Long story short: From finalising your housing contracts to registering for health insurance, you will require a French bank account to take care of all your expenses in France. Moreover, from grocery runs to a night out in the sparkling city, having a French payment card, you can avoid the need to carry bundles of cash.
Any international student in France holds the legal right to open a French bank account, and thankfully, the procedures are rather very straightforward. Just walk into the nearest bank and book an appointment with a client advisor.
Documents required for opening a bank account in France:
- Identification (Passport)
- Housing contract in France (If you have not finalised your accommodation, there lies a possibility of opening a bank account with the address of your educational institute)
- University enrolment certificate
Shortly after submitting the documents mentioned above, you will receive your bank card and chequebook. Using the RIB (Relevé d’Identité Bancaire) provided by the bank of your choice, you can pay for any monthly expenses (electricity, housing rent, mobile bills) and receive a salary when you land a job in the future.
Movido’s pro-tip: Before you pick a bank, make sure to go online and contrast what each bank offers. The fee for the debit card and cuts for foreign transfers can differ significantly from bank to bank.