Dukascopy Bank review
Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026
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Our verdict
Dukascopy Bank is a Swiss easy-access account for savers who hold several currencies and want to move money without a monthly charge. Its headline rate of 4.3% sits above the listings here, but the account kind is easy-access rather than a fixed term.
Key facts
- Best for
- A multi-currency easy-access account with instant access and a lean exchange rate margin.
- Headline rate
- 4.3%↗
- Rate type
- Variable↗
- Minimum deposit
- €40↗
- Access terms
- Instant access, withdrawals without limits, interest accumulated daily↗
- Monthly fee
- €1↗
- Account kind
- Easy access↗
- Legal entity
- Dukascopy Bank SA↗
- Headquarters
- Switzerland↗
- Founded
- 2004↗
- Support channels
- Email, Chat, Phone, Help-centre↗
- Pricing model
- No monthly fee
- Official website
- dukascopy.com
Everyday accounts
Money transfer
- Exchange rate markup
- 0.2%↗
- Delivery time
- Several business days for bank wires; instant for internal Dukascopy and Dukascopy card transfers↗
- Payout methods
- Bank, Wallet, Card↗
- Fee to send 1,000
- €2.30↗
Facts checked September 26, 2026, 5 sources
Apps and profiles
- Get the app
- App StoreGoogle PlayGoogle Play
Pros and cons
Pros
- Access is instant, withdrawals carry no limits and interest accumulates daily, so money stays reachable.
- Currency conversion fees run 0% to 1% with an exchange rate margin of 0.2%, below the middle of the listings here.
- Transfers between Dukascopy accounts and Dukascopy card payments are instant, and transfers from your own account are free.
- Support runs through email, chat and phone, so a phone line and live chat sit behind the account.
Cons
- The rate is variable, so a 4.3% headline can move and is not held for a term.
- The minimum deposit of €40 is higher than most savings listings on the site.
- Local details are an IBAN only, so a UK sort code or US ACH routing details are not offered (iban).
Who it suits
- Savers who keep money in several currencies and want a thin exchange rate margin when converting.
- Teenagers opening a multi-currency balance of their own, since the audience is listed as teens and internal transfers are free.
- Anyone who needs instant access and instant internal transfers rather than a locked term.
Who should look elsewhere
- Plazo ES, if the headline rate decides it: it lists 24.19% against 4.3% here.
- AXI Card Tarjeta y Credito, which lists 21.59% and sits in credit rather than savings.
- PayPal Colombia, which lists 3.3% and works as a wallet for setting money aside rather than a bank account.
Who runs it
Dukascopy Bank is operated by Dukascopy Bank SA, a company headquartered in Switzerland and founded in 2004. Support runs through email, chat and phone, so a help centre, live chat, email and a phone line are all available. Bank licence holders make up 27.5% of the listings here, so the account sits with a bank rather than an e-money wallet.
How Dukascopy Bank compares
8.9 vs 8.6
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8.9 vs 9.1
8.9 vs 8.9
8.9 vs 8.7- 8.9 vs 8.0
8.9 vs 9.0
8.9 vs 8.1
8.9 vs 8.7
8.9 vs 8.0
8.9 vs 9.5
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8.9 vs 9.3
8.9 vs 9.2
8.9 vs 9.0
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8.9 vs 8.5
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8.9 vs 8.3
8.9 vs 9.0
Where Dukascopy Bank is available
- Available
- Switzerland
- Licence in Switzerland
- FINMA (Swiss Financial Market Supervisory Authority), checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What rate does the account pay and is it fixed?+
The easy-access money market account pays a variable rate with a headline of 4.3%. Because the rate type is variable rather than fixed, that headline can move with the market, so treat it as a starting point rather than a locked return. Interest accumulates daily.
What does it cost to keep the account open?+
The fee schedule lists a monthly fee of €1 alongside a no monthly fee model, so check which line applies to your account rather than assuming holding it is free. The minimum deposit is €40, which sits near the back of the field on that measure.
How much does it cost to convert currency and send money out?+
Currency conversion fees run 0% to 1% and the exchange rate margin is 0.2%, which sits at the lean end of the listings here. Transfers from your own account are free, while outgoing wires are charged per corridor and the euro route costs €2.30.
How long does a transfer take to arrive?+
Bank wires take several business days, while transfers between Dukascopy accounts and Dukascopy card payments are instant. Payouts can go to a bank account, a wallet or a card, so the speed depends on the rail you pick rather than on Dukascopy Bank alone.
Is the money protected and who regulates the account?+
The account is run by Dukascopy Bank SA, a company headquartered in Switzerland and supervised by FINMA, the Swiss Financial Market Supervisory Authority. Funds sit with a bank rather than a payment institution, and the protection terms that apply should be read before a balance is funded.
Which currencies can I hold and what details do I get?+
You can hold 24 currencies in the account, and receiving details are given as an IBAN. The account kind is easy access, so balances stay reachable and interest accumulates daily. The minimum deposit is €40 to open it.
Who is the account aimed at?+
The audience is listed as teens, so the account is pitched at a younger saver opening a multi-currency balance. It also suits adults who want easy access rather than a locked term, since the account kind is easy access and interest accumulates daily.
Can I withdraw cash from an ATM?+
The free ATM allowance is CHF 0, so cash machine withdrawals carry no charge. Beyond that, support runs through email, chat and phone, so a phone line or live chat is available if you need help with a card or a withdrawal.
Sources
- dukascopy.bank/company checked September 26, 2026
Backs: Founded
“The company has been founded on 2 November 2004 in Geneva by Andre and Veronika Duka, Swiss nationals who still own 99% of the company.”
- dukascopy.bank/en/fees checked September 26, 2026
Backs: Currency conversion fee, Legal entity, Minimum deposit, Monthly fee, Transfer fee, Fee to send 1,000
“Currency exchange: Retail rate + volume fee: <=10,000 USD - 1%; >10,000 USD - 0.5%; >50,000 USD - 0% ... The retail rate is derived from the interbank rate plus an additional spread of 0.5%.”
- dukascopy.bank/en/investments/money-markets checked September 26, 2026
Backs: Access terms, Account kind, Headline rate, Rate type
“Instant access and withdrawals without any limits”
- dukascopy.bank/en/services checked September 26, 2026
Backs: Exchange rate markup
“Convert for as low as 0.2% above the interbank exchange rate”
- dukascopy.bank/faq checked September 26, 2026
Backs: Free ATM withdrawals, Audience, Currencies, Delivery time, Headquarters, Local account details, Pricing model, Payout methods, Support channels, Licences
“ATM in Switzerland 2 CHF ... ATM abroad 2 CHF”
Compiled from 5 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Term, Deposit protection.
Related by the facts
Dukascopy Bank
A multi-currency easy-access account with instant access and a lean exchange rate margin.