Your Free Guide: Opening Non-Resident Bank Accounts
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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 Article

International Bank Account Opening [International Banks]
Opening an international bank account is critical to the lives of many individuals and business owners. This can be true whether you live in Southeast
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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Get the steps to avoid the ‘Top 7 Application Killing’ mistakes applicants keep making
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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, you can join one of our premium memberships and immediately get the help you need.
If you’re just getting started, we suggest considering GlobalBanks IQ, it’s our flagship international banking platform designed to help non-residents navigate account opening options for themselves and their businesses.
It comes with step-by-step account opening instructions, proven tools for overcoming account opening challenges, and insights from our team. If you’re ready to start opening a non-resident bank account, click below to get started with GlobalBanks IQ right away.
MEMBER ACCESS
GlobalBanks IQ provides immediate access to everything you need to open Non-Resident Bank Accounts in top countries around the world!
- Choose banks in minutes with our international banking database
- Open accounts with detailed step-by-step instructions
- Handle banker questions easily with detailed conversation scripts
- Meet bank requirements (e.g. local address) with proven solutions
- Unlock exclusive offers from the best banks in our member reports
- Receive lists of banks that accept high-risk & offshore businesses
- Plus much more!
Looking for a different type of account?
We can help you make informed decisions about personal, business, & private banking across Europe, Asia, and the United States. Click here to learn more.
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.

What Is Tax Evasion? | Explanation & Examples

Money Received Message | Know the Risks

Building Society Roll Number | UK Banking Basics

Form 5471 | What Should You Know Before Filing?

FBAR Filing | Who Needs to File?

What Is an Expat? | Expat Person Exposed

What Is the Full Form of ATM? | Automated Teller Machine

What Is TAN Number? | Get Your TAN as an NRI in India

How to Buy Singapore Savings Bond? Singapore Banking 101

Substantial Presence Test | Calculate Your US Presence

ITIN Application | How & Where to Apply for an ITIN?

APY vs APR: Annual Percentage Yield vs Rate Explained

What Is a Nonresident Alien? | Nonresident Aliens 101

APY vs Interest Rate: What You Need to Know

What Is a High-Yield Savings Account? | Your Free Guide

Compound Interest Accounts: What You Need to Know

Top Private Bank in India: Choosing Where to Bank

Bad Debts: Meaning & Examples in Banking

Types of Banks in India: Bank Types 101



FinCEN Form 114: Banking Overseas for US Persons

POS Full Form in Banking + POS Services

Virtual Payment Address: Meaning & Instructions

LTV: Full Form Description in Banking & Finance


What Is a Sole Trader? | UK Banking Basics

Venmo Transfer Limit: How Much Can You Send?


Difference Between Cash Flow and Fund Flow

How to Make a Demand Draft? | Demand Draft 101

Offshore Brokerage Account: Should You Invest Offshore?


What Is MICR Code? | Banking in India 101

NRO Account Meaning: Guide to Your NRO Account

POS Meaning in Banking: Paying With Your Bank Account

Transit Number on Cheque: How to Find My Transit Number?


Recipients Meaning in Banking: Sending Money 101

Sort Code on Card: UK Bank Sort Codes 101

Fiscal vs Monetary Policy: What Do You Need to Know?




Liquid Net Worth: What It Is and How to Calculate



What Is an ABA Number? | ABA vs Routing Number

What Banks Are in Trouble? | How to Assess Bank Risk



Best Bank for College Students: Student Banking 101

FCNR Full Form + Comparisons to NRO and NRE Accounts






No-Penalty CD Guide: What You Need to Know



Venmo Goods and Services: Purchases + Protections




MICR Code Means [Finding My MICR Code]

IMPS Transfer Time | Sending Money in India

Venmo Payment Declined | Reasons & Solutions

Remittance Address [Read Before Sending]

SWIFT | Full Form in Banking [SWIFT 101]



Nonresident Alien Meaning [Offshore Banking]

How Much Cash Can You Fly With?

How to Improve Credit Score [UK Credit Score Guide]

Best Children’s Savings Account [Banking for Kids 101]

Best Joint Bank Accounts [Opening a Joint Account]

Free Online Checking Account No Opening Deposit at Bank

Remitter Meaning in Bank [Banking Definition]

ACH Mandate | Automated Clearing House 101

FCNR Account [FCNR Deposit Account]

NRE Meaning in Banking [Banking in India]

Request for Bank Statement [Banking in India 101]

What Is a Liquid Asset? [Liquid Assets 101]

Certified Funds 101: What They Are & When They Matter

What Is a Non-Resident Alien? [US Banking]

Which Is the Largest Bank in India? [Banking in India]

Bank Account Transfer Letter [Bank Account Transfers]

CMS in Banking [Cash Management Services 101]

Types of Bank Guarantee [Free Step-by-Step Guide]

Bank Account Closing Letter Format [Requirements]

Application for Account Statement [Best Options]

Unlucky Passport Club [Banking With a Weak Passport]

What Is a Nationalised Bank? [Banking in India 101]

Bank Solvency Certificate 101 [Your Free Guide]

Non-Scheduled Banks in India [Banking in India 101]

Application for Opening Bank Account [Banking in India]

Difference Between Savings and Current Account in India

Is Venmo International? [Sending Money From the USA]

Send Money to Australia From USA [Send Money Abroad]

Why Is My Debit Card Declined When I Have Money?

How Much Cash Can Be Withdrawn From an ATM? [UK & US]

Difference Between Tax Evasion and Tax Avoidance

Anonymous Reloadable Prepaid Cards | Find Them Here…

Form 8938 Instructions | Do You Need to Report?

NRO Means Non-Resident Ordinary [NRI Banking]

Bank Account With Overdraft | Are You Eligible?

What Is an ISA Account?

No Foreign Transaction Fee Credit Card Canada Guide

Savings Account With Debit Card [How to Get a Debit Card]

What Is Debit Card Hotlisting? [Hotlisted Debit Card]

Debit Cards With Lounge Access [Unlock Airport Lounges]

Certified Cheque vs Bank Draft | Canadian Payments

Difference Between Cheque and Demand Draft [NRI Banking]

List of Address Proof Documents [NRI Banking]

Transfer Money From India to UK [India to UK Transfers]

Types of NRI Bank Accounts [NRI Banking 101]

Best Money Transfer Credit Card [UK Transfer Options]

Transfer Money From a Credit Card [UK Banking]

Best Credit Cards for Travelling [UK & Offshore Cards]

Can I Open a US PayPal Account? [US PayPal 101]

Send Money to Pakistan From UK [Transfers to Pakistan]

Send Money to Sri Lanka From UK [Transfers to Sri Lanka]

Send Money to Canada From UK [Sending to Canada 101]

Send Money to Australia From UK: UK to Australia Transfer

BSA E-Filing: How to File FBAR via the BSA Website

FATCA “Full Form” in Banking: What It Is & Why It Matters

Send Money to USA From UK [How to Send Money From the UK]

How to Send Money From Canada to Pakistan [Start Here]

Send Money to Philippines From Canada [Send Money 101]

How to Transfer Money From Canada to India [Canada Banks]

Best Debit Card to Use Abroad [UK Credit vs Debit Cards]

Credit Card UK [No Foreign Transaction Fee Credit Cards]

Best Travel Credit Card UK + Secret Alternatives

Line of Credit vs Credit Card | Consumer Banking 101

How Long Does an e-Transfer Take? [Canadian Banking]

FBAR Filing Requirements [Free Step-By-Step Guide]

Best Bank Account Canada [Canada Banking Guide]

How to Cancel an E-Transfer? [Banking in Canada]

Virtual Credit Card Australia + Better Options

Why Is My e-Transfer Taking So Long? [Canadian Banking]

Buy Stocks With ITIN Number [US Investing for Foreigners]

ITIN Loans [How to Obtain an ITIN Loan]

Is Branch Number Same as Transit Number? [Canadian Banks]

How to Send Money to Someone Without a Bank Account

Money Order vs Bank Draft | Sending Money in Canada

How to Transfer Money Between Banks Canada

Largest Banks in Canada [Opening With Banks in Canada]

Banks That Handle Lottery Winners’ Money [Where to Open]

Send Money From Bank Account Without Verification [Guide]

Offshore Merchant Processing [Beginner Guide]

What Is a Relationship Banker? [US Banking]

What’s the Difference Between a Credit Union and a Bank?

How Many Bank Accounts Can You Have? [Surprise Answer]

Proof of Address Documents UK [Banking Proof of Address]

How Much Cash Can I Withdraw From My Bank? [THIS Much!]

How to Get Proof of Address Without Bills + Alternatives

What Can I Use as Proof of Address? [Non-Res Banking]

Crypto Friendly Banks UK [Opening Considerations]

Online Bank Account With Instant Debit Card No Deposit

Sending Money to Madagascar From US [US to Madagascar]

Send Money to South Africa From USA [Send Money 101]

What Is a Share Certificate? [US Credit Unions]

Why Can’t I Buy Egyptian Pounds in UK? [Surprise Answer]

How Long Is a Cheque Valid for in UK? [UK Banking]

Direct Debit Indemnity Claim [UK Banking]

Difference Between a Standing Order and Direct Debit

Moving to Portugal From UK [Portuguese Visa + Banking]

How to Send Money Through Western Union in Person

Send Money to China From UK [Low-Cost Options]

Can You Refinance With the Same Bank? [US Banking 101]

How to Change PayPal From Business to Personal

How Old Do You Have to Be to Have PayPal? [PayPal 101]

Can You Have Multiple PayPal Accounts? [PayPal 101]

Why Does PayPal Need My SSN? [Social Security Number]

Cash Advance for Independent Contractors [Starter Guide]

What Does Country of Residence Mean? [Non-Res Banking]

Financing Real Estate: Mexico [Start Here]

Does Canada Have Cash App? [+ Cash App Alternatives]

Is Venmo Available in Canada? [+ Venmo Alternatives]

How to Transfer Money With Only Card Number and CVV

How to Send Money From Canada to US for Free [CAD to USD]

Foreign Currency Term Deposit Rates Australia

Best Canadian Business Credit Cards [How to Choose]

Is It Better to Exchange Money in U.S. or Canada?

How to Store Paper Money Long Term + Better Options

Turkish Virtual Credit Card [Fact vs. Fiction]

Mobile Banking in Saudi Arabia [Bank Account Opening]

Government Spying on Your Bank Account [Privacy 101]

Can Bank Tellers See Your Balance? [Bank Privacy 101]

Open a Greek Bank Account Online [Banking in Greece]

KYC Requirements for Investors [USA Investor Guide]

ITIN Mortgage Loans [US Lending With an ITIN]

Loan With ITIN Number [US Banking With ITIN]

Vacation Savings Account [USA Account Opening]

Irish Banks Deposit Guarantee Scheme: Deposits in Ireland

Advantages of Telephone Banking – Telephone Banking Dead?

UK Crypto Friendly Banks | Open With UK Banks?

Coop Bank Mortgages: Alternative Financing

Dividend Bank Account [Offshore Accounts]

How to Withdraw Money From an Offshore Account: Offshore 101

How Much Does It Cost to Buy a Bank?

Cancun Banks: How to Open With a Bank in Cancun

Foreign Banks in Kuwait [Opening With Banks in Kuwait]

Limited Access Savings Account [Offshore Accounts]

Bank Asking for Source of Funds UK [Depositing Money]

What Is a Bank or Building Society Number? [UK Banking]

Disadvantages of Bank Overdraft [Free Guide]

Can I Withdraw Money From My TOD Account? [US Accounts]

Can You Deposit an Estate Check Into a Personal Account?

Banks That Accept ITIN [Start Here]

Best ITIN Mortgage Lenders [ITIN Mortgages]

Can I Deposit Euros in My UK Bank Account?

Which Banks Allow Cryptocurrency Purchases: Finding Banks

Instant Bank Account With Virtual Debit Card [Debit Card]

Forex Broker Bank Account [Forex Trading Accounts]

Setting up a Joint Bank Account [Bank Account Guide]

Bank Account for International Students UK: Bank Accounts

Banking in Ecuador: Are Banks in Ecuador Safe?

Best Bank in Mexico [Non-Resident Banking Guide]

Best UAE Banks for Expats [Expat Banking in the UAE]

Open Argentina Bank Account Online [Opening in Argentina]

How to Open a Brazilian Bank Account [Banking in Brazil]

Open Mexican Bank Account Online [Mexico Banking Guide]

Open Chinese Bank Account Online [Start Here]

Open Korean Bank Account [How to Open Accounts]

Offshore Bank Account: Hong Kong Offshore Account Guide

Mongolia Bank Interest Rate [Read Before Opening]

Expat Maintaining US Address: US Banking Considerations

Loans Without SSN or ITIN [US Loan Guide]

Expat Mortgage USA [United States Mortgage for Expats]

American Banks in Vietnam: US Banks

Best Digital Nomad Debit Cards in Europe

Opening Bank Account in Denmark [Read First]

Open Bank Account in France Non Resident [Start Here]

Online Bank Account With Virtual Debit Card [Debit Card]

Armenia Bank Account [Open Bank Accounts in Armenia]

Are US Dollars Accepted in Canada? [US Banks + Travel]

Best US Bank Account for Expats [Expat Bank Accounts 101]

Bank Account Abroad: Common in Cayman Islands?

Banks in St. Kitts [Saint Kitts and Nevis Banking]

Bank Account Without Physical Address: Possible?

What is a Holding Account? [Holding Accounts 101]

Offshore Bank Account for Seafarers [Where & How to Open]

How to Cash Out Bitcoin to Your Bank Account

How to Open the Best NRI Bank Account

Singapore Bank Account for US Citizens: Remote Banking

Open a USD Bank Account Online [Free Guide]

Open a Bank Account Online as a Non-Resident in Europe

What’s the Best Place for Offshore Banking?

Best International Bank for Expats [How to Choose]

How to Open a Bank Account in Mexico [Banking in Mexico]

Easiest Place to Open a Bank Account as a Non-Resident

Open Panama Bank Account Online: Panama Guide

International Personal Banking [Non-Resident Banking]

Best US Banks for Non-Residents [Banking in the USA]

Open Accounts With the Best Bank for Expats

Investment Platforms for Expats [What to Know]

Can an Indian Resident Open a Foreign Bank Account?

Can I Keep My Bank Account if I Move Abroad?

How to Create a US PayPal Account [Free Guide]

Overseas Bank Account for US Citizens [Start Here]

Opening a Bank Account in Switzerland for Non-Residents

Open Bank Account in Hong Kong [Account Opening Guide]

Open Foreign Bank Account Online [Free Guide]

Best Bank for Travelers [2022 Guide]

How to Open an American Bank Account

SEPA Countries & SEPA Accounts [Updated Countries]


Open Bank Account Taiwan

Get Higher Interest Rates Abroad [2023]

Can a US Citizen Living Abroad Open a Bank Account?

Bank Account Without SSN or ITIN: US Account Opening

Open an Offshore Bank Account Online: Offshore Banking

Multi-Currency Bank Account [Start Here]

International Debit Card [Debit, Credit, Prepaid]

Best International Bank [100% Remote Opening]

How to Open a US Bank Account From India [Free Guide]

Best Offshore Accounts [Top Offshore Banks]

Having a UK Bank Account When Living Abroad: UK Banking

Open a Bank Account Online in the US as a Non-Resident

Overseas Mortgage for Non-Residents [Free Guide]

Advantages of Offshore Accounts [Offshore Banking]

Finding the Best European Bank for Expats

Montenegro Banks [Read Before Opening]

US Bank Account For Foreigners [Free Guide]

Requirements for Opening a Bank Account in the UAE

Offshore Debit Cards – Ultimate Guide

Banks in Portugal [Portugal Banking Guide]

Best Online Bank Account Europe [EU Banking]

Open a US Bank Account From Abroad

Open an Expat Bank Account in Singapore

How to Open a Bank Account in Macau

Foreign Currency Account [How to Open Currency Accounts]

Overseas Bank Account Opening 101

UK Bank Account Without Proof of Address

Armenia Banks for Non-Residents [Start Here]

Finding the Best Bank for Foreigners in Turkey

Banks in Malta (What You Need to Know)

Non-Resident Mortgage in Canada (Start Here)

How to Open a Bank Account in Poland

Cyprus Bank Account Online [How to Open Guide]

Open a Bank Account in Vietnam as a Foreigner

Banks in Puerto Rico: Should You Bank Here?

US Bank Accounts for Non-Residents [Banks in the USA]

Open a European Bank Account for Non-Residents

Banks in Serbia (What You Need to Know)

Can a Foreigner Open a Bank Account in Canada?

Best Bank in Dubai for Expats in 2022

Open a Bank Account in the UK [Opening Requirements]

UK Bank Accounts for Expats [Free Guide]


Andorra Banks: What You Need to Know

Offshore Banking: UK Offshore Bank Accounts

Banking for Digital Nomads [Digital Nomad Banks]

Best Offshore Bank Account Interest Rates

Open a Bank Account in Russia as a Non-Resident?

How to Open a Bank Account in the UAE for Non-Residents

International Digital Bank Account [Digital Banking]

How to Open a Bank Account in the Netherlands

Open an Irish Bank Account as a Non-Resident

Open the Best Bank Account for Cryptocurrency

Open an Offshore Personal Bank Account Online

Non-AEOI Countries List & Account Opening

How to Open a Bank Account in Czech Republic as a Non-Resident

Open Online Bank Account [France Edition]

Montenegro Bank Account [Non-Resident Account Opening]

Danish Bank Account [Banking in Denmark]

Non-Resident Bank Account Portugal [Banking in Portugal]

Opening Bank Account in Spain [Banking in Spain]

Opening German Bank Accounts for English Speakers

Estonia Bank Account Non-Resident [Estonia Bank Account]
