Revolut account in France: is it considered foreign, and do you need to declare it?

Is your Revolut account still considered an international account if you live in France? Do you need to declare it to the French tax authorities, and how? Here’s a simple guide to help you understand your obligations.

Before we begin, note that unlike most banks, Wise accounts apply the mid-market exchange rate — without hidden markups — for currency conversions on weekdays and weekends.

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Do I need to declare my Revolut account in France?

Declaration obligation

Yes — if you live in France, you must declare your Revolut account (and any other foreign account) to the French tax authorities. Some clarifications:¹

• All accounts held abroad must be declared, even if they’re linked to a French account.
• Accounts where you have power of attorney are also subject to this rule.
• Only accounts with a total of deposits and withdrawals exceeding €10,000 per year are affected.
• You must declare any account opened, used, or closed during the tax year (for example, accounts active in 2024 must be declared with your 2025 income tax return).

No declaration obligation

You do not need to declare your foreign account if all of the following conditions are met:¹

• The foreign account is linked to an account opened in France.
• The account is only used for purchases or receiving payments related to the sale of goods or services.
• The total transactions (incoming and outgoing) remain under €10,000 per year.

In summary: if your Revolut (or PayPal) account received less than €10,000 in 2024, you don’t have to declare it in 2025.

Revolut: French or foreign account for residents in France?

Since 2024, most Revolut users in France have been migrated from Lithuanian IBANs (LT) to French IBANs (FR). This affects your tax reporting obligations. If you used an LT IBAN at any point during 2024, you must declare that account as foreign when filing your 2024 income tax return.²

To check your status, open the Revolut app, select your main account, and download your annual statement. The IBAN shown will indicate where your account was domiciled:

• LT IBAN: must be declared as a foreign account.
• FR IBAN: no declaration required.

When it comes to international transfers, Wise applies the mid-market exchange rate (weekdays and weekends), while Revolut uses its own exchange rate, with potential markups on weekends depending on your plan.

Fee structure comparison:

• Revolut: monthly subscription depending on the plan.³
• Wise Business account: one-time €50 setup fee for professional accounts, while personal and freelance accounts are free to open.

How to declare your Revolut account in France

You must declare your Revolut account during your annual income tax return using form Cerfa n°3916 (available online or as a paper form).

If the French tax administration already detects your foreign account, this section may appear pre-filled. You should still verify the information and complete any missing details.

Note: The online tax declaration platform automatically includes a field for foreign accounts.

When to declare your Revolut account

In France, foreign bank accounts must be declared at the same time as your income tax return (impôt sur le revenu). The declaration schedule follows the standard tax calendar.

For example, for income and accounts from 2024:⁴

Declarations open on April 10, 2025, and must be submitted by:

• May 22, 2025 (Departments 1–19 and non-residents).
• May 28, 2025 (Departments 20–54).
• June 5, 2025 (Departments 55–976).

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FAQ: Declaring your Revolut account in France

Where is my Revolut account domiciled?

If your Revolut IBAN starts with FR, your account is domiciled in France.
If it starts with LT, it’s considered foreign and must be declared on your French tax return.

You can find this information on your annual statement in the Revolut app.

What changes when Revolut moves from a Lithuanian IBAN to a French one?

Practically speaking, not much. Euro transfers within the SEPA zone (including France and Lithuania) must be processed without additional fees under EU regulations. That includes:

• Transfers from France to Lithuania
• Transfers from Lithuania to France
• Transfers within France

All are treated as local euro transactions — fee-free and with the same speed.

So while a French IBAN may reassure some users, in practice, there’s no real difference.

How can I find my French tax number?

You can find your French tax number in the top-left corner of your:

• Pre-filled income tax return
• Tax notice

Alternatively, you can request it online via your personal impots.gouv.fr account by selecting “Where to find my tax number” and following the steps:

1. Enter your email address.
2. Provide your date of birth.
3. Confirm the security image.
4. Enter the code you receive by email.

Your tax number will then be sent to you.

If you encounter any issues, you can contact your local Public Finance Centre by phone.

Which bank accounts must be declared to the French tax authorities?

Any bank account opened outside France (IBAN not starting with FR) must be declared — even if it’s linked to a French account.
This applies to all accounts where the combined total of incoming and outgoing transactions exceeds €10,000 per year.¹

What’s an alternative to Revolut for people in France?

If you’re looking for an international money transfer solution with lower fees, Wise may be worth considering. It applies the mid-market exchange rate for conversions in its multi-currency account.

Key advantages:

• Mid-market rate applied on weekdays and weekends.
• No monthly subscription fees.
• One-time €50 setup for business accounts; free for personal or freelance use.
• Transparent pricing — no hidden markups.

Wise aims to remain up to 7 times cheaper than traditional banks while keeping your international payments secure.

This article is a translation of the original article published in French and was translated within 365 days of publication. While the content has been translated for accessibility, the data and sources referenced have not been updated since the original publication date.