Proposition 51K2988

Logo (Chamber of representatives)

Projet de loi concernant certains services bancaires.

General information

Submitted by
PS | SP MR Open Vld Vooruit Purple Ⅰ
Submission date
March 13, 2007
Official page
Visit
Status
Adopted
Requirement
Simple
Subjects
bank banking bank deposit bank charges competition financial institution free service

Voting

Voted to adopt
Vooruit Ecolo LE PS | SP Open Vld MR

Party dissidents

Contact form

Do you have a question or request regarding this proposition? Select the most appropriate option for your request and I will get back to you shortly.








Bot check: Enter the name of any Belgian province in one of the three Belgian languages:

Discussion

April 19, 2007 | Plenary session (Chamber of representatives)

Full source


Rapporteur Magda De Meyer

The committee met on 21 and 28 March on this draft. The Minister held an introductory presentation to emphasize that the possibility of changing bank is an important factor in the competition between the banks and that the administrative burden or closing costs must absolutely be pressed.

The first step was already taken through the gentlemen’s agreement with the banks to reduce the administrative burden. With this design, the obstacle to closure costs is now also taken away.

During the general discussion, Ms. Ghenne of the PS referred to a bill in the Senate calling for free closure of visitor accounts at credit institutions. However, it could fully support the proposed draft, which has a wider scope of application compared to the bill submitted to the Senate.

Mrs Creyf referred to the European draft directive, which is in the final stage, and found that the Minister’s draft goes beyond what is stated in the directive. The directive stipulates that certain so-called reasonable costs can still be charged. She wondered why Belgium wanted to go further.

Another point in the Directive was that a maximum notice period of one month could be respected when closing a savings account. Also there, Mrs. Creyf wondered why Belgium goes beyond the EU directive.

The present draft is, in my opinion, a beautiful follow-up to the Master Agreement and by going beyond the European Directive we confirm our good reputation in the field of consumer protection.

The Minister replied that the European directive indeed sets a standard, but that it is up to each Member State to move further. Some banks still charge certain fees when closing an account, which can reach up to 20 euros. It is very important to make this completely free of charge in order to increase mobility between banks.

As regards the notice period, if a consumer resigns quickly, he may have good reasons for it. According to the Minister, it was perfectly logical that if a customer has paid in advance for the use of a sight or savings account, he or she can recover the amount paid in excess upon cancellation.

Finally, the committee voted. The draft was adopted with eight votes for and three abstentions.