About Lydia Solutions "inactivity fees"
"Inactivity fees" are due to a French legal requirement called "Eckert law" , which applies to French banks, credit establishments and payment services companies. So, what are those inactivity fees?…
Incident fees for inoperative seizures
What is an inoperative seizure? A seizure is considered to be inoperative when the customer’s account does not have sufficient funds to honor the claim (or when the seizure is no longer justified - e…
Be careful, fraudsters tries to impersonate Lydia
We have identified a number of fraud attempts in recent days. To protect yourself, please read the following explanations. Observed modus operandi. Fraudsters contact Lydia customers by text message…
Requirement for identity verification
Following the publication of the decree n° 2023-63 on February 3, 2023 , Lydia is required to verify its customers’ identity. Requirement for Lydia and its customers. To combat fraud, the Ministry of…
