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Revolut, Monese: Neobank accounts must be declared to France

When making their French tax declaration, residents in France need to check where the banks are located to see if they count as foreign accounts

27 April 2021
Neobank accounts can typically be managed via a mobile phone app
By Liv Rowland

French-resident holders of accounts with online-only ‘neobanks' such as Revolut should remember to declare the existence of these to the French tax service if the bank is based outside France.

This is notably the case for Revolut, which is located in the UK, or for Monese (also the UK) or N26, located in Germany.

These accounts are often simple to open and you may not have paid attention to where the banks are domiciled – so do check if in doubt as to whether any you hold are French.

The existence of all overseas accounts, and not just income from them, must be declared to the French authorities as part of the income declaration, if you are a resident of France.

This is done on form 3916 or the equivalent online section on the internet declaration entitled Déclaration par un résident d’un compte ouvert hors de France.

If declaring online then you need to select this section when asked to choose which declarations annexes (ancillary sections) you require.

This year there are a few changes to this section and you will notably be asked to re-enter all of your overseas bank accounts, whereas usually this information is carried over from year to year if declaring online.

If required you can find the information you declared in previous years by finding previous versions of the overseas accounts declaration in your documents in your personal online space.

For more about declaring income to France this year, see our help guide French Income Tax 2021.

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