buying a house in France: part 15: banking & finance: introduction
April 8th, 2007 | 
Author: International banking raises issues that rarely arise when you confine your transactions to one country and we’ll be covering these over the next couple of weeks.If you are moving to France to live, you might think that you may as well either close or at least tidy up your finances in the UK before you leave. Resist this temptation! It can be much more difficult to open UK accounts when you are living in France and if you have closed everything you may find it virtually impossible to open any account in the UK.
The banking scene in France is completely different from that in the UK. Whereas there are the “big four” in the UK, France doesn’t really have any truly big banks and the majority of French “banks” are what would be considered relatively small regional building societies in the UK. As with small building societies, the range of products is quite limited.
Next week we’ll begin with what you might think is the simplest part of this topic: UK banking & finance.
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