Opening a bank account in France is one of the most essential steps when you move to France as an expat. Whether you're settling in Paris, studying as an international student, or retiring in the south of France, having access to a French bank account is crucial, no matter your location. It allows you to receive your salary, manage rent payments, handle international money transfers, and access vital services such as healthcare and mobile plans.
In this comprehensive guide, you'll learn how to open a French bank account, what documents are required, how to apply online, and what the best bank in France for expats might be, whether you prefer a branch visit or the speed of an online bank.
What Do You Need to Open a Bank Account in France?
To open a bank account in France, you must meet certain administrative and legal criteria. French banking regulations require all prospective account holders to verify their identity and residency, even when applying online. Residents of France have the legal right to open a basic bank account under the “right to an account” law (droit au compte) administered by the Banque de France.
The process of opening the account typically requires submitting personal identification, a valid residence status, and proof of address in France. Some banks may additionally request employment details, a French mobile number, or tax-related documents. The procedure is relatively standardized but can vary slightly depending on the bank and type of bank, such as a traditional bank or an online bank.
Required Documents for Opening a French Bank Account
Regardless of whether you're opening a current account (compte courant) or a savings account (livret), you will need to provide supporting documents. These commonly include a valid passport, visa or residence permit, and proof of address within France. Some banks also require recent bank statements, utility bills or a lease agreement as proof of residence, and occasionally, proof of income such as payslips or a job contract.
In addition, applicants may be asked to provide a tax identification number from their home country, especially for compliance with international standards like the Foreign Account Tax Compliance Act (FATCA) for citizens from the United States.
Proof of Address in France: What You Need
Proof of address, known in French as justificatif de domicile, is a standard requirement for banking and most administrative procedures. This can be a utility bill - such as electricity, gas, or internet - dated within the past three months. Especially for expats who have just moved to France this might be a bit more difficult to get.
If you’re renting, a signed lease agreement is also acceptable. For individuals living with a host, an attestation d’hébergement signed by the host, along with a copy of their ID and a recent utility bill in their name, may suffice. In some cases, a recent tax notice such as a taxe d’habitation is also accepted.
Identification Requirements for Expats
Expats must present a valid, government-issued photo ID, most commonly a passport. In addition to this, non-EU citizens will need to show a valid French visa or residence permit, such as the Visa de Long Séjour or a Titre de Séjour. EU and EEA citizens can typically use a national identity card in lieu of a passport and may face fewer formalities when trying to open a French bank account.
Can Non-Residents Open a Bank Account in France?
While it is more straightforward for residents to open a bank account, non-residents are not excluded from the process. Several French and international banks offer services specifically tailored to non-residents. However, it is important to note that non-residents—defined as individuals without a registered French address - will typically face more restrictions and longer processing times.
Many traditional banks require at least a correspondence address in France and may limit the account features, such as online banking access, overdraft facilities, or debit card issuance. Non-residents may also be subject to stricter scrutiny regarding the source of funds and tax residency declarations.
Types of Bank Accounts Available for Non-Residents
Non-residents in France can generally open the following account types:
- Non-resident current accounts, which offer basic banking services such as receiving payments and initiating transfers.
- Foreign currency accounts, which may be suitable for individuals with income in non-euro currencies.
- Savings accounts, although access to regulated savings products like Livret A is usually limited to residents.
These accounts often exclude overdraft privileges or credit lines, and may require higher initial deposits or account maintenance fees.
Challenges Faced by Non-Residents
Opening a bank account as a non-resident in France can be a cumbersome experience. Banks may take longer to process your application, and some will decline it altogether due to internal compliance rules. Communication may also be a barrier, as not all branches or staff offer English support. Additionally, online banks like N26 or Revolut may require a French mobile number or French address to complete verification.
In light of these challenges, it is advisable to approach banks that explicitly cater to expatriates or international clients.
Best Banks for Non-Residents in France
Certain banks are more accommodating to non-residents, especially those with international divisions:
· BNP Paribas offers a well-regarded international client service and allows account openings before arrival in some cases.
· HSBC France, part of the global HSBC network, is particularly suitable for clients who already bank with HSBC in another country.
· Société Générale provides English-language services and support tailored to international professionals.
· La Banque Postale is more lenient in its document requirements and offers a reliable option for basic banking needs.
· Crédit Agricole, through its regional branches, supports newcomers and may offer English-speaking agents in larger cities.
How to Open a Bank Account Online in France?
In recent years, France has seen significant growth in online banking. Many banks now offer fully digital onboarding, allowing users to open accounts online without visiting a branch. These online banks (banques en ligne) are appealing for their low bank fees, fast setup, and user-friendly mobile applications.
Applicants typically complete an online form, upload digital copies of required documents, and pass an identity verification step. Some banks request a short video or live photo (selfie) to confirm identity. Once the application is approved—usually within a few business days—the bank will issue your account details and mail your bank card.
Step-by-Step Guide to Opening an Account Online
Opening a French bank account online is usually straightforward and can often be completed in under an hour without visiting a physical bank branch. Here's how the process typically works, broken down into clear and manageable steps:
· Choose the right bank for your needs. This could be a traditional bank, a local bank, or a premier online bank.
Popular options include Hello Bank!, N26, Revolut, Boursorama Banque, and Orange Bank. These are some of the best banks in France for expats or non-residents looking for speed and ease.
· Visit the website or download the app of your chosen bank, and click on "Apply Now" or “Open an account” to start the application process online from your current location.
· Submit your personal information including your current address, contact number, nationality, and proof of address in France or abroad.
· Upload your passport, visa, and supporting documents such as proof of income or bank statements. Some banks may require a deposit to open an account.
· Complete identity verification, which might involve a selfie or a live video call.
· Once verified, your bank account is one step away from being active. You’ll receive your IBAN, online banking access, and physical or virtual bank card.
You can now access your account online, activate the card, and start using your account in France for savings, bills, and transfers.
Advantages of Online Banking in France
The biggest advantage of an online bank in France is convenience. You don’t need to go to a bank branch to open a bank account or manage it. Many online banks like N26 and Revolut offer fully digital account setup with free bank cards, low or no fees, and excellent mobile apps.
These accounts are great for expats, digital nomads, and anyone who wants to manage finances from abroad or while traveling. Some also include multi-currency wallets, helpful if you’re sending money between France and the US, America, or other countries.
However, be aware that some online banks only accept residents and may require a French mobile number, a French address, or a direct deposit setup for approval.
Best Online Banks in France for Expats
For expatriates, several online banks stand out due to their ease of use and accessibility:
· N26, a German fintech company, offers a seamless onboarding process and supports multi-currency transfers, making it ideal for digital nomads.
· Revolut is another excellent option, providing a versatile platform for budgeting, international transfers, and currency exchange.
· Hello Bank!, backed by BNP Paribas, combines online banking with the option to access physical branches.
· Boursorama Banque, known for its competitive fees and high customer satisfaction, is ideal for tech-savvy users.
Orange Bank, operated by telecom leader Orange, provides solid mobile banking options integrated with smartphone services.
What Are the Different Types of Bank Accounts in France?
When opening a bank account in France, understanding the different types available can help you choose the right one for your needs. The two most common categories are current accounts and savings accounts, each serving a different financial purpose.
Current Accounts vs Savings Accounts
A current account (compte courant) is the standard day-to-day account for managing personal finances. It allows you to receive your salary, pay bills, make purchases, and access banking online or through a mobile app. Most current accounts include a debit card and, in some cases, optional overdraft services.
By contrast, savings accounts are designed for setting aside money and earning interest. The most common option is the Livret A, a state-regulated, tax-free savings account available only to French residents. Another similar option is the LDDS (Livret de Développement Durable et Solidaire), which also offers tax-free interest and supports sustainable development. These accounts are low-risk, easy to use, and government-backed, but not available to non-residents.
Student Bank Accounts: What Are the Options?
For international students relocating to France, most major banks offer specialized student accounts with features tailored to younger users and those new to the country. These accounts usually come with zero or low monthly maintenance fees, free debit cards, and sometimes interest-free overdraft protection. Students also benefit from simplified account-opening procedures and promotional offers such as welcome bonuses or cashback programs.
Eligibility typically requires proof of enrollment at a French academic institution and that the applicant is under 26 years of age. Popular banks offering competitive student packages include BNP Paribas, Société Générale, and Crédit Agricole. Some online banks such as Hello Bank! and Boursorama Banque also offer student-friendly services, though they may have stricter residency or documentation requirements.
Student bank accounts in France are an excellent way to establish financial independence while benefiting from a simplified banking experience. These accounts are especially helpful for managing tuition payments, accommodation costs, and daily expenses, all while offering digital tools and financial education resources.
Special Accounts for Expats Living in France
Several French banks recognize the unique needs of expatriates and provide dedicated banking products to support their financial integration. These expat-specific accounts often include features such as multilingual customer support, international money transfer options, and the ability to hold multiple currencies within one account. Some banks also assist with credit history transfers or provide tailored mortgage services for foreign nationals purchasing property in France.
HSBC France, for example, offers international banking packages that link your French account to accounts in your home country. BNP Paribas has an “International Clients” desk in major cities such as Paris, Lyon, and Marseille, offering English-speaking advisors and relocation support. Crédit Agricole also runs a network of regional banks that provide expat-friendly services in areas with high international populations.
These accounts are particularly valuable for expats who regularly move between countries, need to transfer funds internationally, or require ongoing financial support while settling in France. While eligibility for certain services may depend on your visa type or employment status, most expat accounts aim to provide flexibility, accessibility, and peace of mind during your transition abroad.
What Is the Best Bank in France for Expats?
The best bank for expats depends on your residency status, language proficiency, financial needs, and preference for digital or in-person service. Those who value a physical branch presence and full-service banking may prefer traditional banks like BNP Paribas or Société Générale. Meanwhile, tech-oriented expats or digital nomads may find online platforms such as N26 or Revolut more convenient and cost-effective.
Comparison of Traditional and Online Banks
Traditional banks in France offer the benefit of in-person assistance and broader financial services, including credit and insurance products. However, they may charge higher fees and have slower account approval times. Online banks, by contrast, are fast, flexible, and typically free of maintenance charges, but may lack certain services like mortgage lending or physical check deposits.
Top 5 Banks for Expats in Paris
For those residing in Paris, these banks are consistently rated among the most expat-friendly:
- BNP Paribas – Offers English support and extensive branch coverage
- HSBC France – Seamless integration for global clients
- La Banque Postale – Accessible entry-level banking
- Société Générale – Strong student and international programs
- Boursorama Banque – High-performance digital experience
Factors to Consider When Choosing a Bank
Before selecting a bank, consider several key factors: your residency status, the availability of English-language support, account fees, mobile app quality, and international services. For expats frequently transferring funds between countries, low-cost international payment options and favorable exchange rates are essential.
How to Manage Your French Bank Account from Abroad?
French banks make it relatively easy to manage accounts remotely, particularly if you’ve chosen an online bank. Most offer full-featured mobile apps that allow for transfers, balance checks, card locking, and bill payments from anywhere in the world. It’s advisable to inform your bank if you plan extended travel to avoid transaction blocks or security issues.
Using Your French Bank Account While Traveling
Debit and credit cards issued by French banks, usually Visa or Mastercard, are widely accepted throughout Europe and internationally. However, fees for foreign currency transactions can vary, so reviewing your bank’s fee schedule in advance is important. Some banks offer travel-friendly cards with minimal conversion fees and built-in travel insurance.
Accessing Online Banking Features
Modern online banking platforms support biometric login, real-time transaction alerts, budgeting tools, and 24/7 customer support. They also allow you to set spending limits, freeze cards instantly, and make SEPA or SWIFT transfers, offering full control over your finances without visiting a branch.
International Transfer Options with French Banks
For sending or receiving money across borders, traditional French banks offer SWIFT transfers using an IBAN and BIC. However, fees can be high. Alternatives like Wise, Revolut, and XE offer fast and cost-effective solutions, often with better exchange rates and lower fees.
FAQs
Can I open a French bank account before arriving in France?
Some banks, especially those with international divisions like BNP Paribas or HSBC France, allow non-residents to begin the application process remotely. However, most will require a French address or visa confirmation before fully activating the account.
What documents do I need to open a French bank account?
You will typically need a valid passport or national ID, proof of French address, and for non-EU nationals, a visa or residence permit. Some banks may also ask for a recent utility bill, employment contract, or a tax identification number from your home country.
Can non-residents open a bank account in France?
Yes, but it may be more complex. Non-residents can usually open a non-resident current account or a foreign currency account, although these may come with restrictions and additional documentation requirements. Not all banks offer this service.
What are the best banks in France for non-residents?
Banks known for accommodating non-residents include BNP Paribas, HSBC France, Société Générale, La Banque Postale, and Crédit Agricole. These institutions often offer English-speaking support and tailored international services.
How long does it take to open a bank account in France?
If all documents are in order, the process can take anywhere from 1 to 7 business days. Online banks may be faster, while traditional banks could take longer due to in-branch verification steps.
What is the easiest online bank for expats in France?
N26 and Revolut are often recommended for expats because of their simple registration processes, multi-currency options, and English-language apps. Hello Bank! and Boursorama Banque are also popular among residents with a French address.
Is it safe to open a bank account online in France?
Yes, online banks in France are regulated by French and European financial authorities. They use secure identity verification and encrypted platforms. Always use official websites and avoid third-party agents when applying.
Do I need a French phone number to open an account?
Some online banks may require a French mobile number for identity verification, while others accept international numbers. Be sure to check this before starting the application process.
Can students open a bank account in France?
Yes. Most major banks offer student accounts with no monthly fees, free debit cards, and overdraft protection. You’ll need to provide proof of enrollment at a French institution and often be under 26 years old.
What is a Livret A, and can I open one as an expat?
The Livret A is a tax-free savings account regulated by the French government. It is only available to French residents. Non-residents are not eligible to open or maintain a Livret A.
What is an IBAN and why do I need it?
Your IBAN (International Bank Account Number) is used for sending and receiving payments within France and across the Eurozone. It is required for most financial transactions, including setting up rent payments, salary deposits, and utility bills.
Can I manage my French bank account from abroad?
Yes. Most French banks, especially online ones, offer full mobile and online banking services. You can transfer funds, monitor transactions, freeze your card, or pay bills from anywhere in the world.
Are there fees for using a French card abroad?
Yes, many French banks charge foreign transaction fees, usually between 1% and 3%. Some online banks like Revolut or N26 offer zero or low-fee international usage, making them ideal for travelers or digital nomads.
How can I transfer money internationally from a French bank?
You can make SWIFT transfers from most traditional banks using your IBAN and BIC. For lower fees and better exchange rates, services like Wise (formerly TransferWise), Revolut, or XE are recommended.
