Swissquote Launches Daily Banking Packages "Bright" and "Light"

On Thursday, Swissquote announced the launch of two daily banking packages, "Bright" and "Light". The two packages include comprehensive daily banking services, as well as a multi-currency and crypto-friendly debit card issued by MasterCard. The Swiss company also emphasized that its banking packages support a wide range of payment methods and offer cash back.

"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, the 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."

As Swissquote explains, "Bright" offers the "most complete banking package" including both physical and digital debit cards. However, users will need to pay a monthly fee of CHF 6.9 to use the package after the first six months of free service.

On the other hand, "Light" is a free option that offers only a virtual debit card, although customers will have access to all digital banking services.

Other services being offered by "Bright" include free transactions in 13 currencies and five free ATM withdrawals per month. Additionally, MasterCard debit cards can be used to make payments in BTC, ETH, and XRP, with more cryptocurrencies planned to be added by Swissquote.

Swissquote's digital banking users will receive Trading Credits after making a purchase, which can then be used to participate in trading at a lower cost. The Trading Credits vary by account level: 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.

As reported on Wednesday, Swissquote announced the appointment of Nestor Verrier as its next COO, taking effect from January 2024.

(Source: Finance Magnates)