Transfers, direct debits: the authorities will investigate discrimination at the IBAN

Posted on Nov 24, 2021, 5:23 PMUpdated Nov 24, 2021, 6:24 PM

Faced with discrimination at the IBAN, the French authorities have decided to crack down. In a press release published on Wednesday, the Directorate General for Competition, Consumption and Fraud Control (DGCCRF) and the National Committee for Cashless Payments (CNPS) announced on Wednesday that they “will conduct investigations” and take ” the sanctions ”which are necessary to“ put an end to these illegal practices ”.

IBAN discrimination is a phenomenon that particularly affects customers of new banking players, such as Revolut or N26. As the latter do not issue a French bank identifier – based respectively in Lithuania and Germany, they have a European passport to export their banking license – their users are regularly refused transfers or direct debits, for example aimed at paying. a telephone or energy bill, or even to receive payment of their salary. A practice however illegal since the entry into force of the regulation on the Single Euro Payments Area (SEPA) of 2012, remind the authorities in their press release.

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