German online bank N26 has started providing French IBANs for its new customers in France.
- French IBANs start with FR and are easily recognised in France.
- Probably the 2nd non-French bank to start doing it. Earlier, Revolut started it in 2022.
- N26 also clarified that french IBANs will soon be available to existing N26 customers too.
- However, we are expecting N26 to provide some more details about the obligation to declare non-french bank accounts to Impots.
IBAN : International Bank Account Number
Why is it important to have a bank account providing a French IBAN?
- The RIB with an IBAN starting with FR will be accepted by all the French government services and organizations.
- You can pay for all of your subscriptions including streaming services, gym memberships, etc in France.
- You can set up direct debits and other recurring bank transfers including monthly utility bill payments for gas, electricity, etc.
- You can receive your salary and social benefits via direct transfers to your N26 bank account.
- Finally, you do not have to worry about any French service rejecting your N26 bank account for any payments.
Source
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