Hide summary
Times are tough for banking sector in Franceand the upheavals never cease to surprise. This time, it is a well-known bank which is preparing to close its doors for good. A decision that leaves thousands of customers in uncertainty.
If this news concerns you, this news may well change your financial habits. But what happened, and what are the consequences for those who had an account there?
The storm over French banks
Like other sectors, the banking sector in France is going through a period of turbulence. Current economic challenges, combined with changing customer expectations, are pushing many establishments to review their strategies. And for some, the solution involves stopping their activities.
This year, the first shock came from HSBC. As of January 1, the bank sold its activities in France, including 250 branches, 3,500 employees and 800,000 customers. THE Crédit Commercial de France (CCF) took over the network.
To have
This bank offers a record welcome bonus of 330 euros with CB Gold included
Then, Orange Bank followed suit. Its customers should see their accounts transferred to Hello Bank, a subsidiary of BNP Paribas. And this trend is unlikely to end. More recently, another bank announced its closure, directly impacting 675,000 customers. The latter find themselves forced to look for a banking establishment.
A bank with great ambition
Launched in 2019, the establishment which has just announced its closure had everything to seduce. It is a 100% online bank, accessible from a smartphone or computer, without the constraints of physical branches. In addition, with solutions adapted to all generations, it has managed to convince nearly 675 000 clients.
His ambition? Reach one million customers by 2025. But reality has caught up with these ambitious goals. Financial difficulties quickly weighed down this young bank, leading to a radical decision: cease activities.
La Banque Postale has in fact explained that the massive investments are no longer in line with the group's strategic plan. This therefore means that the establishment loses a lot of money and cannot cover its expenses. This is the main reason for the closure of this bank which is none other than Ma French Bank.
Which is reassuring
Faced with the announced closure of Ma French Bank, 675,000 customers are wondering about the fate of their accounts. But what is reassuring is that the process of cessation of activity will take place gradually.
To have
This emblematic bank in France will triple the amount of its fees, 11 million French people affected
La Banque Postale clarified to BFMTV that this transition will extend over a period of 12 to 15 months. It began in June 2024 and does not end until summer 2025. A sufficient duration to allow customers to make the necessary decisions with complete peace of mind.
In addition, Ma French Bank account holders have no need to worry about their funds. In fact, they will be able to transfer their assets to the bank of their choice. To simplify this process, they can also use the banking mobility service. This makes it easier to transfer recurring transfers and direct debits.
Finally, here's some good news! Ma French Bank customers who will open a account with La Banque Postale will benefit from attractive welcome offers. An ideal opportunity to optimize their finances!
