Bank overdraft refers to the situation where you can still use your bank account and make payments, despite having no money left on your account. Since the overwhelming majority of companies in France have a dedicated bank account, how does it work for them?

Depending on what sort of business you create, opening a separate bank account is not always mandatory in France.

Technically, whether you live in France or not, you are allowed to open a bank account in France. However, in truth, it can be very difficult to open an account if you’re not French, and especially if you’re not European.

Is it mandatory to have a separate bank account for your business in France? In most cases, then yes, it is necessary. There are a few situations where you are exempted from it, but even then, opening a dedicated account for your business is heavily advised.

You’re creating a business in France, and your business plan made it apparent that you needed some funding. If so, you’re going to need to talk to a banker, and that can be a surprisingly difficult task.