Therefore, the government takes measures to limit the risksindustry by industry… The banks now they put themselves at the service of the French.
the French purchasing power has seen better days. In August, the inflation rate reached 5.8%, according to INSEE. East price increase many daily consumption products, like meatIt has a significant impact on the family budget.
Laurent Mignon, CEO of BPCE and President of the French Banking Federationdeclared recently, during a meeting in Bercy with the Minister of Economy Bruno Mayor : The entire banking profession. has opted for a policy of strong moderation of its rates. we tell you everything bank fee shield !
La Banque Postale fights for the purchasing power of the French
One of the largest banks in France, the post bankannounced the freezing of all your bank charges for individuals this Thursday, September 15. it’s the same for BNP Paribasthe Credit Cooperative and LCL (Credit Agricole group).
These different commitments go beyond the gesture made by the sector. Indeed, many banks they have decided to limit the increase in bank fees to 2% next year. an energy shield fight for purchasing power, but for the banks.
to get this joint decisionit took long hours frank negotiations and sometimes difficult. And this, according to the Minister of the Economy, Bruno le Maire.
This Tuesday, bank commitment was announced as a shield from bank charges. Echoing energy shield. A measure established by the government limit, for the French, the effects of inflation. Effects measured at 5.9% over a year in August.
Bank charges are capped at 2%.
Thus, on Tuesday, September 13, the Minister of Economy Bruno Le Maire Representatives from the banking sector joined. This was to discuss the subject of fees.
Indeed, prices appear to have risen significantly. lately, affecting the purchasing power of the French. With an increase of 1.5% in one year, according to a study carried out by Panorabanques comparator. so they would be past from €216.70 in 2021 to €219.90 in 2022.
With the purpose of limit rising costsby purchasing power, banks have decided to moderate their prices. There was an energy shield, we are implementing a shield on bank chargesdeclared the Prime Minister in Bercy.
Thus, banks in France have agreed to limit fee increases to 2% billed to their customers. In this highly competitive industry, each establishment may propose its own price within the ceiling limit.
Some banks freeze their rates for purchasing power
some french banks will freeze your bank fees throughout 2023 in very common servicessuch as bank cards, continues the minister.
After cap on bank chargesby the purchasing power of the French, Four banks have taken the step of freezing their rates. Among the good students are the post bankBNP Paribas, Ie Credit Union and LCL. And this, as we can read in the pages of our Figaro companions.
these devices are especially suitable for homes facing rampant inflation and declining purchasing power. It will therefore be necessary be particularly alert on the cost of payment incidents, for example.
Though certain aids have been planned as tariff shieldwhich will continue in 2023. Or the energy check for homes the most modest. Despite the presence of these aids, vigilance is still necessary.
Incident fees are still present
the French Banking Federation (FBF) announced that the fragile offer to the client, to which only one in six vulnerable clients currently participateswill be reduced from 3 to 1 euro per month.
This offer includes account maintenancea payment card, the ability to withdraw or deposit cash. As well as the supply ofa bank account number (RIB), four monthly transfers and much more. However, the offer does not cover all bank charges.
Notably in case of incidents. Like unauthorized overdrafts, returned checks or direct debitswhich will continue to apply. Despite the decline in purchasing powernot all charges can be waived.
Nevertheless, fragile customers will be able to benefit from a safeguard. These incidence expenses will be limited to 25 euros per month. Few 4.1 million people identified as frail will experience an increase of 8% in one year in 2021.
your purchasing power therefore suffers a blow that they do not control. They will pay an average of 118 euros in the year for all bank charges. This is the equivalent of about 10 euros per month.
Nor does this negotiation date back to the unacceptable freedom given to banks define, as they deem appropriate, the groups they consider so vulnerable.
the result is that many customers are deprived of a cap on their charges. Each bank has a more or less restrictive definition of vulnerable clients. This term covers a wide range of cases and doesn’t always match or not depends on income.
Finally, this bank fee shield is rather limited to vulnerable clients, in order tohelp purchasing power suffering from inflation.