The device on the mobility bank enters into force on the 6 February. It should simplify the lives of consumers.
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Change of bank will he become as simple as switch to another mobile operator ? It is in any case the objective of the new aid package for the banking mobility, which comes into force on 6 February.
The ” mandate of mobility “, that is his name, has been put in place by the law Macron from July 2015. Until now, when a customer changed his dairy, he himself would have to sift through his statements of accounts to identify the bodies (energy supplier, public Treasury, employer…) that perform transfers or regular direct debits on the account, in order to prevent his new direct debit. With the risk, not negligible, to forget the passage. Now, the new bank takes care of everything.
Remains to be seen whether this new device, which is free, will be of a nature to convince consumers to make the competition. Because, for the time being, the French are very faithful to this : ” The client remains, on average, between sixteen and seventeen years old in its main bank, indicates Baudoin Choppin de Janvry, consulting manager, retail banking at Deloitte. in The rate of turnover of clients is about 4.5% in France, against almost 8 % in most european countries, according to the report Mercereau 2014 on the portability of bank account. We expect, in the long term, a near doubling of the mobility in the Hexagon, thanks to the new mechanism “, hope Pascal Pflieger, deputy director-general of the online bank BforBank.
The players Internet, cheaper than networks traditional banking, are the first to rejoice in the contract of mobility. All of them are in active phase of conquest customers.
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Boursorama Bank, BforBank, Fortuneo, Hello bank and ING Direct offer, at this time, bonuses of welcome to 80 euros to their new customers. They also put forward the potential cost savings of several tens or even hundreds of euro, when an individual goes to a bank’s network to a facility online. This last practice the free on key products and services of daily life (credit cards, account fees,…).
” It’s still anxiety-provoking “
there is No doubt that the telecommunications operator Orange, which is expected to launch its mobile bank Orange Bank in the first half, will benefit also from this new device. the ” [last] should put in place an aggressive pricing policy, which will encourage the online players to continue to tighten their prices, says Daniel Pion, associated board retail banking at Deloitte. in But the term mobility should not trigger a new price war, because the margins of banking institutions are already under pressure, due to the very low level of interest rates. “
” The French are a paradox : they complain of the high prices, but are hesitant to switch to the competition “
similarly, the habits are tenacious, and we should not expect a Big Bang. the ” The French are a paradox : they complain about prices that are too high for their bank, but are still reluctant to switch to the competition, because it’s still anxiety-provoking “, finds Mary Horse, general director of Boursorama.
as much as other brakes exist. the ” The contract of mobility does not concern savings products “,, emphasizes Marc Giordanengo, a manager within the consulting firm Ailancy. In effect, the individual must address himself to transfer his investments.
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In practice, the easiest way is to close his / her Booklet A and Booklet on sustainable development (LDD) in the old bank, and then open new ones in the new facility. But the situation is complicated by the plan of housing savings (PEL), the shares saving plan (PEA) and the account title regular. In effect, the characteristics and the taxation of these investments are related to their opening date. No question, therefore, of the fencing in a bank to re-open elsewhere, at the risk of losing their grandfathered tax.
Impossible to migrate to a contract of life insurance
It is thus necessary to arrange a transfer in good and due form, which can take up to several weeks and is not free (the online banks often support these costs for their new customers). The institutions charge between € 40 and € 100 for transferring a PEL, and from 40 euros to 120 euros for a PEA, to which are added costs for each line of securities transferred, according to the comparison of bank fees Meilleurebanque.com.
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in addition, it is impossible to migrate a life insurance contract : the client must keep it in its former location. It may, however, open another contract in his new bank and the fed, since, unlike savings products regulated (Livret A, LDD, PEL…), it is possible to own several life insurance.
Finally, on the credit side (real estate, consumption…), the individual can keep it in the old facility, prepay or redeem with the new bank, which, again, may require a few sessions of negotiations.