Manual Other services Cashback Current account interest The remunerated current account

The remunerated current account

Remuneration is calculated and paid automatically, during the 1st fortnight of each next month, into the Sumeria account of those who use it as their current account.

Starting September 1, 2024, the nominal rate of remuneration is "boosted" to 4% for any customer who has made their first payment(*) with their card within the last three calendar months. After this period, the customer will no longer benefit from the "boosted" nominal rate of remuneration.

(*) By "first payment with the card", it means: the first card payment made by customers who have never made a payment with the card before, or the first card payment after a minimum period of 24 months since their last card payment for customers who have previously made payments.

Gross interest

The annual rate is applied to the amount present in all of the client's accounts (excluding money pots, up to a maximum amount of €5,000, or €100,000 for clients who have subscribed to the black card or Lydia Black+), for each day of the previous month, if the client has reached the minimum number of card transactions in the month (15 transactions per month).

Calculation

For eligible customers, Sumeria takes account statements every day of the previous month and applies the gross annual rate.

(sum of all user's account on day 1 * x%/365) + (sum of all user's account on day 2 * x%/365) + etc

Estimate on mobile app home screen

The following key information on customers' current account interest is displayed on the mobile app home screen:

  • net interest estimate they have accrued during the ongoing month
  • estimate of the number of card payments remaining to receive the interest

Conditions

Sumeria card usage

The principle is to reward the use of Sumeria as a current account. Therefore, are rewarded only calendar months during which Sumeria cards are used at least 15 times.

Also, to avoid any misuse of the principle, card payments of less than €0.50, ATM withdrawals, and operations whose purpose is to credit an account of any kind are not taken into account in the calculation of remuneration.

French Tax Residents

Only French tax residents can benefit from this remuneration.

Note: to receive this interest, customers must have entered their tax residence on the application's "Personal information" screen, which can be accessed from their smartphone by clicking here.

Owned accounts

Only accounts owned by the customer are considered (excluding money pots). Money in a shared account can only benefit its creator for the remuneration.

Minimum Net Interest of €0.50 or €0.25 (Depending on Eligibility)

To be granted, the remuneration amount for a month must be at least €0.50 net for customers benefiting from the “boosted” nominal remuneration rate, and €0.25 net for other Participants.

Monthly Bonus Simulator (Gross)

The remuneration amount varies depending on the money present in the accounts on each of these days (and the applicable remuneration rate, whether "boosted" or not).

To maximize bonuses, the customer should put money in their Sumeria accounts, use a card regularly, etc.

💰 Average balance*

Remuneration 4% (gross)

Remuneration 2% (gross)

€500

€1,64

€0.82

€1 000

€3,28

€1.64

€2 500

€8,22

€4.11

€5 000

€16,44

€8.22

€10 000**

€32,88

€16.44

€50 000**

€164,38

€82.19

*Money present every day across all accounts (excluding Money pots) owned by the client

**Only for participants who have subscribed to the Lydia Black+ offer or the black Card

Taxation

The bonuses received are subject to taxation in France.

Remuneration is paid net of tax (70% of the gross amount). Sumeria takes care of the withholding tax (single flat-rate deduction of 12.8% income tax and 17.2% social security contributions), as well as the pre-declaration to the tax authorities. No action is required on the customer's part. Any remuneration received from Sumeria will automatically appear on the customer's tax return for confirmation.

In the conditions provided by law, the customer can request an exemption from income tax (12.8%). However, the customer cannot request an exemption from social contributions (17.2%). The beneficiary is responsible for submitting their exemption request each year no later than November 30th to avoid being deducted the following year, by contacting their advisor from the in-app messaging system or by clicking here from their mobile. This form must be completed and signed by hand. If you have already completed this form for the previous "Lydia bonus" offer, your declaration will automatically be taken into account for the "remunerated current account".
Customers who do not wish to benefit from the interest-bearing current account must inform the customer service or click here from a cell phone. If you have already applied for the previous "Lydia bonus" offer, your application will automatically be taken into account for the "remunerated current account".

For more information, visit Remunerated Current Account Conditions

Extra interest per referee

The Sumeria referral program allows customers who introduce and convert their circle to using Sumeria as their current account to earn the equivalent of 50% of their referees' remuneration every month, as long as they receive a Sumeria remuneration, for a period of 2 years.