Neon Bank Review 2025: my secondary Swiss bank

I’ve been a highly satisfied fan of neon since I switched to it in January of 2022.

Then, in May 2025, neon had to adjust its pricing policy to remain viable as a company. So I reevaluated my options for Swiss banks and neobanks.

The conclusion for me was to change banks, reluctantly, as I have greatly appreciated neon and its team since their inception.

However, neon free remains my secondary Swiss bank in case of problems or maintenance with my main bank.

For the new Mustachians among you, I want to remind you that you can save money like crazy just by switching from your current institution to a new one.

We are talking about sums of around CHF 4'440 of savings in just over 10 years. And all this just to make the unique effort of changing bank accounts.

neon Bank Review in a Nutshell — by MP

In a Nutshell, below is my neon Bank Switzerland review:

What I love about neon banking services

• The first true neo bank in Switzerland built from scratch with a strong focus on its customers (vs., for instance, CSX from the former traditional bank Credit Suisse which is “just” a product of an existing bank, hence they have less pressure to succeed by addressing key Swiss residents’ needs)
• Built upon their banking partner Hypothekarbank Lenzburg, a secure and trustful bank that protects your bank account up to 100'000 CHF thanks to the Swiss deposit insurance
• Free bank account in Switzerland — for real, with unbeatable conditions: no hidden base fees, low fees international transfers via Wise integration
• The neon app is really easy to use (vs. usability of other digital banks in Switzerland which over-complicate processes like domestic payments with a painful input field for the security code)
• Digital banking platform from the ground up: fully online account creation, bank transfers in total autonomy in their app, high daily transaction limit (CHF 50'000/day!), push notifications, etc.
• Joint accounts and partner credit card (subject to a monthly fee) so that you and your partner can handle common household finances, each with his or her own card

What cons neon could improve?

• Other “Made by neon” financial products like mortgage and pillar 3a to be a one-stop shop bank, vs. relying on partners (that are often not as best and cheap as neon itself is with private banking). This would also enable neon to become the best Swiss bank again by offering all basic banking services free of charge (including no currency exchange rate surcharge when paying with the neon Mastercard payment card abroad in other currencies and a free Swiss joint account)
• No foreign exchange fees with neon free (via the neon Mastercard debit card) so that all my international payments in foreign currencies abroad have a 0% exchange rate spread!
• Cross-border Swiss account, so that border workers can open a neon account — a new feature that’s coming soon according to neon’s roadmap
• The fluidity of the mobile app user interface, similar to what Revolut or Wise do (that’s a detail that only geeks like me will notice, though)

MP’s Recommendation

I recommend neon bank to all Mustachians looking for a secondary backup bank. It’s one of the cheapest and most complete of all Swiss digital banks. Moreover, the neon app is secure both on a technological level as well as financially speaking as it relies on the well-established Hypothekarbank Lenzburg.

From January 2022 to May 2025, neon Bank was my primary Swiss bank account. Mrs. MP and I received our Swiss salaries on it and used their mobile application for our everyday private banking needs.

From now on, it will be our secondary bank, as we have found a better Swiss bank for Mustachians.

My visit to neon HQ

Every time I start using a new finance product, I always try to get behind the scenes to learn about the real motives of its founders.

neon was no different.

I even visited them before I switched entirely from Zak to neon.

My goal was to understand if they had created this Swiss neo-bank to sell it in the short term for maximum profit, or if it was more of a long-term project as I like them, to solve one of their own problems — i.e. traditional banks with too expensive fees to fund their Porsches with unjustified bonuses.

Thanks to the blog, I got in contact with one of neon’s co-founders (namely Julius Kirscheneder, who takes care of neon’s marketing — rather than their CEO Jörg Sandrock who I imagined would be even busier!) to see if I could visit them in Zurich for an informal chat.

Julius Kirscheneder, one of neon's co-founders (and a reader of the Mustachian Post blog ;))

To my surprise, Julius was a reader of the blog!

He gladly accepted my request.

So I found myself in the ICN for Zürich on a Friday afternoon in December 2019.

I had a few questions about their roadmap (what about the joint account or the cross-border account), but mostly I wanted to feel the feeling and the atmosphere of this Swiss neo-bank.

My first impression upon arrival was positive, as their building was just like them: efficient and without frills. No big glass tower or boardroom to talk in the wind.

My visit to the headquarters of the Swiss bank neon (Zürich)

After greeting Julius, he introduced me to his team as the “famous” MP blogger. I am very discreet and don’t do this for fame, so I was a bit embarrassed because I am not used to it. But I admit that it’s nice to see who are those real people who read me behind these screens ^^

Anyway, we spent almost an hour and a half talking about future features of the neon application, my blog and how I got there, and other topics like our kids and their education about money.

This visit confirmed to me that the neon team was there as a challenger bank to change the Swiss private banking landscape in the long term.

My love story with neon

Quick flashback to 2013.

My finances were not optimized at all.

Our only way to make a budget was to look at our private account balance on the e-banking of our beloved, well-marketed bank.

Then, at the end of 2014, I took the time to simplify our Swiss bank accounts by combining all of our various Swiss accounts at one cantonal bank (the Banque Cantonale Vaudoise to be precise, aka BCV for those in the know).

This simple change at the time had already allowed us to save 300 CHF per year, all while preserving the same level of customer service and functionality.

MP and the customer counter of neon free and neon green :)

It is only in 2018 that the first low-fee neo-banks arrived in Switzerland. With, for the first time, completely free account management.

I hesitated for a long time between neon and Zak at that time. And I ended up choosing Zak for two main reasons:

1. The most important reason was that Zak offered a Maestro card that allowed us to: make free ATM withdrawals in Switzerland, and to be able to pay at certain merchants who only accept this means of payment in the Swiss countryside
2. The second reason was more emotional: Zak was a product of the Bank Cler, which is well established. And so it was reassuring to know that I could talk to someone in real life in case my mobile banking app was not accessible — especially since this bank account was where we received our salaries and with which we were going to make all our daily transactions (bill payments, deposit cash, free cash withdrawals, etc.)

During those years with Zak, I was still eyeing neon because they already had eBill functionality, while Bank Cler was facing technical and internal prioritization challenges.

The neon's team behind the neon mobile app

Also, neon seemed much more aligned with what I was looking for: one of the cheapest banks out there AND independent of any big slow institution.

As time went on, I became more and more comfortable with the idea of choosing a bank without a street address — knowing that I had only been to a Bank Cler branch once before.

It wasn’t until 2022 that things changed at the MPs, with the announcement of the end of the Maestro card in Switzerland in favor of the debit card at all Swiss banks.

So that’s how neon has become my main bank from January 2022 for all our daily operations.

Then, in May 2025, neon had to implement changes to its Swiss bank account offering in order to remain profitable as a business. So I decided to switch to Bank WIR (and their Bankpaket top) and keep my neon bank account (the “free” plan) as a secondary bank.

Why neon Bank is one of the best Swiss bank for Mustachians?

Neon Bank is one of the cheapest banks for the everyday banking needs of Swiss residents (as long as you don’t need to make payments in foreign currencies). From the neon app for managing your main account independently to free basic fees, neon gets the job done — securely, thanks to its partner bank, Hypothekarbank Lenzburg.

Concretely, below are the criteria against which I judge what is the best frugal bank for a Mustachian. It needs to fulfill those requirements:

Thanks to its neon mobile app, neon credit card, and digital banking platform built by the Hypothekarbank Lenzburg (that has the Swiss banking license), neon ticks all the boxes except:

• “ATM withdrawals subject to a fee”
• “Exchange rate surcharge of 0.35% per foreign currency transaction (card)”
• “No dedicated TWINT app” — you therefore have to use TWINT prepaid, which is really not very practical…
• “The neon duo joint account is subject to a fee”

Similarly, a special note about “Free ATM withdrawals”: you need to use the Sonect app to be free of any fees (you find detailed info about Sonect on the neon website here).

In summary, neon is my second Swiss banking solution.

I specify here that I’m a user of the neon free offering (and not of the neon plus, the neon green or the neon metal). You can find more information about this choice in the FAQ section below.

PS: Zak also has a painful payment daily limit of 5'000 CHF (and 25'000 CHF per week), while neon’s payment daily limit is 50'000 CHF! Even though it’s not every day that I need to wire such amounts, it proved much more user-friendly with neon — rather than via the Zak daily limit workaround documented in this article.

neon User Reviews

Like any good self-respecting Mustachian, I’m like you, I want to have several opinions when I have to choose something as important as where my salary and other savings are stored.

So I’ll make it easier for you by putting together some neon bank review screenshots (from November 2024).

Average ratings neon mobile application on app stores

First, below are the average ratings of the neon mobile app reviews on the iOS and Android app stores:

Average ratings of the neon mobile application reviews on the Apple AppStore

Average ratings of the neon mobile application reviews on the Google Play Store

Comments about neon mobile app on app stores

And here are some public comments from neon users on the Apple AppStore and Google Play Store (most are positive reviews at the time of writing):

Comments about neon on iOS

An example of a comment about neon on Android

You can also use these links to view the most recent ratings of the neon iOS app and of the neon Android app.

Alternatives to neon — and how it compares

Zak vs neon

neon and Zak are two of the best mobile banks for us Swiss Mustachians. As a secondary Swiss bank (a backup plan in case my primary bank is unavailable for hours or days — which hasn’t happened in years), neon and Zak are tied.

I personally chose neon as my secondary bank because I really like their independence and willingness to shake up the banking status quo in Switzerland.

Zak vs neon

neon is overall a better solution than Zak because neon’s independence forces them to fully focus on their neon customers. Zak is responding to Bank Cler, and I feel they have less pressure than neon to satisfy their customers, as it’s Bank Cler who steers the boat, and not the Zak team and its customers’ needs.

For example, neon offers Wise integration in its mobile app to provide you with a cheap way to make international money transfers.

Another example of neon’s greater customer focus compared to Zak is that the neon website and smartphone app are fully available in English for expats (in addition to the usual trio of German, French, and Italian).

Finally, neon offers a joint account (neon duo, paid extension), while Zak does not.

On the other hand, Zak has some significant advantages:

• Free and unlimited withdrawals in Switzerland at Cler bank ATMs (with the Zak VISA debit card)
• Cash deposits possible at Cler bank ATMs
• Dedicated TWINT mobile app, rather than having to use TWINT Prepaid (which is not practical at all) with neon
• Cler bank branches may reassure some people

neon vs Revolut

Revolut isn’t a Swiss bank. It doesn’t have a full-fledged banking license — not in Switzerland, nor anywhere else. It is only an e-money institution (aka fintech). This forces them to hold your money at a third-party UK bank. neon is different, as it relies on the Hypothekarbank Lenzburg, which has a Swiss banking license.

neon vs Revolut

This makes it hard for me to compare Revolut vs. neon, as it’s a bit like comparing an apple to an orange. For instance, forget about paying a Swiss eBill with Revolut. With neon, you can pay eBills. Likewise, not all employers will agree to pay you your salary into a shared Swiss IBAN (which Revolut offers instead of a Swiss IBAN in your name), where you have to specify your account number in the information for the recipient (at the risk of having the payment rejected).

As for the Revolut card, it’s one of the cheapest ways to handle any foreign currency and payments abroad. Compared to neon, where you have to pay CHF 2/month to receive foreign currency payments at a low rate regardless of the day. But, Revolut is more expensive with those abroad payments during the weekend.

neon card fees abroad compared to Revolut fees

I was myself using Revolut so far to quickly exchange currencies, and then transfer money to someone in the changed currency. It was a bit more expensive than Wise (or neon via Wise), but it was handy. I could load Swiss francs from any of my Swiss credit cards for free — while it had fees with Wise. And then I would exchange currencies at a cheap rate in the Revolut app.

The problem is that Revolut has now introduced top-up fees when you load money via a Swiss credit card…

So all in all, I don’t use Revolut anymore. Instead, I use my Bank WIR card for this; it’s the best for banking, currency exchange and payments.

neon vs Yuh

Yuh is another Swiss bank that is digital-only. Like neon, Yuh relies on a third-party bank (Swissquote) for its banking infrastructure. Swissquote is FINMA-regulated and has a Swiss banking license, hence your money is protected up to 100'000 CHF. Yuh competes well with neon with its no base fee account. However, Yuh’s exchange fees are high at 0.95% (of the transaction amount) compared to 0.35% for neon (“free” plan).

neon vs Yuh

Bonus point for Yuh: you are entitled to four ATM withdrawals per month (maximum CHF 10'000 per month and CHF 1'000 per day). Yuh also offers a dedicated TWINT mobile app (not Prepaid).

On top of banking service, Yuh also plays in the investment banking realm. But idem, their fees there are too expensive compared to other investment alternatives available to Swiss Mustachians.

I feel Yuh is too diversified in initiatives (banking, other currencies, investing, crypto), and not enough optimal in any of those.

For my banking and payment needs, Yuh is equivalent to neon’s “free” plan if you are looking for a secondary Swiss bank (with which you do not make foreign currency payments).

ZKB vs neon

Zürcher Kantonalbank has been offering a free bank account for several years now. This is the “ZKB Banking” package, which also includes a debit card without annual fees, as well as a dedicated TWINT app and the usual e-banking platforms. However, foreign exchange transaction fees are high (1.25%) compared to neon (0.35%).

neon vs ZKB Banking

Also, a big negative for some Swiss: ZKB Banking is only available in German (vs. four languages for neon: French, English, German, and Italian).

If Swiss German holds no secrets for you, then neon free and ZKB are equivalent if you are looking for a secondary backup bank account.

neon vs Bank WIR (“Top banking package”)

Bank WIR has launched its “Top banking package” in 2024. This offer became a serious alternative to neon, with its free private account, free debit card, 0% commission for payments in foreign currencies, as well as no exchange rate surcharge.

neon vs Bank WIR

When neon changed its pricing plans in May 2025, the Bankpaket top became the new best Swiss bank for Mustachian.

The only thing I miss with Bank WIR is the integration of Wise directly into their app. So my alternative is to use Wise directly, but it’s less convenient.

neon vs N26

N26 is a fully licensed and entirely digital bank. It’s based in Germany, and protects its customers’ money up to 100'000€ via the German Deposit Protection scheme. Their N26 Standard account is free and comes with a virtual Debit Mastercard. The problem is that the N26 account is in euros (EUR), and has a German IBAN.

neon vs N26

Due to the N26 Swiss IBAN still not being available, you can’t deposit your salary in CHF in the N26 bank account. Idem, no QR-bill payment is possible with N26.

Hence I don’t spend more time comparing N26 features to neon, as the latter clearly beats it with its true Swiss mobile banking solution.

I will update this section as soon as N26 offers CH IBANs.

In the meantime, it’s cool to see a Swiss digital bank manage to keep the competitive edge over its foreign competitors!

neon vs FlowBank

FlowBank went bankrupt in June 2024. No need to say more ;)

neon vs FlowBank

FlowBank focused on the trading section of their offering (which was itself not the best on the market…). So it was obvious that neon was better than FlowBank for your banking needs.

neon Bank vs Migros Bank

Migros Bank is a traditional bank and one of the cheapest in Switzerland, offering completely free account management. It is an “official bank” with a strong presence and branches. It also offers free domestic payments and transfers, as well as a dedicated TWINT mobile app.

Banque neon vs banque Migros

Another bonus point for Migros Bank: it offers a joint account free of charge (compared to neon duo, which costs CHF 6/month).

Since May 2025 (and the new neon fees), I find Migros Bank better than neon (free), especially as a secondary bank.

neon or Alpian

Alpian is a new online private bank. It also offers investment services. However, premium banking also means premium fees. You’ll have to pay a minimum 0.75% investment mandate fee, as well as other quarterly fees if you have less than CHF 50'000 stored and invested with them.

neon or Alpian

Alpian does not offer free physical cards (only virtual cards are free). More inconveniently, Alpian does not yet offer eBill support.

For my part, I separate my banking activities from my investment activities to have the best in each category. So I find Neon better in many ways compared to Alpian.

Open a neon account in 10 minutes

It’s so straightforward to open an account at neon that it doesn’t require me to provide you with detailed how-to screenshots.

As neon states on its website: “It only takes 10 minutes to create your neon free account.”

The entire 4-steps process is digitalized through the neon app:

1. Download the neon app (iOS AppStore, Android Google Play Store, Huawei AppGallery)
2. Let the app guide you in entering your personal details
3. Confirm your identity (via taking a picture of your ID, or via a short video call)
4. Define your login code, and… you’re done!

Frequently Asked Questions about neon bank account

Security

Who runs neon?

The neon bank was founded by four co-founders in 2018: Jörg Sandrock, Simon Youssef, Julius Kirscheneder and Michael Noorlander. They saw an opportunity to shake up the aging Swiss banking industry with a mobile banking offering.

I had the unique opportunity to interview Jörg Sandrock, one of the co-founders and current CEO. Exclusively for MP blog readers, the video is available here.

Interview with neon CEO and co-founder, Jörg Sandrock

Is neon a safe bank?

Yes, neon is safe as it’s relying on the banking infrastructure and back office of the Hypothekarbank Lenzburg which possesses the Swiss banking license. This makes your neon account balances protected up to 100'000 CHF thanks to Swiss deposit insurance.

Is neon a Bank?

Nope, neon is technically not a bank as it doesn’t have a banking license. It relies on its banking partner Hypothekarbank Lenzburg (which has a Swiss banking license) to be overall a viable banking solution for Swiss citizens. neon Bank provides an easy-to-use interface for neon customers, where all the boring FINMA compliance stuff is handled by Hypothekarbank Lenzburg.

neon accounts’ type

What is neon free?

neon free is the initial digital day-to-day account with zero base fees that neon announced back in 2018. The funding team was composed of Jörg Sandrock, Julius Kirscheneder, Simon Youssef, and Michael Noorlander. They wanted to fix their own problem as Swiss citizens: get a banking solution that is ultra-low cost, clear to understand, and simple to use. And safe as a Swiss bank, obviously. And by focusing on real issues, their team managed to release an excellent bank with neon.

Key information summary of the 'neon free' account

As said at the beginning of this article, I use the neon free account as my secondary bank account.

What is neon plus?

neon plus is the new pricing plan introduced by neon in May 2025. This offer, priced at CHF 2 per month, allows you to remove the exchange rate surcharges on your foreign currency payments. In addition, the neon “plus” plan gives you two free ATM withdrawals per month at any ATM in Switzerland, as well as a three-year warranty on your electronic devices.

It was this particular change that made me switch banks. I don’t personally use neon plus.

Summary of key information about the 'neon plus' account

What is neon global?

neon global is the second new price plan introduced by neon in May 2025. It costs 8 CHF per month. In addition to the options included in the neon “plus” plan, this paid plan offers you additional protection for your online purchases and travel insurance. The neon “global” plan also allows you to make three free withdrawals per month from any ATM in Switzerland.

Summary of key information for the 'neon global' account

Finally, you get an additional 3-year warranty on all your purchases (not just electronics, as is the case with neon plus).

This package contains far too many unnecessary items for a Swiss Mustachian. I don’t use it either.

What is neon metal?

neon metal is the high-end version of the neon free account. It costs 15 CHF per month. Aside from the show-off neon metal card, it provides phone damage protection, and other insurance packages (best price guarantee, cyber, travel). Also, it allows free cash withdrawals worldwide (but limited to 5 per month in Switzerland 🧐).

Key information summary of the 'neon metal' account

I don’t see any use for the neon metal account for us Mustachians. Except if you are traveling a lot AND in need of cash in different countries each time. Else you could just open local bank accounts.

Also, if it’s the insurance parts (phone damage protection, ticket insurance, or warranty on electronic devices) that you like, I would first consider being more careful (!) as well as insuring yourself with a “Self-insurance fund” category in your budget.

I then would advise you to check other insurances available for this kind of accident to compare prices in case you really (really?) want to be covered.

And clearly, I don’t see any of us Swiss Mustachians switching only to satisfy our ego with the neon metal card — as it’s way too expensive ;)

All these reasons push me to not recommend you switch to a neon metal account.

What is neon green extension?

neon green is the CO2-compensated version of the neon free account. It costs 5 CHF per month and comes with a sustainable wooden card. The neon green system plants a tree for every 500 CHF spent with your neon green card, to offset your CO2 consumption. Also, neon green users are entitled to an extension of warranty of 3 years on any of your electronic devices.

'neon green' account offer

neon green and its neon green card’s compensation system are a great initiative to make the world a better place, I won’t argue about this. It helps bring more awareness to the topic.

But as you guys know me, I’m also a Minimalist on top of a Mustachian. And I like the idea that the best way to not emit CO2 with your purchases is to not purchase them in the first place!

Also, I prefer to use my way of compensating for my CO2 emissions, as neon is not the only credit card that I use.

This is mostly why I don’t use the neon green account and its wooden Green card.

What accounts does neon offer?

neon offers accounts for different profiles. Sometimes, a picture is worth a thousand words (MP’s choice is the neon free account 🏦 for our Swiss backup bank):

Overview of all neon accounts with their features and benefits

neon account opening eligibility requirements

You must satisfy these pre-requisites for an account opening neon:

• Be over 16
• Have a Swiss domicile (i.e. must be living in Switzerland)
• Be a Swiss tax resident exclusively
• Possess a Swiss ID or passport, OR a valid ID from one of these countries (in combination with a B or C foreigner’s permit)
• Oh yeah, and obviously, you better have an internet connection :D

Does neon propose a joint account?

Yes! Neon offers a joint account, which is the first to be entirely digital. The neon joint account is called “neon duo”. You’ll find all the information you need about neon duo on this link.

Between October 2024 and May 2025, Mrs MP and I have chosen this solution rather than a single account (in one of our two names), for various reasons that I detail in this article on neon duo.

Simplicity is still the name of the game, with the same functionalities as the standard neon account, including CSV export for tracking our expenses in YNAB.

However, this neon duo account costs CHF 6 per month (CHF 3 per month per partner). As of May 2025, we have therefore decided to switch to another better Swiss bank for our joint account.

neon fees (incl. transfer money)

Is neon entirely free?

For your daily banking, yes, neon free is entirely free. No base fees as other classical banks have, or unjustified additional card fees (except for foreign currencies, where you will be charged 0.35% of the amount of each transaction). Also, all bank transfers in Switzerland are free of charge, as well as domestic payments in CHF.

Nevertheless, neon has some fees — and they are transparent about them — because they still are a company that needs money to live.

Below are the fees that apply to the neon free account (MP’s choice).

neon fees in Switzerland 🇨🇭:

• The first Debit Mastercard from neon costs 20 CHF upfront (for the plastic) — but you get it for free (i.e. 20 CHF of credit) if you use the blog’s code “neonMustachian” during the registration process
• In case you lose your neon free payment card, neon charges 20 CHF for a replacement card
• You will be charged a withdrawal fee of CHF 2 for each withdrawal from an ATM in Switzerland

neon fees abroad ✈️:

• When you make foreign currencies card payments abroad with your neon payment card, the Mastercard mid-exchange rate is applied — with an interbank rate surcharge of 0.35% of the transaction amount
• Withdrawal abroad at ATMs will cost you a 1.5% fee on your withdrawal amount
• International transfers are done via Wise to send money to another country, and neon charges for this a convenience fee between 0.8-1.7% depending on the amount and currency

You find a detailed overview of neon’s services and pricing in this PDF document on neon’s website.

neon mobile application

Can I view my neon Mastercard details in the neon app?

Yes, you can view your card number, expiry date, and security code (aka CVC code), as well as your neon card PIN in the neon mobile application. That’s quite handy when you look for them for online purchases for instance.

Daily usage (incl. salary questions)

Should I use neon for my everyday banking needs?

neon Bank is one of the best banks in Switzerland if you’re a Mustachian and you’re ready to switch to a digital bank. Its cheapest account, neon free, allows you to save a lot on bank fees. These savings can then be invested in having babies — for you, not for your banker’s bonus!

I therefore recommend it as a secondary backup bank for your Swiss bank account.

Can I receive a salary on neon?

Yes, you can. neon provides you with a Swiss IBAN (i.e. CH IBAN). It allows you to receive your salary in CHF.

Unlike N26, for example, which only offers you a German IBAN on which Swiss employers (and you too because of the CHF-EUR fluctuating exchange rate!) are often not OK to pay your salary (because it is a foreign IBAN).

Here is image proof of Mrs. Mp and me receiving our Swiss salaries on the neon app (before May 2025):

Our Swiss salaries in CHF received on our neon account

Should I deposit my salary in my neon account?

Well, at least I do! And if you hesitate, I would ask you: “What’s at risk?” neon is certainly an independent account app provider, and as it only exists since 2018, it could be worrying. But remember: they rely on the secure Swiss Hypothekarbank Lenzburg where your money is protected up to 100'000 CHF thanks to the Swiss deposit insurance.

Conclusion neon review

neon is an excellent financial institution — one of the best digital banks for a secondary bank account, for us Swiss Mustachians.

It had been my main bank since January 2022. And now it’s our backup bank since May 2025.

As they are independent (i.e. no major bank is a shareholder of neon), their focus is entirely on satisfying their neon customers above anything else.

neon top bank (certificate from SonntagsZeitung and Statista)

The small number of negative reviews I could find are mostly about the missing joint account (UPDATE: it exists now, see my article about neon duo!) and cross-border account. Hopefully, that will come soon (2025? 🤞).

The other point mentioned sometimes is their mobile app that doesn’t feel as fluid enough as other digital banks like Revolut or Wise. I agree with this last point, but the neon app does the job and if they take such shortcuts to remain the cheapest option, I’m fine with it.

So voilà, in one sentence: neon is the MP’s secondary Swiss bank choice. I recommend it as such to my family and friends, and hence to you too, dear reader.