{"id":25441,"date":"2024-06-13T11:51:07","date_gmt":"2024-06-13T09:51:07","guid":{"rendered":"https:\/\/www.schwiizerfranke.com\/?p=25441"},"modified":"2024-06-28T07:44:18","modified_gmt":"2024-06-28T05:44:18","slug":"flowbank-erfahrungen","status":"publish","type":"post","link":"https:\/\/www.schwiizerfranke.com\/en\/flowbank-erfahrungen","title":{"rendered":"Bankruptcy: FlowBank Switzerland"},"content":{"rendered":"
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FlowBank Experience Switzerland:

Alternatives after bankruptcy<\/span><\/span><\/p><\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Important info:<\/strong> In June 2024, the FINMA opens bankruptcy proceedings against FlowBank<\/a><\/span>.<\/p>

At present, the Bank in liquidation<\/strong>which is why she asked Schwiizerfranke to remove the FlowBank experience report.<\/p>

According to the information available to date, there were still sufficient funds in the bank to pay out all customers, so that no customer lost money<\/strong> has. Find out more below.<\/p>

If you are looking for a FlowBank Alternative<\/strong> you will find an overview of some brokers here:<\/em><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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<\/td>Swissquote<\/th>Saxo Bank<\/th>Degiro<\/th>Corn\u00e8rtrader<\/th>Postfinance<\/th>Interactive Brokers<\/th>Migros Bank<\/th>\n<\/tr>\n<\/thead>\n
<\/td>\"\"<\/td>\"\"<\/td>\"\"<\/td>\"cornertrader<\/td>\"\"<\/td>\"\"<\/td>\"\"<\/td>\n<\/tr>\n
Fees & Costs<\/td>- Order fees<\/strong> from CHF 3 for shares and ETFs
\n- Custody fees<\/strong> CHF 20 - CHF 50 per quarter<\/td>		- Order fees<\/strong> at least CHF 3 or 0.08% of the order volume (Classic)
\n\u2022 Since 2025: Custody fees<\/strong> free of charge<\/td>		- Order fees<\/strong> from CHF 1 and an additional CHF 1 for processing
\n- Custody fees<\/strong> free of charge<\/td>		- Order fees<\/strong> from CHF 6 for shares and ETFs
\n- Custody fees<\/strong> from CHF 0 (up to CHF 10,000) to CHF 280\/year (for CHF 500,000), tax statement CHF 20<\/td>		- Order fees<\/strong> on SIX staggered from CHF 6 to CHF 300
\n- Custody fees<\/strong> CHF 72 \/ year (credited as trading credit. Expires annually).<\/td>		- Order fees<\/strong> 0.05% to 1.0% or min. CHF 1.50 to max. CHF 49
\n- Custody fees<\/strong> free of charge<\/td>		- Order fees<\/strong> flat rate CHF 40
\n- Custody fees<\/strong> 0.23% or at least CHF 50<\/td>\n<\/tr>\n
What does an ETF purchase cost for CHF 10,000?<\/td>from CHF 9 (selected ETFs)<\/td>CHF 8, or free of charge when purchasing via AutoInvest savings plan<\/td>from CHF 2.50 (selected ETFs)<\/td>CHF 12 (0.12% for Swiss ETFs)<\/td>CHF 30<\/td>CHF 5<\/td>CHF 40<\/td>\n<\/tr>\n
Swiss deposit guarantee up to CHF 100,000<\/td>\"\"<\/td>\"\"<\/td><\/td>\"\"<\/td>\"\"<\/td><\/td>\"\"<\/td>\n<\/tr>\n
Special advantages<\/td>- Savings plans<\/strong>
\n- Wide range of products<\/strong> (shares, ETFs, options, cryptos)
\n- Interest on cash<\/strong><\/td>		- Very low trading fees<\/strong>
\n- Savings plans with free ETFs <\/strong>
\n- Free tax statement<\/strong>
\n- No minimum deposit<\/strong>
\n- Only 0.25 % currency conversion fee<\/strong>
\n- Interest on cash<\/strong><\/td>		- Favourable fees<\/strong>
\n- Wide range of products<\/strong>
\n- Intuitive user interface<\/strong>
\n- Free ETF purchases<\/strong> 1\u00d7\/month<\/td>		- Interest income<\/strong> on CHF\/EUR\/USD balances
\n- No custody fees<\/strong> up to \u00a310,000
\n- Immediate Liquidity access<\/strong> by debit card
\n- A Tax statement for everything<\/strong>
\n- Multi-currency accounts<\/strong><\/td>		- Custody fees<\/strong> are credited as trading credit
\n- Simple account connection<\/strong>
\n- Deposit protection<\/strong><\/td>		- No custody fees<\/strong>
\n- Very low FX fees<\/strong>
\n- Interest on cash<\/strong>
\n- Extremely wide product selection<\/strong>
\n- Professional tools<\/strong> for traders<\/td>		- Flat fee<\/strong> for large orders
\n- Swiss customer support<\/strong>
\n- Branches<\/strong> <\/td>\n<\/tr>\n
Disadvantages<\/td>- Fees<\/strong> could be more favourable<\/td>- Share register \/ AGM only via manual and partly chargeable process<\/td>- No entry<\/strong> in the share register
\n- No Swiss deposit protection<\/strong><\/td>		- Higher minimum fees for small transactions
\n- Complex interface for beginners
\n\u2022 New custody fees from 2026 (still free of charge up to CHF 10,000)
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\n<\/td>		- Negative interest<\/strong> from CHF 250,000
\n- Outdated user interface<\/strong><\/td>		- No Swiss deposit protection<\/strong>
\n- Customer service<\/strong> difficult to reach<\/td>		- Account opening<\/strong> Not fully digitised<\/td>\n<\/tr>\n
Promotion?<\/td>Coupon for CHF 100 trading fees and selected ETFs discounted <\/td>Voucher for CHF 200 trading fees <\/td>Voucher for CHF 100 trading fees<\/td>Voucher for CHF 250 trading fees<\/td>Custody fees given as trading fees <\/td>-<\/td>-<\/td>\n<\/tr>\n
Schwiizerfranke Rating<\/td>\"\"<\/td>\"\"<\/td>\"rating<\/td>\"rating<\/td>\"\"<\/td>\"\"<\/td>\"\"<\/td>\n<\/tr>\n<\/tbody>\n
<\/td>View test report<\/a><\/th>View test report<\/a><\/th>View test report<\/a><\/th>View test report<\/a><\/th>View test report<\/a><\/th>View test report<\/a><\/th>Visit MB<\/a><\/th>\n<\/tr>\n<\/tfoot>\n<\/table>\n<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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FlowBank bankruptcy notice<\/h3>

The Swiss Financial Market Supervisory Authority (FINMA) has authorised the Bankruptcy proceedings opened against FlowBank<\/span><\/a>. This measure was taken to protect depositors. Here is the important information for you:<\/p>

  1. Securing your deposits and securities<\/strong>:<\/p>