Consumers wanting to hold an ELP In this bank no longer have an obligation to hold a current account.
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On March 31, 2021, the UFC-what to choose announced to have assigned the postal bank before the judicial court of Paris, so that it is condemned to stop a practice of constraining the holders of a savings plan. Housing (ELP) to open a paid current account. Thursday, March 17, almost a year later, before the judgment has been rendered, the consumer association announced that it has found a Agreement with this bank, on the conditions of opening and operating its plans.
The UFC blamed the bank to exercise a kind of blackmail on its customers: if they did not want them to be closed, they had to open a current account and make regular payments. To open this account, they had to pay at least 13.20 euros per year, but the charges charged could reach 100 euros. Those who refused to submit there saw their fenced Pel.
No legal disposal
However, the UFC said, the ELP is a “free product” and “no legal provision imposes on its holder from also opening a current account in the bank concerned”. The only expected obligation is to perform monthly, quarterly or half-yearly – monthly deadlines – payments on the PEL.
The agreement found provides, according to the UFC, that:
- consumers holding an ELP with the Postal Bank, or wishing to subscribe an ELP, no longer have an obligation to hold a postal check account (CCP);
- The PELs held at the postal bank can now be powered from an open account on behalf of the customer in another bank;
- Customer information on PEL payments obligations (minimum payment for subscription, minimum annual payment, periodicity, consequences of non-compliance with these obligations) is strengthened.
In addition, the consumers whose PEL has been terminated by the Postal Bank at the end of the year 2020 because of the non-detention of a CCP or the non-subscription of the programmed payment service “Regulas “They were able to request the reopening of their PELs, in conditions identical to those of the fence, that is to say with their seniority and, above all, the same interest rate. This agreement puts an end to the judicial procedure.