A Bill to Generalize Advances on Wages

While the subject had been left in the hands of financial services actors, a bill had recently been introduced by a member of the National Assembly to generalize salary advances in France. The question is asked in particular in order to help the French to gain flexibility in the payment of their income.

FACTS

• A bill, No. 1087, was tabled in the National Assembly on 11 March by the deputy Jean Laussucq. It was intended to "ensure more flexibility in the payment of advance payments for employees".

• The text had since been withdrawn by its author, who planned to draft a new law on the subject in the coming days.

• Interviewed by the media, Jean Laussucq nevertheless wanted to clarify the contours of his project. Its new text proposes a solution to split wage payments in France. This will allow employees to apply to receive their monthly salary in several times.

• According to the first available evidence, only amounts already earned during the month could be released, up to 50% of the mid-month salary.

ISSUES

• Promote greater flexibility : French employees can currently make requests to receive a down payment on the 15th of each month, thus receiving half of their salary at that time. Mr Jean Laussucq, for his part, believes that this possibility still lacks flexibility and, above all, is currently unknown and underused.

• Reduce overdraft costs : MP Jean Laussucq highlights figures according to which the French would pay 7 billion euros in bank charges and agios each year. In particular, in order to limit the impact of these costs on the finances of the French, the MP wants to propose his law. Last Panorabank study On the development of bank charges, it is clear that banks revised their tariffs upwards in 2024 by 2.1%, after a stagnation in 2023.

• Respond to request 64% of French employees would like to be able to unblock part of their wages during the month, according to a OpinionWay study published recently and completed for Stairwage, specialist in pay process and salary advances.

PERSPECTIVE

• The subject of salary advances and down payments has long been the concern of financial services actors, which are multiplying initiatives to offer value-added services on this subject to their users.

• These services are already being offered internationally by actors such as FinTechs, the Schemes and others New banks or software accounting.

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