The relationship between a customer and the bank may experience difficulties for several reasons:
Money Management: This is when the overdraft, the bank allowed to over-indebtedness;
will out: it is then how to switch banks;
dispute: the banking ombudsman intervenes.
For many reasons, a client may want to change banks. This operation involves expenses, takes time and is not free of obstacles.
The current account
The current account can not be transferred from one bank to another. To switch banks, we must close it and open another one in the new bank.
It is advisable to start by opening the new account and make the necessary transfers (transfers, taxes …).
Life insurance cannot be transferred or closed to avoid losing the benefits associated with it.
A mortgage can not be transferred. It can however be bought, but it is interesting that if interest rates have fallen sharply.
Transferable free products
Many books are transferable from one bank to another:
booklet sustainable development,
booklet A and B,
People’s savings account.
Products transferable fee
When a person wishes to change bank and it has a PEA, a CEL or PEL, it can transfer them.
These products should not be closed, otherwise the benefits associated with them are lost.
To transfer this type of product:
requires that both banks are in agreement,
you have to pay the transaction (between 40 and 100 €)
wait several weeks minimum since no time is fixed.
Mutual Funds or SICAV products are even more difficult to transfer because they are products called houses.