Swissquote Card Light
A plan by Swissquote Card · Mastercard
Data verified on unchanged since the sources
Worth it if you want a card tied to a genuine Swiss bank (FINMA licence, deposits protected up to CHF 100,000), with a multicurrency IBAN across 13 currencies and a 0.95% FX markup.
Avoid it if you want self-custody of crypto (held by the bank) or aim for the free Light tier: higher limits come with Bright and Elite, up to CHF 39/month.
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 13 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.
Light
- Monthly fee
- 0
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 | not declared |
| 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. |
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 13 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.
Reputation
What happened to people who used Swissquote Card, and what users say. External signals: they do not feed the promp.it rating.
Incidents & regulatory actions
History not verifiedWe have not yet completed the incident search for this service: no entries here does not mean no events.
Public reviews
-
App Store ↗
4.4/5
54,034 reviews
'Swissquote' app (id 285691076), CH storefront, from iTunes Lookup. It is the bank and trading app, not an app for the card alone.
-
Google Play ↗
4.3/5
12,146 reviews
Structured data (gl=CH): 4.32 from 12,146 ratings; the visible labels are rounded.
-
Trustpilot ↗
3.5/5
4,334 reviews
Profile for the swissquote.com domain: it covers the whole Swissquote group, not only the card.
Weighted average across 3 public review platforms (70,514 reviews in total), weighted by volume. This is not our rating: it is those platforms’ average.
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 13 currencies, with a 0.95% FX markup on foreign-currency transactions.
Sources
- Official service page Multivaluta · Issuer · USD · EUR · +9 Data verified on Jul 16, 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