I think that's exactly what they're doing. Since they have to pay the government's negative interest rate on the deposits, they don't want free deposits. The ar

I think that's exactly what they're doing. Since they have to pay the government's negative interest rate on the deposits, they don't want free deposits. The article mentions how other banks have done the same thing by increasing management fees, which sounds more offensive to me. It's also the Swiss government just asking depositors to put their money in some other country (or at least another currency). They want people to sell them in an effort to devalue their currency and help their local exporters.