CH · CHF

Switzerland digital banks

Switzerland is where this industry’s graveyard is loudest in 2025–2026: Swiss4, FlowBank, radicant, Coop Finance+. FINMA does not play. The survivors (Alpian, Yuh, neon, Revolut as a foreign EMI passporting in, Swissquote as a bank/broker) are the list that matters. A FINMA banking licence is rare. Securities-dealer and fintech licences are not the same thing. This page is deliberately small.

9Live on NeoBankDB

Regulator

FINMA

Deposit scheme

esisuisse deposit protection up to CHF 100,000 per client per bank

In this market

Licence still sits on the product

Product	Score	HQ	Monthly	FX	Users	Licence
Interactive Brokers	8.6	Greenwich, United States	No inactivity on many accounts	Institutional-grade FX; a reason people open it	3.3M accounts	Broker-dealer / FCM
Wise	8.6	London, United Kingdom	Free personal	Mid-market plus a transparent conversion fee — the category benchmark	16M+	EMI (personal)
Revolut	8.6	London, United Kingdom	Free	Fair-usage weekday mid-market; weekend markup on Standard	50M+	UK bank (eligible customers)
N26	7.8	Berlin, Germany	Free Standard	Free on You/Metal; Standard has a weekend/FX fee schedule	8M+	Credit institution (CRR bank)
bunq	7.7	Amsterdam, Netherlands	Paid plans (Easy Savings / Easy Bank / Easy Green / Easy Money)	Plan-dependent; competitive on higher tiers	15M+	Credit institution
Yuh	7.6	Gland, Switzerland	No fees whenever possible — live list on yuh.com/en/pricing	Read the live Yuh pricing list. Do not copy a directory tariff.	Swiss all-in-one app	Fintech app — not a bank
Zak	7.5	Basel, Switzerland	CHF 0 on Zak. Zak Plus is CHF 8/month.	Visa reference plus about 2% on the Bank Cler factsheet.	Bank Cler digital	Swiss bank (Bank Cler AG)
neon	7.3	Zurich, Switzerland	Zero-fee pitch on neon-free.ch — confirm live extras	Confirm live (travel card is a SKU)	Swiss digital account	Fintech app — deposits at Hypothekarbank Lenzburg AG
Alpian	7.2	Geneva, Switzerland	Private-bank / digital-wealth tariff — not a free current account	Wealth FX, not Wise mid-market	Swiss private-bank scale	Bank (Alpian SA)

Closed in this market

Graveyard

Product	Score	HQ	Monthly	FX	Users	Licence
Kaspar&	5.7	St. Gallen / Zurich, Switzerland	Wealth tariff — confirm live	Not a travel card	Wealth-app	Independent asset manager — Kasparund AG. Not a bank
Coop Finance+	5.1	Switzerland, Switzerland	—	—	Closed	Retail finance app
radicant	6.4	Zurich, Switzerland	Was subscription-based	—	Closed	Bank (via parent stack)
Swiss4	4.2	Switzerland, Switzerland	—	—	Closed	Did not complete as a full retail bank
FlowBank	4.0	Geneva, Switzerland	—	—	Bankrupt	Bank (failed)

Do not open. Full file sits in the graveyard.

Questions

Why did so many Swiss neobanks close?

Tiny home market, expensive compliance, and no room for a fourth app that only does payments. radicant’s clients were steered to Alpian. Treat Swiss digital-bank deposits as a licence question first.

Other markets

Cross-check the scoring weights and the graveyard before you treat a leftover landing page as live.