Did you know that your bank charges you hefty fees and offers you a bad exchange rate every time you swipe your card in a foreign country? However, picking the appropriate bank may save thousands of dollars annually.
Below are some of the best international online banks,
1. Revolut:
Revolut offers UK-based One of the greatest digital bank accounts in the world, and it can be completely accessed via a single virtual card or Revolut debit card.The multi-currency account enables users of any country to keep and trade funds in 30+ currencies, while the GBP and EUR account information is only available to a few nations.
2. N26:
It is now one of the most developed challenger banks or neo-banks among many that have recently transformed the European banking industry with its user-friendly innovations.
The free Standard plan is still likely the best option for most people, even if N26 now providesseveral other options—unless you can benefit from the great travel insurance bundled with the premium plans. That is the case if you spend most of your time in a European nation and often take excursions that may last up to three months.
3. PayPal:
Being the biggest worldwide digital banking network, PayPal offers foreign currency conversion services that enable international money transfers.With a little additional conversion cost, you may make or receive money conveniently in multiple currency settings.
4. Wise:
Your very own bank information in the US (USD), Eurozone (EUR), UK (GBP), Australia (AUD), New Zealand (NZD), and five additional nations is made available to you with the Wise Multi-Currency Account. You may thus have any of the 10 supported currencies immediately deducted from your account.
You simply need to pay a little cost to have the card sent; the account is free to open. With the help of their remarkable technology, you can use the app to convert your local currency into more than 50 different currencies at the current mid-market exchange rate.
5. Bunq:
Only available on mobile devices, Bunq is a bank that provides both personal and commercial accounts.With their accounts, they provide various options, such as creating a joint account with a partner, an IBAN in Germany, the Netherlands, Spain, France, or Ireland, and the potential for a Maestro Card.
6. Statrys:
Statrys may be your solution if you’re seeking an alternative for your company accounting that is simple to administer, effective, reasonably priced,and covers all the important currency balances you need.
The payment network Statrys provides business accounts so you may exchange/transfer money in many currencies and manage your currencies in response to market fluctuations.Additionally, it provides EUR, GBP, USD, and 8 additional foreign currencies for your account, making it one of the best choices due to its variety and affordable transaction costs.
