France: cheapest banks by banking fees 2024

As of February 2024, the cheapest banks in France were three online banks, Boursorama Banque and Fortuneo, both with annual bank charges of 2.78 euros, and Orange Bank, with an annual bank charge of 18.98 euros. At traditional banks, such as Crédit Coopératif, customers have to pay significantly higher fees. From 2006 onwards, the share of the French population using internet banking services increased significantly and reached more than 70 percent by 2021.  

Online banking practices

Online banking allows customers to carry out payments and various transactions using the internet, and can be both part of traditional financial institutions’ services and digital banks. In 2023, among French people aged 25 to 34 years old, over 86 percent used online banking, making it the most active age group in terms of online banking penetration.

Ranking of the cheapest banks in France in 2024, by annual bank charges (in euros)

Characteristic	Annual banking fees in euros
Boursorama Banque	2.78
Fortuneo	2.78
Orange Bank	18.98
Hello Bank	92.76
Monabanq	111.5
Crédit Coopératif	123.26
AXA Banque	126.86
Crédit Agricole Ile-de-France	140.06
Crédit Agricole Anjou Maine	144.2
Crédit Agricole Center Loire	145.56

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Release date

February 2024

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Region

France

Survey time period

February 1st, 2024

Supplementary notes

The source added the following information: "In order to make the price comparison offered on this page, for several services, we had to create a representative price list that takes into account the particularities of each bank: free of charge for certain transactions above a certain threshold (or, on the contrary, up to a certain threshold); maximum billing limit for multiple transactions, per day, per month or per year... In the same way, when a service is not offered or its price is unknown, it is replaced either by the maximum amount practiced by the other institutions when this tariff should be present in the brochure, or by the average value practiced in order to neutralize it, or by a nil value for an absent investment. Warning: some banks only accept new customers on condition that they meet certain income or payment criteria. This is most often the case with online banks to obtain a free card".

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