fbpx

Choosing an Account for Students in France

choosing savings account for students

As a student in France, your financial well-being plays a pivotal role in shaping your academic success. In this guide, we’ll explore some of the things you need to consider when choosing the best account for students tailored to your unique needs.

Whether you’re studying in your home country or venturing abroad in France, an online account offers numerous benefits that empower you to take control of your money matters.

1. Identify Your Short-Term and Long-Term Goals:
Before anything else, it is important to clarify your financial goals. Are you saving for short-term expenses, such as a laptop or a trip, or are you planning for long-term goals like tuition fees or post-graduation plans? 

Understanding your objectives will guide you in choosing an account with the right features.

2. Convenient Money Management:
An online account provides you with the flexibility to manage your finances anytime, anywhere. Through digital and mobile platforms, you can check your balance, track transactions, and pay bills with ease, eliminating the need for frequent visits to brick-and-mortar branches.

3. Secure Transactions:
Fintechs such as eGlobex focus heavily on technological developments in terms of robust security features. With multi-factor authentication and fraud monitoring, you can enjoy peace of mind as you navigate the digital landscape.

4. Accessibility and Convenience:
Consider the accessibility and convenience you need for your account. For example, whether the account operates in the Visa or Mastercard networks. Evaluate the benefits and features offered by each network to ensure compatibility with your spending habits and lifestyle preferences. 

5. International Study Considerations:
If you’re planning to study in France, having an online account with a local IBAN can be essential. A French IBAN enables you to receive funds, pay tuition fees, and access student services (for example: financial aid, scholarships, among others) and overall, facilitates a smooth transition to life abroad.

6. Facilitate Internship and Employment Payments:
If you plan to undertake internships or part-time employment during your studies in France, having a French IBAN could be essential to your employer when it comes to receiving salary payments.

bank account for students

7. Consider Future Needs:
Anticipate your future needs and the evolution of your financial situation. Evaluate whether your current account still meets your evolving financial needs. Planning for the future will ensure that your account remains suitable as your circumstances change.

8. Read Reviews and Seek Recommendations:
Take the time to read reviews and seek recommendations from fellow students or online communities. Real-world experiences can offer insights into the quality of service, customer support, and any potential issues you might encounter.

Choosing the right account as a student in France involves a thoughtful assessment of your financial goals, the features offered by different accounts, and the overall customer experience provided by each institution. The options mentioned above provide a starting point for your research, but it’s essential to review the terms and conditions of each account to make an informed decision. Remember, the goal is to find an account that not only helps you save but also supports your financial well-being throughout your academic journey and beyond.

other blogs

Celebrate the Holidays with eGlobexThe festive season is here, and what better way to make your holiday travels even sweeter than with exclusive...

join our newsletter

Globex is registered in France with the registration number 794844605. Registered Office: 13 BD de la République, 06240 Beausoleil, France. Globex is licensed by the ACPR Banque de France (REGAFI number: 61416). Globex is an official agent (reference number: C141356) of Western Union Ireland (C55075), licensed by the Central Bank of Ireland. Globex is a distributor of PFS Card Services (Ireland) Limited under its E-Money license

The Globex Prepaid Mastercard is issued by PFS Card Services (Ireland) Limited pursuant to a license by Mastercard. PFS Card Services (Ireland) Limited, trading as PCSIL, is authorised and regulated as an issuer of electronic money by the Central Bank of Ireland under registration number C175999. Registered office: EML Payments, 2nd Floor La Vallee House, Upper Dargle Road, Bray, Co. Wicklow, Ireland.