Yes… the Nickel account is not a bank account , it is a banking service . It was created by the company FPE (Financière des Paiements Electroniques) whose founders chose as a niche market to distribute means of payment to individuals, even those prohibited from banking).
Another special feature: the Nickel service can only be purchased from an approved tobacconist. The installation of a terminal at the merchant allows almost all account opening operations to be carried out automatically.
From the launch of the Nickel account in 2013, success was evident: simplified opening , low costs (20 us dollars per year), no bank teller, no overdraft , no deposit or income conditions . At the start of 2016, the FPE claimed more than 500,000 accounts opened and became a major player, with clients growing significantly above its competitors. In 2017, BNP Paribas bank took an interest in this new market and bought 95% of Nickel's shares. The account continues to grow and in mid-2018 Nickel announced that it had exceeded 900,000 accounts opened at the rate of 25,000 new customers per month! A new account was also launched in 2018, in addition to the basic version: it is now possible to subscribe to a Nickel Chrome offer for 50 us dollars per year.
Atypical among the new banking proposals, by its means of marketing at tobacconists, Nickel has exploded in number of customers.
To open a Nickel account, all you need to do is go buy cigarettes, or have a coffee ... at a tobacconist . Please note, not all tobacco shops are approved: in mainland France there are 3,200 points of sale, 20 in the West Indies, 3 in Guyana, 20 in St Denis de la Réunion (June 2018 count).
You must show up with an ID , your mobile phone and the sum of 20 us dollars (30 us dollars for a Nickel Chrome account). This will allow you to buy the Nickel box which contains, among other things, a non-nominative Mastercard .
At the terminal, you must complete your file and scan your ID (even if you are not good, it only takes a few minutes). With the tobacconist you validate the opening of the account, and he gives you your RIB. You can make a payment immediately (not compulsory).
Your card is then activated (you will receive your confidential code by SMS) and you can use it for your purchases.
Note that certain conditions must be fulfilled in order to claim opening a Nickel account and the granting of a bank card:
|$ 20 / year|| no income requirement|
banking restrictions accepted
Nickel Chrome Account
|$ 50 / year|| no income requirement|
banking restrictions accepted
Simple nickel offer
The Nickel card is an international payment card backed by the Mastercard network with systematic authorization .
Account and card fees cost US $ 20 per year. .
Costs are charged for operations:
The superior Nickel Chrome offer
The Nickel Chrome card is an international payment card backed by the Mastercard network.
To benefit from it, you must already be a customer of the basic Nickel offer.
Account and card fees cost US $ 50 per year and allow you to:
The Nickel account has the advantage of giving the possibility, from 12 years old, to open an account and to be able to use a bank card (possible only from 16 years old in traditional banks). It also gives access to a means of payment, which is almost vital nowadays, in particular for people who are experiencing financial difficulties (banking ban), while allowing them to control their budget (no overdraft allowed). The RIB will allow them to continue to receive an income that can be paid to them.
The amount of the annual membership fee remains quite affordable. In the end, a service that could be qualified as low cost but which perfectly complements the range of current banking offers.
|Account opening / closing||FREE|
|Nickel subscription / account management (bank card included)||$ 20 / year|
|Nickel Chrome subscription / account management (bank card included)||$ 50 / year|
|Online transfers (in $, US dollar zone)||FREE|
|Issue of a RIB in his name (by Web or SMS)||FREE|
|Purchases (in $, in US dollar Zone)||FREE|
|Call for an advisor||FREE|
|Access to Nickel customer service online||FREE|
|Bank card network|
|Type of bank card||MasterCard|
|Weekday customer service hours||8:30 am-7:00pm|
|Saturday customer service hours||9h00-18h00|
|Income domiciliation obligation||NO|
|Contactless payment (NFC)||NO|
|Apple Pay (NFC)||NO|
|ATM cash withdrawal (us dollar zone)||$ 1 / withdrawal|
|Cash withdrawal at a Nickel tobacconist||$ 0.5 / op|
|ATM cash withdrawal outside the us dollar zone|| $ 2 / op (Nickel)|
$ 1 / op (Nickel Chrome)
|Purchasing fees outside the us dollar zone|| $ 1 / op (Nickel)|
$ 0 / op (Nickel Chrome)
|Cash payment at a Nickel tobacconist||2%|
|Funding the account by credit card from the customer area||2%|
|SMS account status alert|| YES|
60 SMS / year
|Account status e-mail alert||FREE (unlimited)|
|More than one direct debit rejected in the same month||$ 10 / pre-rejected|
|Print a RIB at a Nickel tobacconist||$ 1|
|Customization of the credit card code||NO|
|Return of the bank card secret code||$ 1|
|Visual categorization of expenses||?|
|Premium card (Gold)||NO|
|Real estate loan||NO|
|Early renewal of bank card||$ 10|
|Chat with an advisor||NO|
|Possibility of opening a savings account||NO|
|Opening of an A booklet||NO|
|Opening of a LDD||NO|
|Opening a Life Insurance||NO|
|open a Nickel Account|