The movement of Yellow Vests has already won 600 Millions € in bank fees to the French for 2019! Explanations ...
Without the movement of Yellow Vests, in 2019, French banks planned toincrease bank charges and take in addition, the astronomical sum of 500 to 600 million € in bank charges on the accounts of the most precarious French people, that is to say in banking difficulties. This amount has just been unveiled by the Banque de France.
Indeed, on the "wise" advice of President Emmanuel Macron, the bosses of French banks decided this week to freeze the increase in bank charges and cap exceptional charges (called incident charges) at 25 € / month for 2019. The corresponding total sum has been estimated between 500 and 600 million and there are 3,6 million people in banking difficulty in France. Brought back to each person in difficulty, this sum represents a "bank gift" per person and per year of more than 150 € ...
This may sound like a step forward for the most precarious French people thanks to the movement of yellow vests. But it also betrays a bludgeoning of the French in bank charges. The sum calculated above by the Banque de France only concerns the capping measure and the freezing of bank charges! In addition, bank charges capped at 25 € / month still represent a ceiling of 12 * 25 € = 300 € / year…This is far from negligible in the current economic context for many French people.
Bank charges are a fairly unfair system which further crushes people who are already in financial difficulty, a profound reform of the banking system should be seen! The use of the verb "Render" in the article below is quite appropriate:
This will amount, according to the Banque de France, to return to households 500 to 600 million euros of purchasing power.
Outside of France, for example in Belgium, most personal bank accounts can not go into negative, so there are no possible agios or unpleasant surprises. Why not make this possible in France systematically or at the request of the customer?
We will also note, among other privileges, theabsence of VAT on most bank charges: should banks not collect and pay their share of value-added VAT like other companies? Ah of course, it is true that bank charges (agios for example) are not all subject to invoicing in the strict sense of the term: they are simply taken from accounts. In the name of what is this banking privilege still acceptable in the difficult economic context which has made born the movement of Yellow Vests?
You will find below the source of the facts analyzed in this article.
Yellow vests: banks and large groups respond to Emmanuel Macron's call for help
To meet the need for purchasing power of yellow vests, the President of the Republic asked the banks and French companies to make an effort. In particular, the largest French groups took the opportunity to pay their employees a year-end bonus free of tax. On the other hand, this measure will not affect small companies.
On the eve of a new day of mobilization of yellow vests, said Act V, the President of the Republic, Emmanuel Macron, hopes that the reinforcement he has received from banks and large French groups will push a part discontented people to give up the now traditional Saturday demonstration.
On Monday December 10, during a speech to the nation, Emmanuel Macron announced social measures in terms of minimum wage, CSG and overtime. On this occasion, he also announced that he would receive banks and large companies at the Élysée in order to solicit their contribution. Something done on December 11 and 12.
The bosses of the big French banks have agreed to freeze their bank charges for 2019 and to cap the costs of banking incidents at 25 euros per month for the 3,6 million “most fragile” people. This will amount, according to the Banque de France, to return to households 500 to 600 million euros of purchasing power.