Subsection 3: Bank charges

The Government may, by decree, define the maximum amounts that banking establishments may charge individuals in New Caledonia for the following banking services: 1° Opening, maintaining and closing an account; 2° One change of address per year; 3° Issuing bank identity statements on request; 4° Direct debit for bank transfers; 5° Sending a monthly statement of account transactions; 6° cashing cheques and bank transfers free of charge; 7° cash deposits…

I.-In New Caledonia, credit institutions, payment institutions, electronic money institutions and the Office des postes et télécommunications de Nouvelle-Calédonie (New Caledonian Post and Telecommunications Office) shall take part, between 1st June and 31st July, in negotiations convened by the High Commissioner and in the presence of the Institut d’émission d’outre-mer (Overseas Issuing Institute), with the aim of reaching an agreement to moderate the prices of the banking services mentioned in…