top cx logo
cx logo
Explorearrow down
search icon
arrow down

French banks are not closing accounts of UK residents

French banks are not closing accounts of people in the UK, after some British banks shutting accounts of Britons in France

Several readers have asked if French banks are closing accounts of people in the UK after some British banks shut accounts of Britons in France.

The Connexion has not heard any cases of this happening.

An adviser at an LCL bank in Paris who manages accounts for UK nationals said the bank was not closing any accounts.

This was also confirmed to be the case with Crédit Agricole.

The LCL adviser said: “Our UK customers will not notice any difference. We are not going to ask for new documents, or anything like that.

“Having said that, Brexit does mean Britons who do not have French residency will now have to follow the same rules as all other non-EU nationals.

“It will make it more complicated for them to get a loan, for example.”

One popular simple bank account is also no longer available to British tax residents to open new accounts.

A spokeswoman for Compte Nickel, which runs via tabac shops, said it would now be a problem to open an account for someone living in the UK, but it does not expect to close existing accounts.

Although the bank stresses the simplicity of opening an account – you only need an email address, mobile phone number and passport – the spokeswoman said the form for opening the account includes a section on where you live.

People must be tax-resident in the EU, Switzerland, Liechtenstein, Norway or Iceland.

Related stories

Mastercard to raise fees to use UK card for EU purchases

British banks to close EU residents’ investment accounts

Resident or second-home owner in France?
Benefit from our daily digest of headlines and how-to's to help you make the most of life in France
By joining the newsletter, you agree to our Terms & Conditions and Privacy Policy
See more popular articles
The Connexion Help Guides
featured helpguide
Income Tax in France 2023 (for 2022 income)*
Featured Help Guide
- Primarily aimed at Britons, covers pensions, rent, ISAs, shares, savings and interest - but also contains significant general information pertinent to readers of other nationalities - Overview of online declarations + step-by-step guide to the French printed forms - Includes updates given automatically after this year's site opened
Get news, views and information from France