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“40% are multi-banked”: the French are increasingly unfaithful to their bank

“40% are multi-banked”: the French are increasingly unfaithful to their bank

EXCLUSIVE. According to a study by comparison site Panorabanques, more than a third of French people now have a secondary bank. And 13% changed their primary bank last year.

By Maxime Gayraud
More and more French people are opening accounts in two or more institutions. (Illustration) LP/Aurélie Audureau

The expression "don't put all your eggs in one basket" has never been more relevant in the banking world. According to a study by the comparison site Panorabanques, which we are revealing, 60% of French people have a single bank account. This figure is a marked decline, as they were still 64% at the end of 2023, according to a study by Ifop for the French Banking Federation.

"In other words, this means that 40% of French people now have multiple accounts," notes Anna Meylacq, spokesperson for Panorabanques. Accounts in two or three institutions, or even more for those who are the most opportunistic.

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