France is a country that is great to visit as a tourist. You can visit as many times as you want throughout your lifetime without having to go through the horrors of the French bureaucracy, both in the private and public sectors. Some Francophiles visit the country every year or twice per year because they love the food, culture, sights, monuments, architecture, history, etc… but will never consider moving and living there as a resident holding a French Residence Permit. Merci beaucoup for your full honesty in this video.
Can’t believe how great your info on the French banking system is! Love, love what you are giving us - thank you! (But don’t share your special place on the Internet, please! It only takes 1 person to post all about it, and then tourists and tours appear…😡. You give us so much, keep your special place for yourself)!
In Canada we have the same set up. Bank accounts that are set up as "and', require all account owners to sign off transactions. If one passes away you need to wait until the estate is settled. That's why it's important to have at least one, two or all accounts joint as 'or'. Another tip, don't let the bank know that one of the parties has passed away until you withdraw the money in an 'or' situation. Once the bank is advised of a death they freeze the account until the estate is settled to eliminate disputes.
Wow! So much red tape! Thank you for sharing this information. It’s good to know what one is up against if considering moving to France. Also, I love your blouse. What brand is it? I would like to purchase one for myself.
This is very specific because Banque Populaire, Crédit Agricole, Crédit Mutuel are based on a regional and “mutualiste” system. But this is not a “franchise” system. If you want to avoid this problem. Open an account with one of the two big (and old) national french private bank, BNP (Banque National de Paris) or Société Générale. For the spending limits, it often depends on the type of credit/debit card you have: normal, gold, premium, black, platinum… You also have the option to ask you bank adviser to choose their wealth branch. It is usually a private branch of their bank group where they handle privileged accounts, for privileged people, with privileged services, and with privileged higher spending limits.
As mentioned in the video, this is just my experience and what I’ve been through as an American living in France. But thanks for your perspective and sharing additional thoughts that others can review and discuss.
@@ThisFrenchLife Oops ... I made a mistake ... it not a credit card but a debit card ... I have not a credit card too. And despite all the restrictions we live normally. And despite all the restrictions we live normally. Just play with the debit card, the direct debit for taxes, electricity, internet, water... then the checks... I only used transfers to pay the rent before becoming an owner. And cash to pay for bread and small groceries. 🤗
That’s interesting. Do some US ex-pats decide to keep their American bank as a primary for getting their money when needed in addition to a French bank for the things that require a French bank?
Great question, Maria. Some immigrants find that a bank from their country of origin will not allow them to keep accounts open without a local address. So, they are often forced to close bank accounts because they’re a fiscal and full time resident of their new country.
Chère amie, vous devez sûrement disposer d’une carte assez basique pour ne pouvoir retirer que 300€ par semaine dans les banques françaises… Choisissez une carte Premium ou Gold et vous pourrez retirer plusieurs milliers d’euros par semaine. Belle vie en France !
Wow!! Great information but horrifying! Talk about controlling people...sounds like communism! I love Europe but this sounds impossible especially if you're moving there as you stated and running a business. Unfortunately, even simple things like AC, a washer, dryer and dishwasher are still considered luxuries in most of Europe in 2024! I have been searching for a rental for this summer but it's difficult. Thanks for the great info..may have to reconsider my move. Santé 🥂
Thank you for sharing your thoughts and honest opinion. My hope is that the videos I make bring to light my experiences so that others can make informed decisions and that my work is of service to others, even if it’s non-professional and just my personal stories. I appreciate your comment!
Can’t believe how great your info on the French banking system is! Love, love what you are giving us - thank you! (But don’t share your special place on the Internet, please! It only takes 1 person to post all about it, and then tourists and tours appear…😡. You give us so much, keep your special place for yourself)!
France is a country that is great to visit as a tourist. You can visit as many times as you want throughout your lifetime without having to go through the horrors of the French bureaucracy, both in the private and public sectors. Some Francophiles visit the country every year or twice per year because they love the food, culture, sights, monuments, architecture, history, etc… but will never consider moving and living there as a resident holding a French Residence Permit. Merci beaucoup for your full honesty in this video.
This might be the most convoluted, antiquated process that I have heard of thus far! Thank you for sharing!!
Glad it was helpful!
Can’t believe how great your info on the French banking system is! Love, love what you are giving us - thank you!
(But don’t share your special place on the Internet, please! It only takes 1 person to post all about it, and then tourists and tours appear…😡. You give us so much, keep your special place for yourself)!
A lot of people is very grateful to your honesty.
Merci ☺️
Really interesting post. Thanks for the information!
Glad it was helpful!
In Canada we have the same set up. Bank accounts that are set up as "and', require all account owners to sign off transactions. If one passes away you need to wait until the estate is settled. That's why it's important to have at least one, two or all accounts joint as 'or'. Another tip, don't let the bank know that one of the parties has passed away until you withdraw the money in an 'or' situation. Once the bank is advised of a death they freeze the account until the estate is settled to eliminate disputes.
Thank you for sharing!
Wow! That just sounds so archaic. I absolutely cannot recall the last time I wrote a cheque. 🇨🇦
It’s definitely a major change!
Wow! So much red tape! Thank you for sharing this information. It’s good to know what one is up against if considering moving to France. Also, I love your blouse. What brand is it? I would like to purchase one for myself.
Thank you for watching! I’m so glad you found that helpful. The green shirt? It was a find at a pop up thrift shop in Paris a couple years ago.
This is very specific because Banque Populaire, Crédit Agricole, Crédit Mutuel are based on a regional and “mutualiste” system. But this is not a “franchise” system. If you want to avoid this problem. Open an account with one of the two big (and old) national french private bank, BNP (Banque National de Paris) or Société Générale.
For the spending limits, it often depends on the type of credit/debit card you have: normal, gold, premium, black, platinum…
You also have the option to ask you bank adviser to choose their wealth branch. It is usually a private branch of their bank group where they handle privileged accounts, for privileged people, with privileged services, and with privileged higher spending limits.
As mentioned in the video, this is just my experience and what I’ve been through as an American living in France. But thanks for your perspective and sharing additional thoughts that others can review and discuss.
Have you been to either Portiers or Nevers?
My ancestors came from those towns and I hope to visit some day.
I’ve been to that region but not those locations. Thanks for watching, Mary!
The money spending limit is for credit card use only...there is no limit for bank checks or cash... apart from the amount in your account...
Thanks for sharing but that hasn’t been my experience. And I don’t have a credit card in France!
@@ThisFrenchLife Oops ... I made a mistake ... it not a credit card but a debit card ... I have not a credit card too.
And despite all the restrictions we live normally.
And despite all the restrictions we live normally.
Just play with the debit card, the direct debit for taxes, electricity, internet, water... then the checks... I only used transfers to pay the rent before becoming an owner.
And cash to pay for bread and small groceries. 🤗
That’s interesting. Do some US ex-pats decide to keep their American bank as a primary for getting their money when needed in addition to a French bank for the things that require a French bank?
Great question, Maria. Some immigrants find that a bank from their country of origin will not allow them to keep accounts open without a local address. So, they are often forced to close bank accounts because they’re a fiscal and full time resident of their new country.
Chère amie, vous devez sûrement disposer d’une carte assez basique pour ne pouvoir retirer que 300€ par semaine dans les banques françaises… Choisissez une carte Premium ou Gold et vous pourrez retirer plusieurs milliers d’euros par semaine. Belle vie en France !
Thanks for sharing your perspective!
Wow it’s kind of a drawback for wanting to live there ☹️
Wow!! Great information but horrifying! Talk about controlling people...sounds like communism! I love Europe but this sounds impossible especially if you're moving there as you stated and running a business. Unfortunately, even simple things like AC, a washer, dryer and dishwasher are still considered luxuries in most of Europe in 2024! I have been searching for a rental for this summer but it's difficult. Thanks for the great info..may have to reconsider my move. Santé 🥂
Thank you for sharing your thoughts and honest opinion. My hope is that the videos I make bring to light my experiences so that others can make informed decisions and that my work is of service to others, even if it’s non-professional and just my personal stories. I appreciate your comment!
It's much appreciated! Have a wonderful evening.
Can’t believe how great your info on the French banking system is! Love, love what you are giving us - thank you!
(But don’t share your special place on the Internet, please! It only takes 1 person to post all about it, and then tourists and tours appear…😡. You give us so much, keep your special place for yourself)!
Thank you so much, Karie!