6 Best Banks for Digital Nomads [2025]

If you’re using a traditional bank account while earning on the go, freelancing from cafés, or running a remote business offshore, you’ll quickly realise that traditional bank accounts are insufficient. Hidden fees, address checks, and limited currency support can make things difficult for digital nomads. 

The good news is that there are over 40 million digital nomads globally, and there are definitely banking solutions out there today that can solve their needs.

In this guide, I’ll walk you through the best banks built for digital nomads, so you can manage money from anywhere, without the hassle.

What you’ll get in this guide:

✅ The top banks and fintechs for digital nomads

✅ Pros and cons of every option

✅ Expert tips for picking the right account

✅ Easy comparison of fees, currencies, and features

✅ Answers to common nomad banking questions

What Digital Nomads Need to Consider

Choosing the right bank as a digital nomad is about more than just low fees. You need an account that works wherever you are. Here are the key things to look out for.

1. Can You Open and Use the Account Remotely?

Many nomads don’t have a fixed address or can't visit a local branch. The best options let you open and manage everything online, including identity verification, account setup, and card controls. A strong mobile app with real-time notifications is essential.

2. Are the ATM Fees Reasonable or Refunded?

ATM access is one of the most talked-about issues. Look for providers that either don’t charge international ATM fees or reimburse third-party ATM charges. Some providers refund fees automatically, while others require specific monthly activity.

3. Does It Support Multiple Currencies?

Nomads often earn in one currency and spend in another. A multi-currency account lets you hold, convert, and pay in different currencies without high exchange markups. Look for services that offer local bank details in major currencies (USD, EUR, GBP) and competitive FX rates (ideally close to mid-market exchange rate)

4. How Usable Is the Card Abroad?

Not all cards work equally well when traveling. You’ll want a Visa or Mastercard® that works globally, with contactless payment support, virtual card options for online spending, and the ability to freeze or replace the card quickly through the app.

5. Can You Reach Support While Traveling?

Time zones and language barriers can make problems worse. Choose a provider with 24/7 customer support, ideally via live chat or phone. Check Reddit or Trustpilot to confirm how quickly issues are resolved, especially for locked accounts or lost cards.

Best Banks for Digital Nomads At a Glance

Here are the top options for digital nomad banking.

Digital Nomads-Friendly US Banks

If you’re a US citizen or resident, these banks are built with US digital nomads in mind.

Charles Schwab Bank, a subsidiary of the Charles Schwab Corporation, offers online checking and savings accounts tailored to investors. Its banking services are best suited to US residents who want seamless integration between checking and brokerage accounts.

With no monthly fees, no foreign transaction fees, and unlimited worldwide ATM reimbursements, it’s a solid option for digital nomads who need reliable global access to cash and trading tools.

However, like most US banks, you need to be a U.S. citizen to open an account with Charles Schwab.

• Linked checking and brokerage accounts for instant transfers
• Schwab Bank Visa® Debit Card with unlimited global ATM fee rebates
• No monthly service fees, overdraft fees, or foreign transaction fees
• Full-featured mobile banking with Zelle®, Apple Pay®, and Google Pay®
• 24/7 live chat

Please refer to this Charles Schwab Bank fees page for full details.

Capital One is an American bank known for its expertise in credit cards, auto loans, and banking products. It is now one of the most recognised brands in banking, serving over 100 million customers across different sectors.

For digital nomads, Capital One stands out with its travel rewards credit cards, mobile-first banking experience, and fee-free structure on many core services.

• Checking accounts with no monthly or overdraft fees
• 70,000+ fee-free ATMs across the US
• Mobile check deposit
• Early paycheck access (up to 2 days early)
• Add cash deposits at major retail locations (e.g. CVS®, or Walgreens®)
• Various travel and Miles Rewards credit cards

For more information, please refer to the Capital One 360 Checking charges page.

Digital Nomad-Friendly UK/EU Banks

Living or registered in the UK or EU? The online banks below offer fully app-based banking and travel-friendly features.

Founded in 2013, N26 is an online-only bank that operates exclusively through its banking app. It has held a full European banking license since 2016.

They offer a multi-currency account, debit card, currency exchange service and more. This bank allows digital nomads to hold and handle their funds in multiple currencies while on the go. Their account starts free and allows users to make basic transactions, but they start to incur fees with more advanced features.

N26 serves over 8 million customers across 24 markets worldwide. 

• Personal and business accounts with EU IBANs
• Multi-currency account with currency conversion features
• Free virtual debit card with Apple Pay and Google Pay
• 3–8 free ATM withdrawals/ month, depending on plan
• Invest in stocks, ETFs, and crypto from the app
• If your employer accepts German IBANs, you can have your salary deposited into your N26 account.

Please refer to the N26 plans page for the detailed pricing structure.

Monzo is a fully licensed digital bank in the UK that offer personal and business accounts via its mobile app. Monzo provides tools for budgeting, saving, and spending, without the need for a physical branch.

The bank is considered one of the largest digital banks in the UK, with over 12 million personal and business customers. It supports international spending with no foreign transaction fees and optional travel insurance via Monzo Max.

• Personal and business accounts fully managed via a mobile app
• No foreign transaction fees on card spending
• Fee-free EEA ATM withdrawals; capped free limit outside EEA
• In-app access to Wise for international transfers
• Travel insurance and premium features via Monzo Max
• 24/7 in-app chat

For full details, please refer to Monzo's fee information page.

Digital Nomad-Friendly Fintechs

Not based in those regions? Here are fintech companies that work from different countries and fit the digital nomad lifestyle well.

Revolut is a UK-based neobank offering multi-currency accounts, global transfers, and integrated tools for individuals, freelancers, and businesses. It operates in over 150 countries and has two separate branches: Revolut Personal and Revolut Business.

As of July 2024, Revolut has been granted a UK banking licence and is currently in its mobilisation phase. In the EEA, it already operates as a licensed bank via Revolut Bank UAB in Lithuania. In other regions, Revolut continues to function as a payment service provider, with client funds safeguarded via regulated third parties.

• Personal, business, and freelancer accounts with global reach
• Multi-currency support and local accounts for GBP, USD, and EUR
• Revolut Pro account is designed for sole traders and freelancers
• Unlimited inbound transfers in GBP, EUR, USD, and CHF
• Up to 200 virtual cards and payment links for fast payouts
• 24/7 in-app chat

For more information, please refer to Revolut's personal plan and pricing page and Revolut’s business plan and pricing page.

Established in 2011, Wise is a UK-based financial technology company headquartered in London. They provide international money transfer services and multi-currency accounts to individuals, businesses, and freelancers in 160 countries, having served over 300,000 business customers.

Although Wise is not a bank, it is a licensed payment service provider with regulatory licenses that allow the company to offer business accounts and payment services across various regions.

• Hold and convert 40+ currencies
• Local account details in 9 currencies
• Physical and virtual cards (in supported regions)
• Transfer fees start from 0.33%.
• FX rates based on mid-market rate with fees from 0.33%

For detailed pricing information, please refer to the Wise pricing page.

If you’re a digital nomad entrepreneur with a business registered in Hong Kong, Singapore or the British Virgins Islands (BVI), we recommend Statrys.

With a Statrys business account, you can hold, receive and send money in 11 major currencies: HKD, USD, EUR, GBP, SGD, AUD, CAD, JPY, RMB, CHF, and NZD. Local payments are available in 12 currencies, including SGD, USD, EUR, GBP, HKD, CNY, and JPY, helping you save on international transfer fees. The rates are based on the real-time mid-market rate with fees starting from 0.1%.

You’ll also get access to both virtual and physical Mastercard® cards with no foreign transaction fees, and global ATM withdrawals at a flat 1.99% fee.

Every Statrys account includes a dedicated account manager to ensure you get personalised support so you’re never left navigating things alone.