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.
(*) 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).
💰 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.
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.