Like the VZ Vermögenszentrum and the online bank Swissquote, Moneypark is one of the success stories in the financial center.
Now it is evident that Moneypark, which is majority owned by Helvetia Versicherung, is cheating on the appearance.
They work with over 100 “banks, insurance companies, pension funds and investment foundations”, says the mortgage broker on request and in advertising.
What the company does not disclose: Around 60 of them are Raiffeisen banks.
“According to our cooperation standards, we do not communicate any specific figures on the financing groups,” said a spokeswoman yesterday.
Anyone who assumed that Raiffeisen counted as a single partner is mistaken. Moneypark maintains a relationship with dozens of individual Raiffeisen banks.
That was correct, said the mediator’s spokeswoman. “Not all financing partners operate across Switzerland, many of them are local,” she said.
“That in turn means that a customer does not receive offers from over 100 partners, but from those whose award criteria match the customer’s situation and offer attractive conditions.”
According to an insider, if a customer has mortgages submitted via Moneypark, only one of the offers may be from a Raiffeisen bank.
If you count the many Raiffeisen banks among the Moneypark partners, the picture looks slightly different.
In effect, Moneypark no longer has “well over 100 mortgage partners”, but well below 100.
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