Why such a huge amount?

According to a report by the Banque de France, the average outstanding of a current account is 7701 euros. Furthermore, An amount that may seem very important, even insane. Furthermore, He actually hides deep inequalities.

While a large part of the French is regularly found in the red. Meanwhile, for some overdraft is only a distant mirage. However, In a report published this Thursday. Furthermore, July 17, the Banque de France was interested in the money that the French have on their current account (s). Similarly, And the results are surprising.

In all, the institution tells us, there are 85 million current accounts in France, also called “police deposits”. For example, A figure greater than the national population, which is explained by the fact that many French people have several. Consequently, A common account with his companion/his partner, or another account in another bank for example.

But the why such huge amount? Banque de France tells us especially that the average outstanding of a police deposit rises to … Nevertheless, 7701 euros. A figure that seems particularly important, even insane. The current account is the one we use for its everyday operations: withdrawal, transfer, payment … and unlike other investments such as booklet A, it is generally not remunerated. Why then keep so much money on it?

Very rich accounts that boost the average – Why such huge amount?

Obviously, some French people have already completed their regulated savings booklets on their ceiling. And prefer to keep a certain amount of money immediately available. But does this population really represent the average?

In reality, this average is pulled up by a minority of current accounts which contain a lot of money. The Banque de France actually tells us in a graph that 12% of vision deposits have an outstanding more than 10. 000 euros, but that alone they why such huge amount? represent 83% of the total outstanding.

It is therefore necessary to imagine that some accounts have several hundred. even millions of euros. Enough to contrast with the 29% of current accounts which have less than 150 why such huge amount? euros …

The mediating current account around € 1000

The average is therefore truncated. Another indicator will surely speak to more French people: the median. The report of the Banque de France does not give it precisely. but it is possible to locate it from the graph.

The latter therefore tells us that 29% of French people have less than 150 euros. that 12% have between 150 and 500 euros and that 17% have between 500 and 1500 euros. We can therefore deduce that the median is around 1000 euros. Half of the Frenchman is less than this sum on his current account, while the other half has more.

This figure still seems more consistent and representative of the situation of the French. Nevertheless, this colossal gap between the average and the median reflects important inequalities. We have seen that the richest 12% alone represent 83% of the overall outstanding. The poorest why such huge amount? 29% weigh them … 0.1%.

Inequalities to be put into perspective

A contrast to be put into perspective. however: these 29% accounts with very little money are not necessarily those of people in financial precariousness. First there are surely a lot in the lot which is inactive, and therefore probably empty or very little garnished.

Then, many French people are used to transferring their salary to a booklet or another savings product. And to keep only the necessary on their current account. even if it means falling outdated if they are authorized by their bank. They can bail out the account at any time with the money put aside on their booklet A for example.

The Banque de France also tells us that this practice tends to be universalized: despite this outstanding the stunning current account. the French are saving more and more. “In 2024, the savings rate was 18%, after 16.7% why such huge amount? in 2023,” said the report.