Interesting. CIC Ouest has told me to move my account. I have a month to organise another home for my money.
Yes, they have a right to do that.
Over the last year I’ve transferred significant assets from the UK to France. I’m pretty sure I’m not the only one.
I have provided two sets of completion statements for sale of UK properties, contract notes for sales of shares, and bank statements showing a large balance in my UK bank account. The sums involved were significantly more than those transferred. All these pieces of paperwork were provided within a week of being asked for.
Apparently despite this, they don’t want my business because
(1) the sums do not tally exactly with the amounts transferred to France or dates of transfer. (eg when I sold shares, and didn’t transfer the amount till a week later.)
(2) the contract notes have not been “tamponné par l’Administration Fiscale Française”. Which makes no sense at all to me, though perhaps someone can enlighten me ?
So okay, I’m pissed off. And letting off a bit of steam here.
But I’m pretty sure there are other people who will be transferring assets from the UK, perhaps having sold a house and renting for a while before purchasing in France. So: watch out if you’re doing this. If I was doing it again, I would open a second bank account as soon as possible after the first - a free online account so as not to have extra costs - and I would be extremely careful about transfers.