Fortuneo has emerged as a leading online bank in France, boasting over 1.2 million active customers. As part of the Crédit Mutuel Arkéa group, it offers a variety of no-fee banking services, including attractive welcome promotions and award-winning products. Fortuneo’s commitment to zero-fee accounts, such as the Fosfo Mastercard and premium options like the World Elite CB Mastercard, distinguishes it in a competitive market. Compliance with regulatory standards further enhances its reputation for quality financial services.
Fortuneo’s Rise as a Leading Online Bank in France
With a remarkable base of over 1.2 million active customers, Fortuneo stands tall as the second-largest mobile bank in France. But what fuels this impressive success?
In the competitive landscape of the French banking sector, most online banks are backed by established banking institutions. Fortuneo is no exception, being the commercial brand of Arkéa Direct Bank, which is part of the Crédit Mutuel Arkéa group. Since its inception in 2000, Fortuneo has been at the forefront of online banking, providing a range of financial services that have attracted a significant customer base across the nation.
Crédit Mutuel Arkéa: The Power Behind Fortuneo
As of the end of 2020, the Crédit Mutuel Arkéa group recorded a staggering 4.9 million members and clients, solidifying its position as a key player in retail banking. The group recognized the potential of online banking early on and decided to offer an online current account. In 2006, they acquired Fortuneo, which had already been operating since 2000. Now, Fortuneo operates under Arkéa Direct Bank, which is a subsidiary of the Crédit Mutuel Arkéa group.
Fortuneo’s impressive count of 1.2 million active customers places it prominently among France’s leading online banks, only behind BoursoBank, which boasts 8 million customers, and ahead of Hello bank!, which recently reached the million mark. As a formidable competitor, Fortuneo is known for its enticing welcome offers, no-fee current accounts, and exceptional customer service.
Award-Winning Services and Promotions
Fortuneo’s attractive promotions for new clients are just one reason to consider opening an account with them. The fully online bank regularly garners accolades for its superior banking products and services. In 2024, Fortuneo was honored with the Gold Trophy in the “Internet Contracts” category by the esteemed financial site Le Revenu. Additionally, Le Figaro awarded Fortuneo with a perfect score of 5 out of 5 for being the best stockbroker in September 2024.
Fortuneo’s reputation is bolstered by its compliance with regulatory standards from the Prudential Control and Resolution Authority (ACPR) and the Organization for the Register of Insurance Intermediaries (ORIAS). This ensures a diverse array of high-quality products and services, from standard current accounts to mortgage solutions, financial investments, and personal loans.
Zero-Fee Current Accounts and Premium Card Options
Are you looking to cut down on banking fees? Fortuneo has made a bold move by offering all its account types free of charge, ranging from the Fosfo Mastercard to the premium World Elite CB Mastercard. This pricing strategy is becoming increasingly rare in the online banking sphere, where many institutions charge for their services.
However, to qualify for Fortuneo’s free account options, customers must meet specific criteria. The Fosfo Mastercard, which is accessible without income requirements, remains free when a card payment is made each month. The Gold CB Mastercard can be obtained at no cost with a net monthly income of 1,800 euros, also contingent upon a monthly card payment.
Moreover, Fortuneo is among the few online banks to provide a high-end banking card with its World Elite CB Mastercard. This premium option is available for free when a net monthly income of 4,000 euros is deposited into the linked current account, offering features like immediate or deferred debit, comprehensive insurance coverage, and generous payment and withdrawal limits.