Ma French Bank, the mobile subsidiary of La Banque Postale, has just published its new price brochure, which will come into force on April 3. It includes two significant price increases, +45% and +100%, on two current operations. Find out which ones.
The first concerns the cash withdrawals made outside the network of La Banque Postale ATMs. Their price will increase from 0.90 euros to 1.20 euros eachbe one 45% increase. This increase, however, concerns only the Original Account, entry-level plan at 2.90 euros per month. All withdrawals, in and outside the euro zone, remain free with the Ideal Account, premium version at 6.90 euros per month. Inflation on these so-called “inappropriate” withdrawals is, moreover, a general trend in retail banks.
Bank fees: why cash is costing you more and more
Another underlying trend, the rise in the price of transactions carried out with the help of an advisor. Ma French Bank customers do not have access to La Poste counters, but can contact a human, by chat or by telephone. Asking him, for example, to make an occasional transfer of less than 3,000 euros previously cost 5 euros. From April 3, it will be double, or 10 euros. This increase also applies to requests to cancel a transfer, set up a permanent transfer or edit an account statement, among others.
My French Bank on borrowed time
Launched in 2019, Ma French Bank could soon disappear. La Banque Postale announced in December that it was studying a “project to cease activities” for its subsidiary, which “has not achieved profitability and has not yet found its economic model,” detailed a press release.
La Banque Postale: My French Bank is almost over!
This project could result either in a takeover of the customer portfolio or, more likely, in an outright closure. In this case, MFB customers, currently numbering around 700,000, will have to find a drop-off point, at La Banque Postale or elsewhere.
Ma French Bank customers, which offers should they turn to, at Banque Postale or elsewhere?