Options are present in most European countries for non-residents to opt for a bank account, remotely.

In fact, opening bank accounts in Europe remotely is not the only advantage that non-residents can take advantage of.

Europe presents itself as the continent with the most solid and feasible financial market for non-resident investors. The old continent as we know it best has the expertise and security of the Central Bank of Europe, which has the ability to bail out local banks, so your money will be protected by deposit guarantees up to 100,000 euros.

Among the benefits for European bank accounts for non-residents is the ease of finding jurisdictions with commercial, private and retail banking available. Very important is the multicultural and multilingual support offered by the bank, convenient, secure and fast SEPA transfers for member countries, stable currency, as well as the banking sector.

Who can open a European bank account for non-residents, any non-resident person can choose to open a bank account, but should keep in mind that a non-resident will have to prove and justify why he/she requires to open an account.

But justifying a stay as a tourist of a few months is a strong reason to open an account, always keep in mind that from one bank to another the requirements may vary, and between countries located in Europe the branches may change their requirements.

The reasons for opening a European bank account for non-residents can be distinguished from being a tourist and traveling frequently to Europe, to wanting to keep your assets in a safe market and in a stable currency. In the case of non-resident entrepreneurs, the need to have to pay European suppliers and at the same time receive payments from their customers, the expansion of the company into Europe, would be the main reasons that justify foreign entrepreneurs to open a bank account for non-residents in this continent.

The advantage of the globalized world makes it possible that these accounts can be opened remotely, with limited deposits in traditional European banks, with the ease of online banking, multi-currency accounts, English language support and SEPA transfers.

Foster Swiss specializes in implementing business in different countries, which means that they offer value-added services helping clients to expand abroad.

Consult a financial advisor for more information, such as opening a bank account for non-residents in Europe.  Contact us at info@fosterswiss.com