The money placed on a bearing current account is guaranteed no loss, except failure of the bank. In this case, the legal guarantee of deposits to cover you up to EUR 70000, all accounts combined. Beware however if your current account is paid from a bank which France is a branch of this money on this account will depend on the country of the headquarters of the bank.

You can withdraw money from your checking account paid when you want it and using it means you should: withdraw cash, check or wire transfer. The deposits of silver are also free and easy to achieve. The only constraint is that the banker calls the “value date”. If you put money into your account, it will be available two to three days later.

The remuneration of current accounts pay is quite low. In addition it involves only a few people since the rate of between 0.5 and 1% requiring huge investments of money to earn interest interesting. These interests are also paid only after a certain threshold set by the bank.

The interests of a bearing current account are subject to tax on income. You must indicate in the statement of income and you will be taxed according to your traditional tax schedule. By cons, if you opt for the flat levy of 16% plus 11% of social charges, the bank will retain 27% of the amount of interest before the credit on your current account paid. These payroll taxes are payable in November of each year after receiving a notice of special tax.

Finally, remember that you can deduct any agios relevant to your current account paid