SoFi vs Swissquote Card
For spending abroad FX markup matters, and SoFi does better (0% vs 0.95%). Neither wins across the board: weigh the points above against your use case before choosing between SoFi and Swissquote Card.
| SoFi | Swissquote Card | |
|---|---|---|
| Tier | A | A |
| Rating | ★ 4.3 | ★ 4.3 |
| Estimated net annual cost | €0 | €0 |
| Account fee | Free | Free |
| IBAN | condiviso | — |
| Multi-currency | No (single currency) | CHF, USD, EUR, GBP, JPY, AUD, CAD, SEK, HKD, NOK, DKK, AED, SGD |
| Outbound transfers to third-party IBANs | Yes | — |
| Utility direct billing | No | — |
| SEPA direct debit (SDD) | No | — |
| On-chain crypto withdrawal | No | — |
| Interest on balance | 3.8% | — |
| ATM withdrawal | Free | Free |
| Fund custody | Custodial (platform holds funds) | Custodial (platform holds funds) |
| KYC | Full | Full |
| Supported countries | US · 1+ countries | EEA, UK |
| Regulator | FinCEN / OCC / SEC | FINMA (Swiss Financial Market Supervisory Authority) |
| OAM Italy registration | No | — |
| Segment | B2C | B2C |
| Deposit guarantee | — | altro |
| Network | — | Mastercard |
| Regions | US | EU/EEA, UK |
| Licences & safety | National Bank Charter (2022) | Licenza bancaria FINMA (Swissquote Bank SA) |
Frequently asked questions
SoFi vs Swissquote Card: which is better?
For spending abroad FX markup matters, and SoFi does better (0% vs 0.95%). Neither wins across the board: weigh the points above against your use case before choosing between SoFi and Swissquote Card.
Which is cheaper, SoFi or Swissquote Card?
On the standard spending profile SoFi has the lowest net annual cost: €0 versus €0 for Swissquote Card.
Is SoFi custodial or self-custody?
SoFi is custodial: funds are held by the platform, while Swissquote Card is custodial.
Which is better for spending abroad?
For foreign-currency spending SoFi wins, with the lowest FX markup: 0%.