UPDATE - May 2025: Yuh is now asking customers to help name their upcoming joint account feature as it nears launch!
Yuh, the Swiss neobank backed by Postfinance and Swissquote, is actively expanding its feature set with three major developments in the pipeline: limit orders, teen banking, and joint accounts. Let's take a closer look at these upcoming features, with special attention to joint accounts - a much-needed solution in the Swiss banking landscape.
Latest Development: Joint Account Name Poll
In an exciting development, Yuh is getting closer to launching their highly anticipated joint account feature. The neobank is currently engaging with their customer base to help choose the perfect name for this new offering.
Current name options in the poll:
- Yuh Joint Account - The straightforward, descriptive option
- Yuh & Me - Emphasizing the partnership aspect
- Yuh Duo - A clean, modern take inspired by successful competitors
- Yuh for Two - Clear and simple messaging
This customer involvement in the naming process demonstrates Yuh's commitment to building features that truly resonate with their user base. The fact that they're conducting this poll suggests the launch is imminent.
Current Developments at Yuh
According to Yuh's public roadmap, three key features are currently under development:
- Limit Orders: ✅ LAUNCHED Enhancing trading capabilities for users
- Teen Banking: ✅ LAUNCHED Expanding services to younger customers
- Joint Accounts: Addressing a significant gap in digital banking
The Joint Account Situation in Switzerland
The development of joint accounts by Yuh comes at a crucial time, as the Swiss market currently lacks comprehensive digital solutions for shared banking. Let's examine the current landscape:
Traditional Banks vs. Digital Banks
Traditional Swiss banks have long offered joint accounts with flexible arrangements:
- No requirement for shared household
- Multiple account holders possible
- Flexible relationships between account holders
- Bank simply needs to find the relationship "plausible"
Current Digital Banking Options
The digital banking landscape is more limited:
Neon
Offers joint accounts for 3 CHF/month per person.
Restrictions:
- Must share the same household
- Both need Neon accounts
- Income must be from Switzerland only
- Limited to two people.
Revolut
- Joint accounts not available in Switzerland
- Swiss users cannot access this feature despite its availability in other markets
The Market Gap
This situation creates several challenges for:
- Couples living separately
- Flatmates/ocolocation arrangements
- Friends sharing expenses
- Family members living in different locations
- Cross-border workers
Why Yuh's Joint Account Matters
Yuh's entry into the joint account space could potentially address several key needs:
- Digital-First Solution: Fully integrated with modern banking features
- Market Gap: Filling a significant void in the Swiss digital banking sector
- Flexibility Potential: Opportunity to offer more flexible terms than current neobank solutions
Blick in die Zukunft
While the exact features and requirements of Yuh's joint account solution are still under development, its arrival could mark a significant step forward for Swiss digital banking. The success of this feature will likely depend on:
- Flexibility of account holder requirements
- Pricing structure
- Ease of setup and management
- Integration with existing Yuh features
Stay Connected and Share Your Ideas
Want to stay updated on Yuh's latest developments or contribute your own ideas? You can:
- Track Progress: Follow all upcoming features and developments on Yuh's public roadmap
- Share Ideas: Submit your feature suggestions directly through the portal
- Vote on Features: Help prioritize which features get developed next by voting on existing proposals
The transparency of Yuh's development process through their public roadmap shows their commitment to building features that Swiss users actually want and need. Keep checking back for updates on these exciting new features and to contribute your own ideas for the future of Swiss digital banking.
