Online banks are known to apply particularly attractive rates and to significantly facilitate the management of one's account. Savings products and loans can be quite limited compared to those of physical banks. Is this also the case for eLCL?
eLCL is the service of online banking of LCL (le crédit lyonnais). It was created in 2005 and allows you to manage your account, subscribe to different products and make transactions anywhere and anytime. Each customer, whether an individual or a professional, can directly access his or her customer space. Moreover, each customer has a personal advisor who can be reached by e-mail, webcam or telephone during weekdays.
In the opinion of many people, eLCL is not necessarily the best online bank. It is outdone by banks like Boursorama and Fortuneo. Moreover, bank cards are not free whereas they are at many other online banks. Its relatively late entry into this market has not worked in its favor either. However, there is no no account maintenance fees as for almost all online banks.
What are the different products and services offered by eLCL?
- Savings products: these products are particularly profitable with eLCL. In addition to the classic livret A, LCL also offers a livret of its own, namely the Cerise booklet which allows you to invest as much money as you want. There is also a savings book dedicated to children.
- The real estate loan: the bank has the advantage of offering fixed rate loans as well as variable rate loans. Apart from that, the proposed rate is not the most advantageous of the market. Moreover, the anticipated refunding is accompanied by important indemnities.
- Blue cards: eLCL has the advantage of offering a a wide range of products in this field. It can meet the needs of those who are looking for the most basic offer as well as those who want to have a whole lot of extra services. Although the rates are a little higher than elsewhere, they are not exaggerated.
- Consumer credit: eLCL has taken care to sort the different credits by category. In addition, the subscription to this loan can be done online. But here again, the rates are far from being the most advantageous on the market.
- Services: on this side, the services are similar to those offered by most online banks. In other words, it is possible to check your balance and order a checkbook with ease.
- Life insurance: this product so dear to the French is more or less interesting at eLCL thanks to the variety of contracts offered. But once again, the rates are a bit high.