Exaggerated account management fees, search for quality services, good account management... Here are so many reasons That pushes us to change banks. This is not an obstacle race, on the contrary, it is simply done.
In fact, every customer wants to find a bank on the cheaper possible. In addition, customers aspire to change of bank without charge, or free transfer. Would that be possible, and how do you take it? Through this article and the few tips that follow, we explain how to change bank without charge.
What are the options available to you?
That's it, your choice is made: to change bank in order to enjoy better Bank conditions and rates. Then how? Two options You are offered:
- Take steps All alone. In this case, it is up to you to make the account change;
- Ask for help from your new banking institution, in accordance with the Macron Law and the Bank Mobility Programme.
The advantage of the Macron law
The so-called Macron law on banking mobility came into effect from the month of February 2017. Its objective is facilitate the change of banking establishment for the benefit of individuals. From now on, any bank is obliged to offer a free servicesupport for banking mobility its new customers. Thus, banks will have to assist any customer who wishes to change his bank home.
As for the client, he must just affix his signature on a proxy for bank mobility followed by a bank identity statement (RIB). Let us remember that there is only the current accounts, either individual accounts, of deposit, or joint and payment accounts which are concerned by this servicesupport for banking mobility. Savings accounts are excluded.
Steps for an easy and free bank change
To make a change of bank, it is necessary take some steps. You will be obliged to follow all procedures, if you want to do so yourself. On the other hand, by receiving assistance for bank mobility, it is up to your future bank to assist you. It will be responsible for the formalities relating to the transfer of levies and transfers.
Start by opening a new bank account
When you choose to change banks, you must first think about Open another bank account. So, consult online the Comparison of banks to choose the bank that will meet your needs. Operation is Free of charge and allows to pay money to prepare the first levies. In addition, you will be entitled to a new bank account number. This number is essential to transfer your old debits and transfers to the new account.
Transfer levies and bank transfers
This second phase consists of transferring all of your banking. When you have a mobility mandate, the bank to which you migrate, supports the transfer of bank details. It will also take into account the change of address to make levies and transfers.
In concrete terms, this bank requires your ex-bank to directory of structures have made levies and transfers or periodic transfers to your account. It will also request a census of cheques drawn up and Uncashed in the last 13 months. As soon as the bank obtains this list, it informs each of the structures. So you won't have to call each of them personally, sometimes expensive and difficult.
As regards the services to be contacted when you want to change your bank, these include Internet, telephone, gas and electricity providers. Mutuals, taxes, insurance, employers, social security are as many services as you can add to your list.
Launch the closure of the old bank account
The last step towards a change of bank is to close old account. As long as a mobility mandate has been signed, the new bank will also be able to deal with it. In order to do this yourself, one must address a account closing letter by registered mail accompanied by Notice of receipt.
In both cases, you will surely be invited to destroy your payment media (cheque, bank card) or return to your bank. Furthermore, you must make sure that your ex-bank account remains Well credited during a given period. This is the only way to avoid any payment incident.
Changing banking: how to migrate to an electronic bank?
An increasing number of French citizens opt for the change of a conventional bank to an electronic bank. Here too, the procedures do not no difficulty Hey! As soon as you choose your virtual bank, you only need to complete a subscription form to open an online account. You will then sign your online subscription form and send the documents required the opening of the account.
However, signing of a mandate bank mobility commits your new electronic bank to making bank transfers and close your ex-account. Otherwise, it is your responsibility to do these operations. When migrating to virtual bank, internet banking institutions mostly demand a first payment.
How long does it take to change bank?
Such an operation can actually be carried out in a short deadline, especially when you have a bank mobility mandate. Then, the bank change causes the debits and transfers to be domiciled on the new account. For an effective operation, it will be necessary to wait until 22 working days.
Drafting opinion
Before a bank account is closed, it is of course necessary to respect a few steps to ensure that prevent any payment incident. Thanks to the implementation since February 2017 of an emblematic measure of the Macron Act, these measures are now lighter. We strongly urge you to not immediately transfer your levies and transfers. Instead, take the time to appropriate and verify the operation of the new account banking.
For a start, perform a direct flow from the new account. Proceed with a transfer of funds to the outside, use your credit card for a cash withdrawal or payment. Then check the data of account statement. Depending on your needs, establish a cheque to pay an amount to a client or use the cheque received to cash. At the end of this trial, you will decide whether to continue with the new bank.