Overview
Description
Neon is an independent Swiss mobile banking app offering fee-free everyday accounts, a Mastercard, and investment features, operating in partnership with Hypothekarbank Lenzburg for secure deposit holding.
General Info
Overview
Products
Features
Area served
Pros & Cons
Pros
Instant Virtual Cards. Instant issuance of virtual cards right after opening an account or in just a few clicks
Multi-Currency Accounts. Ability to open and conveniently manage accounts in different currencies within a single dashboard
Extensive ATM Network. Large network of in-network or partner ATMs with free cash withdrawals
High Savings APY. High interest rates on savings accounts and deposits
Cons
Hidden Fees & Commissions. Presence of non-obvious fees (for bank statements, account inactivity, SMS alerts, etc.)
Slow Customer Support Response. Slow customer support service, long response times in chats, or extended waiting times on the line
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
High Out-of-Network Fees. High fees for cash withdrawals at out-of-network ATMs or abroad
