Before you can proceed you need to complete your profile with the following items:

Transaction account

The maximum balance of this account is limited to EUR 500,00 or the equivalent in another currency. This maximum balance excludes paid out interests.

You can open up to 20 light accounts (converted accounts included) divided over various (sub)types.

  • Credit interest rate (%)
    0.2500
  • Capitalized credit interest rate (%)
    0.2503
  • Daily credit interest rate (%)
    0.0007
  • Monthly fee (EUR)
    2,00

The credit interest will be calculated on a daily basis at midnight (00:00:00 UTC) and will be based on the total balance at that time. The interest will be paid out daily (366 times in a leap year).

The credit interest rate can change at any given time.

A monthly fee of 2,00 EUR will be deducted on the mensiversary of the account and will apply to the upcoming month (or fraction thereof in case of closure or conversion of the account). It will be deducted from the account section (currency) with the highest balance at that time. The first month will be free of charge.

The monthly fee can change on each mensiversary of the account. You will be informed (by email or notification/message on the Swister website or alternative channel) at least 5 days in advance should this change negatively affect you. In case that the next mensiversary will fall less than 5 days after you received the notification, its implementation will be postponed until the next but one mensiversary, irrespective of whether the change is positive or negative.

Outgoing bank transfers, in order for the beneficiary to identify the origin of the transfer, require the identity of the sender and proof thereof to be shared with Swister (only the sender’s first and last name will appear in the beneficiary’s bank statements). In practice, the sender will be requested to attach a valid identity document and selfie (or alternative) to the transfer order. Swister, however, will not automatically and formally assume that the identity connected to the (most recent) outgoing transfer is that of the account holder.

An outgoing transfer from a light account, irrespective of the amount, involves a fixed administration fee of 1,50 EUR on top of other possibly applicable transfer cost. Transfers to another Swister account holder are exempt from this fee.

The fixed administration fee can change, but you will be informed (by email or notification/message on the Swister website or alternative channel) at least 5 days in advance should this change negatively affect you.

In case that the outgoing transfer is ordered for a future date, the applicable fixed administration fee will be that of the time that the order is given, but the fee will only be debited from your account on the date of the transfer itself.

The above explained identity procedure and respective fixed administration fee do not apply to acquisitions done with the Swister payment system.

Light accounts are reserved only for physical persons.