Orange Bank, the dematerialized bank of Orange is launched in France

With a few months late, Orange Bank has finally launched in France. Orange has chosen Toussaint to open its bank online, dematerialized and mobile. Registration, like a good part of its services, is free and the benefits are many, but are globally equivalent to what is already found among its competitors like N26 or Boursorama.

Originally planned for the month of July, Orange Bank was launched yesterday. It is already possible to register, through the Android or iOS applications. It only takes a few minutes to become a customer, provided you have two pieces of identification and proof of address at hand. To finalize the operation, it is necessary to make a first payment. It will then be necessary to wait three days for the account to be verified by Orange (whereas N26 carries out this verification, directly via a video call).

• Read also: With its online bank Orange Bank, Orange wants to shake the world of traditional banking

Many free services …

Once the registration is complete (and validated), you are an Orange Bank customer able to perform most transactions directly via the application, and this globally for free. "Globally" because as indicated by the Orange Bank fee schedule, the vast majority of transactions are free as long as they are not exceptional. Thus, the maintenance of the account, the sending of the credit card, the mobile payment (via Apple Pay for iPhone and via the NFC Orange SIM card on Android), the transfers in euros (on the mobile application only), the blocking Credit card and withdrawals at any ATM in France are free.

… but on the condition of not making exceptional operations or going abroad

Orange Bank will however charge a fee in specific cases. Thus, if the VISA credit card is free as long as you use it at least three times a month, whether to make purchases (online or not) or to withdraw money, the card will be charged 5 euros per month if this limit is not reached.

• Read also: Orange buys Groupama Bank to launch its mobile bank

For the rest, you will have to pay if you withdraw money outside the SEPA zone with a tax of 2% (which is free at N26, for example). In general, all transfers of money or receipt of money from areas outside SEPA will be taxed between 15 and 25 euros. Finally, if you make a transfer, whatever it is through an "expert" (a human operator), it will cost you 5 euros.

Orange Bank therefore offers for the moment an interesting offer and the average of the other players of the Fintech. But it has a considerable advantage over an N26, for example: it has the name of a well-known French brand. And that, Orange knows well since it aims to convince 2 million customers in 10 years. Tempted?

The official website of Orange Bank

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