Subsection 3: Bank charges

The Government may, by decree, define the maximum amounts that banking establishments may charge individuals in French Polynesia 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 French Polynesia, credit institutions, payment institutions, electronic money institutions and the Office des postes et télécommunications de Polynésie française shall, between 1 June and 31 July, at the invitation of the High Commissioner and in the presence of the Institut d’émission d’outre-mer, take part in negotiations aimed at reaching an agreement to moderate the prices of the banking services referred to in Article L. 753-3.By 1 June…