After living in France for over 1.5 years, it was about time for me to open a bank account. I have been delaying this out of pure laziness. All the money I make goes into my US bank account and then I transfer it to my husband’s French account here using xe.com. Transfers from the USA to France is free and I get better rates than with a bank. I used his ATM card to withdraw money as needed.
This was a great system until I started my auto-entrepreneur business in France and am registered with social security. If my husband ever gets audited, it would look like he is not declaring all of his income when it is actually my income going into his account. So to avoid any confusion, we went to his bank to open an account for me.
When opening this account, I was shocked by several things… [Read more…]