Opening a bank account in Europe as a foreigner or expat can seem confusing — but don’t worry. With the right information and documents, it’s much easier than you think.
Here’s a step-by-step guide to help you open a European bank account, even if you’re not a citizen or don’t speak the language.
✅ Step 1: Choose the Right Country
Some countries are easier than others for foreigners to open bank accounts. Here are a few of the easiest:
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Germany 🇩🇪 – Great digital options like N26 and bunq
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Portugal 🇵🇹 – Open to non-residents and digital nomads
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Estonia 🇪🇪 – Known for e-residency and remote banking
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Spain 🇪🇸 – Simple process if you have a local address
📄 Step 2: Prepare the Required Documents
While the requirements vary slightly, most banks will ask for:
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🛂 Valid passport or national ID
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📃 Proof of address (rental contract, utility bill)
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💼 Proof of income or job (optional in some cases)
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🧾 Tax Identification Number (TIN) from your country
💡 Tip: Some banks offer non-resident accounts, which require fewer documents.
🏦 Step 3: Choose Between Traditional or Online Banks
Traditional banks may require you to visit a branch and speak with a banker.
But online banks (called neobanks) are faster, easier, and often English-friendly:
| Bank | Country | Best For |
|---|---|---|
| N26 | Germany | Fast online setup, English support |
| Wise | UK/EU | Multi-currency + low fees |
| bunq | Netherlands | Eco-friendly and expat-friendly |
| Revolut | EU/UK | Daily spending + crypto features |
🏁 Step 4: Apply & Verify
Online banks usually verify your identity with a quick video call or ID photo. In physical banks, just bring your documents and schedule an appointment.
Once approved, you’ll get:
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💳 Debit card (physical or virtual)
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💶 IBAN account to send/receive euros
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📱 Banking app with full control
🔐 Bonus Tip: Open a Wise or Revolut account first
If you’re still planning your move, opening a Wise or Revolut account is the easiest way to:
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Receive international transfers
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Convert currencies
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Use a European IBAN while abroad
🧭 Final Words
Banking in Europe doesn’t have to be stressful. With digital banks and open regulations, you can open your account from anywhere — and start managing your finances the smart way.
👉 Follow WealthMap Europe for more guides like this, country-by-country comparisons, and financial hacks for expats!