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Traditional banks, online banks and neobanks in France

Updated: 17 hours ago

Boursorama banque, N26, Revolut, Société Générale... Which one to choose? What are the differences between traditional banks, neobanks and online banks? No worries, we will give you all the useful information in this article!

And discover the differences between traditional banks and neobanks in this article.

About traditional banks in France

👉 There are several traditional banks in France that have branches across the country. Here are the biggest and most well-known national French banks:

About neobanks in France

👉 A neobank is a digital bank that does not have any branches. Instead of having a physical presence at a set location, neobanking is entirely online.

Advantages and disadvantages :

  • ✔️Lower fees and higher interest rates on checking/saving accounts

  • ✔️Easy account creation online

  • ✔️Operates H24 from anywhere

  • ✔️No income condition

  • ✔️Virtual card

  • ❌No authorised overdraft

  • ❌Limited range of financial products (credit, savings, insurance)

  • ❌ No Cheque book

  • ❌Less regulated than traditional banks

N26 : one of the best neobanks

👉 N26 is a neobank that offers:

  • A current account with no income requirement, opened in a few minutes

  • A bank card associated with your current account

  • A mobile application allowing 360-degree account management

  • A consumer credit offer

Here are the requirements to open an N26 account:

  • Be over 18 years old and reside in one of the countries where the neobank is present (nationality does not matter)

  • Have a valid identity card or passport

  • Have a mobile phone recent enough to launch the application


👉 Revolut proposes:

  • A free and unconditional bank account. No proof of residence or income is required: you just need to photograph one of your identity documents. The Revolut France account allows you to carry out all classic operations (transfers, direct debits, etc.) like any bank account.

  • A Revolut Mastercard Classic bank card is associated with the current account, which allows you to carry out all current transactions.

  • A multi-currency payment service.

About online banks

👉 Online banking relies on an existing structure to offer a dematerialized offer but of equivalent quality. This feature allows it to offer its customers the financial stability of a traditional bank, with the attractive prices of an online offer!

Boursorama Banque

👉 Boursorama is one of the main French online banks. It is renowned for being one of the cheapest and has a very complete banking offer: current account, free cards, passbook savings, life insurance, insurance etc. Société Générale is the majority shareholder of Boursorama Bank.With Boursorama, enjoy fast, 100% online, secure processes and the full range of products you need at the best price!

  • ✔️No income conditions

  • ✔️A full range of related financial products (credit, savings, stock market, insurance)

  • ✔️Overdraft

  • ✔️Cheque book

  • ❌No virtual card

🎁Win up to €100 if you open your Boursorama bank account withe the code DIPO5652 !

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