Got a question?
We just might have the answer! Check out Yuh's FAQ, an ever-growing source of information.
Truly a profound spirtual enquiry: what is any of us? Aren't we all, each and every single one of us, deep within our hearts and souls, a bank? This is indeed a shrewd question for greater and wiser minds than ours.
Okay, enough of the metaphysical stuff. Here's the deal: Yuh is the result of a joint venture between two renowned Swiss financial institutions: Swissquote and PostFinance. Yuh itself is not a bank. The banking and financial services offered in the Yuh app are provided by Swissquote, which is authorised by FINMA, the Swiss Financial Market Supervisory Authority. In this framework, you benefit from all the protections provided by the Swiss banking law and other Swiss financial laws, including the 100'000 CHF protection in case of bankruptcy, and banking secrecy. Our focus is to offer affordable services packed into a convenient mobile app. And also to tell you that we think you're just great.
The Yuh Key is a passcode of at least 6 digits that gives you access to your Yuh account.
You set up this passcode during the account opening process. The Yuh Key is not your debit card PIN code.
You are prompted to enter the Yuh Key:
- to log into your Yuh account for the first time (or on a new device)
- to make payments through the app
- for the initial activation of your debit card
- to display your debit card details
- when changing sensitive personal information in the app (such as choosing a new debit card PIN number)
After you have linked your device to your account with your Yuh Key, you can simply log into the app by using your preferred unlock method for your device (biometric, pattern, passcode, or other).
Please call our customer care center on +41 44 825 87 89. You will be sent a new one-time Yuh Key. You will be then requested to choose a new Yuh Key for security reasons.
To open a Yuh account, you must:
- be 18 or older
- reside in one of the countries listed here
- NOT be a "US Person" (citizen or permanent resident of the United States)
- have an ID or passport as well as a proof of residency (utility or mobile bill)
- find the key to the ancient tomb of Quetzalcoatlus by midnight on the next full moon
(That last one's not actually necessary.)
Jackpot time! You can fund your account via bank transfer using the following details:
- Beneficiary Bank: Swissquote Bank
- Final Beneficiary: your surname and first name
- IBAN: your personal IBAN
- SWIFT: SWQBCHZZXXX
You'll receive an email with your account information during the signup process. You can also find your IBAN in the app under the Account tab.
Raring to go? We understand. First you activate your precious Yuh card in the app. You can immediately change your PIN in the app. Now you're ready for online shopping. Spend wisely. To show off using your beautiful black card, you will need to do your first cash withdrawal or transaction in a shop using a payment terminal that requires entering a PIN code (no contactless payment this time).*
* Warning: In rare cases, some payment terminals do not interrogate your card upon entering your PIN code. With such terminals, the card will not be activated.
For all you jet-setters, withdrawals are available in most countries. A fee of 4.90 CHF/USD/EUR (or equivalent) in transaction currency applies outside of Switzerland. Withdrawals are not possible in the countries listed here, but you can still use your card to pay at terminals, such as in restaurant and shops.
Contactless payments can be made on any payment terminal with a contactless symbol, by holding your card close to this symbol. If the contactless payment is refused (see below), you may be required to enter your PIN code if your purchase exceeds your contactless limit.
The contactless limit is 80 CHF/EUR/USD (or equivalent) of accumulated purchases made without entering your PIN code. Additionally, after using the contactless method 10 times consecutively, you will need to enter your PIN code on the next transaction.
The contactless limit is renewed every time you use your PIN code. For example, if you made two purchases of 35 USD using the contactless method, you will not be able to make a new contactless purchase for 15 EUR as your limit will have been reached. To continue making contactless payments, you'll need to enter your PIN code at a store or ATM to renew the contactless limit. Better safe than sorry!
You don't have to lift a finger; your benefits are automatically applied. When you make any purchase in one of the currencies supported by your account, you will not incur any additional fees. If you already have funds in that currency on your account, the transaction amount will simply be debited from those. Otherwise, the amount will be debited from your most-funded currency by applying the day’s advantageous Swissquote exchange rate.
When making purchases in a currency which is NOT included in your Yuh account, we will debit your account in your card's reference currency* and fees will apply (1.5%).
* The card reference currency is determined by your country of residence when you opened the account (for Swiss residents, it is CHF).
Please consult the full pricing table available here. No need to brace yourself – it's all very reasonable.
Yuh payment cards support 3-D Secure, the internationally-recognised security standard for online payments by card.
Many online stores offer 3-D Secure, and you will be invited to register your card for this functionality upon your first online payment that requires 3-D Secure.
Once you have registered, you will then receive a code via SMS on your mobile phone to authenticate each online payment supporting 3-D Secure.
All orders placed before 4 p.m. will be executed the same day between 4 p.m. and 6 p.m. if the market is open. They say money never sleeps, but it definitely needs a rest sometimes. Orders placed after 6 p.m. or while markets are closed (weekends or holidays) will be executed on the next trading day, between 4 p.m. and 6 p.m.
Like an energetic yo-yo, the price of investment products bounces around continually when the markets are open. Yuh orders are sent to the market at a specific time every day, in order to reduce costs. You'll be charged the current market price at the moment the order is executed, which can differ from the price at the moment you placed your order.
We're pretty picky. We've carefully chosen a variety of investment products to cover a broad range of industry sectors and geographical areas, so that you can build a diversified portfolio. We favour stocks with high market capitalisation (blue chips) to ensure a good liquidity of your assets. We do not restrict stocks based on the ethical values of their respective companies, but we provide Environmental, Social and Corporate Governance (ESG) ratings so you can invest consciously.
Mandatory corporate actions will be applied to your account automatically. Dividends will be credited to your main account. For other corporate actions, our experts will decide the most advantageous choice for you, with a preference for the option that will not negatively impact your balance. Because we like you, and want to make you smile.
We hope you're paying attention, there may be a quiz later. When you buy or sell a product, a transaction fee of 0.5% will be applied to your order. Example: if you buy CHF 1'000 of investment products, your fee will be CHF 5. The mininimum fee is CHF 1. But we like you a lot, and we are not charging any custody fees to store your investments.
Specific investment products such as Trending Themes or ETFs may be subject to additional management fees.
Cryptocurrencies are handled differently. You are charged a 1% transaction fee when buying or selling and you can store them safely on your Yuh account without any custody fees as well.
You already know that we keep our fees low – it's part of the reason you like us. The exchange fee varies depending on the selected currency pairing, but they are generally very low (under 1% of the transaction amount for major currencies). The fee is already included in the exchange rate displayed in the app.
In a secret vault hidden deep within the centre of the earth, below the planet's magma core, accessible only by trained moles who have lava-proof armour – okay, okay, that's not true. The funds on your Yuh account are deposited at Swissquote Bank Ltd in Switzerland. Your money is legally protected up to 100'000 CHF and you benefit from security of a regulated Swiss bank. Easy.