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A comment on Why it’s so hard to fix banking: An interview with Simple’s exiting CEO. Parent comment

Re:Why it’s so hard to fix banking: An interview with Simple... by simias on Saturday May 19, 2018 @07:19AM (#17107393)
I completely agree, I've been using the same bank for about 15 years now and I'm sure if I looked around I could find better deals but I simply can't be bothered to go through with it. It's not an American issue though, as far as I can tell the situation is nearly identical in Europe.
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Re:Why it’s so hard to fix banking: An interview with Simple... by stevekemp on Saturday May 19, 2018 @07:52AM (#17107496)
In the UK, at least, there are switching-services which aim to make it painless to change your bank. Your direct-debits, and bills get switched to the new provider, etc.

I've never used such a service myself, but I have heard from friends that the process was pretty painless.

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Re:Why it’s so hard to fix banking: An interview with Simple... by simias on Saturday May 19, 2018 @08:26AM (#17107615)
Interesting, I've never heard of a similar service in France but then again it's not like I've been searching.
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Re:Why it’s so hard to fix banking: An interview with Simple... by hocuspocus on Saturday May 19, 2018 @09:17AM (#17107770)
There is. The banking portability law is even called after your president :)

Most banks offer it, or at least claim to. However there's still no penalty for banks that don't do their job properly. But it shouldn't stop you, transferring all your SEPA direct payments isn't that hard even if you do it yourself.

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Re:Why it’s so hard to fix banking: An interview with Simple... by simias on Saturday May 19, 2018 @10:20AM (#17107987)
Thank you for the tip, I'll be sure to look into that the next time my bank annoys me, which statistically shouldn't take too long.
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Re:Why it’s so hard to fix banking: An interview with Simple... by hocuspocus on Saturday May 19, 2018 @10:30AM (#17108014)
Get a referral or wait for a promotional offer, the big players (Boursorama, Fortuneo, ...) regularly offer 130~150€ sign-up bonuses, which is a decent compensation for the time you'll invest switching banks.
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