Section 3: Charges for the provision of information

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L314-7

Article L314-7

French Monetary and Financial CodeIn force
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Updated 8 Nov 2023

I. - The information provided for in this chapter shall be supplied free of charge to the Payment Service User.

II. - The payment service provider and its customer may agree to the provision of additional information, on paper or on another durable medium, to that provided for in this chapter, or to the provision of information more frequently and by means other than those provided for in the deposit account agreement or the framework contract for payment services. The payment service provider and the customer may agree charges for these additional services. Such charges must be appropriate and commensurate with the costs actually incurred by the payment service provider.

III. - During the month of January each year, natural persons and associations are provided with a separate document on paper or any other durable medium summarising the total sums received by the payment service provider during the previous calendar year in respect of products or services from which these persons benefit in connection with the management of their payment account or in application of the payment services framework contract or a deposit account agreement; in the case of a deposit account, this summary includes, where applicable, interest received in respect of a debit position on the account. This summary distinguishes, for each category of products or services related to the management of the payment or deposit account, the subtotal of charges levied and the corresponding number of products or services.

IV. - Where a currency conversion service is offered to the payer prior to initiation of the payment transaction and where this currency conversion service is offered at an ATM, point of sale or by the payee, the party offering the service to the payer is required to provide the payer, on paper or another durable medium, with information on the charges applied and the exchange rate that will be used to convert the payment transaction.

V. - A decree issued on the advice of the Financial Sector Consultative Committee establishes a common denomination for the main banking charges and services that banks are required to comply with.

Mariela Petrova

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Common Questions

Working with a corporate lawyer in France — Q&A

Any time a strategic decision changes how the company is owned, governed or contractually bound — incorporation, fundraising, M&A, restructuring, shareholder agreements, or major commercial contracts. Earlier engagement always costs less than later remediation.

A notary (notaire) is a public officer who authenticates specific deeds (mainly real-estate transfers and certain family-law acts). A corporate lawyer (avocat) advises on strategy, negotiates and drafts company documents, and represents you in disputes. The two roles complement rather than overlap.

Yes — most of our clients are foreign suppliers, investors or holding entities. We bridge the gap between French law and your home jurisdiction's expectations and deliver everything bilingually.

The SAS (Société par Actions Simplifiée) is the default choice for most international structures: flexible governance, single shareholder allowed, no minimum capital, and works cleanly with foreign holding entities. We assess SARL, SA, SCI on the merits when the situation calls for it.

Yes — communications with a French avocat are protected by the secret professionnel (Article 66-5 of the Law of 31 December 1971). This protection is broader than the common-law attorney-client privilege and applies to written and oral exchanges.

We work on fixed fees for clearly scoped engagements (incorporation, contract drafting, audits) and on monthly retainers for ongoing advisory. Hourly billing is the exception, not the default. You always know the cost before work starts.

Typical timeline is 2–3 weeks from KYC kick-off to RCS registration, assuming standard documentation. Holding-company structures, foreign-shareholder identification or in-kind contributions can extend this — we flag the gating items at the first meeting.

Absolutely. We routinely coordinate with your in-house counsel, expert-comptable or notaire — pragmatic collaboration is the norm, not the exception. We send them everything they need to do their part without duplicating work.

Mariela Petrova

Mariela Petrova

Avocate au Barreau de Paris

Toque #C2396

15+ Years In Corporate Practice

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Communications protected by professional secrecy — secret professionnel de l'avocat, Article 66-5 of the Law of 31 December 1971.

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