To end the month in the red is the fear of many French people.
For 20% of them, it often becomes reality.
According to a survey by the online banking fee comparator Panorabanques.com for
, one in six French people is
at least once a year and two in ten are overdraft every month.
The study also specifies that the authorized overdraft amounts to
“235 euros on average over ten days a month, five times a year”
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Last year, they were six in ten to find themselves in the red at least once a year and 21% of those polled exceeded their authorized overdraft, according to a study by Panorabanques.
A situation that often affected more modest households without sparing the better-off since 47% of people who earn more than 3000 euros per year had an overdraft at least once a year.
The comparator draws the same note this year:
"young people from 18 to 34 years old and people with an income of less than 1,500 euros per month remain the most affected"
, explains its general manager, Laure Prenat at Le
The latter have been particularly affected by the economic crisis caused by the coronavirus epidemic.
Around 250 euros of costs per year
Being in the red comes at a price, and overdraft bank charges can go up quickly.
"A customer exceeding overdraft every month can pay 250 euros in costs per year"
, explained Laurence Prenat to the local daily, last year.
It is indeed necessary to count, on average, 20 to 30 euros of expenses per year in agios (overdraft fees) to which are added on average 72.50 euros of forcing fees (bank overrun fees) if the overdraft is exceeded.
It is also necessary to count the cost of the commission of intervention (8 euros) with each overdraft, as well as the newsletters sent to the customers for
“unauthorized debit account”
, approximately 10 euros by mail, and this in 76% of banks.