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What is a traditional bank in France?
A traditional bank, often called a brick-and-mortar bank or branch bank, is a financial institution that operates primarily through a network of physical branches. These banks offer face-to-face interaction, allowing customers to personally meet with an advisor to discuss their financial needs. Historically, these banks were the first to operate in France, well before the advent of digital technology.
What are the best physical banks in France?
Each traditional bank has its own strengths, specialties and offerings. Here is an overview of the main traditional banks in France, based on the information collected:
Société Générale (SG)
Société Générale, or SG, is an emblematic institution in the French banking landscape. Founded in 1864, it has spanned the ages, actively participating in the economic development of France. With a network of more than 2,000 agencies spread across the country, it has been able to maintain proximity with its customers, whether individuals, professionals or businesses.
Costs : Société Générale offers a varied range of banking offers, each with its own pricing structure. For stock market transactions, for example, brokerage fees are particularly competitive: for an order of less than €500, the fees amount to only €0.99. For an order with an amount between €500 and €2,000, the fees are €2.90. Regarding current services, the bank offers packages including bank card, insurance and online services, with prices varying depending on the services included.
Financial services : Société Générale is not limited to the management of current accounts. It offers a wide range of financial products, ranging from savings solutions such as PEA or CTO, to life insurance products, including various loans adapted to each need (real estate, consumption, student). The bank also offers wealth management and investment services for wealthier clients.
Benefits :
- Friendly user interface : Whether in branch or online, Société Générale has focused on a clear and intuitive interface, facilitating daily banking operations.
- Wide range of financial products : The diversity of services offered allows each customer to find a solution adapted to their needs.
- Extensive agency network : The physical presence of the bank throughout the country is a major asset for those who favor human contact.
Disadvantages :
- Fees on certain services : Although competitive, the bank applies fees on certain specific operations or services.
- Sometimes long waiting times at the agency : The popularity of the bank may result in longer wait times, especially during peak times.
Our opinion : Société Générale brilliantly combines tradition and modernity. It offers the security and confidence of a historic bank while offering innovative and competitive services. It is ideal for those looking for a complete banking experience, combining physical proximity and powerful digital tools.
BNP Paribas
BNP Paribas, often simply referred to as « BNP », is one of the largest French banks and one of the most influential on the international scene. Founded in 1848, it played a crucial role in the economic development of France and extended its influence well beyond national borders. Today, with a presence in more than 70 countries, it is considered a major player in global finance, serving millions of customers around the world.
Costs : BNP Paribas’ pricing structure is designed to meet the needs of a diverse clientele. The “Account + CB BNP Net” offer at €6.80/month including tax is one of the many options available, offering a set of services to facilitate daily financial management. However, it is essential to note that fees may vary depending on the additional services chosen or the operations carried out.
Financial services : BNP Paribas offers a complete range of financial products and services. In addition to traditional savings solutions such as PEA or CTO, the bank also offers life insurance, various types of loans, savings solutions and specialized wealth management services. For international clients or those with interests abroad, BNP Paribas also offers a range of cross-border banking services.
Benefits :
- Global presence : BNP Paribas’ international reach is a major asset for clients who operate in multiple markets or who travel frequently.
- Regular promotional offers : BNP Paribas is known for its attractive promotions, allowing customers to benefit from advantageous conditions.
- Advanced financial analysis tools : The bank provides its customers with cutting-edge technological tools to monitor and analyze their finances.
Disadvantages :
- High fees for some services : Although BNP Paribas offers competitive rates on many services, some can be expensive, especially for high-end clients.
- Sometimes complex online interface : Although the bank has invested in digitalization, some users find the online interface less intuitive than that of other banks.
Our opinion : BNP Paribas is a leading institution that has evolved over time, combining the expertise of a traditional bank with the innovations of the modern world. It is particularly suitable for customers who are looking for a bank with a strong international presence and a full range of financial services.
LCL
LCL is an emblematic institution in the French banking landscape. Founded in 1863, it has spanned the ages, actively participating in the economic development of France. Its transformation into LCL in 2005 marked a new stage in its history, with a desire to modernize while retaining the values that have made it famous. With thousands of agencies spread across the national territory, LCL is deeply anchored in the French economic and social fabric.
Costs : LCL offers a pricing structure adapted to a varied clientele. Rates are competitive, and the bank regularly puts in place special offers to attract new customers or retain existing customers. For example, for young professionals, LCL offers offers with reduced fees, while professionals can benefit from specific packages.
Financial services : LCL offers a complete range of financial products to meet the needs of its customers. In addition to current accounts, the bank offers savings solutions such as PEA and CTO, life insurance, various types of loans, and of course, classic savings solutions. LCL also strives to innovate by regularly offering new products or services to adapt to the changing needs of its customers.
Benefits :
- Extensive agency network : LCL’s physical presence is one of its greatest assets. Customers can easily find an agency near their home or workplace.
- Comprehensive banking services : From daily account management to long-term financial planning, LCL offers a full range of services.
- Frequent promotional offers : LCL is known for its promotions, whether for opening new accounts, loans or other services.
Disadvantages :
- Fees for certain ancillary services : Although base rates are competitive, some specific services may incur additional charges.
- Less intuitive online interface : Although LCL has invested in modernizing its online services, some customers find the interface less intuitive compared to that of other banks.
Our opinion : LCL, with its rich history and strong national presence, is a bank of choice for those who favor a close relationship with their financial institution. It combines the expertise of a traditional bank with a desire for innovation, thus meeting the needs of a diversified clientele.
Mutual credit
Crédit Mutuel, one of the most emblematic banks in France, has been anchored in the mutualist tradition since its creation in 1882. This bank is distinguished by its cooperative model, where each customer is also a member, playing an active role in decisions. form the bank. With thousands of branches across France, Crédit Mutuel is deeply rooted in local communities, offering unrivaled proximity to its customers.
Costs : Crédit Mutuel offers a range of rates adapted to various customer profiles. Whether you are a student, professional or retired, the bank offers packages that meet your specific needs. For example, for a classic current account, fees may vary depending on the services included, but the bank regularly offers promotions or reductions for its members.
Financial services : In addition to traditional banking services, Crédit Mutuel offers a wide range of financial products. Customers can access savings solutions such as PEA and CTO, life insurance, various types of credit adapted to each project, and of course, traditional savings accounts. The bank also strives to offer innovations, such as mobile banking solutions or digital financial services.
Benefits :
- Strong local presence : Crédit Mutuel’s cooperative structure guarantees a strong local presence, with agencies often anchored in the heart of communities.
- Good reputation for customer service : Recognized for its attentiveness and proximity, the bank enjoys an excellent reputation in terms of customer relations.
- Regular promotional offers : Whether for opening an account, a real estate loan or other services, Crédit Mutuel frequently offers advantageous offers.
Disadvantages :
- Dated online interface : Although efforts have been made to modernize the online experience, some customers feel that the interface could be more intuitive.
- High fees for some services : While basic packages are competitive, some specific services or international transactions may incur additional fees.
Our opinion : Crédit Mutuel is more than just a bank; it is an institution that values the relationship with its customers. Its mutualist model, its strong local presence and its commitment to communities make it a bank of choice for those looking for an authentic and personalized banking experience.
Savings Bank
Caisse d’Épargne, founded in 1818, is one of the oldest banking institutions in France. With a rich history of more than two centuries, it has evolved to become a universal bank, while retaining its cooperative and mutualist spirit. It is structured into several regional funds, guaranteeing close proximity with its customers.
Costs : La Caisse D’Épargne offers a varied range of rates, adapted to different customer profiles. For example, the Visa Premier card is generally offered at around €134/year, but promotional offers can reduce this cost.
Financial services : In addition to traditional banking services, Caisse D’Épargne offers products such as PEA, CTO, life insurance, various loans, savings solutions, as well as wealth management and insurance services.
Benefits :
- Strong local presence : Thanks to its network of regional banks, Caisse D’Épargne offers unrivaled proximity.
- Cooperative commitment : As a cooperative bank, it places its customers at the heart of its decisions.
- Digital innovations : The bank has invested in digital solutions to improve customer experience.
Disadvantages :
- Variable pricing : Fees may vary depending on regional funds and current promotions.
- Offers sometimes less competitive : Certain products or services may be less advantageous than those offered by competitors, in particular online banks.
Our opinion : La Caisse D’Épargne, with its cooperative model and its long history, is an option of choice for those looking for a bank combining tradition and modernity.
HSBC
HSBC, founded in 1865, is a bank of British origin with a strong international footprint. In France, it has been present since 1894 and has established itself as a bank of choice for clients seeking an international dimension in their banking services.
Costs : HSBC offers competitive rates, particularly for customers with international needs. For example, the HSBC Visa Premier card is priced at around €134/year, with additional travel benefits.
Financial services : HSBC offers a full range of services, including PEA, CTO, life insurance, loans, savings, as well as specialized services for expatriates and international clients.
Benefits :
- International presence : HSBC is ideal for customers with overseas banking needs.
- Expertise in wealth management : The bank is recognized for its investment and wealth management advice.
- Offers for expats : Specific solutions are offered for clients living abroad or with international interests.
Disadvantages :
- Less proximity : Although present in France, the international dimension of the bank can sometimes make the relationship less personalized.
- Fees on certain international services : Some international related services may incur additional costs.
Our opinion : HSBC is the ideal bank for those seeking international expertise, whether for personal or professional needs. Its global presence and expertise in wealth management make it an option of choice for demanding clients.
Popular Bank
Presentation : Banque Populaire, with its cooperative origins dating from 1878, is one of the most emblematic banks in France. It is structured around several regional funds, which allows it to be deeply anchored in the territories it serves.
Costs : Banque Populaire pricing may vary depending on the regional banks. However, it regularly offers bundles, allowing customers to benefit from preferential rates on a combination of services.
Financial services : La Banque Populaire offers a complete range of financial products, ranging from current accounts to savings solutions, including real estate loans and insurance. It is also recognized for its solutions dedicated to entrepreneurs and professionals.
Benefits :
- Strong local anchoring : Thanks to its regional banks, Banque Populaire maintains a close relationship with its customers.
- Cooperative model : As a cooperative bank, it places its customer-members at the heart of its decisions, guaranteeing democratic governance.
- Digital innovations : Banque Populaire regularly invests in digital solutions to improve the customer experience.
Disadvantages :
- Price variability : Fees can vary from one regional fund to another, which can sometimes lead to confusion.
- Competition from online banks : Faced with the rise of online banks, certain Banque Populaire offers may seem less competitive.
Our opinion : La Banque Populaire, thanks to its cooperative model and its local roots, is a preferred option for those looking for a bank that understands the specificities of their region and that values customer relations.
Axa
AXA, initially recognized as one of the world’s largest insurance companies, has diversified its business to include banking services. In France, AXA Banque has become a major player, offering a full range of financial services, while capitalizing on its insurance expertise.
Costs : AXA Bank is competitive in terms of pricing, particularly for clients who combine banking and insurance services. For example, the Visa Classic card is often offered under conditions, particularly for customers who have taken out certain insurance.
Financial services : In addition to traditional banking services, AXA Bank stands out for its insurance offers, ranging from home insurance to life insurance. It also offers savings and credit solutions adapted to different customer profiles.
Benefits :
- Bank-insurance synergy : AXA Bank is able to offer combined offers, allowing customers to manage their finances and insurance in one place.
- Insurance expertise : Benefit from AXA’s recognized expertise in the field of insurance.
- Modern online platform : AXA Bank has invested in digital solutions to facilitate the management of accounts and insurance contracts.
Disadvantages :
- Fewer dedicated agencies : Although AXA has a network of branches, their number is lower than that of traditional banks.
- Pricing : Some services may be more expensive for non-AXA customers or for those who do not combine banking and insurance services.
Our opinion : AXA Bank is an interesting option for those looking to combine banking and insurance services. Its modern platform and combined offerings make it an attractive option, particularly for customers already insured with AXA.
Agricultural credit
Crédit Agricole, founded in 1894, was born from the desire to finance and support the development of the agricultural world in France. Today, it has transformed into an international banking group, while retaining its local roots through its regional banks. Each regional bank is an independent entity, which allows Crédit Agricole to be as close as possible to the needs of its customers in each region.
Costs : Crédit Agricole’s pricing is adapted to the diversity of its customers. If the Gold Mastercard is offered at around €134/year, many offers allow you to reduce these costs, particularly depending on the services subscribed or the savings held. It should also be noted that prices may vary from one regional fund to another.
Financial services : In addition to traditional banking services, Crédit Agricole offers a wide range of financial products, ranging from savings solutions to real estate loans, including insurance and wealth management. The group has also developed specific offers for young people, professionals and even farmers.
Benefits :
- Strong territorial anchoring : Thanks to its regional banks, Crédit Agricole is present throughout France, guaranteeing proximity to its customers.
- Diversified offers : Whether you are an individual, a professional or a company, Crédit Agricole has a solution adapted to your needs.
- Social commitment : Crédit Agricole is recognized for its actions in favor of sustainable development and the energy transition.
Disadvantages :
- Price variability : Fees may vary depending on the regional funds, which can make the comparison of offers more complex.
- Digitalization : Although Crédit Agricole has made efforts to improve its online services, some digital offers may seem less advanced than those of online banks.
Our opinion : Crédit Agricole, thanks to its territorial network and its commitment to its customers, remains a bank of choice for those who prioritize proximity and human relationships. Its diversified offering and its societal commitment strengthen its leading position on the French market.
The postal bank
La Banque Postale, a subsidiary of the La Poste group, is a unique bank of its kind. Born in 2006, it inherits the public service mission of La Poste, guaranteeing banking accessibility for all. It is present in many post offices across France, which allows it to be as close as possible to its customers.
Costs : La Banque Postale stands out for its generally competitive pricing. The Visa Classic card, for example, is offered at €39/year, but many offers allow you to benefit from reduced rates or free under certain conditions.
Financial services : In addition to traditional banking services, La Banque Postale offers a complete range of financial products, ranging from savings solutions to real estate loans, including insurance and protection. It has also developed specific offers for young people, seniors and even professionals.
Benefits :
- Public service mission : La Banque Postale is committed to guaranteeing banking accessibility for everyone, including the most vulnerable populations.
- Proximity : Thanks to its network of post offices, it is present even in the least dense areas.
- Solidarity offers : La Banque Postale develops products and services with a social vocation, such as the solidarity savings booklet.
Disadvantages :
- Modernization : Although efforts have been made to digitalize its services, La Banque Postale may still seem to lag behind certain online banks in terms of innovation.
- Diversity of the offer : Its offering of financial products may seem less diversified than that of certain large banks.
Our opinion : La Banque Postale is a unique bank, which puts people at the heart of its concerns. Its public service mission and its commitment to the most vulnerable populations make it a bank of choice for those looking for an ethical and supportive bank.
CIC
CIC is one of the oldest deposit banks in France. Founded in 1859, it has evolved over the years to adapt to the changing needs of its customers. Today, CIC is part of the powerful Crédit Mutuel group, thus strengthening its position on the French market.
Costs : The CIC offers pricing adapted to the diversity of its clientele. If the Mastercard card is generally offered at €45/year, many offers allow you to benefit from reduced rates or free under certain conditions.
Financial services : In addition to traditional banking services, CIC offers a wide range of financial products, ranging from savings solutions to real estate loans, including insurance and wealth management. The group has also developed specific offers for young people, professionals and even businesses.
Benefits :
- Agency network : CIC has a vast network of agencies across France, guaranteeing proximity to its customers.
- Diversity of the offer : Whether you are an individual, a professional or a company, the CIC has a solution adapted to your needs.
- Digital innovations : The CIC regularly invests in the digitalization of its services to offer an optimal customer experience.
Disadvantages :
- Pricing : Certain fees, particularly for ancillary services, may be higher than the market average.
- Promotional offers : CIC offers fewer promotional offers than some online banks, which can make certain services less attractive.
Our opinion : CIC, with its long history and its membership of the Crédit Mutuel group, is a bank of choice for those seeking the stability of a large bank while benefiting from a diversified offering and regular innovations.
Why choose a traditional bank?
Traditional banks offer a unique experience that cannot be matched by online banks. Here are some reasons why you might choose a traditional bank:
Personal interaction
Nothing replaces human contact. Traditional banks offer the opportunity to speak face-to-face with an advisor.
Diversified services
From insurance to investment, traditional banks often offer a wider range of services.
Security
With physical branches, many customers feel more secure knowing they have somewhere to go if something goes wrong.
What are the differences between a physical bank and an online bank?
Traditional banks and online banks each have their own advantages. Here is a comparative table of the most relevant criteria:
| Criteria | Traditional Bank | online bank |
| Costs | Often higher | Usually lower |
| Accessibility | Physical agencies | 24/7 online |
| Services | Complete range | Limited but growing |
| Interaction | Face to face | Mainly online |
| Online tools | Variables | Often advanced |
In conclusion, the choice between a traditional bank and an online bank will depend on your personal preferences and financial needs.
