NAFTA and opening a bank account in France

For Yanks only.

If you are an American arriving in France, and even one already living here, you know what a pain in the derriere it is to open a Bank Account in France.

I have two accounts, since time immemorial, and both Banks treat me badly. One will not provide any help whatsoever as regards investing - so my money just lies there at the minimum rate in a checking account.

So, when I came across this piece over the Internet, about French law in the matter, I decided to share it here. In a word, once you have been refused opening an account, this is what you do (from here):

If denied an account, ask for a 'lettre de refus', stating that the bank in question has declined to open an account for you. The bank is required by law to provide this letter 'without delay,' but they don't have to provide a reason for not opening the account.

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Then, you can take the refusal letter, along with a copy of your ID and proof of residence, to the local Banque de France office, and fill out a simple form requesting an account under the 'droit au compte'. Within a few days, the Banque de France will provide you with a letter designating a bank that is required by law to open an account for you, and you take that letter and your accompanying documents there to open your account.

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What is proof of residence? An electricity bill, a property rental contract, or purchase of a house, or the contract you and your employer signed.

We Yanks are not out of the crapola yet given that the US maintains that - for incomes above $100K a year - dual taxation is a reality.

Write to your state representatives in Congress! Who wont give a damn ...

Aside from it being unclear what you're even on about at all . . .

What on Earth does it have to do with NAFTA?

Just opened two new accounts. It took all of 10 minutes.

I would recommend a credit union if possible.

Top 50 Credit Unions In The US

https://www.supermoney.com/2015/08/top-50-credit-unions-us/

Why Choose A Credit Union?

Credit unions provide an attractive alternative to banks for many Americans. Fees and loan rates are usually lower and interest rates returned on your savings are generally higher. This is because credit unions are not-for-profit organizations that are owned by their account holders, also known as members. They are also governed by a volunteer board of directors who are also members of the credit union. Instead of using their profits to pay dividends to owners or shareholders, as banks do, credit unions reward members by offering higher savings returns and lower fees.
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Credit unions also tend to provide better and more personalized customer service and are more sympathetic to borrowers who are struggling to make payments on their loans. However, there are some downsides to credit unions, particularly with the smaller ones.

Lafayette said:

For Yanks only.

If you are an American arriving in France, and even one already living here, you know what a pain in the derriere it is to open a Bank Account in France.

I have two accounts, since time immemorial, and both Banks treat me badly. One will not provide any help whatsoever as regards investing - so my money just lies there at the minimum rate in a checking account.

So, when I came across this piece over the Internet, about French law in the matter, I decided to share it here. In a word, once you have been refused opening an account, this is what you do (from here):



What is proof of residence? An electricity bill, a property rental contract, or purchase of a house, or the contract you and your employer signed.

We Yanks are not out of the crapola yet given that the US maintains that - for incomes above $100K a year - dual taxation is a reality.

Write to your state representatives in Congress! Who wont give a damn ...

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Do you have the carte de séjour?

Chagos said:

Do you have the carte de séjour?

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About the Carte de Sejour: Titres, carte de séjour et documents de circulation pour étranger en France

Harshaw said:

Aside from it being unclear what you're even on about at all . . .

What on Earth does it have to do with NAFTA?

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If you lived in France, you'd know in a nanosecond.

NAFTA was virtually imposed upon the EU, when Brussels actually should have told Obama to go-to-hell. Since, in this matter, there is no reciprocation whatsoever. That is, Europeans working in the US are not obliged to pay taxes in their home countries in Europe.

Obviously, you don't live in the European Union ...

Lafayette said:

If you lived in France, you'd know in a nanosecond.

NAFTA was virtually imposed upon the EU, when Brussels actually should have told Obama to go-to-hell. Since, in this matter, there is no reciprocation whatsoever. That is, Europeans working in the US are not obliged to pay taxes in their home countries in Europe.

Obviously, you don't live in the European Union ...

Click to expand...

Do you even know what NAFTA is?