What bank is behind Boursorama

�� Thanks to the expertise and reliability of his parent company, Boursorama has been able to show exemplary growth And remains at present the cheapest online bank on the market. It offers a full range of banking services: current accounts, booklets, insurance, stock market products. It is also accessible to a large audience with three free bank cards (Freedom for minors, Welcome and Ultim) and a premium metal formula at € 9.90 per month. The management of bank accounts is done exclusively online, membership of Société Générale does not allow agency services.

Who owns Boursorama Banque ?

Online bank Balance Bank has been, for several years, the Leader Bank on the market. But what is its story ? To which group does it belong ? We will explain its story to you.

The history of Boursorama Banque

Created in 1998 By Patrice Legrand and Stéphane Mathieu, the leaders of a start-up based in Nancy, the site Purse was created in order to have stock market indices, economic and financial news, with reliable sources. The company was acquired in 2005 by Fimatex, which is an important player in online brokerage since 1995, belonging to the banking group Societe Generale. This Fimatex-Boursorama merger becomes the French leader in online finance by offering an offer combining financial information and online savings.

A subsidiary of Société Générale

Bank activity is launched in 2005, Shortly after redemption by Fimatex. The goal is to offer customers the possibility of opening a current account associated with a bank card, as the banks of detail offers it. Since then, Purse has continued to innovate with the aim of satisfying the new banking expectations of consumers but also to shine on the market.

Fimatex is itself a subsidiary of the Societe Generale, The French banking group had to wait until 2015 to hold 100% of the Boursorama Banque capital. The cheapest bank in France for 14 years, Boursorama has doubled in 3 years and has more 4 million in July 2022

A full online bank

With Boursorama Banque, you have access to a bank complete and leader in its three main activities:

• There bank online
• THE brokerage online, with stock markets in particular
• Information Financial with the Boursorama editorial site

Its product portfolio is very wide: mortgage offer, budget management tool, personal loans, provident, insurance, savings products, scholarships, etc. This complete offer is essential on the market as the cheapest and most simple. Consequently, Boursorama Banque has won over more and more customers.

Accessible to all without income or wealth, Boursorama is interested in a target of increasingly wide customers, 12-17 year olds with the Freedom offer, adults with Welcome, Ultim and Metal, to Entrepreneurs Individuals with Boursorama Pro.

What bank is behind Boursorama ?

Subscribe to an online bank, disconnected from physical services in agency, may seem worrying or raise legitimate questions when you do not know who hides behind. In this file, find out who is behind Boursorama and since when as well as the implications in terms of reliability and banking services.

To start, here is a summary of the Identity of Boursorama and who hides behind: ��

Visa Ultim

Metal visa

What bank is behind Boursorama ?

The bank behind Boursorama is the SG. Online bank has been 100% belonging to the SG since 2015. At the start, Boursorama was only a portal of financial information, then became an online bank from 2005 shortly after its takeover by Fimatex – SG subsidiary – with the launch of banking products intended for the general public. Today, the online bank of the SG banking group has more than 4 million customers.

�� Know who hides behind Boursorama has no impact on the daily life of customers, Because Boursorama is a 100% online bank. Customers do not have access to the available banking services in SG agencies (meet an advisor, deposit species, collect checks, etc.). Nevertheless, knowing that the SG is behind Boursorama is a guarantee of security for customers, as their digital bank belongs to a large banking group.

Who hides behind Boursorama: the FAQ !

Discover in this Frequent Question all the information to know about the banking group behind Boursorama: the services available in the Bank Agency behind Boursorama, the date of purchase of Boursorama Banque by the SG, etc.

�� What are the agency services of the bank behind Boursorama ?

Bank agency services behind Boursorama are nonexistent. Boursorama Banque, although being affiliated with the SG, does not offer the possibility to its customers to benefit from banking services in physical agencies. Banking products sold by Boursorama are managed 100% remotely (check, balance, transfer, contact with customer service, etc.).

�� This total distinction of operating and services between Boursorama and SG should be noted, Because other online banks belonging to large groups (Monabanq, Hello Bank, etc.) offer services in the banking agencies of their parent company such as the deposit of species and checks. At Boursorama, the checking of checks is to be carried out at a distance and the deposit of species is unavailable.

�� Since when Boursorama has been a subsidiary of a banking group ?

Boursorama has been a subsidiary of a banking group since 2002, when it was bought by Fimatex belonging to the SG. Originally, Boursorama.com, created in 1998, was an economic and financial information portal. In 2005, Boursorama markets an online current account for the first time. Since June 2015, Société Générale has held 100 % of the online bank following the repurchase of 20.5 % of the shares previously held by the Spanish group Caixabank.

Since its creation, Boursorama Banque has shown continuous growth. In February 2023, it had more than 4.9 million customers and maintained its cheapest online bank title for the past fifteen years.

�� Its exclusively digital orientation is what allows it to offer attractive prices (free bank cards, absence accounts costs, almost non-existent costs abroad, etc.) and attract new customers favorable to 100 % online management. Prices, welcome offers and the good reputation of Boursorama attracts thousands of new customers each year.

�� Is the Bank behind Boursorama ?

The bank behind Boursorama is a classic bank, it is the SG (Societe Generale). This traditional bank bought part of Boursorama in 2002, then all in 2015. Originally, Boursorama was an online financial information portal. Société Générale, seeing the potential of online bank decided to acquire Boursorama. Since its launch, Boursorama has offered a full banking offer (current account, credit, savings, scholarships, etc.).

�� Société Générale, the bank behind Boursorama, is one of the main French and European banks. Founded in 1864, this banking establishment is very solid. It occupies the sixth place among the largest banks in Europe and the twenty-first worldwide. Online bank customers can therefore be reassured about the expertise of the bank on which Boursorama depends.

�� Is the bank behind Boursorama ?

The bank behind Boursorama is reliable because it is SG, A traditional bank founded in 1864. It is one of the largest French banks, also present internationally. Like other banking establishments, it has the obligation to protect the funds of its customers via the FGDR (Warranty of deposits and resolution). The role is to compensate customers in the event of bankruptcy. In addition to this, the AMF (Autorité des Marchés Financiers) is responsible for regulating and supervising the activity of banks in France, including Société Générale and Boursorama Banque.

�� Boursorama Banque takes advantage of Société Générale’s expertise in terms of regulation and security. Online bank has deployed processes to secure all accounts and bank transactions. Of authentication to connect to its customer area to the validation of a transfer or online payment, nothing is left to chance. On a daily basis, online bank customers are protected against fraud using various techniques: connection by Faceid/Touch ID, 3D Secure to validate a payment on the Internet ..

�� Is the Boursorama banking offer complete ?

The Boursorama banking offer is complete. The online bank offers several current account offers, a very large savings account offer (booklet A, booklet account, LDDS, etc.), a credit offer (personal loan, mortgage, mini credit) and stock market products (PEA ,…). The objective of the online bank is to offer a banking offer adapted to all profiles (minors, young workers, CSP+…) and in line with their projects (purchase of real estate, stock market investment, etc.).

�� In parallel with the classic services and products expected from a bank, Boursorama is focusing on innovation with large compatibility with mobile payment solutions (Apple Pay, Google Pay, etc.), a complete mobile application and innovative features like Wicount, an automated budget management tool and based on the banking history of its customers.

�� What banks are hidden behind online banks ?

The banks hiding behind the online banks are:

• Boursorama Bank: Société Générale
• Bforbank: Crédit Agricole
• Fortuneo: Crédit Mutuel Arkéa
• Hello Bank: BNP Paribas
• Orange Bank: Orange / Groupama
• Monabanq: Crédit Mutuel / Cofidis

�� The actors who hide behind online banks are most often large banking groups (traditional banks), insurers (eg Cofidis) or come from telecoms (orange). According to online banks, services (checking check, species deposit) can be accessible in traditional banks agencies from which they come. This is unfortunately not the case with Société Générale, the bank that hides behind Boursorama. Online bank customers must be satisfied with entirely digital management, via the site or the Boursorama application.

Mother house stock market: in conclusion !

To the question which bank hides behind Boursorama the answer is : Société Générale. The acquisition was made gradually. The Boursorama site.com founded in 1998 is first of all an economic and financial information portal before embarking on online brokerage in 2002. It is bought that same year by Fimatex, a subsidiary of Société Générale. The start of retail banking activity dates from 2005 with an account and bank card offer. Société Générale becomes fully owner of Boursorama in 2015.

�� Thanks to the expertise and reliability of his parent company, Boursorama has been able to show exemplary growth And remains at present the cheapest online bank on the market. It offers a full range of banking services: current accounts, booklets, insurance, stock market products. It is also accessible to a large audience with three free bank cards (Freedom for minors, Welcome and Ultim) and a premium metal formula at € 9.90 per month. The management of bank accounts is done exclusively online, membership of Société Générale does not allow agency services.

A suggestion or a remark on the bank hiding behind Boursorama ? Put us a little comment, we will be happy to answer you or bounce back on your remarks ! ��