Finyway LogoFinyway

Overview

Description

Yuh is a Swiss all-in-one mobile finance app created by Swissquote and PostFinance, offering everyday banking, multi-currency accounts, savings, pillar 3a pension, and fractional investing.

General Info

Address
Chemin de la Crétaux 33, 1196 Gland, Switzerland
Phone number
+41 44 825 87 89
Identification number
CHE-342.792.012
CEO
Jan de Schepper
COB
Markus Bürki
Email
info@yuh.com
Full name
Yuh Ltd
Name
Yuh
Website
https://www.yuh.com/en/
Social Media
SWIFT code
SWQBCHZZXXX
Year of foundation
2021

Overview

Features
ATM support, Cryptocurrency exchange, Currency exchange, International Transfers
Supported languages
English, French, German, Italian
Mobile App
iOS, Android
Commissions
Medium-Low
Products
Payment Cards - CashbackCard, Trading accounts
Crypto-Friendly

Risk Acceptance Level
Low risk
AML Tolerance
Low
Account Currency
CAD, CHF, DKK, EUR, GBP, HKD, JPY, NOK, SEK, SGD, USD, AUD, AED
International Transfers
SEPA, SWIFT
Card Networks / Card Schemes
Mastercard
Company Type
Digital Bank
Customer Segment
Individuals
Business focus
Digital Banking, FX
Country of registration
Switzerland
Regulators
FINMA, esisuisse
Authorities
FINMA
License type
Retail and Commercial Banks

Area served

Europe
Austria, France, Germany, Italy, Liechtenstein, Switzerland

Pros & Cons

Pros

  • Instant Virtual Cards. Instant issuance of virtual cards right after opening an account or in just a few clicks

  • Direct Integration with Exchanges. Direct integration or partner gateways with popular crypto exchanges (fast and cheap deposits/withdrawals)

  • Remote Account Opening. Ability to open an account entirely online (including video verification) without visiting a branch. Crucial for non-residents

  • Multi-Currency Accounts. Ability to open and conveniently manage accounts in different currencies within a single dashboard

  • Fast International Transfers. Fast processing of international transfers (SWIFT, SEPA, etc.) with minimal delays

  • Cashback & Rewards. Loyalty program offering high cashback percentages or bonus miles on purchases

  • Crypto-Friendly Policy. Favorable stance on cryptocurrency transactions, with no account freezes for P2P transfers and exchange transactions

  • Zero Account Maintenance Fees. No monthly account maintenance fees (with no hidden conditions)

  • High Savings APY. High interest rates on savings accounts and deposits

Cons

  • High Card Issuance/Delivery Fees. Expensive fees for physical card issuance or delivery (especially international)

  • No Remote Onboarding. Inability to open an account remotely, requiring mandatory personal presence at a bank branch

  • Hidden Fees & Commissions. Presence of non-obvious fees (for bank statements, account inactivity, SMS alerts, etc.)

  • Low Interest Rates on Deposits. Extremely low, near-zero interest rates on deposits and savings accounts

  • Strict Account Minimums. Requirement to maintain a high minimum account balance to avoid penalties or fees

  • Strict Crypto Restrictions. Strict policy regarding cryptocurrencies: account freezes for transactions related to crypto or P2P

  • Expensive International Wire Transfers. High fixed fees or unfavorable exchange rates when sending or receiving international wire transfers