Non-Resident Bank Account Opening

Your Free Guide: Opening Non-Resident Bank Accounts

Download this FREE printable guide to start opening non-resident bank accounts with the best banks around the world.

Non-Resident Banking Guide

Non-Resident Bank Account Opening

Non-resident bank account options exist in almost every country. From retail accounts in the US to private bank accounts in Europe, and everything in between.

To get started opening your non-resident bank account, use our free resources, featured articles, and expert insights to navigate your options and find the best bank account for you.

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Non-Resident Banking

Open an Offshore Personal Bank Account Online Feature

Offshore

Unlock offshore personal bank accounts in top banking hubs…

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US Personal Banking

USA

Open a bank account for non US residents with the following free…

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European Personal Banking

Europe

European bank accounts for non-residents can be accessed…

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Asian Non-Resident Bank Account

Asia

Open accounts with international banks in Asia for non-residents…

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Most Popular

Non-Resident Article

Click here to read our featured (and most popular) non-resident banking article that discusses opening an international bank account as a non-resident.

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Non-Resident Account Opening

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Non-Resident Banking Guide

Non-Resident Bank Account Opening 101

Before jumping in, here are some of the key takeaways you should know before you open a bank account as a non-resident.

KEY TAKEAWAYS:

  • Not all jurisdictions offer non-resident bank accounts
  • Most individuals can open non-resident bank accounts 100% remotely
  • Required deposit levels vary between jurisdictions & banks
  • Unexpected costs can apply if non-residents choose the wrong banks
  • Non-resident bank accounts can offer unique opportunities

Why Open a Bank Account as a Non-Resident?

Opening a non-resident bank account can be essential to supporting your financial needs or international lifestyle. This is especially true if you have investments abroad, work in a country other than your home country, or have a career that requires frequent relocation.

But, there are many other common reasons why individuals are interested in opening non-resident bank accounts. 

Common Reasons to Open a Non-Resident Bank Account

  • Support for your international lifestyle across multiple jurisdictions
  • Finance international real estate investments & maintenance costs
  • Access a stable store of value compared to a devaluing home currency
  • Access multiple currencies at competitive foreign exchange rates
  • Better managed banks than those available in your home country
  • Corruption & theft are a risk when banking in your home country
  • Diversification of economic & political risk across countries

These are just a few of the many benefits you can unlock when you open a bank account as a non-resident. 

But just because you want a non-resident bank account, that doesn’t mean you’ll be able to open one immediately. There are many challenges that non-residents may face when attempting to open accounts, so lets dive into the process of opening non-resident bank accounts.

How to Open a Non-Resident Bank Account

To successfully open an account you first need to know which country and ideally which bank you want to bank with. 

Once you decide on a banking jurisdiction, we suggest digging into our country specific content to find out the specifics of opening accounts there. You can find this either below or by visiting our regional content hubs at the top of this page. 

That said, no matter where you choose to bank, there are a few unique considerations that non-residents must keep in mind when opening bank accounts. 

Unique Non-Resident Bank Account Opening Considerations

  • Can you demonstrate the necessary ties to the country?

  • Can you meet the deposit requirements for non-resident accounts?

  • Do you have an acceptable address (local or foreign) to open an account?

  • Will you be able to open the account without visiting the bank?

  • Does the bank have any unique document authentication requirements?

  • Are bankers in the country familiar with your nationality & residency?

  • Does the bank openly accept non-resident & foreign clients?

  • Does the bank charge any unique non-resident banking fees?

By answering these questions when you’re selecting a country and bank, you can ensure that you find a non-resident banking option that is suitable for your profile. 

This will save you from wasting time applying to banks that don’t match you or that you are not eligible for, which is very important.

How You Can Start Opening Today

If you need help to determine which country or bank is best for you, start by completing our free assessment. This allows us to review your profile and determine where you can open accounts right now based on your profile.

Once submitted, our team will confirm if you qualify to bank in your preferred jurisdictions and outline the most viable options available to you. This helps you avoid wasted applications and focus only on banks that are a strong fit.

FREE ASSESSMENT

Find Out Where You Can Open Accounts Right Now

GlobalBanks offers a free assessment of your banking options, confirming if you qualify to bank in your preferred jurisdictions!

  • Let our experts confirm if you can open accounts before you apply
  • Don’t waste time talking to banks that will only deny you
  • Save yourself the headache of sending documents abroad
  • Get fast and easy confirmation of your options + 100% FREE!
Click Here to Submit Your FREE Assessment

Looking for a more hands-on solution? 
After submitting your Free Assessment, you will have the option to use our VIP Processing, which includes private 1-on-1 strategy calls, bank and country shortlists, and a personalized international banking strategy designed specifically for your case. 
Click here to submit your assessment now.

Where Can You Open Non-Resident Accounts?

The non-resident banking hubs you can access will depend on the type of accounts you want, the features you’re after, how much you can deposit, and your client profile. 

To help you navigate your options we’ve put together a shortlist of a few popular non-resident banking hubs to consider.

Jurisdiction Preferred clients Expected deposit (USD) Notes
Isle of Man Retail, Business, Private, & Structures $5,000 to $100,000 Suitable option for all offshore banking categories. Use our dedicated Isle of Man IQ report to start opening accounts.
Liechtenstein Private & Structures $500,000 to $3,000,000 Purely for private banking. Clients should expect to deposit mid-six to seven-figures. High-risk clients accepted.
Panama Retail, Business, Private, & Structures $10,000 to $100,000 Suitable option for all offshore banking categories. Use our dedicated Panama IQ report to start opening accounts.
Singapore Private & Business $100,000 to $250,000 Accessible for most nationalities and businesses. Deposit requirements depend on bank and client type. Use our dedicated Singapore IQ report to start opening accounts.
Switzerland Private, Business, & Structures $10,000 to $3,000,000 Non-resident options in Switzerland range from UHNW private banking to regular accounts with ldeposits requirements as low as $10,000. 
United States Non-residents, foreigners $3,000 to   $200,000 Non-residents can open bank accounts in the US without ties to the US, a SSN or ITIN, US address, or physical presence. Use GlobalBanks USA to start opening accounts here today.

Free Resources

Explore Your Options

Below you’ll find our archive of free resources to assist with opening non-resident bank accounts around the world. 

This includes detailed articles to help you open accounts in specific countries and free guides explaining how to navigate challenges related to non-resident banking.

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