France American Expat's Money Guide: France
Transfers, banking, and US + local taxes for Americans in France. Currency: EUR.
The quick answer
- US tax treaty
- Yes
- Totalization (SS) agreement
- Yes
- Special expat tax regime
- Régime des impatriés (impatriate regime, Art. 155 B)
- Bank account as a US citizen
- Yes
Local top marginal income-tax rate (headline): 45%. Effective rates depend on income, residency status, and any special regime. Figures here are general and can change, so verify against current law before relying on them.
Informational only, not financial, tax, or legal advice. Cross-border tax is fact-specific; confirm with a qualified cross-border CPA or adviser before acting. Some links are affiliate links, and we may earn a commission at no extra cost to you. Full disclaimer.
Cost of living
A city-centre 1-bedroom in France runs about $1,609/mo
Compare cost of living between countries →
Approximate — Numbeo, as of 2026-06. Your real costs depend on city and lifestyle.
1 Moving your money (USD → EUR)
USD→EUR is a high-liquidity, low-cost corridor; specialist providers generally beat bank-wire FX margins on a relocation transfer.
Our partner pick
Wise
The visible fee isn't the cost; the exchange-rate spread is. A specialist like Wise typically beats a bank wire on USD→EUR; compare your exact amount first.
Last checked 2026-06-03 · Affiliate link; we may earn a commission at no cost to you.
2 Banking as an American in France
Residents open accounts readily; non-residents may open a 'compte non-résident' but it's bank-dependent and harder. Under the France FATCA agreement all French banks collect US persons' SSN/TIN and report to the IRS, and some banks/brokers decline US-person clients to avoid the burden, so shopping around is often needed.
Some local banks reject US persons to avoid FATCA reporting. A multi-currency expat account is the common workaround.
3 Taxes: the part everyone gets wrong
The US side: you still file
- FEIE / FTCYou file a US return on worldwide income. FEIE or the Foreign Tax Credit usually prevents true double taxation; which one wins depends on your income and local rates.
- $10,000FBAR (FinCEN 114) if your foreign accounts top $10,000 combined at any point in the year.
- Form 8938FATCA reporting may also apply above higher thresholds.
The France side
France offers a special regime, Régime des impatriés (impatriate regime, Art. 155 B). France's impatriate regime can exempt part of qualifying impatriates' income for up to 8 years (a 30% flat lump-sum option, foreign-workday relief, and 50% of certain foreign-source passive income), capped overall. French authorities updated the guidance in 2025. Note high social charges (CSG/CRDS) and high-income surtaxes apply on top of the 45% income-tax band. The US-France treaty is unusually favorable to Americans (see gotchas). Verify current rules.
Where this gets people
- The popular assurance-vie wrapper is a PFIC minefield for US persons, and France's IFI real-estate wealth tax can apply once your property tops €1.3M.
- The upside: the US-France treaty is unusually friendly: US-source pensions, IRAs/401(k)s and some investment income are generally taxed only by the US for French residents.
- Some French banks are FATCA-shy and decline US-person clients, so expect to shop around.
- A "special regime" headline rate is not your effective rate: eligibility and exclusions matter a lot.
- State taxes can follow you abroad depending on the US state you left, so don't assume you're done with them.
Our partner pick
Greenback Expat Tax Services
Cross-border tax is fact-specific and the penalties are real. A US-expat tax specialist handles FEIE/FTC, FBAR, and FATCA correctly.
Last checked 2026-06-03 · Affiliate link; we may earn a commission at no cost to you.
4 Investing & brokerage
US brokers sometimes drop customers with a non-US address. A broker that explicitly supports non-resident Americans is the standard fallback. Beware buying local (non-US) funds: PFIC (Passive Foreign Investment Company) rules make them a US tax nightmare.
Our partner pick
Interactive Brokers
Interactive Brokers explicitly supports non-resident Americans, so a France address won't get your account closed, and US-domiciled funds keep you clear of PFIC.
Last checked 2026-06-03 · Affiliate link; we may earn a commission at no cost to you.
5 Healthcare & insurance
Legal residents generally gain access to France's public health system, but there's usually a gap before residency and coverage kick in. Many new arrivals and nomads bridge the gap with international coverage.
Our partner pick
SafetyWing
Covers the gap between arrival and public-system enrollment. Month-to-month, designed for nomads and new arrivals.
Last checked 2026-06-03 · Affiliate link; we may earn a commission at no cost to you.
6 Common residency routes
Long-stay visa (VLS-TS, incl. visitor/retirement)
Talent Passport (Passeport Talent)
Family reunification
Your residency route determines your tax residency and bank access; they're connected.
Keep planning
Cheapest way to send USD → EUR
Corridor breakdown for France, fee by fee.
Wise vs. OFX
Which specialist wins for your transfer size.
Open a bank account abroad as a US citizen
Guide
FBAR & FATCA, explained
Guide
FEIE vs. the Foreign Tax Credit
Guide
All 16 country guides
Compare destinations side by side.
Considering somewhere else? Australia · Canada · Costa Rica
Frequently asked questions
Do Americans living in France still have to file US taxes?
Yes. US citizens file with the IRS on worldwide income no matter where they live. The US-France tax treaty and tools like the Foreign Earned Income Exclusion (FEIE) or the Foreign Tax Credit usually prevent true double taxation, but you still must file. This is general information, not tax advice.
Do I need to file an FBAR if I move to France?
If your foreign financial accounts add up to more than $10,000 at any point in the year, you generally must file an FBAR (FinCEN Form 114). Many expats also have FATCA (Form 8938) obligations. Penalties for missing these are steep, so confirm your situation with a cross-border professional.
What's the cheapest way to move money to France?
For a relocation lump sum, the cost is almost entirely the exchange-rate spread, not the visible fee. Banks commonly bury 1-3% in the rate. Compare your specific amount with the transfer cost tool before sending.
Can I keep my US brokerage account after moving to France?
Some US brokers restrict or close accounts once you have a non-US address. A broker that explicitly supports non-resident Americans is the common fallback. Don't change your address until you've confirmed your broker's policy.
What is the Régime des impatriés (impatriate regime, Art. 155 B) regime in France?
France's impatriate regime can exempt part of qualifying impatriates' income for up to 8 years (a 30% flat lump-sum option, foreign-workday relief, and 50% of certain foreign-source passive income), capped overall. French authorities updated the guidance in 2025. Note high social charges (CSG/CRDS) and high-income surtaxes apply on top of the 45% income-tax band. The US-France treaty is unusually favorable to Americans (see gotchas). Verify current rules. Eligibility and exclusions matter: a regime's headline rate is not your effective rate, so confirm against current law before relying on it.
Can I open a local bank account in France as an American?
Yes, non-residents can generally open a local account in France. Some banks are wary of US persons because of FATCA reporting, so be prepared to shop around. A multi-currency account covers the gap while you get set up.
Data last verified 2026-06-03. Primary source: irs.gov.