Investing in stocks and ETFs does not necessarily require a conventional stockbroker. Some Swiss neobanks also let you buy and sell securities. In this guide, moneyland.ch explains the investment services from neobanks, and tells you who can benefit from them.
Investing in securities like stocks and exchange-traded funds (ETFs) has become mainstream. In addition to conventional banks and stockbrokers, neobanks have also begun to include securities brokerage in their list of services. This moneyland.ch guide tells you what to pay attention to when using neobanks to invest.
What is a neobank?
A neobank is a bank that only offers its services on the Internet via a web portal and mobile app. That sets neobanks apart from conventional banks, which also offer in-person banking at branch offices in addition to online and mobile banking.
Several neobanks have become established in Switzerland in recent years, with their user-friendly interfaces and low fees being a key driver of consumer adoption. The moneyland.ch guide to neobanks provides detailed information and a comparison of different service providers.
Which neobanks offer stock brokerage services?
These Swiss neobanks let you buy, hold, and sell securities:
Trading or asset management?
The Swiss neobank Alpian also provides securities investment services. But unlike the neobanks listed above, you cannot trade individual securities. Instead, you choose an entire investment portfolio based on your risk profile. So the investment service from Alpian is an online asset management service or robo advisor. Neon, Yuh, and Zak, on the other hand, let you trade individual stocks, ETFs, and some other assets.
Are there differences between the various neobanks?
The investment services from Neon, Yuh, and Zak differ from each other in terms of which securities you can invest in. Zak offers a fairly broad palette of securities with over 12,000 stocks, ETFs and mutual funds to choose from. Neon and Yuh, on the other hand, have much more limited selections that only include several hundred titles. The best-known Swiss stocks and ETFs are generally well covered. The most important stock indexes are generally represented, though the selection is often limited to just one ETF per index.
Zak also offers a wider range of services than Yuh and Neon. With Zak, you can choose between different stock exchanges, whereas this is not possible with Neon and Yuh. Zak also offers you the opportunity to register as a shareholder in the share register, allowing you to participate in general meetings and exercise your voting rights. Another unique feature is that Zak customers can receive personal advice at Bank Cler branches.
While Zak has the widest selection of securities and range of services, it is more expensive than Neon and Yuh. In addition to being the only one of the three to charge custody fees (0.25 percent per year), its minimum brokerage fee is also higher. The result is that Neon and Yuh are more affordable for many small investors.
It is worth noting that Zak also offers a premium Zak Plus package in addition to its standard package. The minimum brokerage fee of the premium account is half as high as that of the standard account. But Zak Plus has a package fee of 8 francs per month.
To show you how costs differ, moneyland.ch compared the neobank trading offers for four different investor profiles based on an investment term of one year. Yug takes first place across all four profiles, as shown in the graph below. However, it is important to understand that your actual costs depend on your personal investment profile. Depending on how you invest, it is possible that a different neobank could be cheaper for you.
Do neobanks offer investment-based savings plans?
Yuh and Neon – but not Zak – give you the option of using a savings plan to invest in securities. A savings plan lets you automatically invest your money at regular intervals. You do not pay an additional fee above the normal brokerage fees. For a small selection of securities, even the brokerage fees are waived when you invest in them as part of a savings plan, which makes the savings plans from Yuh and Neon quite attractive.
How are neobank investment services different from conventional stockbrokers?
Ob Smartphone-Bank, traditionelle Bank oder klassischer Broker: All diese Dienstleister ermöglichen Ihnen die Anlage in Wertschriften. Allerdings bestehen einige Unterschiede:
Neobank, conventional banks, and stockbrokers all help you invest in securities. But there are a number of important differences:
What are the advantages of using neobanks to invest?
Simplicity is the biggest advantage. You can begin investing using the same mobile app that you also use for your other banking. Typically, the apps from neobanks have separate areas for transactions, savings, and investing.
The way that fees are structured, with low minimum brokerage fees, is an advantage if you only invest a small amount of money per trade. Additionally, Yuh and Neon do not charge custody fees. These features make neobanks a suitable option for small investors and people who only invest occasionally.
Investment services from foreign neobanks
In addition to Swiss neobanks, there are also foreign neobanks that can be used to invest in securities. The British neobank Revolut is one example. You should be aware, though, that Revolut does not have a Swiss banking license and is not supervised by Swiss financial authority Finma (as per January 2026).
What are the disadvantages of investing with neobanks?
The limited choice of assets is the obvious disadvantage. That is particularly true for Neon and Yuh. The selection primarily includes standard titles. If you want to invest in less-widely-traded stocks or in other asset classes like bonds, neobanks will likely be a poor fit. The range of trading services offered is also small.
You should also be aware that neobanks are not necessarily the most affordable solution for your investment needs. If you invest larger amounts and make bigger trades, then using a conventional stockbroker can work out cheaper.
Who can benefit from using neobanks to invest?
A neobank may be the right trading and investment solution for you if:
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