Banking service: Everything that changes in May for your money

Banking service: everything that changes in May for your money

Companies are also entitled to a basic banking service

Like consumers, from 1er May 2021, businesses will now also have access to a basic banking service.

  • the execution of payment transactions, including the transfer of money to another payment account, held with the same or another payment service provider;
  • making direct debit payments;
  • payment transactions using a payment instrument;
  • deposit or withdraw cash in one of the EU Member States.

The basic banking service does not confer any right to obtain a credit facility.

“It should be emphasized that the basic banking service does not confer any right to obtain a credit facility”, according to the details of the law firm Xirius.

In practice, after a refusal to open an account with three banks the company will have to submit its request to a new “Basic Banking Service Chamber”, specifically created within the FPS Economy, which will then be responsible for designating a bank required to provide the basic banking service to the company.

New tire label to choose safer and more efficient tires

From 1er May 2021, the sale of tires (intended for cars among others) will have to be accompanied by a new energy label, so as to allow the consumer to make your choice based on fuel efficiency tire, its rolling resistance is wet grip his external rolling noise his grip on snow and ice.

This label is supposed to help the customer deliberately choose safer tires (reduced braking distance), more economical, and quieter explains Traxion. “It still happens too often that customers choose tires with performance below optimal levels, which has a negative impact on the number of road accidents and consumption (CO2 emissions)”.

Note that a QR code will allow the consumer to find additional information about the mentions on the label.

Reduction of VAT in the Horeca

From May 8 until September 30, 2021the VAT applied in the Horeca sector will be reduced to 6% on drinks alcoholic or not, as well as on meals.

However, customers risk having to pay more than before for their consumption. due to the price hike envisaged by several owners of establishments. This is according to a survey carried out by Horeca Vlaanderen.

While the extent of this price increase is unclear at the moment, precise figures should follow soon, says Horeca Vlaanderen, who describes the owners’ decision as “logical”.

The official launch of Upy, the neo bank for the youngest

By the end of May, the Belgian neo bank Upy will be officially on track, according to confirmation from its spokesperson, Emmanuel Deroubaix. It stands out from other neo banks by its target audience because it is aimed at children from the age of 10 as well as adolescents.

In practice, these are parents who open the account of their child. The child carries out banking and savings operations through an application specially developed for teenagers. A mirror application allows parents to keep an eye on their children.

The Belgian neo bank Upy is aimed at children from the age of 10, as well as teenagers.

The latter can set spending limits receive notifications when the card is used, activate or deactivate it, and select categories of purchases where their child can spend money.

Funds in Upy accounts are protected up to 100,000 euros by the deposit guarantee scheme, just like in traditional banks.

Wallonia: zero-rate loan for the rental guarantee

The Wallonia will launch, on May 3, a zero-rate loan mechanism for prospective tenants. This one will be accessible for principal residence leases, joint tenancies, and for student leases depending on the applicant’s income.

The zero-rate rental guarantee is available for main residence leases, joint tenancies, and for student leases.
It aims to help potential tenants to constitute the rental guarantee required to access the rental without altering the contractual relationship between the lessor and the tenant and with the invisibility of the granting of the loan on the side of the lessor.

The duration of the repayment credit will be fixed according to the financial capacities of the applicant over a period of up to 36 months for loans relating to a principal residence lease or flat sharing. For student leases, the maximum duration will be 24 months.

As to the number of loans, it will be equivalent, for main residences/flatshares, for a maximum of two months of the fixed monthly payment, i.e. an average of 1,200 euros. For the student leases the amount of the loan will be up to three months of the fixed monthly payment, i.e. 1,080 euros on average.

Wallonia: request compensation in time 11

In order to lessen the direct economic impact of the crisis on the hotel sector, the Government of Wallonia has been granting since April 22 a specific intervention for the self-employed and companies that are mainly active in this sector.

Brussels: apply for the Tetra premium in time

Under certain conditions, companies in the sectors of the event of the culture from tourism of the’Horeca and sport can receive a financial bonus from the Region (available since April 19).

The bonus is granted per establishment unit in the Brussels-Capital Region (max 5 units per company), active in the sectors concerned, whose start date at the Crossroads Bank for Enterprises is no later than December 31, 2020.

Brussels: the Waterbus resumes service

The Waterbus, the means of public transport that crosses the Canal between Brussels and Vilvoordewill resume its activities every day of the week, from 9 a.m. to 6 p.m., 8 times a day starting May 3.

Between July 1 and August 15, it will also sail on weekends. A trip costs between 2 and 3 euros while children under 12 enjoy a 50% discount.

The bikes can be taken on board at an additional cost of 1 euro. On the other hand, boarding is free for folding bikes and buggies.

New for the consultation of the microchip of a domestic animal

From May 1, 2021, a pet’s microchip contact data will no longer be public. This is an adaptation to comply with the General Data Protection Regulation (GDPR).

This means that only veterinarians, the police, and shelters will, from this date, still be able to access this data, via a specific portal. Except, if the owners of cats and dogs allow this data to be visible.

To do this, they must give their explicit consent by connecting to the official registration platforms for these animals namely DogID for dogs and CatID for cats. This completely free process is already possible for dog owners. For felines, it will be necessary to wait until May 1st.

 

Anyone with a chip detector can identify the owner of the animal in case of misplacement.
In practice, by bringing their ID card (and a reader), of their pin code and cat or dog microchip number (present on the animal’s passport), it is possible to change chip settings and switch from a “private” mode to a “public” mode.

Everyone, equipped with a chip detector, will be able in this way to continue to read the coordinates given on the chip and thus identify the owner of the animal in the event that the latter has gone astray, for example.

Entry into force of the new conditions of Whatsapp

At the beginning of January, you probably received a warning from the Whatsapp app about an update to its terms of service and privacy policy. This asked you to accept its new conditions before February 8 or you would no longer be able to access your account.

If you refuse to accept Whatsapp updates, you will no longer be able to send messages or make calls.

But faced with public outcry over this request, WhatsApp finally decided to postpone the entry into force of these changes to May 15, 2021. So there is a good chance that you will receive a new warning by mid-May (if you have not already accepted the new conditions).

If you refuse to accept WhatsApp updates, you will no longer be able to send messages or make calls. On the other hand, you still receive notifications or calls for a few weeks, just to make you want to accept. If this is still not the case, your account will be automatically deleted after 120 days of inactivity.