What is the local currency?
The official currency is the Euro (€). The French Franc is no longer accepted.
What denominations does it come in?
Notes: 5, 10, 20, 50, 100, 200 and 500 Euros
Coins: 1 and 2 Euros; 1, 2, 5, 10, 20 and 50 cents
What is the best way to exchange currency?
The best place to exchange currency is at foreign exchange offices, which are open all week.
What are commonly-used forms of payment for everyday purchases (such as groceries)?
Commonly used forms of payment include cash, CB (Carte Bleue ) debit cards and major credit cards.
Checks are accepted by most stores with proof of identity. AMEX is not accepted everywhere.
Will I be able to use my credit card around town? If not, list when I’ll need cash.
Most shops and restaurants accept credit cards. In some shops, however, purchases under 15 € must be made in cash. ATM machines are readily available, if cash is needed.
By what method are bills (such as rent and utilities) paid?
You can simply pay by check. In France, checking is free and widely accepted by companies and stores. Checking should be available to all holders of a bank account.
You can also pay by electronic transfer with a TIP (Titre Interbancaire de Paiement) payment order attached to your bill. The TIP is the authorized permission to debit an account of the sum asked for by the provider and was designed for paying recurring bills such as rent, water and electricity. When you first pay with this means, a RIB (bank identity slip) must be sent along with the TIP. Afterward, new TIPs only need to be signed and sent.
What are the requirements for opening a bank account? At what stage of the settling-in process should I open it?
- Passport or an identity card for the European Union
- Resident card for outside of the European Union
- Proof of residence
- Proof of income
- Proof of status (student card, work contract)
Opening an account is instantaneous, and obtaining means of payment takes about one week provided the finance department approves your request.
Will foreign residents be able to find banking services in their native languages?
Yes, usually banking information is given at least in English, in addition to French. Several French banks, such as The International Mobility branch of Crédit Agricole, CIC/Banque Transatlantique and HSBC, have branches around the world and are more likely to provide information in foreign languages. Because this is a very cosmopolitan area, you will find that most banks will have an English-speaking person to assist in all areas of banking.
Are there any restrictions on services for those who are new to your country?
If the necessary documents are provided, there should be no restrictions.
What are typical banking hours?
Typical banking hours are from Monday to Friday, but opening hours vary according to the branch. Some banks close for lunch and stay open till 6:00 p.m. Others are open throughout the day, from 9:00 a.m. to 5:00 p.m. Others are closed one day during the week but are open on Saturday morning.
Are automatic teller machines (ATMs) available around the clock?
Yes, they are found everywhere.
Is there any other money information that might help me?
The most common credit card used is the Carte Bleue which is a debit card directly linked to your bank account. That card bears the name of your bank. You can request immediate debit or delayed debit (débit différé ) at the end each month. This card is accepted everywhere, even for small amounts, except in places where minimum debit has to be 15 €.
Crown Relocations has made every effort to present accurate information. However, regulations, rates and other variables are subject to change and Crown Relocations cannot accept responsibility for the errors that might result. Should you have any questions or need additional information, please contact your local Crown representative.