs first of all in terms of the geographical market. If you filter out the ETFs with a one-sided focus on a specific sector, there are (too) few global and regional ETFs and (too) many country-specific ETFs. (One of the reasons why we do not consider country-specific ETFs to be useful is that they are not geographically diversified enough).
• The majority of the companies included in the index are weighted according to market capitalization, which is common practice.
• In some cases, there are also products that pursue a specific investment strategy such as “high-dividend shares” or “momentum shares” or are limited to specific sectors such as real estate or infrastructure.
• Yuh’s ETF offering is rounded off with two special ETFs for the precious metals “gold” and “silver”.
• The range of product costs (TER) for the ETFs offered by Yuh is relatively wide, ranging from a super-low 0.07% for the S&P500 ETF from Vanguard to an expensive 0.93% for the SXI Real Estate Funds from UBS.

Conclusion on investing with Yuh

General

Due to the linear cost structure and the limited ETF offering, we believe that Yuh is particularly suitable for newcomers to the stock market who want to gain their first experience of securities trading with smaller amounts.

However, Yuh is also likely to appeal to more experienced investors who , in addition to the traditional online broker, would like to save one or two positions in their securities portfolio in regular, smaller tranches, e.g. by means of an automated savings plan. The newly introduced ETFs without purchase commissions are particularly attractively priced in the savings plan.

With our promotional code “YUHSFB” you will receive transaction fees (brokerage fees/commissions/commissions) worth CHF 50 as a gift after you have transferred at least CHF 500 to your Yuh account, which corresponds to an investment amount of CHF 10,000.

Critical appraisal of Yuh’s investment universe

The fact that Yuh limits the selection of equity ETFs to 43 products is absolutely fine with us. Where we do have problems, however, is that country-specific ETFs dominate Yuh’s offering.

Why should rational Swiss investors invest in an Italian ETF, in the German DAX or in a completely overpriced Brazil ETF? Where does it end? Yes, exactly, in a chaotic portfolio with countless country ETFs….

We see global or regional ETFs as the better alternative, as they are easier to use, better established on the market, often cheaper and more broadly diversified.

What we would have liked from Yuh would have been a complete selection of ETFs, so that investors could put together and easily manage a globally diversified and cost-effective equity portfolio with as few ETFs as possible.

Below we have put together a basic selection that we consider to be sensible, always with one accumulating and one distributing ETF (see also our ultra-tough ETF selection in the article “Best ETFs Switzerland and globally: And the Winner is…”).

• 2 global ETFs based on the FTSE All-World or MSCI ACWI indices
• 2 ETFs “Developed World” (industrialized countries), e.g. based on the MSCI World Index
• 2 ETFs “Emerging Markets”, e.g. based on the MSCI Emerging Market Index
• 6 – 8 ETFs covering the industrialized countries of the North America, Europe and Asia-Pacific regions

While a single global ETF is generally sufficient for a global portfolio, the regional ETFs should ideally be combined in such a way that the entire world is also covered. This means that the emerging markets should be supplemented with the industrialized countries (overall with MSCI World or regionally with MSCI Europe, etc.).

Nevertheless, despite all the criticism and lack of understanding, there are attractive ETFs at Yuh that we would invest in or are already invested in: (Note: This is not investment advice.)

• Vanguard FTSE All-World UCITS ETF (VWRD and VWRL): If diversification and simplicity are important to you, this global flagship ETF could be the right choice for you. Yuh offers it in two variants: as VWRD on the London Stock Exchange in USD and since mid-July 2024 also as VWRL on the Swiss Stock Exchange in CHF. The latter is one of our winning ETFs. But it gets even better: if you invest in this ETF regularly using a Yuh savings plan, you pay no purchase commission. In other words, you save the 0.5% commission incurred on each purchase.
• iShares Edge MSCI World Momentum ETF (IWMO): If you’re hoping for an outperformance, you should take a closer look at this broadly diversified factor ETF. (You can find out more about factor-based investing in our article “Is factor investing worth it? The best 5 factor premiums in the yield check”.
• iShares Core SPI ETF (CHSPI): If you want to focus on the domestic market (in addition to your global portfolio) and thus reduce the currency risk, this ETF with the 200 largest Swiss companies by market capitalization could convince you.

– Partner Offer –

In contrast to Yuh, its parent company Swissquote offers Swiss investors a huge range of ETFs, many at a fair fixed price of CHF 9 (click here for our Swissquote experience).

– – – – –

How good is Yuh’s support?

Of course, Yuh does not have any expensive old-school bank branches where you could discuss your concerns at the counter. Yuh does not provide for personal contact. On the other hand, a relaxed “you” culture is upheld.

There are basically three different channels available to you for questions at Yuh:

1. Online help portal: There you will find numerous FAQs, clearly organized by topic. This service is also available via the app.
2. Chatbot: Alternatively, you can also communicate with the digital assistant Yulia in an uncomplicated way. However, your expectations should not be too high. Yulia seemed to us to be overwhelmed relatively quickly (e.g. with the keywords “security” or “dividend distributions”). On really simple topics such as “fees”, however, she really blossoms and delivers useful answers. You can access this automated response service via the app under “Message center” / “Write to us”.
3. Telephone support: The more specific your request, the sooner you will reach your goal with the Yuh support team made of flesh and blood. Our experience: helpful, competent and in Swiss German. The waiting time for our five calls was an acceptable two to five minutes. The telephone helpdesk, which is free of charge for Yuh, can be reached on 044 825 87 89 (Mon. – Fri. / 08:00 – 22:00). The fact that the support is also perceived as inadequate or overloaded, as can be seen in some of the comments below, is probably mainly due to the rapid influx of customers and the incredible success of Yuh.

How does the registration work?

Before you can become a new Yuh customer, you have to register once. The process only takes around 10 minutes and is purely digital. Important: If you want to benefit from the bonus worth 50 CHF Trading Credits, enter our promotional code “YUHSFB” in the “Your promotional code from Yuh” field and not in “Refer a friend” or similar.

The following five steps must be completed when registering with Yuh:

1. Verify your e-mail (via confirmation e-mail from Yuh in your mailbox)
2. Verify identity (using passport or ID; selfie)
3. Sign the contract (using an electronic signature)
4. Proof of residence including entry of the tax identification number (=AHV no.) in the settings under “Tax residence”
5. Make your first deposit (Please note that you can only benefit from the trading credits once you have transferred at least CHF 500 to your new Yuh account).

Positive: Yuh limits itself to the legally required data from you: i.e. no detailed questions about your income and assets, your workload, etc. There is a shortened procedure for Swissquote or PostFinance customers.

The physical Yuh card (Mastercard debit card) and the corresponding PIN code will be sent to you separately by post a few days after registration. Important: Before you can use the card, you must activate it in the app.

How safe is Yuh?

Your cash, whether for payments or savings, is invested with the state-regulated Swissquote Bank and is protected by a deposit guarantee of CHF 100,000 in the event of bankruptcy. So if you are already a Swissquote customer, you would also have to add the corresponding cash and make sure that it does not exceed CHF 100,000 in total.

ETF investments are of course subject to market risk, but are considered special assets and therefore do not fall into the bankruptcy estate.

Biometric authentication with facial recognition or fingerprint offers you effective protection against fraud and unauthorized access to your Yuh account. You can also activate push notifications for your transactions in the settings.

After logging out, you will be granted access to your Yuh account again with the Yuh Key. The Yuh Key is a six-digit number that you define when you open your account.

There is also a four-digit PIN code for your Yuh card. You will receive this separately by post.

Finally, Mastercard and Yuh offer 3-D Secure, a secure procedure for paying online. After confirming your purchase, you authorize the transaction with your smartphone and thus protect yourself against fraud when shopping online. You can activate 3-D Secure in the Yuh app.

Conclusion on safety with Yuh

Apart from the usual market risks that you always take when trading securities, we rate Yuh as a secure Swiss online bank.

What on earth are Swissqoins?

Yuh describes Swissqoin (SWQ) as an innovative crypto token whose value is steadily increasing as Yuh puts money back into it every month.

Your starting balance is 250 SWQ, which was worth exactly CHF 3.74 on 20.9.2023. This means 1 SWQ = 0.01496 CHF. As at 12.1.2025, 1 SWQ already had a value of 0.01781, which corresponds to an increase of 19%.

The more you use the app, the more Swissqoins you earn. You can earn 5 SWQ for trades and 1 SWQ for card payments. Positive: You can sell Swissqoins at any time, which will credit you CHF.

Conclusion on the Swissqoins

Swissqoins are like the Cumulus points from Migros: a nice gimmick that can bring you a small monetary added value. After all. However, the prerequisite for this is that you remain rational and never allow yourself to be tempted into ill-considered transactions because of a few extra SWQ.

Advantages and disadvantages of Yuh

Before we end this Yuh review with a final conclusion, we would like to summarize the most important advantages and disadvantages of this youngest and probably most innovative neobank in Switzerland based on our Yuh experience.

Conclusion of our Yuh experience

For digitally savvy and cost-conscious people who already do a lot of business via their cell phone, Yuh is likely to be very popular for payment transactions.

You also benefit from comparatively high savings interest on your savings deposits without an amount limit.

In contrast, we only recommend investing with Yuh to a limited extent. On the one hand, because the ETF offering is limited and, on the other, because the costs for higher investment sums are too high due to the linear price structure.

Conversely, this also means that if one or two of your favorite ETFs are offered by Yuh and you only want to trade smaller tranches of up to around CHF 1,000, then investing with Yuh should be a very attractive choice. All the more so as our promotional code “YUHSFB” will give you CHF 50 worth of trading fees for free.

Regular investing by means of a convenient savings plan in autopilot mode also speaks for Yuh. Selected ETFs are now available in the savings plan without purchase commissions.

So whether it’s for paying, saving and/or investing, Yuh could be your preferred banking solution.

However, Yuh is definitely also suitable as a supplement to your house bank and your online broker. You can’t really go wrong with such a “double solution”, because Yuh is risk-free in that you don’t incur any ongoing fees for account management and securities custody accounts.

This might also interest you

Updates

2025-01-12: Savings interest and investment universe updated. Note that automatic transfer from “Savings” to “Payments” is not possible. Calculation example with increase in value of a Swissqoin added.

2024-10-14: Yuh investment universe updated and pointed to new, more informative Yuh product overview.

2024-10-03: Interest conditions adjusted.

2024-07-26: Additional chapter incl. visualization about the new Yuh savings plan offer with 6 “free ETFs” added.

2024-07-21: Reference to new Yuh savings plan offer with “free ETFs”.

2024-07-01: Amendment that only savings deposits earn interest added.

2024-06-20: Temporary offer for free currency exchange mentioned.

2024-06-12: Minor adjustments made, including links to suitable third-party articles.

2024-04-23: Referred to the more meaningful ETF names in the Yuh App.

2024-01-09: Registration procedure clarified with an explanation of the conditions under which the bonus of CHF 50 trading credits is activated. Conclusion supplemented with the special feature of Yuh that cash for payment transactions also benefits from savings interest.

2023-11-02: Originally, based on the FAQs at the time, we assumed an active investment approach for Yuh’s 3rd pillar solution. We also criticized the lack of transparency in the relevant investment universe. Both aspects have now been corrected in the article: passive investment approach and product transparency (i.e. the corresponding index funds are linked on the Yuh website).

Disclaimer

Transparency note: The overall package from Yuh convinced us, which is why we have entered into a partnership with Yuh. With the Yuh promotion code “YUHSFB” you can secure trading credits worth CHF 50 and support our blog at the same time. In order to report credibly and realistically at first hand, Toni and Stefan have become new customers of Yuh in the course of this article.

Disclaimer: Investing involves risks of loss. You must decide for yourself whether you want to bear these risks or not.

Errors excepted: We have written this Yuh review based on our Yuh experience to the best of our knowledge and belief. Our aim is to provide you as a private investor with the most objective and meaningful financial information possible. However, if we have made any mistakes, forgotten important aspects and/or are no longer up to date, we would be grateful if you could let us know.