Opening a bank account is an essential step for managing your finances, receiving payments, and paying bills. However, this process can be challenging if you don’t have an ID. Whether you’re a foreign student, a refugee, or you've lost your documents, there are ways to open a bank account without an ID.

In this guide, we’ll explain how you can open a bank account without an ID, what alternatives are available, and which documents you might use instead.

Why do banks require an ID?

Banks are legally obligated to verify the identity of anyone who wants to open an account. This verification is crucial to comply with regulations aimed at preventing money laundering and fraud, such as the European Directive 2015/849. Typically, a national ID card is the most common document used for this verification.

Traditional banks usually ask for several documents when you open an account, including an ID card, proof of address, and sometimes proof of income. These documents help verify your identity, address, and financial situation. However, this process can be burdensome for certain people, especially those in vulnerable situations, those banned from banking, or those who don’t have all the required documents. This is where some online banks and no-ID-required accounts come into play, offering more accessible and flexible options.

Is it possible to open a bank account without an ID?

At certain financial institutions, you can open a bank account even without an ID. If you don’t have an ID card, here are some alternative documents that might be accepted:

• Passport: Often accepted as an alternative to a national ID card, it serves as proof of both your identity and nationality, allowing you to open a bank account without an ID.
• Driving Licence: Although primarily a driving document, a driving licence can also serve as proof of identity when opening a bank account.
• Residence Permit: For foreign nationals living in France, a residence permit can be used instead of an ID card.
• Resident Card: Foreign residents in France can also use their resident card to open a bank account.

It's always a good idea to check with the specific bank to confirm which documents they accept before starting the account opening process.

Online banks and neobanks have transformed the banking landscape by offering simpler and more accessible services. Some, like Sogexia, allow you to open an account online without the need to provide proof of income and with a straightforward process.

What types of accounts can you open without an ID or proof of identity?

While it is possible to open a bank account without proof of identity, the options are limited and often come with certain restrictions.

Prepaid accounts or cards

These accounts allow you to open an account without immediately providing an ID. You can get a bank card and access essential services with a simplified registration process. However, there are usually strict limits on how much you can deposit or spend.

Accounts with alternative verification

Some institutions accept other forms of documentation, such as a residence permit or a certificate from a recognised organisation, instead of an ID card.

Basic accounts via the right to an account

If a bank refuses to open an account for you because you don’t have an ID, you may be entitled to a basic account through the “right to an account” policy, which is managed by the Bank of France.

Accounts for vulnerable individuals

Some accounts are designed specifically for people in vulnerable situations and can be opened with minimal documentation, helping to ensure financial inclusion.

What are the limitations of accounts without an ID or proof of Identity?

Opening an account without an ID or proof of identity can provide some flexibility, but it also comes with strict limitations imposed by national and European regulations.

Transaction and deposit limits

Accounts without identity verification are subject to strict limits on transactions and deposits. For instance, in France, any cash deposit exceeding €10,000 within a 30-day period must be reported to Tracfin. A maximum balance of €10,000 may also be imposed to mitigate fraud risks.

Generally, the maximum amount you can deposit into an online account without verifying your identity is quite limited due to strict regulations aimed at preventing money laundering and the financing of terrorism.

In Europe, under the guidelines of the European Directive 2015/849 and the policies of financial institutions, the maximum amount you can deposit is often capped at around €150 per month for prepaid or online accounts. Some institutions may also impose a cumulative balance limit of €2,500 on the account before blocking further transactions and requiring full identity verification.

Access to financial services

Without proof of identity, your access to certain services, like chequebooks, overdrafts, or loans, is often restricted, in accordance with the EU Directive 2007/64/EC on payment services.

Restrictions on payment cards

The bank cards linked to these accounts may have reduced usage limits, such as a maximum of €1,000 per month for payments and €500 per week for withdrawals.

Enhanced verification for certain transactions

Transfers over €15,000 or significant cash deposits may trigger additional requests for documentation, as required by the French law n° 2016-1691 on transparency and anti-corruption measures.

Account closure or suspension

If there is any suspicion of fraudulent activity, accounts without full identification may be suspended or closed until the necessary documents are provided.

Sogexia’s solution: simple and secure account opening

If you're looking for a straightforward way to open a bank account without the complexities of traditional banking procedures, while still enjoying a comprehensive range of services, Sogexia is an ideal option. Although Sogexia requires an identity document when opening an account, the process is simple and quick, offering several advantages over other no-ID-required accounts and accounts with no income conditions.

Opening an account with Sogexia doesn’t require a multitude of documents. A single ID is enough to activate your online account in just a few minutes.

Unlike prepaid accounts or accounts with alternative verification, Sogexia offers a full range of financial services, including transfers, direct debits, and access to a bank card that can be used anywhere.

Sogexia doesn’t impose income conditions for opening an account, making it accessible to a broad audience, including those in precarious situations or those who are barred from banking.

By choosing Sogexia, you benefit from the security of a recognised and licensed institution, ensuring optimal protection of your data and funds.

How to choose the right option for opening a bank account without proof of identity

1. Compare offers: Use online bank comparison tools to assess the services offered, fees, and account opening conditions.

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2. Check conditions: Make sure you understand the terms of use, limits, and obligations associated with each option.

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3. Consider your needs: Choose a solution that matches your financial needs, whether it’s for everyday transactions, receiving salaries, or managing specific budgets.

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4. Evaluate security: Opt for recognised and secure institutions that guarantee the protection of your data and funds.

Conclusion

Even without an ID, it is possible to open a bank account in France by exploring the available alternatives. Don’t forget that you can exercise your “right to an account” if you encounter difficulties. With Sogexia, opening a current account online is simple and quick, allowing you to access essential financial services without strict conditions, while still complying with legal requirements.

FAQ: Everything you need to know about opening a bank account without an ID

Which banks don’t require proof of identity?

Most traditional or online banks require proof of income to open a bank account. Sogexia offers a simplified online account opening process, with an ID as the only requirement.

Can an undocumented person open a bank account?

Yes, an undocumented person can open a bank account in France, particularly through the “right to an account” policy, which provides access to a basic bank account.

How much can you deposit in a bank without proof of identity?

Any cash deposit exceeding €10,000 over a 30-day period may result in a request for income proof, in line with legal obligations to combat money laundering.

How can you obtain proof of address?

You can obtain proof of address from documents such as recent utility bills, a tax notice, a rent receipt, or a certificate of accommodation, dated within the last three months.