Open a bank account in France

France is among the most developed countries in the European Union, which is why it is often considered for migration or business relocation. It represents a vast market with an economy that requires additional workforce, and obtaining a residence permit is comparatively straightforward. However, for comfortable living, a French bank account is indispensable. The majority of transactions in France are carried out online. Tax payments, real estate purchase or sale procedures, mobile and internet service payments — all of these financial flows pass through banking institutions.

This article will discuss in detail how a non-resident may open a bank account in France, the required documentation, and other relevant considerations.

Becoming a Client of a French Financial Institution

Traditionally, opening a bank account in France as a non-resident is a labor-intensive process. Financial institutions are generally reluctant to register private clients or companies not operating within the country, due to the risks associated with potential loan defaults and relocation abroad.

To become a client of a French financial institution, a foreign applicant must provide the following documents:

• Proof of identity — national ID and international passport;
• Proof of residential address within France (if available);
• Visa or employment contract;
• Employment history;
• Proof of the origin of the applicant’s funds.

Non-residents cannot register directly with a French banking institution. An alternative option is to use the services of an international company with representative offices in France.

Is Online Registration Possible?

Opening a bank account in France requires a personal visit to the bank for identity verification and the signing of account-opening documentation.

The largest and most well-known international banks operating in France include:

• BNP Paribas;
• Société Générale;
• Crédit Agricole;
• La Banque Postale.

Law & Trust offers services to both private and corporate clients. We provide consultations on the registration process, advise on the necessary documentation, and offer comprehensive support throughout the account-opening procedure.