This is a new regulation that promises to shake up the financial habits of taxpayers. From fall 2024, a bill relating to the revision of bank charges will be applied to all accounts located in France. Amid some good news, we will also have to put up with several new restrictions.
Less bank charges
First good news, the bank charges linked to withdrawals from ATMs of notes that do not belong to the customer’s bank will disappear for four major banking establishments (BNP Paribas, Société Générale, Crédit Mutuel and CIC), which have chosen to pool their network of ATMs.
Good news also, some bank fees linked to transfers will also disappear. This is particularly the case for instant transfers, charged a few euros as an option.
New European regulation now requires banks to offer instant transfers across the European Unionand at no additional cost compared to a traditional transfer. The objective here is to democratize the use of instant transfers, until they become the norm. Banks have until November 2024 to comply with the regulations.
Certain transfers become prohibited, and complicate things for the savings accounts
In addition to this reduction in bank fees, the new regulations also include the ban on certain transfers. From now on, the European directive on payment services PSD2 prohibits the transfer of funds between two savings accounts. It is therefore impossible to make a transfer between your Livret A and your LDDS in order to benefit from a more advantageous rate of remuneration.
You will have to use a current account. The ban also covers transfers from a savings account to a third-party account. It will in fact be obligatory to first transfer the money to a current account belonging to the same holder, before routing it to a third-party account or a savings account.
Concretely, it will no longer be possible to transfer money between two of your savings accounts, or to pay your rent from a Livret A For example. The money must first land in your current account, after which you can send it wherever you want. The converse is also true, since it will no longer be possible to receive transfers from a third-party payer directly to your savings account (A account, LEP, LDDS, Crédit Mutuel blue account and CEL).
Only one exception
In the midst of this wave of new regulations, an exception remains concerning booklet A. On this booklet in particular, the Monetary and financial code allows banks to circumvent the rules in two specific cases; the incoming payment of CAF-type social benefits, and the payment of salaries to civil servants.
???? To not miss any news on the Journal du Geek, subscribe on Google News. And if you love us, we have a newsletter every morning.
Related News :