Swissquote Card
Swissquote · Mastercard
The Swissquote Card is the Mastercard debit card linked to a Swissquote Bank Ltd account, a FINMA-licensed Swiss bank with crypto operations. It offers a single IBAN supporting 29 currencies, a 0.95% FX markup and integration with trading of Bitcoin, Ethereum and other crypto held custodially by the bank. The card comes in three tiers (free Light, paid Bright and Elite), with increasing ATM limits and cashback.
Data & conditions
§ Amounts in USD/GBP are shown in the service's native currency.
| Account fee | Free |
|---|---|
| Deposit guarantee | altro |
| Multi-currency | CHF, USD, EUR, GBP, JPY, AUD, CAD, SEK, HKD, NOK, DKK, AED, SGD |
| Network | Mastercard |
| ATM withdrawal | Free |
| Fund custody | Custodial (platform holds funds) |
| KYC | Full |
| Supported countries | EEA, UK |
| Regulator | FINMA (Swiss Financial Market Supervisory Authority) |
| Segment | B2C |
| Funding / solidity | Swissquote Group Holding Ltd is the Swiss financial group listed on the SIX Swiss Exchange (ticker SQN), headquartered in Gland; its subsidiary Swissquote Bank Ltd issues the card and is Switzerland's leading online bank, founded in 1996. |
| MiCA / License status | Licenza bancaria FINMA (Swissquote Bank SA) Swiss bank holding a FINMA banking licence (Swissquote Bank Ltd); cash deposits protected up to CHF 100,000 by the esisuisse scheme. |
Plans & pricing
Strengths
- A genuine Swiss bank with a FINMA licence and esisuisse deposit guarantee up to CHF 100,000
- Multicurrency account with a single IBAN across 29 currencies and a 0.95% FX markup
- Direct integration with trading and custody of Bitcoin, Ethereum and other crypto
- No notable sovereignty advantage documented.
Weaknesses
- Crypto is fully custodial: held by the bank, no self-custody
- Higher tiers (Bright, Elite) carry a monthly fee of up to €39
- Full KYC and operations tied to a censorable banking institution
- Custodial: the platform holds your funds and can freeze or lose them.
- Full KYC required: verified identity, zero pseudonymity.
- Subject to regulation (Swiss bank holding a FINMA banking licence (Swissquote Bank Ltd); cash deposits protected up to CHF 100,000 by the esisuisse scheme.): reporting to authorities and freezes on order.
Verdict
Strong protection: Swissquote Bank Ltd is a FINMA-licensed Swiss bank and cash is protected up to CHF 100,000 by the esisuisse scheme. Crypto remains custodial with the bank.
Low sovereignty: full KYC, fully custodial crypto and operations tied to a regulated, censorable banking institution.
Promp's editorial rating based on real fees and net annual cost. Promp reviews third-party products independently.
"Sovereignty" rating: score computed on privacy/anonymity (30%), fund control (20%), censorship resistance (20%), trustless/auditability (20%) and costs (10%). Same data, different weights.
FAQ
Is Swissquote a regulated bank?
Yes: Swissquote Bank Ltd is a FINMA-licensed Swiss bank and cash deposits are protected up to CHF 100,000 under the esisuisse scheme.
Does the Swissquote card support multiple currencies?
Yes: the account provides a single IBAN handling up to 29 currencies, with a 0.95% FX markup on foreign-currency transactions.
Sources
- Official service page Multivaluta · Issuer Data verified on Jun 22, 2026
- en.wikipedia.org Issuer Data verified on Jun 22, 2026
- finma.ch Regulatory framework · Licenses & registrations Data verified on Jun 22, 2026
- thebanks.eu Deposit guarantee Data verified on Jun 22, 2026
Show 1 more source
- todey.xyz Plans & pricing · Payment network · Fx markup · Atm Data verified on Jun 22, 2026