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Limits on France's Livret A account withdrawals
I understand that with Livret A savings accounts there is a daily limit on cash dispenser withdrawals. Do you know, can you withdraw as much as you like if you go to a counter in the branch? Also is there any limit on how much you can transfer from the Livret A to another account with the same bank? B.S.
You would have to check with your own bank but there is often a standard limit of a maximum withdrawal of €800 from the bank counter per seven-day period, and a withdrawal maximum of €500 using a Livret A card at a machine, again in a seven-day period.
This said, these limits can be varied by separate agreement with the bank.
There would not usually be limits if making a transfer to your own current account with the same bank but there may be a limit or ban in the case of transfers to an “external” account, including, in banks which are organised regionally, to your own account with the same bank in another region.
As a matter of interest, there are also minimum withdrawal amounts, set at €10 with all banks except the Banque Postale, which has a minimum of €1.50.
Reader's query answered by Hugh MacDonald
The Connexion welcomes queries and regularly publishes a selection with answers. However, please note that we cannot enter into individual correspondence on money topics. Queries may be edited for length and style. Due to the sensitive nature of topics we do not publish full names or addresses on these pages.
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The information here is of a general nature. You should not act or refrain from acting on it without taking professional advice on the specific facts of your case. No liability is accepted in respect of these articles. These articles are intended only as a general guide. Nothing herein constitutes actual financial advice
