All of the Crdit Mutuel federations have published their price brochures for 2024. According to our count, the average price of around twenty price lines will increase, beyond inflation for five of them.
Crdit Mutuel is, by far, the French people’s favorite banking brand. But more for its quality of services than for its prices. In the ranking of the cheapest banks (1)the best ranked federation is Crdit Mutuel Ocan, in 32nd place (out of 121), and most of the others appear above 60th place.
This will probably not change in 2024. The different Crdit Mutuel federations (Alliance Fédérale and Arka) have published their price brochures for the year. Among the tariff lines followed by MoneyVox, more than 20 are showing an increase And five of them even exceed inflation. Most of the time, the increases recorded at Crdit Mutuel are a little higher than those of the market in general.
Bank card, cash withdrawal… Here are the 8 services of your bank whose prices are increasing
The 5 tariff lines whose increase exceeds inflation
A reminder to begin with: each Crédit Mutuel federation is an independent bank and, as such, is master of its pricing policy. Price changes are therefore not uniform in all regions. The increases presented here are averages of the prices displayed in 2024, calculated after analysis of all the price scales. In short, these are trends.
Consequence: if you are a customer of a Crédit Mutuel, the percentages displayed here do not apply precisely to your case. To find out the real increases that you will experience, refer to the last 2 brochures from your fund, and make the comparison.
All the prices of the Crdit Mutuel federations
Here, in descending order, are the 5 tariff lines which have rising faster than inflationthat is to say by more than 4.9%, the increase in the consumer price index in 2023 according to INSEE.
| Product or service | Average price as of March 1, 2023 | Average price as of March 1, 2024 | Evolution |
|---|---|---|---|
| Redaction of the secret code of the bank card | 7.82 | 8.71 | +11.4% |
| 4 monthly shifted withdrawals (annual cost) | 19.33 | 21.20 | +9.7% |
| Occasional transfer (in agency) | 3.62 | 3.90 | +7.7% |
| Sending a checkbook (recommended) | 5.17 | 5.55 | +7.4% |
| Opposition on checkbook | 29.03 | 30.92 | +6.4% |
We thus find, as often, fees linked to the use of the bank card (cash withdrawals, redaction of secret code), the most used means of payment.
Also for the use of checks. The increase in the price of sending checkbooks home by registered mail, in particular, appears to go against the trend. For 2 years, the Banque de France has continued to point out the fraud risks linked to checks, notably resulting from thefts, in the sorting room or in mailboxes, of checkbooks sent by regular mail. In this context, banks would do well to promote registered delivery by lowering its price, or even offering this service free of charge, as some online banks do. Crdit Mutuel, in this case, does not set an example.
Check fraud: towards the end of sending checks by mail?
22 increases of more than 1% in total
Many other prices, even the majority of those referenced in the various brochures, will also increase. We chose to retain only increases greater than 1%. There we find, like every year, account maintenance, almost all ranges of bank cards, fees linked to the use of checks and punitive fees, like those charged to customers choosing to transfer their PEL to another bank.
| Product or service | Average price as of March 1, 2023 | Average price as of March 1, 2024 | Evolution |
|---|---|---|---|
| Account maintenance (annual cost) | 25.23 | 25.90 | +2.7% |
| 4 monthly SMS alerts (annual cost) | 18.01 | 18.67 | +3.7% |
| Transfer of PEL-CEL | 93.77 | 94.89 | +1.2% |
| Bank cards | |||
| Visa Electron (annual fee) | 32.60 | 33 | +1.2% |
| Visa Classic immediate debit (annual cost) | 44.40 | 45.49 | +2.5% |
| Visa Classic deferred debit (annual cost) | 45.37 | 46.28 | +2% |
| Immediate First Debit Visa (annual cost) | 131.38 | 133.69 | +1.8% |
| Visa First deferred debit (annual cost) | 132.11 | 134.22 | +1.6% |
| Instant debit Mastercard (annual cost) | 44.40 | 45.49 | +2.5% |
| Deferred debit Mastercard (annual cost) | 45.37 | 46.28 | +2% |
| Gold Mastercard instant debit (annual cost) | 130.90 | 133.44 | +1.9% |
| Gold Mastercard deferred debit (annual cost) | 131.66 | 133.97 | +1.8% |
| World Elite Mastercard (annual fee) | 290.07 | 299.77 | +3.3% |
| Maestro Mastercard (annual fee) | 34.17 | 35.76 | +4.7% |
| Checks | |||
| Stop payment fees on check | 15.27 | 15.99 | +4.7% |
| Bank check | 12.23 | 12.54 | +2.5% |
| Sending a checkbook (simple mail) | 1.97 | 2 | +1.5% |
Two prices down sharply
It should also be noted: the prices of two products or services are falling sharply. The first is the instant SEPA transfer whose average price passes from 0.94euro to 0.88euro piece (-6.4%). This reduction, however, is the result of a single federation, Crdit Mutuel Ocan, which opted for free service, whereas it previously charged one euro, like all the others. A reminder to put this gift into perspective: by the beginning of 2025 at the latest, all banks will have to comply with a European regulation reducing the price of instant transfers to the same level as that of traditional transfers, that is to say probably zero.
Bank account: two very good news for your future transfers
The other tariff line which is falling very sharply is that which is invoiced upon the death of a customer. The bank charges of a simple inheritance of 15,000 euros made in less than 2 months go from 280 euros to 163.33 euros, a drop of 41.7%. All of the Crdit Mutuel Alliance Fdrale federations have, in fact, simplified and lowered their billing for this service which has been controversial in recent times.
Crdit Mutuel, BoursoBank… These banks which eliminate fees for small inheritances
(1) On a classic consumption profile.