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  • Eye Prefer Paris is an ex-New Yorker's insider's guide to Paris. Richard Nahem writes his blog from his fabulous 18th century apartment in the fashionable Marais district of Paris

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April 27, 2021

Comments

Annie Petitt

I, being a native from France and living in the United States, returned home on several occasions to visit my family. When I went to the bank with my sister once, I inquired about opening a savings account, which would make it easier for me to access funds for my expenses. The manager said yes I could do that. And when I asked about the interest this account would earn, he said that, because I reside in a foreign country, the interest would be taxed automatically at 50%. I told him that was "highway robbery." On another occasion, my sister owed me money, so she went to her bank to request a check drawn on a US bank so she could repay me. She was told that was not possible. I would have to furnish my US bank account number so a wire transfer would be made (and they probably would charge an arm and a leg for that transaction). I declined that option.
Another time, I wanted to exchange US dollars for French currency (different city, different bank), and was told the bank did not deal with cash inside. All transactions were made at the ATM and, of course, no foreign exchange, unless I went to The Banque de France - which was very far away from where I was.

Carmen Clarke

Thank you, Richard, for the laugh-out-loud banking story. Loved it and can definitely say that Credit Lyonnais is no different!

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