BRED Espace Banque Privée: the expert bank for non-residents

As a non-resident, it is essential to find a bank adapted to your needs and familiar with the specific issues of expatriation.

BRED Espace Banque Privée, ranked the best private bank in France in 2022*, offers privileged remote support from expert advisers in the wealth problems of French residents abroad.

Thomas Girault, director of BRED Espace Banque Privée, tells us more.

*for the 4th edition of the Heritage and Performance Summit Are you talking about BRED Espace Banque Privée? What is their main mission?

Thomas Girault, director of BRED Espace Banque Privée : Bred Espace Banque Privée is a BRED Espace entity dedicated to high net worth clients.

Today, Bred Espace Banque Privée is made up of a team of 10 bankers, which includes both private and wealth advisors. The private advisor works with clients who have assets between €50,000 and €200,000. Beyond €200,000, the wealth advisor takes over.

Bred Espace being BRED’s online bank, we work remotely with clients all over the world.

What support do you offer to French people living abroad?

We offer a global offer for residents and non-residents, which aims to meet all the needs of our customers.

First of all, with our “daily banking” service, we manage our customers’ accounts (payment methods, online account access, via the BRED website and mobile application, etc.).

However, the differentiating criterion for BRED Espace is that in addition to being an online bank, we also offer each of our clients follow-up by a dedicated advisor. This is a great added value compared to our competitors.

We also offer our customers, residents and non-residents, financing solutions (mortgage, personal loan, etc.). This is a major part of our business because many of our clients, especially expatriate clients, have a strong financial capacity and want to carry out investment projects in France.

We can offer financing either on our own behalf or through SCI or equity companies, for example.

We also offer support in terms of savings, with the particularity of working in open architecture. This allows us to offer our products and those of other partners. In this way, our customers benefit from an exhaustive offer, which meets all investment horizons, short, medium and long term: savings account, life insurance, securities accounts, etc.

We mainly work remotely with our clients (email, phone, Visio, WhatsApp, etc.) but we also offer them the possibility to receive them occasionally at our headquarters in Paris, during their visit to France.

What is your knowledge, at BRED Espace Banque Privée, of the problems specific to non-residents?

BRED Espace Banque Privée advisors are experts on non-residents.

When we advise our non-resident clients on the savings solutions that are available, we take care to take into account the specifics of their country of tax residence and any restrictions or exclusions in force locally. Depending on the country, the range of products offered will therefore be different.

We also rely on the expertise of our wealth engineering advisors, who have an excellent understanding of international taxation and the specificities of each country from a legal, tax and wealth perspective.

We truly establish a personalized relationship with our clients. We carefully analyze the situation of non-residents, identify their needs and explain to them the legal and fiscal issues involved in the transactions they can make. We then offer them tailor-made solutions, adapted to their situation and their goals.

What is your advice for non-residents regarding wealth management?

First of all, it is essential to surround yourself with professionals (private banker, notary, lawyer, etc.). Indeed, wealth management as a non-resident is a very complex subject, which presents many specificities and which requires solid expertise.

This is essential to know the impact of the various planned transactions and to guard against the sometimes very damaging fiscal risks, especially in the event of the closing or the redemption of savings contracts.

That is why, before offering a savings product to an expatriate client, we always take care to identify their investment horizon and their medium and long-term project.

What are the main strengths of BRED Espace Banque Privée for non-resident clients?

One of our great strengths is being able to offer, in addition to the advantages of an online bank, the support of a private banker, a privileged and long-term contact for our customers.

BRED Espace Banque Privée also has a team of experts, who have a perfect understanding of non-residents, and an exhaustive range of products, suitable for expatriate clients.

Finally, we are able to offer financing solutions to non-residents, offering them the possibility of obtaining financing in foreign currencies, which few French banks are able to do today.

For more information, visit the website:

Or contact us:

09 69 39 54 58

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