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- Guides to France
- Money, Finance & Taxation
- Banks
- Managing Your Account
- Closing an Account
Finance & Taxation
Banking in France
- 1. Introduction
- 2. Which Bank?
- 3. Opening a Bank Account
- 4. Running Your Bank Account
- 5. French Bank Cards
- 6. French Cheques
- 7. International Bank Transfers
- 8. Overdrafts in France
- 9. Loans in France
- 10. Savings Accounts
- 11. Complaints
- 12. Glossary
Guides to France
Property in France
- Buying property in France
- Buying off-plan in France
- French property auctions
- SCI Ownership
- French property rights
- Renting property in France
- Selling property in France
Building & Renovation
- Building a house in France
- French planning system
- Property renovation in France
- French property rights
- French Mobile Homes
Work & Business
Money & Taxation
- Banking in France
- French mortgages
- Currency Exchange
- Taxes in France
- French inheritance
- French home insurance
Living in France
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Services
- French Health Insurance
- French Home Insurance
- Inheritance Tax & Law Consultancy
- French Planning
- Transfer Money to France
- Metric Unit Conversion
If you require advice and assistance with the purchase of French property and moving to France, then take a look at the France Insider Property Clinic.
4. Managing Your French Bank Account
- Cash Withdrawals
- Direct Debits and Standing Orders
- Statements
- Bank Overdrafts
- Closing/Transferring Account
- Death of Spouse/Partner
- Seizure of Account
4.5. Closing a French Bank Account
If you later wish to close a current or standard savings account there is no charge for doing so
However, the banks are still permitted to make a charge for closing certain types of regulated savings accounts, and if you wish to transfer the account to another bank there will also be a charge.
In the case of a joint account, closure of the account requires you both write jointly to the bank. If the account is overdrawn the bank can refuse to close it.
If, say, in the event of a separation, you wish to end the joint account and your former partner is not cooperating, you need to send a letter to your bank lettre recommandé avec accusé réception to dénoncer la convention de compte joint. You need to copy your former partner.
The account will not then be closed, but it will mean that any use of the account has to be jointly agreed, which should be enough to force an outcome. You should consult with your bank for their own particular rules and procedures.
Given the French intolerance of unauthorised overdrafts, it would also be best if you first opened a bank account in your new bank to avoid potential embarrassment with any outstanding cheques or standing orders/direct debits operating in existing account.
You should then send your bank account details (Relevé d'Identité Bancaire - RIB ) to those where you have standing orders and direct debits in place, advising them of your new bank.
Next: Death of Spouse/Partner
Back: Bank Overdrafts
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