Article R221-79 of the French Monetary and Financial Code
November 6, 2023
Holders of youth passbooks must request closure of their accounts by 31 December of the year in which they turn 25 at the latest. Deposit-taking institutions are required to automatically close the accounts of holders who reach the age of twenty-five on 31 December. Amounts credited to a closed account are transferred to another account designated by the holder of the Livret Jeune or, failing that, to a suspense account,…
