Crédit Mutuel multi-currency account in France: everything you need to know

Whether you're an entrepreneur, student, or frequent traveller, managing multiple currencies in one account has never been more important. But is it actually possible to open a multi-currency account with Crédit Mutuel in France? Let’s take a closer look.

We’ll also introduce a simple and cost-effective alternative: the Wise account, which allows you to hold and convert 40+ currencies at the mid-market exchange rate.

Discover the Wise account

When does a multi-currency account become essential?

A multi-currency account lets you hold several currencies simultaneously in one place. It can also provide international SEPA transfers at attractive rates.

By keeping multiple currencies in one account, you can protect yourself against exchange rate fluctuations.

Here are a few situations where such an account can be particularly useful:

• You run a business and your suppliers are located outside the SEPA zone.
• One of your children studies abroad, and you send them money regularly.
• You’re an executive or business owner who travels frequently for work.

Can you open a multi-currency account with Crédit Mutuel?

In general, Crédit Mutuel does not offer multi-currency accounts. This means you cannot hold several currencies in a single account.

However, there is one exception: Crédit Mutuel Sud-Ouest allows businesses to open a foreign currency account, for example in US dollars or British pounds.¹

That said, this is not a true multi-currency account — each account can only hold one currency. If a company deals with several currencies, it needs to open multiple separate accounts.

Crédit Mutuel also provides an account in Swiss francs (CHF), designed for cross-border commuters who live in France and work in Switzerland. It allows them to receive their salary in Swiss francs without automatic conversion.²

For anyone needing to manage multiple currencies or make regular international transfers, these options remain limited compared to a true multi-currency account.

Crédit Mutuel foreign currency transactions: available options

Pay and withdraw money abroad with your Crédit Mutuel card

When travelling abroad, your Crédit Mutuel card continues to function normally. You can pay for purchases or withdraw cash in the local currency. Everything is converted automatically.

However, the bank applies both a markup on the exchange rate and transaction fees. Additional charges may also apply depending on the foreign bank used for withdrawals.³

Order foreign currencies before your trip

If you prefer to have cash ready before travelling, Crédit Mutuel allows you to order foreign currencies in advance.

You can order through your local branch or, in some regions, directly via your online account.

However, this service isn’t free — Crédit Mutuel charges a flat fee of €4.50 for each currency order.³

Make international transfers from your account

Crédit Mutuel also allows you to send money abroad, either online or by visiting a branch.

These transfers come with fees, particularly when a currency conversion is required.³

Read also: International transfers with Crédit Mutuel →

Wise: the currency account that saves you money abroad

With Wise, there’s no need to manage multiple accounts to handle your money internationally. Everything is centralised in one place — you can hold 40+ currencies and send transfers to 140+ countries.

Conversions are carried out at the mid-market rate, with no markups or hidden fees. You always know exactly how much you’ll pay and how much the recipient will receive.

Plus, the Wise card, linked to the account, lets you:

• Withdraw up to €200 per month for free (2 withdrawals maximum).
• Pay no fees if you already hold the transaction currency in your account and no conversion is required.

Open your Wise account for free — there are no monthly subscription fees.

Open your Wise account

FAQ: Crédit Mutuel currency account

What is a multi-currency account used for?

A multi-currency account allows you to hold and manage multiple currencies in one place. It’s useful if you travel often, work abroad, or receive payments in other currencies.

Why open a currency account?

To avoid repeated conversions and unnecessary fees when paying, working, or receiving income in another currency.

Can you make international transfers with a multi-currency account?

Yes, most multi-currency accounts allow you to send and receive money in many currencies, often faster and at a lower cost.

How to choose the right multi-currency account?

Compare the number of available currencies, conversion fees, transfer costs, and ease of use before making your choice.

Does Crédit Mutuel offer this type of account?

No, Crédit Mutuel doesn’t offer a real multi-currency account.

However, Crédit Mutuel Sud-Ouest allows businesses to open a foreign currency account (for example, in dollars or pounds sterling). But each account can only hold one currency.¹

Is there a bank card with the currency account?

No, Crédit Mutuel Sud-Ouest’s business currency accounts don’t include a bank card. Transactions can only be made by transfer.¹

Can individuals open a currency account with Crédit Mutuel?

Yes, but only in Swiss francs (CHF), for cross-border commuters who live in France and work in Switzerland.²

Does Crédit Mutuel offer a card suitable for overseas payments?

Yes, you can use your standard Crédit Mutuel card abroad. However, each payment or withdrawal incurs exchange fees and extra commissions.