French check processing fee controversy of 2010

Updated on Nov 04, 2023

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In 2010 the French government's Autorité de la concurrence (the department in charge of regulating competition) fined eleven banks €384,900,000 for colluding to charge unjustified fees for check processing, especially for extra fees charged during the transition from paper check transfer to "Exchanges Check-Image" electronic transfer.

The banks were as follows:

Banque de France

BPCE

Banque postale

BNP Paribas

Confédération Nationale du Crédit Mutuel

Crédit Agricole

Crédit du Nord

Crédit Industriel et Commercial (CIC)

LCL

HSBC

Société Générale