Glossary entry

French term or phrase:

pied de compte

English translation:

minimum balance

Added to glossary by Allison Neill-Rabaux
Jul 28, 2013 21:03
10 yrs ago
6 viewers *
French term

pied de compte

French to English Bus/Financial Finance (general)
"Rémunérer les pieds de compte" - A client request to their bank for Payment and Cash Management products and services.

Discussion

Allison Neill-Rabaux (asker) Jul 29, 2013:
Hi there - it's a response to an open-ended question in a client banking satisfaction survey. The respondent is a corporate client. This text is the full answer to a question on how PCM products can be improved.
narasimha (X) Jul 29, 2013:
Can you give me more details which will assist me to find the correct translation for this term?
narasimha (X) Jul 29, 2013:
Can go me more details? Does it mean close account/ is it that the bank should pay all that is in his account?
AllegroTrans Jul 28, 2013:
Asker Please provide surrounding text (at least 2 complete sentences). Please remember that we "out here" cannot see your document. What is it? a letter? an email? What kind of client? individual? corporate?

Proposed translations

+1
15 hrs
Selected

minimum balance

What I think the client is asking for is a high-interest current account. Usually, to obtain interest or higher-than-usual interest on a current account, you need to maintain a minimum balance in the account.
This is what the "pied de compte" is.
I would phrase this: "pay interest in exchange for maintaining a minimum balance"

See:


Autre élément à considérer pour la négociation: votre contrat avec votre banque. Si ce dernier comprend un ***pied de compte, aussi appelé dépôt à vue***, cela signifie que vous laissez constamment sur le compte un montant minimum. Dans ce cas, la banque sera encline à vous concéder des avantages plus nombreux. En effet, ce dépôt à vue représente une somme disponible en permanence, que l'établissement peut placer à sa convenance, et fait de vous un client précieux.

https://fr.wikipedia.org/wiki/Types_de_dépôts_bancaires
Un dépôt « à vue » est un dépôt, rémunéré ou non, dont les fonds peuvent être retirés partiellement ou totalement à tout instant. Il est comptabilisé dans l'agrégat M1 par les banques centrales


Un dépôt à vue a pour caractéristique de pouvoir être restitué à tout moment sur simple demande de la personne déposante ou de son mandataire. En France, un dépôt à vue peut être rémunéré depuis 2004.

http://www.trader-finance.fr/lexique-finance/definition-lett...

The payment account with a minimum balance is a payment account where you can determine on your own the minimum amount that you would like to keep in the account and for this amount you get an attractive interest rate.

http://www.fibank.bg/en/payment-account-with-a-minimum-balan...

--------------------------------------------------
Note added at 15 hrs (2013-07-29 12:58:27 GMT)
--------------------------------------------------

More sources:
Pay a monthly account fee of £2, fund the account with £500 a month (a minimum balance of £1,000 is required to receive interest); and set up a minimum of two Direct Debits. For cashback household bills must be paid by Direct Debit.

http://www.santander.co.uk/csgs/Satellite?appID=abbey.intern...

Interest on credit balances

You will earn interest if you maintain a set minimum credit balance in your account. Interest on your High Value Current Account will be calculated daily and paid monthly.


http://www.barclays.com/africa/ghana/high_curr.htm
Peer comment(s):

agree AllegroTrans
10 hrs
Something went wrong...
4 KudoZ points awarded for this answer. Comment: "I think you've nailed it Marie-Helene. Many thanks!"
3 hrs

Account threshold

Not sure, but found this as an explanation in French:

https://www.cic.fr/fr/banques/professionnels/votre-metier/as...

"vous déterminez le pied de compte, c'est à dire le montant à partir duquel va se déclencher le dispositif Acti-Trésorerie"
Note from asker:
Thanks Annie!
Something went wrong...
14 hrs

high or low balance threshold

I've seen "pied de compte" used to describe when overdraft protection is activated.
Note from asker:
Thanks Patti.
Something went wrong...
Term search
  • All of ProZ.com
  • Term search
  • Jobs
  • Forums
  • Multiple search