The Best International Bank Accounts for Digital Nomads

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For digital nomads (or, as some prefer to call them, “geographically fluid people”) with no fixed abode, dealing with paperwork and finances can be a pain in the ass. And even if you’re technically not a digital nomad, finding the best bank for international travelers can be tricky. For digital nomads (or, as some prefer to call them, “geographically fluid people”) who don’t have home, dealing with paperwork and finances can make you want to tear your hair out.

And even if you’re technically not a digital nomad, finding the best bank for international travelers can be tricky.

For example, when you want to open a new bank account, but you don’t have an address, it can be difficult to circumvent requests for proof of address. There is also the case of the many people who have a permanent address, but who constantly live and/or work abroad, who are paid in various currencies from multiple international clients, or who have to pay salespersons or freelancers , located around the world. Fortunately, a whole range of new banks are currently shaking up the status quo.

Our field is money transfer, and some of the most competent players in this sector now provide innovative solutions, which are no longer limited to basic services, and simply sending money online: it is the reason why we always keep an eye on what is happening in this sphere. This industry is changing very fast, but here is a selection of some of our favorite international bank accounts, some of the most interesting to date for digital nomads. Some don’t require bills or documents required by traditional financial institutions, others offer you a chance to lower your costs while traveling, and most allow you to hold bank accounts in multiple currencies at once. All, however,offer competitive exchange rates , and a mobile app , although to get the most up-to-date fees and rates, you should do a rate comparison by clicking here .

Want to send money overseas?

You don’t have a permanent address? Would you like an English account in pounds sterling, or a European account in euros? So you fell well. UK-based Monese offers you three account options. And you can open a Monese account for banking in 20 EU countries, plus the UK. The company has simplified its prices, so that the sums due for its various services display the same figure in euros or in pounds. For example, an ATM withdrawal costs £1 and €1 for pound and euro accounts respectively. You can just open an English account, a European account, or both. Each account assigns you an IBAN number and a contactless debit card,without having to present proof of address, or credit check . You will simply need a postal address to receive your card there.

The starter account costs nothing each month, and allows you to benefit from a debit card (which incurs a one-time fee of and cash withdrawals at 1€/£. The standard account carries a fee of €/£4.95 per month, a free debit card, and six free cash withdrawals each month. Finally comes the premium account per month – with free debit card, and unlimited free cash withdrawals.

You have the option of instantly depositing cash or bank transfer into your account, at a post office, or at a PayPoint (a bill payment system available in the UK, Ireland, and Romania); if you have both an English and European account with Monese, you can transfer money between the two. For more details on Monese, read our review .