Swissquote, popular for its trading services, has moved towards becoming a digital bank with the launch of two daily banking packages, ‘Bright’ and ‘Light’, the company announced today (Thursday).
Both packages include comprehensive daily banking services, along with a multi-currency and crypto-friendly debit card, issued by Mastercard. The Swiss company further highlighted the wide range of payment options supported by its banking packages and a cashback offer.
“Our new banking and debit card packages cater to a specific demand that many of our customers have expressed strongly: the need for a multi-currency, crypto-friendly, and fully digital solution,” said Jan De Schepper, Chief Sales and Marketing Officer at Swissquote.
“They combine the most requested payment features with our innovative Trading Credit cashback program. Payments are as secure as always, but now also physical-wallet-free, no matter where or when.”
A Two-Tier Offering
As explained by Swissquote, ‘Bright’ offers the “most complete banking package” with a physical and digital debit card. However, users need to pay a monthly fee of CHF 6.9 after the first six months of free services to avail of this package.
‘Light’, on the other hand, is the free option, offering only a virtual debit card, although customers will have access to all digital banking services.
Other services being offered under ‘Bright’ are free transactions with 13 currencies and five free ATM withdrawals every month. Further, the Mastercard debit card can also make payments in Bitcoin , Ethereum , and Ripple, with Swissquote’s plans to add more cryptocurrencies.
Upon spending, Swissquote’s digital banking users will receive Trading Credits, which can later be used to engage in trading at reduced cost. The Trading Credits vary with account tier: 0.5 percent with regular card payments and 1 percent for ‘Bright’, while ‘Light’ users will receive 0.25 percent with regular card payments and 0.5 percent with crypto payments.
Recently, Swissquote announced the promotion of its General Manager, Nestor Verrier, to the role of Chief Operating Officer, effective from January 1, 2024. He will replace Lino Finini, a long-time executive in the company, who is going to retire.
Swissquote, popular for its trading services, has moved towards becoming a digital bank with the launch of two daily banking packages, ‘Bright’ and ‘Light’, the company announced today (Thursday).
Both packages include comprehensive daily banking services, along with a multi-currency and crypto-friendly debit card, issued by Mastercard. The Swiss company further highlighted the wide range of payment options supported by its banking packages and a cashback offer.
“Our new banking and debit card packages cater to a specific demand that many of our customers have expressed strongly: the need for a multi-currency, crypto-friendly, and fully digital solution,” said Jan De Schepper, Chief Sales and Marketing Officer at Swissquote.
“They combine the most requested payment features with our innovative Trading Credit cashback program. Payments are as secure as always, but now also physical-wallet-free, no matter where or when.”
A Two-Tier Offering
As explained by Swissquote, ‘Bright’ offers the “most complete banking package” with a physical and digital debit card. However, users need to pay a monthly fee of CHF 6.9 after the first six months of free services to avail of this package.
‘Light’, on the other hand, is the free option, offering only a virtual debit card, although customers will have access to all digital banking services.
Other services being offered under ‘Bright’ are free transactions with 13 currencies and five free ATM withdrawals every month. Further, the Mastercard debit card can also make payments in Bitcoin , Ethereum , and Ripple, with Swissquote’s plans to add more cryptocurrencies.
Upon spending, Swissquote’s digital banking users will receive Trading Credits, which can later be used to engage in trading at reduced cost. The Trading Credits vary with account tier: 0.5 percent with regular card payments and 1 percent for ‘Bright’, while ‘Light’ users will receive 0.25 percent with regular card payments and 0.5 percent with crypto payments.
Recently, Swissquote announced the promotion of its General Manager, Nestor Verrier, to the role of Chief Operating Officer, effective from January 1, 2024. He will replace Lino Finini, a long-time executive in the company, who is going to retire.
