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UBS Bank Services No Longer Available for Ex-Credit Suisse Customers

Swiss banking giant UBS, having taken over Credit Suisse in 2023, discontinued the provision of two services previously offered by the collapsing bank.

UBS Bank Services No Longer Available for Ex-Credit Suisse Customers

Hey there! Let's talk about your bankin' business with UBS and Credit Suisse, shall we? Now, CS was all cool, letting you toss your loose change into their ATMs, no questions asked, and crediting it to your account for free. Neat, huh? But ol' UBS ain't got time for that mess. Instead, you gotta lug those bags o' coins to the branch and pay a 'service fee' of at least 15 francs per deposit. Harsh, I know.

But that's not all that's different between these two bully institutions. Another thing UBS is axin' is the 'Cardless Cash' feature that CS offered. With this, folks could create QR codes with their banking apps to withdraw cash without a card, and even people with accounts at other banks could use a Credit Suisse ATM for it. But now, they're cancelling that too.

Now, let's say you're missin' that loose change deposit feature from CS. Well, UBS ain't got a straight-up replacement, but there's a workaround. You can visit a UBS bank branch and deposit your coins directly into your account there. Alternatively, UBS offers some digital solutions like prepaid cards and TWINT, Apple Pay, Google Pay, and Samsung Pay to simplify transactions and reduce the need for cash.

So there you have it, a quick rundown of how these banks compare on the loose change deposit front. Two different strokes for different folks, I guess. Keep stackin' that cash, buddy!

  1. UBS may not offer the free loose change deposit feature that Credit Suisse did, but you can still deposit coins directly at a UBS bank branch.
  2. In lieu of the Cardless Cash feature that Credit Suisse canceled, UBS provides digital solutions like prepaid cards, Apple Pay, Google Pay, and Samsung Pay.
  3. Unlike Credit Suisse, UBS charges a 'service fee' of at least 15 francs per deposit for coins brought to the bank branch.
  4. Credit Suisse's QR code withdrawal system, allowing cardless cash and even inter-bank usage, is a function that UBS is discontinuing.
UBS, being the largest financial institution in Switzerland, abolished two services that were previously provided by Credit Suisse after assuming control in 2023.

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