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Switch Banks

Posted on December 12, 2012 | No Comments

The relationship between a customer and the bank may experience difficulties for several reasons:

Why People Switch Banks

Why People Switch Banks

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.

Switch Banks to the New

Switch Banks to the New

For many reasons, a client may want to change banks. This operation involves expenses, takes time and is not free of obstacles.
Switch banks
Non-portable products
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.

Switch Banks

Switch Banks

It is advisable to start by opening the new account and make the necessary transfers (transfers, taxes …).

Life insurance

Life insurance cannot be transferred or closed to avoid losing the benefits associated with it.
The mortgage

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

Percentage is The Reason Switch Banks

Percentage is The Reason Switch Banks

Many books are transferable from one bank to another:

booklet sustainable development,

booklet A and B,
booklet young
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.

People Switch Banks

People Switch Banks

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.

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