Wednesday, 3 February 2010

French retail banking gets a thorough going over

CI member CLCV has just published their annual retail banking survey for 2010, putting an impressive 140 French banks under scrutiny. The study compares 57 types of financial product or service, covering over 15,000 different fees and charges.

A key finding is that in mainland France the same service can be up to 220% more expensive depending on the provider. 'Bundled' or 'packaged' products were also found to be more expensive for consumers than purchasing the same products and service individually on a 'pay as you go' basis. This despite banks promoting 'packages' as better value for money. For more see:

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