Prepaid Cards in France
Neteller offer a free virtual account which can be upgraded to a prepaid MasterCard, subject to T & C's including applicant providing acceptable ID, being a resident in the UK or Ireland. Prepaid Card & usage fees apply.
Application is free based on you loading £200 of currency on to your card. This card is an electronic money product issued by Clydesdale Bank PLC. Clydesdale Bank PLC, a company registered in Scotland with number SCOO1111
Europe Traveller by Caxton FX - Preload your card with currency, subject to terms and conditions including applicant providing acceptable ID, being a resident in the UK & aged 18 years+. Travel Card & usage fees apply.
Euro Card by Ace FX - Preload your card with currency, subject to terms and conditions including applicant providing acceptable ID, being a resident in the UK & aged 18 years+. Travel Card & usage fees apply.
Prepaid cards available in France where you need to be a France resident to get a prepaid credit cards
Money transfer France
France is a popular country to transfer money to. Many people have holiday homes in France, while a large number of expats have chosen to spend their retirement in the country. If you are looking to send money to France for a property or to relatives, here is what you need to know:
The official currency in France is the euro (EUR). The two denominations available are notes and coins. Notes are available from 5.00 Euros up to 500.00 Euros and cover the following: 5.00, 10.00, 20.00, 50.00, 100.00, 200.00 and 500.00. Coins are available from 1 Euro Cent to 2.00 Euros: 1 Euro Cent, 2 Euro Cent, 5 Euro Cent, 10 Euro Cent, 20 Euro Cent, 50 Euro Cent, 1.00 Euro and 2.00 Euro.
For your retirement
A large number of expats are now choosing to spend their retirement in another country for a better and cheaper standard of living. Brits in particular are choosing France for its close proximity to England making it a convenient location should they wish to return to see friends or family.
Property prices are considerably appealing to expats at the moment too as the euro’s strength is especially weak against the pound. If you are looking to retire in France there are a number of different ways to transfer money there.
The most widely accept credit cards in France are Visa and Mastercard so it is simple to transfer money and use money on your credit card in France.
In order to determine whether the same credit card services can be used in France you should contact your credit card provider first.
Traveller’s cheques can also be used although often a passport will have to be used alongside the cheque to exchange the currency.
To buy overseas property
Buying property is the most popular reason Brits transfer money overseas. It is often the biggest foreign exchange transaction, although buying a business or emigrating can also involve a large transaction.
If you are looking to live in France and buy your own property you need to work out your actual budget by knowing the exchange rate. If you do not work out the exchange rate there is a strong chance you could spend more than you intended on your property in France.
Individuals moving abroad should not even begin considering or looking in to houses until they know its actual value after the cost has gone through the exchange rate.
Advantages of good exchange rates
It is crucial individuals looking to transfer large sums of money to France, either for property or business, research the different exchange rates on the market.
There is not a fixed exchange rate. Do not assume all money transfer companies have the same rates.
Many people go to their bank to exchange money because it is assumed the bank will offer the most appealing rates. However, banks are very rarely offering competitive rates.
The best thing expats and other individuals can do regarding a good exchange rate is use a broker who could save you thousands of pounds as they will present a comparison of all the different rates on offer.