Banque Transatlantique: the private bank for French nationals abroad

Banque Transatlantique is a credit institution licensed in France, a subsidiary of Crédit Mutuel Alliance Fédérale, supervised by the Autorité de contrôle prudentiel et de résolution and the European Central Bank. It is a member of the Fonds de garantie des dépôts et de résolution, which covers cash deposits, securities held in custody and certain guarantees.

Cash deposits are guaranteed up to up to €100,000² per depositor and per credit institution, across all accounts. Securities held in custody fall under a separate securities guarantee mechanism, which is distinct from this ceiling.

The guarantee is attached to the French institution: assets held in a foreign subsidiary of the group may fall under a different regime, which should be checked according to the entity that holds the account.

The bank is dedicated to private banking for French nationals living abroad or about to move abroad, as well as non-residents of France for tax purposes: diplomats and public servants posted abroad, executives, company directors, entrepreneurs and investors. It is represented by subsidiaries, a branch or offices in Belgium, the United States, Hong Kong, Luxembourg, the United Kingdom and Singapore.

No minimum assets, wealth or income is published, nor any list of accepted or excluded countries of residence, nor any rule concerning “US persons”. Access is based on a relationship with a dedicated private banker and must be checked directly with the institution.

The offering covers account keeping, multi-currency means of payment, asset management, wealth structuring (including the monitoring of stock-option and free share plans) and financing, notably property financing for non-residents.

Private Banking account keeping is charged between from €15¹ and figure being updated per month according to the personal customers' fee brochure; it is waived under the Contrats Personnels and free for minors. Sending a transfer outside the SEPA area starts at figure being updated for the first amount band, with fees increasing by band and possible currency conversion fees on top.

The brochure does not specify what determines the exact account-keeping fee within the published range, nor the content and price of the Contrats Personnels, nor any specific pricing for non-residents. The currencies in which an account can be held are not listed.

• The group entity that will actually hold the account (French institution or foreign subsidiary), which determines the applicable guarantee regime.
• The pricing actually applied to their relationship, as the brochure only gives a range for account keeping.
• Any restrictions linked to their country of residence or to US tax status, which are not published.
• Whether the investment solutions offered in France are consistent with the taxation of their country of residence.