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Old Sep 19th 2017, 3:36 pm   #1
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Default Compte Nickel

Hi Guys,

I am a new member and this is my first post.
I plan to move to Nice in the next few weeks and at the moment it will only be a temporary move and I was wondering which the most straight forward bank account would be to open?

I have seen Compte Nickel accounts which looks straight forward to open but does anyone know if I can make an international transfer back to the UK online with this account?

If not, can anyone else recommend a good way to transfer money back to the UK?

Many Thanks in advance
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Old Sep 19th 2017, 4:07 pm   #2
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Default Re: Compte Nickel

I just saw that Compte Nickel have been bought by BNP which made my hackles rise.

I have no idea how good they are but you can also look at ING.fr for online banking.

Transferring back to the UK - use a foreign exchange service like transferwise or worldfirst to get the best exchange rates and lowest charges. Within Eurozone, there is SEPA but you will be at the mercy of the bank's exchange rate when converting to sterling.
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Old Sep 20th 2017, 8:33 am   #3
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Default Re: Compte Nickel

Take a look at the new mobile app based banks like Revolut or N26 - easy to set up on a mobile phone in 5 minutes, have accounts with European sort codes compatible with SEPA, beat all traditional banks with their international exchange rates and are a breeze to use. The only thing is that they don't have cheque books or allow cheques to be paid in, and we know the French are stuck in last century in this regard! We use both accounts in our family and it works well for us. I also have ING.fr as my main bank in France and happy with them and generally easier to deal with than the high street banks, and no charges, though suddenly they feel more French (slow and lots of paperwork) when compared to the others mentioned above.

Interestingly I just opened another online account with better savings rates and the opening procedure needed a RIB from another French based bank as part of the proof of ID. Seems a bit strange and would cause a problem if you are trying to open your first account in the country.
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Old Oct 17th 2017, 2:09 pm   #4
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Default Re: Compte Nickel

Agree with south_bound's suggestion of Revolut; quick to setup, easy to use, top exchange rates, but subject to the limitations mentioned. N26 hasn't launched yet in the UK.

KBC Ireland will also provide Euro accounts to non residents, but it takes longer to set up. It seems impossible to obtain a French bank account unless you already have a French residential address, even though EU directives say that they should...
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Old Oct 17th 2017, 2:11 pm   #5
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Default Re: Compte Nickel

FX companies are the best way to transfer money IMHO. I use TransferWise, the fees are low and the exchange rates seem OK, and the last transfer I did from my French account to my UK account took 26 seconds, what's not to like.
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Old Oct 17th 2017, 2:45 pm   #6
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Default Re: Compte Nickel

Quote:
Originally Posted by EuroTrash View Post
FX companies are the best way to transfer money IMHO. I use TransferWise, the fees are low and the exchange rates seem OK, and the last transfer I did from my French account to my UK account took 26 seconds, what's not to like.
+1
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