Opening a European bank account online
Why open a bank account in Europe?
- official employment in another state,
- get a residence permit,
- buy real estate.
Benefits of opening an account overseas
Another valuable opportunity you get is using a foreign bank’s loan programs. They are available to people with deposits, savings, or checking accounts.
1. Total anonymity and confidentiality
2. Raising the status of your company
3. Access to loan programs
4. Maximum flexibility when using your account
5. Minimal government intervention
6. Convenient account management
7. There are no limits on the amount of transactions
Rated by our clients
Terms and cost of opening an overseas banks account
Reliable Swiss bank offers opening personal and corporate accounts for foreigners. Switzerland is well known for its long history of financial stability, confidentiality, and security, and its banking system is renowned for its expertise in wealth management and investment services.
It is possible to open an account remotely (without visiting the bank branch in person) and in person. Account opening at the bank takes up to 2 months, depending on the availability of documents. Perfectly working infrastructure for transfers anywhere in the world. Ability to order deposit boxes, loans, and a personal manager. In addition, the bank offers reduced prices for transactions made through the online account.
Minimum financial deposit – 5,000 CHF.
Leading prices:
| Opening CIM Multicurrency Account | 800 EUR |
| Maintenance of CIM Multicurrency Account | 90 CHF quarterly |
| Maintenance of CIM Precious Metal account, Gold, Silver, Palladium and Platinum | 80 CHF quarterly |
It is possible to open an account remotely or in person. The account opening process takes up to 3 months.
Bank offers a wide range of financial products and services that are available to non-residents. They are known for their high level of customer service, and offer online banking options that make it easy for customers to manage their accounts from anywhere in the world.
The advantage is a very developed banking infrastructure for payments. Also, the bank offers very favorable conditions for money transfers (set commission for transfer)
Minimum financial deposit – 10,000 CHF
Main prices:
| Opening CIM Multicurrency Account | 1250 EUR* |
| Maintenance of CIM Multicurrency Account | 120 CHF quarterly |
Outgoing transfers (in CHF)
| 0 – 1’999 | 25 | 100’000 – 199’999 | 315 |
| 2’000 – 4’999 | 25 | 200’000 – 499’999 | 385 |
| 5’000 – 19’999 | 45 | 500’000 – 999’999 | 455 |
| 20’000 – 49’999 | 105 | 1’000’000 – 1’499’999 | 525 |
| 50’000 – 99’999 | 175 | From 1’500’000 | 0,045% |
*The price may vary depending on the nature of your legal entity’s activities.
The Latvian bank offers services for opening personal and corporate accounts for foreigners.
Latvia is currently a reliable banking jurisdiction, which is great for working with Europe. After 2018, Latvia brought all banking legislation in line with EU requirements, so this area in the country is very safe.
It is possible to open an account remotely (without visiting the bank branch in person) and in person.
Account opening at the bank takes up to 2 months, depending on the availability of documents.
This is a beneficial option for those who want to put their money in a reliable European bank. In addition, the annual use of the payment card is included in the price.
Main prices:
| Opening the Multicurrency Account | 990 EUR (+50 EUR additional account) |
| Maintenance of the Multicurrency Account | 20 EUR monthly |
| Minimum account balance | 85 EUR |
In addition to personal accounts, the bank can offer favorable conditions for opening an account and for companies whose owners are foreigners.
For companies, Latvia can be very interesting as a banking jurisdiction because it is quite profitable financially. In addition, traditional Latvian banks offer opening accounts for crypto-friendly companies. Latvia’s banking system is based on EU directives and regulations, and as such, it is subject to the same high standards and regulations as other EU countries. That makes it secure for business.
It is possible to open an account remotely (without visiting the bank branch in person) and in person.
Account opening at the bank takes up to 2 months, depending on the availability of documents. This bank also offers favorable conditions for the connection of processing (opening merchant accounts).
Main prices:
| Opening the Multicurrency Account | 1550 EUR* |
| Maintenance of the Multicurrency Account | from 200 EUR monthly |
| Minimum account balance | 300 EUR |
*The price may vary depending on the nature of your legal entity’s activities.
Montenegrin Bank offers personal accounts for foreigners on favorable terms. Bank provides its clients with the widest range of banking services, executing their orders and enabling cooperation and assistance in their business.
Montenegro has recently become an increasingly interesting banking jurisdiction, as it offers a large number of services – traditional and investment. Moreover, the country is a member of the OECD’s Inclusive Framework on Base Erosion and Profit Shifting (BEPS), which is a global effort to combat tax evasion and promote transparency in financial transactions.
The account can be opened in person or remotely (by the power of attorney and postal service).
Depending on the speed of filing, it takes from 1 month to open an account. All you have to do is submit the documents.
Main prices:
| Opening the Multicurrency Account | 800 EUR The cost of opening an account; 1500 EUR Bank commission for opening an account. |
| Maintenance of the Multicurrency Account | from 2,50 EUR monthly |
| Outgoing payments | From 20 EUR |
Montenegro maintains a stable and transparent banking system that is regulated by the Central Bank of Montenegro.
Opening a corporate bank account in Montenegro is a straightforward process that is available to businesses that meet the necessary requirements, such as providing identification documents and proof of business registration. Montenegro also allows non-resident businesses to open bank accounts, which can be beneficial for businesses.
The account can be opened in person or remotely (by the power of attorney and postal service).
Depending on the speed of filing, it takes from 1 month to open an account. All you have to do is submit the documents.
Main prices:
| Opening the Multicurrency Account | 1200 EUR the cost of opening an account; 1500 EUR Bank commission for opening an account.* |
| Maintenance of the Multicurrency Account | from 35 EUR monthly |
Outgoing transfers (in EUR)
| UP TO 2.500 EUR | 20 |
| FROM 2.500,01 DO/UP TO 5.000,00 EUR | 30 |
| FROM 5.000,01 DO/UP TO 20.000,00 EUR | Min 30 EUR, 0,5% |
*The price may vary depending on the nature of your legal entity’s activities.
Poland has recently become the new center of Europe. A very flexible and successful policy has led to a stable growth of the country’s GDP and large investments in the private sector and the economy.
Therefore, opening an account in a Polish bank is also an excellent option.
It is possible to open an account remotely and personally. There are also no account balance requirements and no financial deposit requirement.
Main prices:
| Opening the Multicurrency Account | 800 EUR |
| Maintenance of the Multicurrency Account | from 10 EUR monthly |
Various Polish banks offer opportunities to open personal accounts in Poland (personally). To open a personal account a visit for 1 business day is sufficient. During this time a Polish SIM card will be registered in your name and a bank account will be opened. Payment cards will be delivered later.
Main prices:
| Opening the bank account | 800 EUR The cost of opening an account; Addition fees charged by banks for opening an account vary depending on the selected bank |
| Maintenance of the Multicurrency Account | from 20 EUR monthly |
1. CIM banque - Switzerland - personal account
Reliable Swiss bank offers opening personal and corporate accounts for foreigners. Switzerland is well known for its long history of financial stability, confidentiality, and security, and its banking system is renowned for its expertise in wealth management and investment services.
It is possible to open an account remotely (without visiting the bank branch in person) and in person. Account opening at the bank takes up to 2 months, depending on the availability of documents. Perfectly working infrastructure for transfers anywhere in the world. Ability to order deposit boxes, loans, and a personal manager. In addition, the bank offers reduced prices for transactions made through the online account.
Minimum financial deposit – 5,000 CHF.
Leading prices:
| Opening CIM Multicurrency Account | 800 EUR |
| Maintenance of CIM Multicurrency Account | 90 CHF quarterly |
| Maintenance of CIM Precious Metal account, Gold, Silver, Palladium and Platinum | 80 CHF quarterly |
2. CIM banque - Switzerland - corporate account
It is possible to open an account remotely or in person. The account opening process takes up to 3 months.
Bank offers a wide range of financial products and services that are available to non-residents. They are known for their high level of customer service, and offer online banking options that make it easy for customers to manage their accounts from anywhere in the world.
The advantage is a very developed banking infrastructure for payments. Also, the bank offers very favorable conditions for money transfers (set commission for transfer)
Minimum financial deposit – 10,000 CHF
Main prices:
| Opening CIM Multicurrency Account | 1250 EUR* |
| Maintenance of CIM Multicurrency Account | 120 CHF quarterly |
Outgoing transfers (in CHF)
| 0 – 1’999 | 25 | 100’000 – 199’999 | 315 |
| 2’000 – 4’999 | 25 | 200’000 – 499’999 | 385 |
| 5’000 – 19’999 | 45 | 500’000 – 999’999 | 455 |
| 20’000 – 49’999 | 105 | 1’000’000 – 1’499’999 | 525 |
| 50’000 – 99’999 | 175 | From 1’500’000 | 0,045% |
*The price may vary depending on the nature of your legal entity’s activities.
3. LPB Bank - Latvia - personal account
The Latvian bank offers services for opening personal and corporate accounts for foreigners.
Latvia is currently a reliable banking jurisdiction, which is great for working with Europe. After 2018, Latvia brought all banking legislation in line with EU requirements, so this area in the country is very safe.
It is possible to open an account remotely (without visiting the bank branch in person) and in person.
Account opening at the bank takes up to 2 months, depending on the availability of documents.
This is a beneficial option for those who want to put their money in a reliable European bank. In addition, the annual use of the payment card is included in the price.
Main prices:
| Opening the Multicurrency Account | 990 EUR (+50 EUR additional account) |
| Maintenance of the Multicurrency Account | 20 EUR monthly |
| Minimum account balance | 85 EUR |
4. LPB Bank - Latvia - corporate Account
In addition to personal accounts, the bank can offer favorable conditions for opening an account and for companies whose owners are foreigners.
For companies, Latvia can be very interesting as a banking jurisdiction because it is quite profitable financially. In addition, traditional Latvian banks offer opening accounts for crypto-friendly companies. Latvia’s banking system is based on EU directives and regulations, and as such, it is subject to the same high standards and regulations as other EU countries. That makes it secure for business.
It is possible to open an account remotely (without visiting the bank branch in person) and in person.
Account opening at the bank takes up to 2 months, depending on the availability of documents. This bank also offers favorable conditions for the connection of processing (opening merchant accounts).
Main prices:
| Opening the Multicurrency Account | 1550 EUR* |
| Maintenance of the Multicurrency Account | from 200 EUR monthly |
| Minimum account balance | 300 EUR |
*The price may vary depending on the nature of your legal entity’s activities.
5. Adriatic bank - Montenegro - personal account
Montenegrin Bank offers personal accounts for foreigners on favorable terms. Bank provides its clients with the widest range of banking services, executing their orders and enabling cooperation and assistance in their business.
Montenegro has recently become an increasingly interesting banking jurisdiction, as it offers a large number of services – traditional and investment. Moreover, the country is a member of the OECD’s Inclusive Framework on Base Erosion and Profit Shifting (BEPS), which is a global effort to combat tax evasion and promote transparency in financial transactions.
The account can be opened in person or remotely (by the power of attorney and postal service).
Depending on the speed of filing, it takes from 1 month to open an account. All you have to do is submit the documents.
Main prices:
| Opening the Multicurrency Account | 800 EUR The cost of opening an account; 1500 EUR Bank commission for opening an account. |
| Maintenance of the Multicurrency Account | from 2,50 EUR monthly |
| Outgoing payments | From 20 EUR |
6. Adriatic bank - Montenegro - corporate account
Montenegro maintains a stable and transparent banking system that is regulated by the Central Bank of Montenegro.
Opening a corporate bank account in Montenegro is a straightforward process that is available to businesses that meet the necessary requirements, such as providing identification documents and proof of business registration. Montenegro also allows non-resident businesses to open bank accounts, which can be beneficial for businesses.
The account can be opened in person or remotely (by the power of attorney and postal service).
Depending on the speed of filing, it takes from 1 month to open an account. All you have to do is submit the documents.
Main prices:
| Opening the Multicurrency Account | 1200 EUR the cost of opening an account; 1500 EUR Bank commission for opening an account.* |
| Maintenance of the Multicurrency Account | from 35 EUR monthly |
Outgoing transfers (in EUR)
| UP TO 2.500 EUR | 20 |
| FROM 2.500,01 DO/UP TO 5.000,00 EUR | 30 |
| FROM 5.000,01 DO/UP TO 20.000,00 EUR | Min 30 EUR, 0,5% |
*The price may vary depending on the nature of your legal entity’s activities.
7. PKO Bank - Poland - personal account
Poland has recently become the new center of Europe. A very flexible and successful policy has led to a stable growth of the country’s GDP and large investments in the private sector and the economy.
Therefore, opening an account in a Polish bank is also an excellent option.
It is possible to open an account remotely and personally. There are also no account balance requirements and no financial deposit requirement.
Main prices:
| Opening the Multicurrency Account | 800 EUR |
| Maintenance of the Multicurrency Account | from 10 EUR monthly |
8. BNP Paripas, Millennium, Credit Agricole, ING - Poland - personal account
Various Polish banks offer opportunities to open personal accounts in Poland (personally). To open a personal account a visit for 1 business day is sufficient. During this time a Polish SIM card will be registered in your name and a bank account will be opened. Payment cards will be delivered later.
Main prices:
| Maintenance of the Multicurrency Account | 800 EUR The cost of opening an account; Addition fees charged by banks for opening an account vary depending on the selected bank |
| Opening the bank account | from 20 EUR monthly |
Procedure for opening bank accounts in a foreign bank
- Choose a foreign bank. To do this, study the terms of each bank in detail and match them with your needs.
- Contact us. Since each financial institution has its own requirements for the form and content of client documents, we will tell you what documents you need to fill out for the selected bank.
- Fill out the bank forms and provide a complete set of required documents. If necessary, also provide any additional documentation and explanations.
- Wait for the approval to open an account.
What information do you need to provide?
- What is your status in the country of account opening? This implies who you are: a legal entity or an individual.
- What is the address of registration, permanent residence, and economic activity?
- What is the source of your income? Banks need to know exactly where you got it from.
- What will the money be used for? Where will the money come from? You need to estimate how much and how often transactions such as payments, investments, purchases, crediting, or accumulation will occur.
Opening a bank account as a non-resident online with Fintech Harbor Consulting
Opening a foreign bank account by a non-resident involves some nuances:
- A minimum deposit may be required to open a personal account.
- A frequent requirement of foreign banks is a minimum bank account balance following the terms of service of that bank.
- It is not always possible to open a foreign bank account online. You must be prepared to visit the bank if necessary.
- You should pay attention to the requests of the bank manager, and even better – it is recommended to provide documents about the future transaction in advance.
- You should not have a conflict with the manager, as this would violate the quality of cooperation. Remember that it is not the client who chooses the bank, but the banks choose the clients.
- Initially, it is crucial to interest the financial institution in cooperation. For example, use its wealth management services or investment programs.
- Many European banks do not open accounts in dollars unless the client has ties to the United States (business, relatives).
- Opening a foreign bank account remotely does not relieve the client of responsibility to the tax authorities of the country of residence.
