Best International Bank Accounts for Expats & Digital Nomads in 2023

As more people embrace a location-independent lifestyle, the demand for international bank accounts tailored to their needs has grown. Whether you’re an expat or a digital nomad, having access to the right banking services can make managing your finances while abroad significantly easier. In this article, we will explore some of the best international banks available in 2023 and highlight their unique features. Let’s learn what is the best bank for international transfers!

Digital Nomads: A Guide to Online Money Management and International Transfers

In the digital age, our lives have become increasingly connected and online. This connectivity has transformed not only the way we work but also how we live and travel. One growing trend in recent years is the rise of digital nomads – individuals who use technology to work remotely while traveling or living abroad. With their laptops as their office, they can send emails from a beach in Bali or attend virtual meetings from a café in Paris.

One important aspect for digital nomads to consider is managing finances while on the move: finding the best bank for international transfers is a must! Sending money internationally, exchanging currencies, and finding ways to save are all key considerations when it comes to financial planning for these modern-day wanderers.

When it comes to sending money abroad, there are several options available for digital nomads. Traditional wire transfers through the best international banks may come with high fees and long processing times compared to newer online platforms specifically designed for international transfers like TransferWise or PayPal. These services often offer better exchange rates and faster transaction speeds than traditional methods.

Opening an account with an international bank can be beneficial if you frequently transfer funds between countries. Some international banks provide perks such as lower fees on international transactions or rewards programs tailored toward travelers’ needs – Citibank’s Global Account is one example of this type of offering.

For day-to-day spending, having a local bank account in each country visited could prove useful since some merchants don’t accept foreign cards due to higher interchange fees charged by card issuers outside of certain regions (e.g., Europe). Additionally, using credit cards without foreign transaction fees can help reduce costs associated with currency conversion during purchases overseas.

Also, saving money should remain a priority even when living life on the go; however, budgeting might be challenging given varying costs across different destinations visited regularly. Digital nomads can start by tracking their expenses and creating a budget to ensure they allocate funds appropriately across different categories such as housing, transportation, food, and entertainment.

Investing in the future is another important consideration for digital nomads. Traditional retirement plans may not be suitable due to potential tax implications or restrictions on contributions from foreign income sources; thus, it’s crucial to consult with financial advisors well-versed in international finance regulations which can guide you through alternative investment options like individual brokerage accounts or self-employed retirement plans (e.g., SEP IRAs).

In conclusion, being a digital nomad offers incredible opportunities but also comes with unique challenges when it comes to managing finances while living abroad. Here, our rating comes to the rescue: we have selected top international banks for digital nomads. Let’s take a look!


Revolut is one of the international banks that is widely regarded as one of the top choices for digital nomads due to its comprehensive range of features and competitive exchange rates. With a Revolut account, you can hold multiple currencies simultaneously and convert them at interbank rates with no hidden fees when traveling or making cross-border transactions. Additionally, Revolut offers perks like travel insurance coverage and access to cryptocurrency trading.

Wise (formerly TransferWise)

Wise stands out as one of the best banks for international travel if you frequently deal with multiple currencies. Their Borderless Account allows you to hold balances in over 50 different currencies without any conversion fees when transferring funds between them at mid-market rates – saving money compared to traditional banks’ foreign exchange rates.

With Wise’s debit card linked directly to your Borderless Account, accessing your money becomes seamless regardless of your location.


N26 is experiencing rapid growth across Europe thanks to its user-friendly interface and extensive range of financial products suitable for both personal use and business purposes among freelancers who often work internationally.

The N26 You subscription plan provides customers with free ATM withdrawals worldwide alongside other attractive benefits, such as travel insurance packages from Allianz Global Assistance.


For American citizens looking specifically within domestic borders but wanting easy global access, Chime is one of the best banks for international travel. With no monthly fees or minimum balance requirements, Chime offers fee-free ATM withdrawals at over 60,000 locations across the United States through its extensive network of partner ATMs.

Starling Bank

Suppose you’re a UK resident seeking an international banking solution with low costs and convenient features like real-time spending notifications and budgeting tools. In that case, Starling Bank might be your one of the best banks for international usage. Their personal and business accounts offer free foreign currency exchange services without any markup on weekends or holidays – making it ideal for those frequently traveling abroad.

Charles Schwab Bank

Known for its excellent customer service, Charles Schwab Bank offers a range of online banking services suitable for frequent travelers, which makes it one of the best banks for international usage. One standout feature is their unlimited ATM fee rebates worldwide – a major advantage when accessing cash abroad without worrying about excessive fees.


As one of the best international banks, Monzo provides users with a seamless mobile international banking experience tailored towards an international lifestyle. Their app allows easy spending tracking across different countries and detailed insights into expenditure categories.


Widely recognized as one of the most reliable platforms specializing in cross-border payments, Payoneer is one of the best banks for international travel that enables freelancers and businesses to send funds globally at competitive exchange rates.

When comparing these options based on features like rewards programs or availability across multiple countries, they all excel differently depending on individual needs.

How to Make a Choice?

To determine which international bank account suits you best, stick to the following steps:

  1. Explore if there are any specific requirements related to opening an account in your country.
  2. Compare each platform’s fee structure regarding sending money abroad – consider both wire transfer costs (for large transactions)and regular daily expenses such as card usage fees or foreign transaction charges.
  3. Evaluate whether they offer additional value through perks like travel insurance coverage or exclusive partnerships with local businesses.
  4. Assess the ease of use: pay attention to user-friendly interfaces, convenient mobile apps, and responsive customer service.
  5. Consider how well they integrate with other financial management tools you may already be using (e.g., budgeting apps or expense trackers).
  6. Think about your long-term plans – do these top-best international banks offer investment options or retirement planning services that align with your goals?

Ultimately, finding the best international bank account for expats and digital nomads involves the following:

  • Considering various factors such as online accessibility.
  • Sending money abroad capabilities.
  • Exchange rates offered.
  • Savings account availability.
  • Rewards programs.

Careful evaluation of each option will enable you to make an informed decision based on your unique needs and preferences.

Remember that opening a bank account in another country can have legal implications; always consult with professionals familiar with local regulations before making any decisions related to international banking.

With proper research and consideration of all available features from Charles Schwab Bank, Monzo, Moneese, Payoneer, etc., you’ll be able to find the ideal solution for managing your finances while living an internationally-focused lifestyle.


Choosing the right international bank account can significantly simplify managing finances while living as an expat or digital nomad. Revolut’s comprehensive features make it a top overall choice for many users in this space. However, Wise excels in multi-currency capabilities, while N26 provides full-licensed neobank services within Europe specifically.

For Americans looking to maximize their ATM access without paying extra fees domestically, Chime is worth considering.

Lastly, Starling Bank caters well to residents of the United Kingdom who desire competitive rates on foreign currency exchanges coupled with modern financial management tools.

It’s important to carefully assess your specific needs when selecting from these options – ensuring that whichever bank you choose aligns most closely with your expectations regarding cost-effectiveness and convenience during global travel endeavors.


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