How to Transfer Money from Your US LLC to France
Complete guide to sending money from your US business bank account to France (EUR). Compare fees, speeds, and regulations for France-bound transfers.
Quick Facts
In This Guide
Overview
If you own a US LLC and need to transfer money to France, you have several options ranging from traditional bank wires to modern fintech services. The best choice depends on the transfer amount, urgency, and whether you prioritize low fees or fast delivery.
Important Note for France
France is part of SEPA (Single Euro Payments Area). For US-to-France transfers, SWIFT is used. IBAN is required for all French bank accounts. Major banks include BNP Paribas, Société Générale, Crédit Agricole.
Best Transfer Methods
Wise
Best option for EUR transfers to France.
Bank Wire (SWIFT)
IBAN (27 characters starting with FR) + BIC code required.
OFX
Good for large amounts.
Revolut
Very popular in France.
Fees & Speed Comparison
| Service | Fees | Speed | FX Rate |
|---|---|---|---|
| Wise | 0.3–0.8% | 1–2 business days | Mid-market rate |
| Bank Wire (SWIFT) | $25–$45 | 1–3 business days | 1–2% markup |
| OFX | No transfer fee | 1–2 business days | 0.4–0.8% markup |
| Revolut | 0–0.5% | Instant to Revolut, 1 day to bank | Near mid-market on weekdays |
Regulations & Requirements
When transferring money to France, be aware of these regulatory requirements:
- Banque de France / ACPR regulates financial services
- No foreign exchange controls within EU
- IBAN mandatory for all bank transfers
- Tracfin (French FIU) monitors suspicious transactions
Common Pitfalls to Avoid
- IBAN is mandatory — 27 characters starting with FR
- French banks may charge €5–15 for receiving SWIFT transfers
- SEPA cannot be used for US-France transfers — must use SWIFT
Tax Implications
Transferring money from your US LLC to France has important tax considerations on both sides:
- No US withholding on LLC distributions (disregarded entity)
- French residents must report worldwide income to DGFiP (tax authority)
- US-France tax treaty provides favorable treatment
- France requires declaration of foreign accounts (Formulaire 3916)
- FBAR filing required if aggregate foreign accounts exceed $10,000
Pro Tips for Transferring to France
- Wise EUR transfers are often credited within hours
- For recurring transfers, set up Wise auto-convert
- French IBAN always starts with FR76 (the check digits vary)
- Revolut is a good alternative if the recipient already has an account
FBAR & US Reporting Requirements
FBAR (FinCEN Form 114): If you have foreign bank accounts (including in France) with an aggregate balance exceeding $10,000 at any time during the year, you must file an FBAR by April 15 (automatic extension to October 15).
FATCA (Form 8938): If your foreign financial assets exceed $50,000 at year-end (or $75,000 at any time), you must report them on Form 8938 with your tax return.
Form 5472: Your foreign-owned LLC must file Form 5472 annually to report transactions with foreign related parties, including transfers to your account in France.
Next Steps
File Form 5472
Report your LLC's transactions with foreign owners. Required annually.
FBAR Guide
Learn about foreign bank account reporting requirements.
Open a US Bank Account
Guide to opening a US business bank account for your foreign LLC.
France LLC Tax Guide
Complete tax guide for France residents who own a US LLC.
Get Tax Filing Reminders
Never miss a deadline. Get reminders for Form 5472, FBAR, and other filing deadlines.
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