The bank is lowering the threshold for offsetting the so-called “credit fee”. But there are ways to get around this.
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Cautious savers are driven away: Anyone who has large amounts in savings or private accounts and does not do any other business with Postfinance will have to pay negative interest from July.
Photo: Gaetan Bally (Keystone)
In a recent letter, Postfinance informed us about charging a credit fee of 0.75 percent on credit that exceeds the defined threshold. We are shocked
about this horrific fee and ask us whether this has appalled other customers as well. We also ask ourselves what to do about it and how we can best circumvent this. Readers question from LA
Other readers feel the same way as you. The charging of a credit fee, as Postfinance calls it, has met with a lot of criticism. The term “credit fee” is of course whitewashing. In fact, Postfinance does nothing else than pass the negative interest it has to pay the National Bank on to its customers in full. Postfinance and other banks had already had negative interest rates before.
