To open a bank account in France, you’ll need to follow these steps. It’s generally straightforward but requires certain documentation. Here’s what you need to do:
1. Choose a Bank
Research the various banks available in France, such as Société Générale, BNP Paribas, Crédit Agricole, La Banque Postale, and LCL. You can choose between traditional banks, online banks, or specialized services for expats.
2. Gather Necessary Documents
Opening a bank account in France require certain documents. Typically, you will need:
- Proof of identity: Passport or national ID card.
- Proof of address: Recent utility bill, rental contract, or a document from the French tax office.
- Proof of income/employment: Payslips or employment contract (if applicable).
- Visa or residence permit (if you are a non-EU citizen).
- Your French phone number: Some banks may require this as part of the process.
3. Visit the Bank
- In many cases, you can open the account by visiting the bank in person. If you are not fluent in French, consider bringing someone who speaks the language or calling ahead to ensure that someone who speaks English will be available.
- Some banks allow you to start the process online (especially for certain online banks) and finalize it in person.
4. Fill Out the Application
- You will fill out forms provided by the bank for opening an account. You may also need to choose the type of account you want to open (current account, savings account, etc.) and request any additional services like a debit card or online banking.
5. Deposit Money
- Some banks may require an initial deposit when opening the account, typically around €50-€200 depending on the bank.
6. Wait for Your Bank Details
- Once your account is set up, you will receive your RIB (Relevé d’Identité Bancaire), which is the French version of a bank account number and is used for direct deposits and transfers.
- Your debit card and checkbook (if applicable) may take a few days to a couple of weeks to arrive, depending on the bank.
7. Activate Your Account
- Once you receive your card and other details, you’ll typically need to activate the account online or by phone, especially for online banking and card usage.
Extra Tips:
- If you’re an expat, you might want to choose a bank that has experience handling international clients, as some banks may offer services specifically tailored to foreigners. Remember that the language barrier in France can be an issue especially in smaller towns, as there might not be any English-speaking staff.
- Most banks require a proof of address in France (e.g., a utility bill, lease contract, or official letter) to open a bank account. If you are a new arrival and haven’t secured permanent accommodation, it may be difficult to provide this document. Solution: Consider staying in temporary accommodation, such as a hotel or Airbnb, where you can use the rental agreement or a utility bill in your name for proof of address. Alternatively, a temporary residence permit or documentation from your employer might help in some cases.
- If you’re not from the EU, be sure you can provide: long-term visa, residence permit, or work contract.
- Online banks like Revolut, N26 or Monzo are popular because they usually do not have residency requirements, they can be set in other languages than French, often have lower fees and easier access to services
- If you’re a student not from the EU, be sure you can prove your enrollment in a French institution (certificat de scolarité, often available to download in the Students sectionof the education institute website)
- Some banks may ask for a French Tax Identification Number (TIN), especially if you are opening a specific type of account or planning to conduct international transactions. Solution: If you don’t have a French TIN, you can apply for one through the local tax office. However, this is usually not required for a basic account.
- Problem: The account opening process in France can take several days or even weeks, especially if additional verification is needed. The language barrier or missing documents can delay the process. Solution: Be patient and make sure you have all necessary documents prepared before starting the process. Keep track of the account’s status and follow up if necessary.
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