The banking ban is a situation that we would not even recommend to our worst enemies. Indeed, it is important to do your utmost to get out of this situation as quickly as possible, if this is your case.
First step to get out of the banking ban: structure your expenses
Before you do anything, start by sorting out your expenses. In fact, as a banking ban, your cash will be limited. So, you will have to determine what your priority expenses are, so as not to go into debt more than necessary, thus worsening your situation. Then dedicate the little cash you have for your food and for the most important bills.
Second step: meet your bank
There is nothing wrong with showing goodwill to your bank. So do not hesitate to meet your bank advisor, and to explain your problem and your short-term plans to get out of your prohibited banking situation. He can then give you valuable advice. But it can also be used to speed up procedures when you have paid off all your debts.
Find something to pay off your debts
To quickly get out of the banking ban, you will inevitably have to honor your creditors. Either you will go to the bank to deposit money and contact your creditor to tell them to come back and touch the check, or you will have to give the money directly to the bank, and the check will be canceled. In any case, you’re going to have to find the money for it.
As you will not have much chance of finding a credit institution ready to grant you a loan, you will surely have to ask for help from your loved ones. You will then have to ask friends, family and others who can help you. Be careful however, this quest will only serve to get you out of the banking ban, but you must already find a way to reimburse all these people in the short or medium term.
The final phase to get out of the banking ban
Once you have settled your debt, the bank will send a note to the Banque de France stating that you have been solvent. The latter will then remove you from its file, and you will no longer be officially prohibited from banking.
The forbidden banking situation must be managed effectively, so it is possible to get out of it quickly and without too many problems.