Opening a bank account depends on many factors but I’m explaining like the path I went through but it may vary depending on your background and your country of origin. For example, if you come from Iran, unfortunately, is not going to be easy at all.
Use the N26 Perk (For Station F Residence Only)
The website is n26.com/en-fr. As a Station F entrepreneur, you get to choose between those 2 options:
- Receive a €10 starting balance when you open a new N26 account this has the cheapest card and cost barely anything monthly 0,00 €/month (Pick this option)
- Receive the first 6 months for free of your new N26 Black personal account but then you’ll have to pay 9,90 € per month
What to know
Before you do anything as long as your nationality is on this list as I told you à friend of mine is from Iran and couldn’t open an account, I know it sucks.
The process is quite simple, just download the app, follow the steps, you’ll need to do a live call with an agent to take a picture of your passport and ask you some security questions, then you’ll good to go and receive the card via email via UPS. Then whenever you’ll receive it you can activate it. Please take into account that your physical mailbox at your place has your name on it. Otherwise, it’ll be redirected to the closest postal office.
This is a Germany-based business so you can get an RIB from them but the RIB comes from a German bank, take in count that in this case, some companies won’t accept this mean of payment for example when buying a phone (even though there’s a law for this).
Via Société Générale Perk (For Station F Entrepreneurs only)
Go for Société Générale to open a bank account (sorry all French banks only have French language on their websites). The perk is shown in this PDF. You basically get a debit/ATM card and an optional checkbook (you need this when registering your SAS company). You can open it as long as you have the ‘required documents’ this is kind of tricky to understand. You need at least a passport and a proof of residence to open. If you live in Flatmates, you can get a copy of your proof of residence from Hal. Keep in mind that this is a paid subscription for a credit card for a lifetime. The Carte Bleu CB, the blue card, this is basically a Visa card will be included when you get the account. Then pay attention cause you will be charged every month like 6 euros for using it but you can get 50% off for 13 months and just pay 3 euros per month. If you are interested in getting a loan ask for the Alterna credit and then you can get the Expresso. Just ask your counselor.
Some banks in France do not accept the proof of residence issued by Flatmates. They only accept traditional proofs like a utility bill, etc.
You need to make an appointment to do basically anything in a French bank. If you walk in with the intention to open an account, they will only make an appointment with you for another day. Go to their website to call the right branch for meeting.
Gabriel offers extended assistance and advice to foreign entrepreneurs who are trying to settle down in Paris. Contact him at his website.