All banking services from a single source
VZ Depository Bank is a real alternative to your house bank: It allows you to carry out all your banking transactions and invest money cheaply. In order to avoid conflicts of interest, VZ Depository Bank does not issue any financial products and does not profit from brokering. Instead, retrocessions are passed on to our customers. VZ Finanzportal is your financial cockpit that can do much more than other e-banking services: It enables you to bundle all your financial matters in a single place, display your total assets overview and monitor your mortgages and insurance policies.
The most important questions concerning accounts and securities accounts
How can I settle bank transactions simply, quickly and cost-effectively?
With e-banking at VZ Depository Bank you can settle your bank transactions whenever and wherever you want – and save money: e-Banking fees at VZ Depository Bank are around half those charged for conventional bank transactions, and are significantly lower than those of other financial service providers.
E-banking at VZ Depository Bank offers attractive benefits: You have access to your accounts everywhere and at all times. Your money on your transaction account accrues market-compliant interest. And you can depend on the highest security standards for all your bank transactions.
Can I save money and remain flexible?
Are my deposits protected under the deposit insurance esisuisse?
Yes, like any bank and any securities firm in Switzerland, VZ Depository Bank is required to sign the Self-regulation "Agreement between esisuisse and its members". This means clients’ deposits are protected up to a maximum of CHF 100,000 per client. Medium-term notes held in the name of the bearer at the issuing bank are also considered deposits. Depositor protection in Switzerland is provided by esisuisse, and the depositor protection system is explained in detail at https://www.esisuisse.ch/en.
The current annual interest rates1 on your account balances
|Money market savings account private2||0,0%||0,0%||0,0%||0,0%|
|Money market account2||0,0%||0,0%||0,0%||0,0%|
|Rent security deposit account||0,0%||0,0%||0,0%||-|
1 Interest rate changes are possible at any time.
2 The balance is available immediately. For short-term overdrafts, a debit interest may be due (max. 9% p.a.).
3 Used for credit cards and Maestro.
4 Within 31 days, up to CHF 100,000 may be withdrawn without notice. For higher withdrawals, a two months’ notice period applies. For short-term overdrafts, a debit interest rate of up to 9% p.a. may apply.
5 Per year up to CHF 100,000 may be withdrawn without notice. For higher withdrawals, a two months’ notice period applies. For short-term overdrafts, a debit interest rate of up to 9% p.a. may apply.
How can I save securities account and transaction fees?
VZ Depository Bank is a dedicated transaction bank with a lean organisation. As a client of VZ Depository Bank you profit from low securities account and transaction fees and from an interest-bearing transaction account.
A securities account at VZ Depository Bank brings you additional advantages:
- You can choose between a variable or a fixed transaction fee. Both fee models are significantly less expensive than those of the largest Swiss banks.
- Thanks to the detailed reporting provided by VZ Depository Bank, you retain a clear overview of your assets. The reporting lists your net total returns and includes a securities account structure analysis showing the performance over the period under report.
- A tax certificate is issued to help you complete your tax declaration.
Which benefits do I have when paying money into my VZ Depository Bank account?
With an account at VZ Depository Bank you settle your deposits and withdrawals simply and flexibly. Whether in Swiss francs or foreign currencies, from Switzerland or abroad. Your deposits are guaranteed up to the maximum sum of CHF 100,000.00.
As a client with an e-Banking agreement you can access your account at any time and from any location – and save money: e-Banking fees at VZ Depository Bank are around half those charged for conventional bank transactions, and are significantly lower than those of other financial service providers.
Do you prefer to do these by post, telephone or e-banking?
As a VZ Depository Bank client you can issue your stockmarket orders in a variety of ways.
The simplest, most secure and most cost-effective method is to place orders using VZ Depository Bank's e-banking service. Please note that orders drawn up via e-banking are forwarded to the stock exchange without further checks.
You can place your stockmarket orders with VZ Depository Bank by telephone during office hours: Monday to Friday, 8 a.m. to 6 p.m., tel. no. 058 411 88 88
You can forward stockmarket orders by post using the personalised transaction forms provided by VZ Depository Bank.
Which model is right for me?
As a dedicated transaction bank, VZ Depository Bank is able to settle securities transactions at lower prices. For customers, this means lower deposit fees, market-driven interest rates and up to 90% lower transaction costs.
Fixed transaction fee (ticket fee)
With the fixed transaction fee model the deposit fee amounts to 0.07% per year, plus a flat rate for third party custody account charges of 0.03%. Direct investments in Switzerland including ETF cost 100 CHF per transaction. Foreign stock exchanges, mutual funds and other cost 140 CHF.
Variable transaction fee (brokerage fee)
With the variable transaction fee model the deposit fee is 0.15% per year, plus a flat rate for third party custody account charges of 0.03%. Transactions on any stock exchange cost 0.75% of the transaction volume (at least 60 CHF).
How can I finde the cheapest service provider?
Comparison of fees in CHF
|VZ Depository Bank||Ø selected banks*|
|Brokerage fees Switzerland||390||1'974|
|Brokerage fees international||156||719|
|Brokerage fees ETF||312||2'211|
|Advantage VZDB p.a. VZ Depository Bank||-||4'623|
Basis for the calculation:
Swiss equities (SIX): 10 transactions (purchase and sale of 5 items) per year/CHF 40,000 each
International equities: 4 transactions (purchase and sale of 2 items) per year/CHF 25,000 each
ETF (SIX, Swiss ISIN): 8 transactions (purchase and sale of 4 items) per year/CHF 50,000 each
* Credit Suisse, Migros Bank, PostFinance, Raiffeisen, Swissquote, UBS and ZKB
How much does it cost to place an order via e-banking?
Direct investments in Switzerland including ETF cost 39 CHF per transaction up to 100'000 CHF. The deposit fee is 0.07% per year plus a flat rate for third party custody account charges of 0.03%.
Further details about our attractive rates for e-banking can be found here:
Comparison of e-banking fees
Where do I get the lowest e-banking fees?
Comparison of e-banking fees
|Volume||UBS||Credit Suisse||Migros Bank||Post-Finance||Trade-Direct||ZKB||VZ Depository Bank|
Status January 2016. Order placed on the Swiss Stock Exchange (SIX Swiss Exchange), valid for equities, ETF, structured products and warrants. All sums shown in Swiss francs.
Stock exchange orders
Tips for stock exchange orders
In order to enable us to settle your stock exchange orders smoothly and without delays, we kindly ask you to specify the following information on all orders:
Quantity or nominal value
Investment securities (equities/participation certificates) and investment fund units: Specify desired quantity.
Debt securities (e.g. bonds) and certain structured products: specify desired nominal value. When specifying the nominal value, please take account of the denomination of the respective security. As a rule, denominations amount to 1,000 or 5,000 currency units, or a multiple thereof.
Securities number of ISIN and designation of the security
Specifying a securities number or ISIN (International Securities Identification Number) is important for the unequivocal identification of a security. The securities number is used only in Switzerland. The ISIN number, by contrast, is a globally recognised designation.
In order comprehensively to rule out errors or misunderstandings, the precise designation of the security is also required in words. The following example shows how important it is to identify a security precisely:
|Securities number / ISIN (e.g.)||Precise security designation||Imprecise security designation|
|1,225,515||Swatch Group bearer shares||Swatch Group|
|1,225,514||Swatch Group registered shares||Swatch Group|
|CH0016772987||2.625% Swatch Group Finance Lux
Many securities are listed on several stock exchanges in different countries, and are traded in the respective country currency. For this reason it is important to specify the desired security currency.
Order type and duration of validity
VZ Depository Bank offers the following order types:
- Order at best (order without price limit)
- Limited order (order with price limit)
- Conditional order (stop-loss and stop-buy)
Order at best
In the case of an order at best, the buyer or seller does not specify a price limit. The order will be executed in accordance with the nearest possible price. This order type should be selected only for very liquid securities.
In the case of a limited order, the buyer or seller specifies a price limit at which he wishes to buy or sell. The order will be executed only in accordance with the specified price.
Please note that limited orders may lead to so-called partial executions. Partial executions on the same stock exchange day shall be charged only once. If the partial executions extend over several days, transaction fees shall be charged once per day.
Conditional stop-loss order
This order type is a sales order with a price limit (trigger). As soon as the stockmarket price reaches this price limit –; trips the trigger –; the stock exchange order will be converted into an order at best and the corresponding security will immediately be sold at the next possible price.
Conditional stop-buy order
This order type is a purchase order with a price limit (trigger). As soon as the stockmarket price reaches this price limit –; trips the trigger –; the stock exchange order will be converted into an order at best and the corresponding security will immediately be bought at the next possible price.
Irrespective of the selected order type, please always state how long the order will be valid. If an order cannot be executed by the end of the validity date, then it shall be deleted from the stock exchange system and will need to be placed anew, if required. So long as an order has not been executed (and no partial executions have been performed), no fees shall be incurred. In the absence of a specified validity date, the order will be placed on a ";stock exchange valid"; basis. In this event, it shall be valid only during the current day and shall be deleted after the close of trading.
Under "Settlement account", please specify the account into which the proceeds of a sale are to be paid or the funds for a purchase are to be withdrawn. It is in particular necessary to specify a settlement account if accounts are available in different currencies (CHF/EUR/USD/GBP).
Cashless payments at the checkout, at the vending machine and online
Customers of VZ Depository Bank can use the TWINT digital wallet free of charge. With the TWINT app, you can transfer money from smartphone to smartphone in real time and pay cashless – conveniently and securely.
At the checkout
Open the app on your smartphone, activate Bluetooth and briefly hold the phone against the TWINT logo. If there is no reader, open the app and point your smartphone's camera at the QR code that is displayed.
At the vending machine
Open the app and point your smartphone's camera at the QR code displayed on the vending machine. If the machine is equipped with a TWINT reader, hold your smartphone close to the illuminated logo and follow the instructions on the machine.
With TWINT you don't need to enter a card number. Simply open the app and point the camera at the QR code displayed in the online shop. Or enter the code you see into the app.
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