Reports of new admin fees from high street bank – According to reports in The Connexion newspaper France “one of France’s leading high street banks has introduced new admin fees of up to €300 a year on second-home owners and other non-resident account holders”. The paper also reports that another bank is also doubling fees for certain clients who live abroad. Meriem Jammali, president of banking consumer association SOS Litiges Banques & Assurances, said banks are free to fix their fees and, while they must communicate changes, this can be via their website before adding that “one must always check statements and annual fees.” She also said that “if comparing banks, also bear in mind factors such as any fees for receiving transfers from outside the EU. Some banks even apply these on transfers from the UK post-Brexit despite it remaining in the Sepa zone. Links to tariff brochures can be found on banks’ websites. Her association has helped some clients to obtain a partial reimbursement of such fees, she said.
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