Canadian with France bank account in the negatives!

[canadian]

I studied abroad in France in 2011 and had opened a bank account to attend school. I never closed it before I returned to Canada and right now I think it is around - 500 euros. The bank (LCL) has sent letters to my house in Canada notifying me of this debt. I have not received anything however in a year.

 

Does this small debt have any chance of catching up to me here in canada?? Also if I ever returned to France I am going to assume that I will not be able to open another bank account, even with another bank company?

 

I am very clueless on how this works in France and would appreciate any help!!

Thanks!!

[cerberusalert]

They may sell the debt to a debt collector in a portfolio of others for a fraction of it's value, usually around 7%. It really isn't commercially viable for them to pursue for that amount, it would cost them more in legal costs although a debt collection company may try their luck sometime in the future.

 

Also if I ever returned to France I am going to assume that I will not be able to open another bank account, even with another bank company?

You will be able to open another a/c although it would be wise to keep away from the original bank and associate companies.