{"id":931,"date":"2020-05-07T10:55:04","date_gmt":"2020-05-07T09:55:04","guid":{"rendered":"https:\/\/blog.u-bourgogne.fr\/ica\/?page_id=931"},"modified":"2020-05-07T11:02:56","modified_gmt":"2020-05-07T10:02:56","slug":"finances","status":"publish","type":"page","link":"https:\/\/blog.ube.fr\/ica\/french-necessities\/finances\/","title":{"rendered":"Finances"},"content":{"rendered":"<p><span style=\"font-weight: 400\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">Prior to arriving, prepare a credit card or a bank card. <\/span><span style=\"vertical-align: inherit\">The reason for this is you cannot get a French bank card immediately. <\/span><\/span><\/span><\/span><\/span><\/span><\/span><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">This might be easy for those students who already rented a house before arriving, but for some students, this might be a big barrier.<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span style=\"font-weight: 400\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">If you cannot solve your accommodation problem in a short period, a credit card or bank card from your home country is very important, on the one hand, taking too much cash with you is not very safe.<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">The bank card must be Visa, Mastercard, or OB card.<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/li>\n<\/ul>\n<p><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">In France, the POS machines in most of the supermarkets do not support Union pay and JCB, America Express, etc .; <\/span><span style=\"vertical-align: inherit\">however, <\/span><\/span><\/span><\/span><\/span><\/span><\/span><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">you can easily find an ATM which supports these bank cards. <\/span><\/span><\/span><\/span><\/span><\/span><\/span><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">For example, for Union pay, there are 70% ATMs in France that can withdraw money directly. <\/span><\/span><\/span><\/span><\/span><\/span><\/span><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">The money will be deducted from your bank account according to the current exchange rate. <\/span><\/span><\/span><\/span><\/span><\/span><\/span><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">Most banks will charge handling fees, b <\/span><\/span><\/span><\/span><\/span><\/span><\/span><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">ut there are still some banks that don&#8217;t, if you can find some banks who have \u201cfree policy\u201d for withdrawing money overseas, it can help you save some money.<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">The bank card needs to be a chip card.<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/li>\n<\/ul>\n<p><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">Almost all bank devices in France are designed for a chip card, so your bank card must be a chip card. <\/span><\/span><\/span><\/span><\/span><\/span><\/span><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">There are some devices that can support magnetic stripe cards, but not common.<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">You better connect your bank account with your phone number.<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">Since you will live in France for a long time, you will need to deal with your bank issue on your phone. <\/span><span style=\"vertical-align: inherit\">You need to use your phone to receive verification codes, etc. <\/span><\/span><\/span><\/span><\/span><\/span><\/span><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">You better connect your phone number and bank account and make sure the international roaming function is working.<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">A credit card is recommended<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/strong><\/p>\n<p><b>\u00a0<\/b><span style=\"font-weight: 400\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">The credit card from your home country is not necessary, but using a credit card in France can help you to save money and build your personal credit, and it can also be required in some places.<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<ul>\n<li style=\"list-style-type: none\">\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">Usually, the bank will give some favorable treatment to credit card users. <\/span><\/span><\/span><\/span><\/span><\/span><\/span><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">For example, you can get a preferential exchange rate and integration which can be used to get some gifts, even a flight ticket.<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">Using a credit card can also help you to build your personal credit in your home country, compared with those people who don&#8217;t use a credit card, the credit card user with good credit can easily get a loan from the bank.<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">If you want to rent a car in France, your credit card will be required.<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">Please be aware that your credit card must support euro or US dollar, otherwise, the transition fee will be charged.<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">Do you need to prepare a lot of cash?<\/span><\/span><\/span><\/span><\/span><\/span><\/strong><\/p>\n<p><span style=\"font-weight: 400\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">Preparing some cash before coming to France is necessary. <\/span><span style=\"vertical-align: inherit\">Of course, you can find some exchange agencies here, but the exchange fee will be quite high. <\/span><span style=\"vertical-align: inherit\">If you can change some money in your home country, that will be better. <\/span><span style=\"vertical-align: inherit\">But be aware that in a lot of countries, the customs have some limitations about the cash that you can carry.\u00a0<\/span><\/span><\/span><\/p>\n<p><span style=\"font-weight: 400\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">How much money do you need to change? <\/span><span style=\"vertical-align: inherit\">This depends on you, but you don&#8217;t need to bring too much, bringing a lot of cash with you is not a wise choice.<\/span><\/span><\/span><\/p>\n<p><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">How to transfer your money to France?<\/span><\/span><\/strong><\/p>\n<p><span style=\"font-weight: 400\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">As we mentioned, the easiest way will be to withdraw money from your bank card, but besides this way, you can also choose other ways.<\/span><\/span><\/span><\/p>\n<p><span style=\"font-weight: 400\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">There are many banks and platforms that provide international money transfer services, but first, you need a French bank account to receive money.<\/span><\/span><\/span><\/p>\n<p><span style=\"font-weight: 400\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">Note: These are just suggestions and experiences, and might be different in your country. <\/span><\/span><\/span><\/span><\/span><\/span><\/span><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">Please consult the bank in your home town in order to get more information.\u00a0<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Prior to arriving, prepare a credit card or a bank card. The reason for this is you cannot get a French bank card immediately. This might be easy for those students who already rented a house before arriving, but for some students, this might be a big barrier. If you cannot solve your accommodation problem&hellip;<\/p>\n<p class=\"more-link-p\"><a class=\"btn btn-primary\" href=\"https:\/\/blog.ube.fr\/ica\/french-necessities\/finances\/\">Voir plus &rarr;<\/a><\/p>\n","protected":false},"author":2570,"featured_media":0,"parent":136,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-931","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/blog.ube.fr\/ica\/wp-json\/wp\/v2\/pages\/931","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.ube.fr\/ica\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/blog.ube.fr\/ica\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/blog.ube.fr\/ica\/wp-json\/wp\/v2\/users\/2570"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.ube.fr\/ica\/wp-json\/wp\/v2\/comments?post=931"}],"version-history":[{"count":6,"href":"https:\/\/blog.ube.fr\/ica\/wp-json\/wp\/v2\/pages\/931\/revisions"}],"predecessor-version":[{"id":939,"href":"https:\/\/blog.ube.fr\/ica\/wp-json\/wp\/v2\/pages\/931\/revisions\/939"}],"up":[{"embeddable":true,"href":"https:\/\/blog.ube.fr\/ica\/wp-json\/wp\/v2\/pages\/136"}],"wp:attachment":[{"href":"https:\/\/blog.ube.fr\/ica\/wp-json\/wp\/v2\/media?parent=931"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}