If you are not satisfied with your current bank, you can consider leaving it and making a transfer to a new bank. Banking procedures and formalities related to the transfer of all your money to a new bank in France are not very expensive, but they encourage many customers to keep their savings in the same bank for years, even if it is not profitable for them.
But it is worth doing the calculation and checking the costs related to the conservation of financial products in a given bank, because it is often advantageous to leave your bank for a new bank. As this article points out, the termination of the contract with your current bank may be favourable, either because of the absence of fees and commissions promised by some banks and savings banks or other reasons that we will present here.
High cost of banking commissions
A reason for transfer your money to a new bank is the high level of fees that can be charged by the bank where you keep your savings. Ideally, you should not be billed for account keeping, credit card or bank transfers, but most often, it is.
At a time when every euro counts, it is necessary to study clearly what the bank or bank institution is charging for the offers and banking services it provides and, if the customer finds a new, more profitable proposal to consider a bank change or opt for online banks.
Increasing Mortgage Benefits
Savings on mortgage fees are one of the reasons, year after year, for transferring customers from a bank to a new one. Getting rid of excessive costs, clauses, high interest rates, commissions and the obligation to contract a large number of additional products is possible, but mortgages are not always free of small print and levies.
If you have more than 100,000 euros, you will have to transfer part of your savings to another bank. Before moving to another bank, it is necessary to weigh the pros and cons, in particular because the contracts of this type of credit are long-term and the benefits that can be obtained are high.
Benefits of direct transfer of your salary to your bank account
Banks and savings banks are trying to get the wages of workers, because they represent a regular and continuous income, money on which they can rely safely. This is why they often launch campaigns to attract new customers.
Persons whose monthly wages are paid directly to a banking institution do not receive almost any benefit, except in some cases the exemption from accountancy charges. However, those who change the domicile of their salary for one bank to another can get great benefits.
Before making this bank change, you must study and check online what the new bank is offering. When you apply for a loan or credit, the conditions will be better if your salary is paid directly into your bank account.
It is therefore preferable not to attach too long to a bank just because of the gift. If, on the other hand, the new institution offers an interesting banking offer which does not imply excessive permanence, the change can bring considerable benefits to the customer.
Few ATMs or agencies in the city
Sometimes customers are satisfied with their bank's offer and do not want to change. However, they find it very difficult to conduct their daily banking operations, either because the agency is away from home or service, or because there are few agencies, few vending machines in the city or the absence of the online bank. The change of bank is more difficult in these cases, but it sometimes considerably improves the banking operations that the customer has to carry out.
Dissatisfaction with the treatment of the bank
One of the reasons why a customer may want to make a change of bank is his dissatisfaction with the way he is treated in his current bank. Poor reception or discontent with a bank service can make it decide to leave a bank for another financial institution.
While it is often the relationship of trust that makes a person stay in a bank, it also happens that long-standing clients do not receive the treatment condition they deserve. In order to attract new investments, the long-standing customer is left behind. If the dissatisfaction is due to inappropriate treatment by an employee, it is preferable for the client to give it verbally or in writing before leaving the bank.
Online Banking
Previously, visiting another bank involved visiting several agencies in France, learning about the conditions of each bank, making long queues and obtaining information in person. Now, thanks to the internet, you can view the benefits offered by each institution online and make a decision faster.
If you go to an online bank, it's also easier because you can do it from home using your computer. Security is the same online as in physical banks, but the convenience and amplitude of opening hours are greater.
Drafting opinion
In France, steps to leave or change banks are surprisingly easy. If the services in your current bank no longer match you, take the opportunity to change and choose a fairer, more ethical and more sustainable bank. But before you act, look for the best option. To do this, do an online search or visit banks and find out personally about their products and steps to open an account in the bank. In this way, you will also have an idea of the quality of their customer service.
If making a bank change is one of your current concerns, know that transferring to a new bank is possible at any time. However, you should not overlook the closing of your old bank account and opening in the new establishment. Choose the new bank based on the condition that it offers customers, its levies on different banking operations and its credit offer.
Of course, leaving one bank for another does not guarantee a reduction in fees in the new long-term bank. It is feared that other banks will follow the same trend in fees. So another change is not to be excluded if you want to continue saving. But know how to make the right decisions about it. However, an online bank can offer you the comfort you need.