Credit Suisse to launch digital banking app

Friday 11 September 2020 12:40 CET | News

Credit Suisse has announced that it will launch a digital banking app in October 2020, offering free foreign transactions and fully digital wealth management.

Credit Suisse’s new CSX banking app will offer free online banking including a free-of-charge online debit card and other capabilities to be rolled out over months enabling customers to take out mortgages, make investments and plan their pensions.

Credit Suisse aims to cut costs in its Swiss retail business by closing roughly a quarter of its branches, while bringing in new customers - particularly in the younger client segment, where it says it has catch-up work to do -- by expanding upon other digital solutions in the market and offering brick-and-mortar presence to those seeking it.

Its CSX app will roll out a fully digital wealth management service in mid-November, it said. Cash withdrawals at ATM machines are not covered by the app, but clients who do so regularly can reduce costs via a Mastercard debit card that costs 3.95 Swiss francs (USD 4.34) a month.

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Keywords: Credit Suisse, digital banking, app, online banking
Categories: Banking & Fintech
Countries: Switzerland
This article is part of category

Banking & Fintech