Migros Bank Private Account Free25

Youth private account
Visa Free credit card included

General information:

Youth private account of Migros Bank (account for two people possible).
Maximum 2 accounts per customer.
The account is opened by the young person or young adult and is in their name.
The silent consent of parents is assumed for persons under the age of 18.

Age:

For individuals between 12 and 25 years of age.

Account type:

Youth Account

Currency:

CHF

Interest rate:

Up to CHF 25,000: 0.1% per year.
From CHF 25,000: 0% per year.

Withdrawals:

There is no withdrawal limit.

Account opening:

The account opening is free of charge.

Account management:

The account management is free of charge.

Closing of account:

The closing of account is free of charge.

Termination of banking relationship:

The termination of the banking relationship is free of charge.

Annual account closure:

The annual account closure is free of charge.

Statements of account:

The monthly statements of account by mail are subject to charges.

Incoming payment:

Incoming payment in CHF are free of charge.

Outgoing payment (Switzerland):

Electronic payment orders in CHF are free of charge.

SEPA payment:

Fee of CHF 0.30 per electronic SEPA payment order in EUR.

Non-SEPA payment (abroad):

Fee of CHF 5.00 per electronic non-SEPA payment order in foreign currency.

Direct debit (LSV) Switzerland:

Electronic payment orders by direct debit (LSV) within Switzerland are free of charge.

Standing order Switzerland:

Electronic standing orders in CHF within Switzerland are free charge.

Annual fee debit card:

Debit card: There is no annual fee to pay.

Purchase Switzerland:

Debit card: Purchases in Switzerland in CHF are free of charge.

Purchase abroad:

Debit card: For purchases in foreign currencies, there is a fee of CHF 1.50.

Cash withdrawal Switzerland:

Cash withdrawal at ATMs of other banks in CHF: free of charge up to 12 withdrawals per year. Above 12 withdrawals per year: CHF 2 per withdrawal.
Cash withdrawals from Migros companies are free of charge (for example Migros, Denner, CHF only).
Cash withdrawals from Sonect partners, with Migros Bank Twint: up to CHF 100 (CHF 1.50), over CHF 100 (CHF 2).

Cash withdrawal abroad:

Debit card:
Per cash withdrawal abroad, there is a fee of CHF 5.00.

Special services:

Visa Debit, Mobile banking, Online banking