Transfer
The legal framework for bank transfers: the customer's rights and the bank's obligations
By Raphaël MORENON1 June 2025The bank transfer is now an essential tool for individuals and businesses alike, making it easier to exchange money on a daily basis. Whether the transfer is to pay rent, settle a supplier invoice or transfer funds to a relative, its apparent simplicity masks a precise legal framework. Understanding the rights and obligations of each party, in particular the customer and the bank, is essential if these transactions are to be carried out smoothly. This article provides a summary of the rules governing bank transfers in France and within the SEPA area, to help you understand your prerogatives and the responsibilities of financial institutions. We will look at the different types of transfer, including instant transfers, execution times in working days, the impact of public holidays such as Easter or 1 April, and the role of European payment systems such as TARGET. What is a bank transfer and what are the different types?
Deadlines and liability in the event of a non-executed or delayed transfer
Banking and securities law, Credit transfersBank transfers, which have become everyday tools for individuals and businesses, are based on precise legal mechanisms. However, sometimes a transfer is not carried out correctly or is delayed, raising questions about the applicable deadlines and the liability of banks. Understanding these rules is essential to...Due diligence obligations of the bank in the case of an international transfer
Banking and securities law, Credit transfersInternational credit transfers are commonplace in a globalised world, but they expose users and banks to increased risks, particularly in terms of fraud and money laundering. In view of these challenges, banks are subject to specific obligations of vigilance, reinforced by the...Blocking and disputing a bank transfer: what legal steps should be taken?
Banking and securities law, Credit transfersWhen faced with a suspicious or unsolicited bank transfer debited from your account, responsiveness is essential. Whether it's a transaction you've never authorised, an error in the amount or a direct debit whose legitimacy you dispute, there are legal steps you can take to assert your rights. Understanding the distinction...Bank liability in the event of a fraudulent transfer: what recourse do customers have?
Banking and securities law, Credit transfersThe dematerialisation of banking and the proliferation of online transactions have unfortunately paved the way for an upsurge in fraud, particularly fraudulent transfers. Whether individuals or businesses, no-one is immune to these sophisticated schemes, which can cause considerable financial damage. When the irreparable happens...
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