My accounts – LCL 4

LCL is one of the largest French banks. With a history of a century and a half, the mastodon has developed in the digital field preferring its traditional banking status. With the overhaul of its offers and a late opening to the world of online banking, LCL now has its place among the Boursorama, Fortuneo or other Monabanq. But is it however at the level ? Answer in this opinion.

Credit Lyonnais (LCL) Bank

Credit Lyonnais (LCL) is one of the Major French Commercial Banks. It was wanded by Henri Germain in July 1863 and was the Large Bank in the World by 1900. In The Early 1990s, Crédit Lyonnais was the Large State-Owned French Bank.

Credit Lyonnais (LCL) Bank, 4.0 out of 5 based on 108 ratings

LCL BANK SERVES MORE THAN 6 million Customers Through A Network of Approximataly 2,000 BRANCES IN FRANCE AND Offices in More than 60 Countries. LCL Provids Consumer and Commercial Banking as well as investment services (Corporate Finance, Securities Brokerage and Asset Management).

When LCL was acquired by Credit Agricole, they shifted their focus back to the french market. The Services They Provide TODAY Are Direct Towards Individual Private Banking and Banking Professionals. Offred Services Included Online Banking, Corporate Banking, and Asset Management.

There are Currently 5 Subsidiaries Operated by LCL: Interfimo (Funding Agency for Independent Professionals), Themis Bank (Financing of Insolvency of Companies), New Angle (Investment in New Housing) and BFC-AG (French Commercial Bank of Antilles and Guyana).

LCL Headquarters Address:
19 Boulevard des Italiens
Paris F-75002
France

Contacts:
Phone: +33 1 42 95 70 00
Fax: +33 1 42 95 00 95
Website (French)

Customer Support Phone Numbers:
– from France: 09 69 36 30 30
– from Abroad: +33 9 69 36 30 30

Bank Branches Opening Hours:
Monday: 9:00 A.M. To 5:15 p.M.
Tuesday: 9:00 a.M. To 5:15 p.M.
Wednesday: 9:00 A.M. To 5:15 p.M.
Thursday: 9:30 AT.M. To 5:15 p.M.
Friday: 9:00 AT.M. To 5:15 p.M.

Credit Lyonnais (LCL) Bank, 4.0 out of 5 based on 108 ratings

GD Star Rating
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Atms and Branches of Credit Lyonnais (LCL) Bank:

• Credit Lyonnais Bank (LCL) Branches in Toulouse
• Credit Lyonnais Bank (LCL) Branches in Lille
• Credit Lyonnais Bank (LCL) Branches in Strasbourg
• Credit Lyonnais Bank (LCL) Branches in Montpellier
• Credit Lyonnais Bank (LCL) Branches in Bordeaux
• Credit Lyonnais Bank (LCL) Branches in Nantes
• Credit Lyonnais Bank (LCL) Branches in Nice
• Credit Lyonnais Bank (LCL) Branches in Marseille
• Credit Lyonnais Bank (LCL) Branches in Lyon
• Credit Lyonnais Bank (LCL) Branches in Paris

My accounts – LCL 4+

I changed my phone number so now i can’t log into apps installed on new devices.

Many Foreign Banks Allow You To Change Your Phone Number Online. Lcl doesn’t— you have to manually call them. Incredible Impritical.

Developer Response ,

To accompany you, you can contact our online advisers at 09.69.36.30.30 – Tell an advisor (Monday to Saturday from 9 a.m. to 5.30 p.m. Schedule valid in mainland France. Non -surcharged call for any operator in mainland France).

Privacy app

The Developer, Credit Lyonnais SA, indicates that the app’s privacy practices may include handling of data as described below. For more information, see the development’s privacy policy.

Data not linked to you

• Identifiers
• Data use
• Diagnostics

Privacy Practices May Vary, for Example, Based on the features you use or your age. Learn More

Information

Seller the Lyonnais Credit SA

Compatibility iPhone requires iOS 14.0 LATER. iPad Ipados 14.0 LATER. iPod touch requires iOS 14.0 LATER. Mac requires macOS 11.0 or later and a mac with Apple M1 Chip or Later.

LCL: a traditional bank that does not have the fabric of a real online bank

LCL is one of the largest French banks. With a history of a century and a half, the mastodon has developed in the digital field preferring its traditional banking status. With the overhaul of its offers and a late opening to the world of online banking, LCL now has its place among the Boursorama, Fortuneo or other Monabanq. But is it however at the level ? Answer in this opinion.

LCL characteristics

Opening premium	40 €
Income condition	Accessible without conditions
Initial deposit	50 €
Account costs	Free or paid depending on the account
APPLICATION	Android/ iOS
Mobile payment	Paylib/ Apple Pay
3D Secure	Yes

LCL (Crédit Lyonnais) in a few words

Crédit Lyonnais, or newly ” LCL “Is one of the oldest banking establishments in France. It was founded in 1863 and was part of the Trinity of ” old »Alongside the BNP Paribas and the SG. First of all a business, it was partially privatized from 1999 after a quasi-subsidiary.

Since 2005, the bank has reconcentrated its activities on individuals and professionals in addition to creating a real online bank center. It has no less than 1900 agencies in mainland France and more than 6 million customers.

LCL prices

LCL works with the two largest cards supply establishments that are visa and mastercard. With nine cards and different accounts, the offer being not very visible at a glance, it is therefore necessary to look at the services of each LCL account to find the one that corresponds to the best. We are far from the simplicity advocated by the majority of online banks and neobancs on the market. LCL is still carrying out its traditional bank inheritance and does not intend to open the door to a easier access offer.

In recent years, the bank has however launched an offer ” Essential », An LCL account accessible to all, billed 2 euros per month and giving the right to a Mastercard Classic card with immediate debit. Overall, we are entitled to some travel insurance, but without free costs abroad on withdrawals and payments, or even an overview. Account holding is however free.

In our case, we preferred to direct ourselves to classic and premium offers, the most common as part of the opening of a bank account. Here are the prices and different characteristics of each card:

LCL therefore offers a large (too wide) range of bank cards. It even goes to the Visa Infinite card which is only distributed in a few banks ” accessible »». However, it is impossible to open an LCL account online directly with the latter, you must call on an agency advisor. More generally, unlike other online banks, the granting of a card or another is not conditioned by a strict monthly income: the assessment of the bank through the his advisers. Understand that you have every interest in going through a physical agency and contacting an advisor if you want a premium card. LCL therefore loses a lot of its interest in ” online bank »».

An account opening that takes its time

LCL being above all a bank deeply rooted in its traditional base, it is of course possible to open an account with an agency advisor. Nevertheless, LCL has been offering a completely online opening procedure for some time on its website. The procedure and the customer journey are similar to those that can be found in other traditional banks such as Société Générale. It still takes a little more time than a classic online bank since it is necessary to provide some more documents, such as a tax notice dating from less than three months and at least two documents of identity during validity.

It is however new in an online bank. LCL had the good idea to integrate the connection module ” France Connect »Allowing to easily inform your civil status thanks to one of your national identifiers (taxes and social security, in particular). It’s quite convenient if you have them on hand and it allows you to spend several steps and save considerable time, well seen !

On the other hand, once the choice of the bank card is available, few possibilities are available to the one who only wants an online account of account creation. The choice of a premium card will often give rise to an appointment in an agency to delimit the contract methods.

Classic banking guarantees, with its disadvantages

Whatever account chosen, each customer must pay 50 euros to use their account as soon as the file is accepted. This deposit must be made via a bank transfer by providing the IBAN in the external account. This money can then be used from the new LCL account.

Regarding the overdraft, the authorization is based on the account. An account ” Essential “Is not entitled to it, but most of the classic accounts have an overdraft management. On the other hand, in the event of a debtor balance, the costs may be raised over time. A long-lasting unauthorized overdraft (beyond 30 days) in LCL leads to the perception of agios at the rate of 19.65 % per year with a levy in 4 times at the end of the quarter. In this case, an appointment with a bank advisor is automatically set up with the possibility of transforming his overdraft into consumer credit.

Welcome premiums

Even if they are less frequent than certain banks whose acquisition strategy is based on opening premiums, LCL is not to be outdone and regularly offers sums of money to its new customers.

If you wish to open an account and benefit from these offers, it is recommended to follow the updates on our good plans or on our Twitter account @FrandroidBonPlan to be informed at best.

Sponsorship

LCL is certainly the least generous bank on the subject of sponsorship. Where some offer sums sometimes raised to the godfather and the godson, Crédit Lyonnais offers only a simple gift card of 35 euros only for the godfather. The latter is to be used in 500 stores and 50 partner sites. We are far from the 50, even 80 euros offered to sponsors and godchildren in some online banks.

Variable insurance and services depending on your card

Even if prices and rates are comparable to what can be found in other traditional banks, LCL is much less generous when it comes to insurance and additional services. We note for example the average payment insurance at 34.80 euros per year, or the services offered free of charge in other banks such as the daily or weekly account statement per SMS, respectively at 5.30 euros per month or 1, 39 euros per month.

Finally, in addition to classic savings booklets, various credits and financial tools, LCL offers a rounding savings portfolio, baptized System’Epargne. The principle is the same as what Monabanq offers: each payment, LCL takes the amount of the rounding from the higher euro (or the 5 euros higher), and the difference is placed on a savings account. It is also possible to pay all or part of the sums on another account of the family, such as that of children or even to donate it to the Mécénat de la surgery association, a bank partner.

A very light cashback service

LCL is one of the banks that have invested the most in its strategy cashback these last years. The bank notably launched the LCL City Store, a kind of associate signs in which each purchase brings money. This system also emphasizes proximity by highlighting the participating shops near you via a dedicated function from the LCL application. Rates in cashback can go up to 10 % and the money accumulated is paid the following month to the LCL account.

Customer service

Like many online banks, this aspect is a matter of everyone’s experience. The advantage of LCL compared to other online banks is the possibility of getting around an agency with an advisor in the event of a dispute or the need for information on his account. On the other hand, LCL also thinks of its online customers and it is obviously possible to contact by phone, email or even Visio with the bank to get help.

And cryptocurrency ?

LCL is not a cryptopanque and will not be long before long. The establishment is one of the banks prohibiting its customers from making trading virtual currencies from and towards dedicated platforms like Binance or Coinbase. This is also the case with other traditional banks such as the savings bank or BNP Paribas.

Our opinion on the LCL mobile application

The LCL application has been the subject of a large overhaul in recent months with the adoption of a new interface incorporating the bank’s visual codes. Navigation is pleasant, fluid and ergonomic to say the least. Overall, we find ourselves quite easily and even the least accustomed will have no trouble meeting, we think in particular of the elderly.

On the other hand, the LCL application allows very few original options outside the City Store (tool of cashback)). Transfers, ceilings management, opposition to the card (but without temporary blocking) and check requests are roughly the only options available in addition to the overall visualization of its accounts. In addition, payments and withdrawals are not immediately debited and require 24 hours before being taken into account. We also regret the absence of fundraising notifications which is however a typical functionality of online banks.

On the other hand, and it is rather a good idea, the application incorporates a cat which allows to carry out steps directly with your banking advisor in a secure space. This allows you to have a simple and direct link with an advisor, without having to move to an agency for certain current needs. We also appreciate biometric authentication, via fingerprint sensor or with Face ID on Apple devices. The application also adds a third -party bank and thus serve as an account aggregator to view all of his accounts in the same place.

On the mobile payment side, LCL is compatible only Apple Pay and Paylib to pay for purchases with your smartphone. So again we must ignore the Google (Google Wallet) solution as is the case with a lot of traditional banks. It is also curious that LCL has its own mobile payment application called “LCL mobile payment”, all managed by the Paylib platform. We still wonder its real usefulness.