14 days to withdraw (2024)

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You have purchased goods and services on the website of a seller based in another European country? If you are not happy with your order, you can change your mindwithin at least14 days: this is called the right of withdrawal or cooling off.

What is the right of withdrawal or cooling off?

The right of withdrawal is a period during which you can cancel an online purchase, even if you have already paid. Before concluding a contract, the seller must inform you of the existence of the right to withdrawand its limits, or of the absence of a right to withdrawal.

Purchase online or at a distance: you can change your mind

Thanks to the European directive 2011/83, you have at least a14-day right of withdrawal following online or distance purchases. It concerns purchases realised:

  • on the Internet,
  • by mail order,
  • during a doorstep selling,
  • during a teleshopping,
  • outside the establishment of the professional (during a door-to-door selling, at the workplace, in a community centre, during organised excursions, etc.).
  • in a shopping following an invitation from the retailer to visit you on the spot.

Purchase in a shop, at a fair or exhibition: no withdrawal!

  • Any purchase made in a shop in Europe is in principle firm and final (except in Lithuania, which grants a right of withdrawal of 14 days even for purchases in shops). Therefore, in principle, you cannot cancel your purchase unless you pay a cancellation fee. In practice, many retailers offer as a commercial gesture the possibility of exchanging and/or refunding the item within a certain period of time. Before buying, check with the shop owner.
  • If you buy a product at a fair or exhibition in France,you will not be able to give it back free of charge either. A fair or exhibition is considered to be a "commercial establishment" of the seller or service provider within the meaning of European Union law, so it is as if you were buying in a shop

Good to know: According to the Court of Justice of the European Union (judgement of 7 August 2018), a stand run by a professional a few days a year at a trade fair is a "business establishment" if, in view of the circ*mstances, the appearance of the stand and the information relayed at the fair, you could reasonably expect that the trader would carry on his activities and sell his products or services to you.

Do I have a right of withdrawal for any purchase?

No. In principle, you only have a right of withdrawal for purchases made at a distance and outside the shop, see above.

But even at a distance, you do not always have a right of withdrawal. This is the case for:

  • Renting lodging for non-residential purposes, transporting goods, renting cars, catering or services related to leisure activities if the contract includes a specific date or period of execution (ex. trips, plane tickets, concerts...);
  • Emergency maintenance or repair work you have expressly ordered and within the limit of spare parts and works necessary to face the emergency;

The professionalcan also expressly ask you to give up your right of withdrawal so that services can begin before the expiry of the 14-day period, with your consent. This for example the case for:

  • Online purchase of software for download;
  • A subscription to a dating site with immediate access to the service.

For specific goods, you do not have a right to withdrawal either:

  • custom-order or personalised items (ex. engraved jewelry, photo album);
  • goods that spoil or perish quickly;
  • goods which have been unsealed after delivery by you and which cannot be returned for reasons of hygiene or health protection;
  • sealed audio or visual recordings or software that has been unsealed after delivery

Distance financial services: 10 to 30 days to change your mind

Since the European directive 2002/65/CE of 23 September 2002 concerning the distance marketing of financial services, you have, depending on the type of financial service suscribed to, a right of reflection or withdrawal from 10 to 30 days.

Are thus covered by the concept of "financial services":

  • online banking,
  • consumer credit,
  • some insurance,
  • investments ...

Attention: You do not have a right of withdrawal for financial services whose "price depends on fluctuations in the financial market that are likely to occur during the period of withdrawal" or whose "terms have been fully respected by both parties" (e.g. you cannot withdraw from travel insurance if you have already travelled).

Can I change my mind during the sales?

You benefit from a right of withdrawal on products on sale, second-hand or out of stock, provided that it is a remote or off-store purchase. For sales in shops, ask the shop owner. More information on sales.

Good to know:For purchases during sales, if something is wrong with the item you purchased and this wasn't visible at the time of purchase, you benefit from a legal guarantee of conformity.

How long is the withdrawal period?

Throughout the EU, you normally have a minimum of 14 days to change your mind about your purchase. You seller can offer a longer period but not a shorter one (otherwise it is an unfair term)

This period is extended by 1 year from the expiry of the initial 14-day period, if you have not been informed of the right of withdrawal by your seller. If in the meantime, if the seller informs you of your right, the period expires 14 days after the day on which you finally received the information.

This period begins the following day:

  • of the delivery of the goods;
  • the conclusion of the contractfor the provision of servicesand contracts for the supply of water, gas, electricity or digital content.

Where multiple goods are ordered in one order but are delivered separately, the withdrawal period expires after 14 days from the day on yiu acquired physical possession of the last good. If this period expires on a Saturday, Sunday or holiday, you have until the next business day.

Good to know

Legally in France, you can only exercise your right of withdrawal once you have received the goods purchased online. The cooling off right is meant to allow you to check whether the goods meet your expectations. Although some sellers may accept that you withdraw from your order before delivery in order to avoid unnecessary delivery costs and transport risks, they are not obliged to do so.

How can I exercise my right of withdrawal?

The seller should inform you about the existence, conditions, period and modalities for exercising your right of withdrawal and provide you with a model withdrawal form.

You do not have to justify yourself to the seller but you must inform the seller of your decision to withdraw.

  • Contact your seller in writing and keep a copy. Use the withdrawal form provided or write a clear message about your wish to withdraw. Prefer registered letters or e-mails with acknowledgement of receipt because in the event of a dispute you must be able to prove that you have withdrawn within the time limit.

Good to know: simply returning the good without a declaration or refusing delivery is not sufficient to express your wish to withdraw. Nevertheless some sellers accept this. So check the general terms and conditions.

  • Return your order within 14 days maximum, if the professional does not offer to pick it up. You must make sure you send the item to the right address. In some cases, the return address is not the same as the one from which the package came. If you are not sure, check the general conditions of sale or ask the seller for the procedure (return address, return number, etc.). Check if he/she provides you with a return label. In all cases the items must be carefully packed. It is possible to use the original packaging if it is solid and still in good condition, but this is not mandatory. Do not hesitate to take pictures of the good and the package before closing and sending it.

Advice

If you received your order in several packages and the seller gives you a returns slip for each one, respect this order so that the returns centre can register the returns correctly. Don't put all the products in one parcel!

Who pays the shipping fees?

The European Directive on consumer rights establishes that the consumer may have to pay the return shipping costs in case of withdrawal. If you were not informed of your obligation to cover the return shipping costs in advance, the seller is responsible for paying the fees.

For off-premises contracts, where the goods are delivered to the consumer's home, the professional shall collect the goods at his own expense if they cannot be sent back by post in the normal way.

How much does the seller have to reimburse me?

The seller is obliged to reimburse you for the full amount you have paid, including standard delivery charges (unless you have chosen a more expensive method of delivery such as express delivery for example).

If you return only part of your order, you will be refunded the price of goods returned + delivery fees in proportion to the number of items returned.

How long does the seller have to pay me back?

The seller must reimburse you no more than 14 days after being informed of your decision to withdraw. If the seller is retrieving the item, he/she may delay the reimbursem*nt until the item is picked up, or until he/she receives proof that you have sent the item back.

In case of late reimbursem*nt, if French law applies to your contract, you can request damages according to a specific scale.

What is the method of payment for reimbursem*nt?

The seller should reimburse you through the same payment method you used for the purchase. Unless you agree to a different method which does not result in additional fees. So if you paid by credit card, the seller cannot, in principle, reimburse you by check or voucher/credit on your customer account.

Can the seller only refund me partially if I have used the good or service?

For services which have begun with your agreement before the expiry of the right of withdrawal, if you still wish to change your mind, you must pay the seller an amount corresponding to the service provided until you decide to withdraw. This amount shall be proportionate to the total price of the service. If the total price is excessive, the amount shall be calculated on the basis of the market value of what has been provided.

Good to know:if the trader has not obtained your prior consent to the execution of the contract before the end of the withdrawal period as well as the proof of you giving upright of withdrawal, no money shall be due.

If you purchase goods, you have the right to examine them under conditions comparable to those in a store. So you do not have the right, for example, to wear a dress one evening or to watch the World Cup on a new video projectorand send it back the next day.

On the other hand, the seller cannot oppose you a depreciation of the item if you have only tried it to make sure of its size, its good working,etc.

Who can help me in case of a complaint against a European seller?

Funded by the European Union. Views and opinions expressed are however those of the author(s) only and do not necessarily reflect those of the European Union or the European Innovation Council and Small and Medium-sized Enterprises Executive Agency (EISMEA). Neither the European Union nor the granting authority can be held responsible for them.

14 days to withdraw (2024)

FAQs

What is the right of withdrawal of 14 days? ›

The exercise of the right of withdrawal shall release the parties from their respective obligations. It follows that: consumers shall be required to return the goods within 14 days after the date upon which the trader was informed of the consumer's intention to withdraw.

How much cash withdrawal is suspicious? ›

The Limit You Need To Worry About Is $10,000

“$5,000 is okay, but if you withdraw more than $10,000, the transaction will be reported to the IRS and at least one other government agency,” Bakke said.

Why do banks ask questions when withdrawing money? ›

ask me for additional information when I make a large deposit or withdrawal? Yes. The bank may be asking for additional information because federal law requires banks to complete forms for large and/or suspicious transactions as a way to flag possible money laundering.

How much cash can I withdraw without a red flag? ›

Under the Bank Secrecy Act (BSA), you are limited to $10,000 of cash withdrawals from your bank account per day.

What is a 14 day right of withdrawal? ›

You need to tell the seller you don't want the item within 14 days of receiving it. Once you've told the seller, you've got another 14 days to actually send the item back. You can use our template letter to let the seller know you're cancelling. Keep a copy so you've got proof you sent it.

What is the golden rule for withdrawal? ›

The 4% rule says people should withdraw 4% of their retirement funds in the first year after retiring and take that dollar amount, adjusted for inflation, every year after. The rule seeks to establish a steady and safe income stream that will meet a retiree's current and future financial needs.

Is depositing 5000 cash suspicious? ›

Depending on the situation, deposits smaller than $10,000 can also get the attention of the IRS. For example, if you usually have less than $1,000 in a checking account or savings account, and all of a sudden, you make bank deposits worth $5,000, the bank will likely file a suspicious activity report on your deposit.

How much cash can you keep at home legally in the US? ›

The government has no regulations on the amount of money you can legally keep in your house or even the amount of money you can legally own overall. Just, the problem with keeping so much money in one place (likely in the form of cash) — it's very vulnerable to being lost.

Is depositing 2000 cash suspicious? ›

When Does a Bank Have to Report Your Deposit? Banks report individuals who deposit $10,000 or more in cash. The IRS typically shares suspicious deposit or withdrawal activity with local and state authorities, Castaneda says.

How much money can you withdraw from the bank before getting flagged? ›

Ever since the Bank Secrecy Act of 1970, banks have been required to report any transaction involving $10,000 or more to the federal government, whether it's a cash deposit or a withdrawal.

Can bank tellers see your balance when withdrawing money? ›

Bank tellers can see your account balance, including money coming in and going out. However, they cannot see what specifically you spent your money on.

Do I have to tell the bank why I am withdrawing cash? ›

Our primary aim is to keep customers safe and secure, and our branches follow our processes carefully to achieve this. This will include asking you questions about the purpose of your cash withdrawal, and in some cases, for supporting documentation such as an invoice.

How much cash can you withdraw from a bank in one day? ›

ATMs have withdrawal limits varying among Indian banks, such as SBI with Rs. 40,000 daily, HDFC with Rs. 25,000, Canara Bank with Rs. 75,000, and ICICI Bank with Rs. 1,50,000. Each bank offers different limits depending on account type and debit card. Make sure to check the current limits regularly to avoid issues.

Do banks track cash withdrawals? ›

Banks must report any deposits and withdrawals that they receive of more than $10,000 to the Internal Revenue Service.

Can banks refuse to give you cash? ›

Banks face fines if they fail to provide free access to cash withdrawals for consumers and businesses, the Treasury has confirmed.

What does right of withdrawal mean? ›

When you withdraw from a purchase, in some cases you can make use of your right of withdrawal. This means that you can return your wares or withdraw from the purchase agreement. It also applies to big purchases like homes or cars.

What is the law of withdrawal? ›

withdrawal. n. 1) in criminal law, leaving a conspiracy to commit a crime before the actual crime is committed, which is similar to "renunciation." If the withdrawal is before any overt criminal act the withdrawer may escape prosecution. 2) the removal of money from a bank account.

What is the safe withdrawal rule? ›

As a rule of thumb, many retirees use 4% as their safe withdrawal rate—the so-called 4% rule. The 4% rule states that you withdraw no more than 4% of your starting balance each year in retirement, adjusted each year for inflation.

What is the duration of withdrawal? ›

The precise duration of withdrawal is influenced by which substance someone used as well as the magnitude of their dependence on the substance. It may take days, weeks, and—in some cases—months to reach complete resolution of all withdrawal symptoms, depending on various factors and individual differences.

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