Sustainable development and solidarity passbook savings account (LDDS)

There is no income requirement to open an LDDS.

Tax domicile condition

To be able to open a sustainable and solidarity development booklet (LDDS) you must have your tax domicile in France.

There is no nationality requirement for opening an LDDS.

Tax home condition

In the same tax home, each spouse or partner of Civil partnerships subject to common taxation may hold an LDDS.

The others connected persons to this tax household can not hold an LDDS until they have a separate taxation.

An adult (or minor) cannot hold an LDDS as long as he is fiscally dependent on his parents. This is the case, for example, of an apprentice or student attached to the tax home of his parents, an adult with a disability if he does not have his own tax return.

No, a person cannot open or hold multiple LDDSs, because each taxpayer is entitled to only 1 LDDS.

An LDDS is personal, it cannot be reached with another person.

In the opening contract with the bank, the customer must declare on honor that he does not already hold this booklet in another establishment.

Yes, it is possible to accumulate an LDDS with other accounts on the booklet, for example the booklet A or the LEP.

If you are no longer tax-related to your parents and you are under 25, you can also earn an LDDS and a booklet Jeune.

The law does not provide for a minimum amount.

However, most institutions require a down payment of €10.

Payments and withdrawals are free (up to the ceiling). But banks set the minimum amount of each transaction at €10 .

The LDDS balance cannot become less than €10.

The transactions you perform on your LDDS are free: opening, depositing, withdrawing and closing.

There is no obligation to make periodic payments. Money deposits are possible at any time within the limit of the ceiling.

You can contribute to your sustainable and solidarity development booklet by check, cash payment at the counter or by transfer from a current account.

Since 1^er in july 2023, you can make a transfer to your LDDS from a current account at a bank other than the one where the LDDS is located.

The LDDS cap is €12,000.

The limit may be exceeded when interest is added to your savings.

But when the balance of the booklet reaches the ceiling, or exceeds it, following the addition of interest, you can no longer make a deposit on the booklet.

The interest earned on the LDDS is exempt income tax and social security contributions.

Banks must use the money raised under the LDDS to help finance the cash flow of small and medium-sized companies PME and social and solidarity economy actors or to finance projects contributing to the energy transition.

Each year, the bank from which you opened your booklet must offer to use the money saved on your LDDS to make one or more donations.

It offers you a list of at least 10 companies of the social and solidarity economy.

After you have provided the name of the chosen companies and the amount of the donations, the bank can make the payment directly from your LDDS.

You do not have to respond to this proposition, the donation of money from your LDDS is optional.

You can close your LDDS at any time and free of charge.

To close your LDDS, by letter or by visiting your bank, you must provide the following information:

• LDDS References
• Account number where the amounts remaining on the booklet must be deposited

If the LDDS closes during the year, interest on the period since the beginning of the year shall be credited on the closing day.

If a bank finds 2 LDDS in the name of the same person, it is obliged to close the irregular booklet. The most recent LDDS will be canceled and funds will be transferred to a suspense account.

When the bank is informed of the death of the LDDS holder, it must close the account.

Inheritance fees are now capped in all banks for deposit and booklet accounts.

The bank may charge you fees for the steps it takes in connection with the succession (inventory of funds, verification of the powers and identity of the heirs, transfer of money to the heirs...).)

The amount of the fee is capped at 1% the total balance of the accounts and savings products of the deceased. This amount cannot exceed €857.

If the LDDS holder no longer contacts the bank that owns the LDDS, this savings account is considered inactive. The bank has an obligation to hold the funds for a certain period of time. But after this period, she will have to close the account and transfer the funds to the Caisse des Dépôts.

It is possible to request to recover the funds using the online service Ciclade:

Ciclade (search for forgotten amounts from inactive accounts)