France has a highly advanced banking system, with over 266 national banks to choose from. If you are planning move to Paris but haven’t actually arrived yet, there is the option to open a bank account remotely. If you’re from an EEA country, you can open a French bank account even if you aren’t actually a resident there. However, as a non-resident, there are more restrictions on your account options so going in to a branch in person will be preferable.
There are so many back for you to choose from, but these are a few of the biggest and most popular.
Britline (Crédit Agricole)
Not every bank will require all of these documents but many of them will, and making sure you have as much information aspkossible will help tomato opening a bank account in Paris as smooth as possible. These are the things we recommend you take to your sigh up appointment. Photo ID (passport)
Charges and fees for French bank accounts are very different to in other European countries, so before you pick a bank, make sure you are familiar with charges and fees.
Monthly service fee
All French bank accounts come with a monthly service fee but the cost of the fee differs depending on the account you choose. A basic one might only charge you roughly $1 but one with perks might cost you a lot more.
Unlike in the UK, you will probably have to pay an annual fee to have a debit card linked to your account. It will cost €30 to €45 a year for a basic debit card. But a debit card is almost essential so it’s worth paying for.
Cash machine fees
As more and more businesses move away from cash to card payments only, it’s not always necessary to carry money. But if you withdraw cash often then check the charges because each French bank has different fees for cash withdrawals. If you use a cash machine different operating by a bank different to yours you may incur fees.
Nearly all banks in France now offer an internet banking service and there are some options for ‘online only’ banks that you can open before relocating to Paris. Monzo is the UK’s largest online bank but is not available in France yet, but Bunq and N26 are similar and are free to open and offer good rates for international transactions if you travel regularly.
We hope this introduction to opening a bank account in Paris will help to make your move to the city of lights as smooth as possible.