Bank fees, overdrafts and dangers of debt

The French pay on average €230 a year in bank charges, a study has found – but fees range from a low of €5 at the internet bank BforBank to a high of €290 at BNP Paribas Particuliers.

The figures came from comparing real sums paid by customers, not official rates, and were compiled by the money management application Bankin. Unsurprisingly, internet banking was the cheapest, with BforBank top at €5 and Fortuneo, €8, and Boursorama, €16, at second and third.

One high cost can be ...

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