Chapter 3 — How to deposit money into my Saxo Bank account?

Now that you’ve successfully opened your Saxo Bank account, it’s time to transfer money to it for subsequent investment.

Having tested several online brokers, I didn’t expect it to be so simple with this Swiss broker.

Email received after opening a Saxo account

A few hours after opening your Saxo Bank account, you’ll receive this email encouraging you to transfer money to your trading platform:

Email after opening Saxo account to inform me that I can deposit funds

We’ll see in the next chapter which Saxo platform to choose, but here’s already a spoiler, because I’m asking you to click on “Deposit funds on SaxoInvestor”..

Deposit funds on SaxoInvestor

By clicking on the link in your e-mail, you’ll be taken directly to your Saxo broker’s login page:

Enter your Saxo Bank login details

Once connected to your Saxo trading platform, click on “Deposit”:

Click on 'Deposit'

Then click on 'Deposit funds'

Then scan the QR code with your online bank

I personally paid CHF 120 into my Saxo Bank account the first time. Why did you do this? Because my favorite VT ETF was worth around CHF 95, and taking Saxo’s transaction fees into account, that left me a bit of leeway to stay in the black after my first ETF purchase.

Note: If you still haven’t found the best online bank in Switzerland, I recommend you read my comparison of the best Swiss banks here.

Confirmation of receipt of funds in your Saxo account

A few hours after making your first transfer of Swiss francs to your Saxo account, you’ll receive an email:

Confirmation that your funds have been received in your Saxo brokerage account

Let’s click on “SaxoInvestor Login” to check that our CHF have arrived safely.

And as soon as we’re connected to Saxo, we’ll see this reassuring notification:

Saxo notification confirming your cash transfer

And if you close this notification, you’ll also see the total value (1), which accurately reflects the amount of Swiss francs I’ve just transferred:

Click on the link 'View account' (2)

And here are the three proofs that your funds have arrived on your Saxo account:

You can see in these three places that your cash has been transferred to Saxo Bank

Next step: I explain my choice of Saxo platform

I’ve spoiled the information a little in this article, but we’ll take the time to understand and choose our Saxo platform with full knowledge of the facts.