Wise: An ideal option for non-residents
One of the banks most recommended by our clients is Wise (formerly TransferWise). This service offers a multi-currency account with a free physical debit card, making it an attractive option for those who need to manage different currencies without complications. Wise is known for its low fees and ease of use, and the debit card allows you to make purchases and withdraw money at ATMs around the world at very competitive rates.With MDE you have the opportunity to get your physical Wise debit card at no cost by click here!Other recommended banks
In addition to Wise, there are other institutions that may be suitable for non-European residents:- N26: A digital bank that offers free checking accounts and debit cards. N26 is popular for its intuitive mobile app and easy registration process.
- Revolut: Offers multi-currency accounts and a physical debit card. It is ideal for people who travel frequently or who need to make international transactions.
- Bunq: A digital bank that allows you to open bank accounts in Europe with a relatively simple verification process.
How can we help you?
Opening a bank account in Europe as a non-resident generally requires a verifiable European address and, in some cases, a European-owned telephone line. This is where MDE can be essential:- Verifiable European Address: We provide you with a physical address in Europe that you can use to receive official correspondence, such as debit card and bank statements. This address meets the verification requirements of most European banks.
- Telephone Line with Real Ownership: We help you hire a European telephone line, which is a common requirement to complete the process of opening bank accounts.
- Other Verification Services: We also offer other services that allow you to verify your address in Europe, thus facilitating access to various financial platforms and services.
Operation for non-residents
The general process our clients have followed to open a bank account includes the following steps:- Register in MDE: Register on our platform to obtain your European address.
- Select Bank: Choose the bank that best suits your needs (for example, Wise for its free debit card).
- Verification Process: Use the address provided and, if necessary, the European telephone line to complete the verification process.
- Document Reception: Receive your debit card and any other document at the MDE address, from where we will forward it to you anywhere in the world.
Important disclaimer
This article is based on the experiences of our customers, who have processed hundreds of cards through our services. However, it is important to highlight that MDE is not responsible for the decisions that banks may make regarding the approval or denial of accounts to their clients. We always recommend reviewing the specific terms and conditions of each bank.Are you ready to start?
Register today in MDE and take advantage of our reviews from clients who have trusted us. Plus, we offer a 14-day money back guarantee so you can try our service risk-free. Establish your presence in Europe with ease and start enjoying the benefits today!Other digital banking options for non-residents
In addition to Wise (multi-currency account with physical card and low fees, ideal for managing euros, dollars and more), these are other European fintech widely used by non-residents:
- Revolut: multi-currency account with real exchange rate, virtual and physical cards and personal and company plans (very useful if you also have a business or an LLC).
- N26: 100% digital German bank with European IBAN and very simple app.
- Bunq: Dutch bank with European IBAN, sub-accounts and focus on savings and sustainability.
Requirements vary depending on the supplier and your country; many ask for an address in Europe for registration or to send you the physical card, and that is where MDE comes in: we give you the address and receive and forward your card wherever you are.
A Spanish line to use your bank from anywhere in the world
The point that often blocks non-residents is SMS verification: banks and fintechs send codes to a local number to confirm registration, payments or access. Therefore, in addition to the address, at MDE we get you a Spanish mobile line with a real number from Spain, so that you can receive verification SMS and use your European bank from any country, keep your app operational and pass security controls. We explain how in our guide how to get a Spanish mobile line from abroad.
Frequently asked questions
Can I open a bank account in Europe without being a resident?
Yes, it is possible, especially with fintech like Wise, Revolut, N26 or Bunq. Many ask for an address in Europe for registration or to send you the card; MDE provides you with that address and forwards the card to your country.
Which bank or fintech is best for non-residents?
Wise stands out for its multi-currency account and low commissions; Revolut for currency exchange, virtual cards and its business plans; N26 and Bunq for being 100% digital European banks with IBAN. The best option depends on your country and what you want it for.
Do I need a Spanish phone number to use a European bank?
Many banks and fintechs verify registration, payments and SMS access to a local number. With the Spanish mobile line that Mi European Address gives you, you receive those SMS and you can use your European bank from anywhere in the world.
What is the purpose of having a European bank account?
To collect and pay in euros, receive SEPA transfers, buy in European stores, manage currencies with low commissions and register services that require a European IBAN.
How do I receive the bank card if I live outside Europe?
You use your Mi address European address as destination of the card; We receive it in our warehouse and forward it to your home in any country.
