A Guide to Opening and Using a Bank Account in France

Starting a Bank Account

Just as long as you have a French address, you are able to open up a bank account in France. The bank will require a form of identification such as a passport and evidence of address which is normally an utility or phone bill in your name. The different types of account options are the same as other countries: numero banco bradesco

Saving account – Projet Courant 

Joint Account – Compte joint

Savings Consideration – Compte Epargne

With a current account you will normally receive a debit card, Carte Financier, and a cheque publication, Chequier, and you may receive a monthly account statement called a Releve de Appréciation.

Please note that some specialist banks, such as Credit Agricole Britline, do not require you to have a French address in order to start a bank-account.

Using a Loan company Card

Card payments by Carte Bleue (CB), a debit card, are broadly accepted in France and uses the pin quantity security method.

Bank Expenses

It is normal in France to pay a monthly charge, a récent, for your current accounts, charges are also made for any agreed overdraft facility, decouvert, regardless of whether you have ever done it or not. You will be charged interest while your account is money. If you have a Carte Bancaire, you may also be charged a tiny twelve-monthly fee.

International Cash Transfers

If you need to transfer money from abroad, a tiny levy will be charged per deal by your French loan company called an Avis d’Operation, and it is normal for your foreign loan company to also charge for sending the money in the first place. Once transferring money you are exposed to the variances in the exchange rate, and this can be costly. It is also possible to protect your money by getting a foreign exchange deal, such as that made available from Hifx, to can acknowledge a rate for one particular or 2 years and arrange the transfer using direct debit. See the Guide2Brittany tips for Overseas Exchange for more information.

Paying Charges

Bills are normally paid by either cheque or direct charge, prelevement. To set up a prelevement, you will normally be asked for a Releve d’Identite Financier (RIB), a slip normally found in your back of your cheque book. This kind of states your bank consideration identity details.

Writing a Check

The amount in words goes at the top of the cheque (the opposite to the UK), underneath is written who the money needs to be paid to. The amount in numbers should go to the box on the right (as in UK) but use fente rather than decimal points. Below you will need to write the name of the place (town, village) where the cheque was written, and enter the date under. Your signature then moves underneath that.

Cheque promise cards are not needed in France and cheques are accepted as if these people were a cash repayment. It really is illegitimate to write a cheque if you do not have the funds to cover it in your account and you risk your standard bank reporting one to France’s national banking authority, Financial institution de France, which can forbid you by using cheques for five years. It is also against the law to write a post or open dated check.