Best Banks for Digital Nomads and International Travelers

Managing your finances can be quite a challenge when embarking on an exciting journey like the digital nomad life, where you're constantly working and traveling.

In this article, we're going to explore the best banks that cater to our needs as digital nomads, so you can focus on what matters most: living your dream as a globe-trotting remote worker. So, grab your favorite beverage, find a comfy spot, and let's dive into the world of digital nomad banking made easy.

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Note: We are not financial professionals or a financial institution. The information provided is for informational purposes only, and it's based on the research of our editors, who are not financial professionals themselves.

Traditional vs International Banks: What is Best for Digital Nomads?

You might already have a traditional bank account set up in your home country, so why would you need to rethink your banking situation when embracing the digital nomad lifestyle?

The truth is: not all banks are nomad-friendly.

Traditional banks often cater to those who reside in one location, visit local branches for transactions, and have predictable monthly expenses. As a digital nomad, your lifestyle demands flexibility and adaptability. On top of that, traditional banks have exorbitant exchange fees, which can significantly add up to your expenses when traveling internationally.

Don't worry, you won't need to sift through mountains of fine print to find the perfect fit. We've done the research for you! Read on to discover the best international banks for digital nomads worldwide.

Best Digital Nomad Banks for International Travel

  1. Wise - Best Multi-Currency Account
  2. Revolut - Best for Everyday Digital Nomad Expenses
  3. Payoneer - Best for Freelancers and Entrepreneurs
  4. Chime® - Best US Bank for Fee-Free ATM Access
  5. Charles Swab - Best US Bank for Travel Perks
  6. CapitalOne 360 - Best US Bank for Budgeting
  7. Monzo - Best UK Bank for User Experience
  8. Starling - Best UK Bank for Seamless Integration
  9. Monese - Best European Bank for Instant Account Opening
  10. N26 - Best Fully-Licensed Neobank for EU Residents
  11. Scotiabank - Best Canadian Bank for No Foreign Transaction Fees
  12. Tangerine - Best Online Bank in Canada for Low-Fee Structure
  13. Citibank - Best Australian Bank for Free International Services
  14. ING - Best Australian Bank for Rebates on International Fees
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If you want to jump straight to the review of the best digital nomad banks for your nationality, click any of the links below:

Best International Banks for Digital Nomads
Best Banks for US Digital Nomads
Best Banks for UK Digital Nomads
Best Banks for European Digital Nomads
Best Banks for Canadian Digital Nomads
Best Banks for Australian Digital Nomads

Best International Banks for Digital Nomads

Let's now analyze them individually, including their features, pros and cons, and anything else you need to know for your digital nomad bank.

1. Wise

Best Multi-Currency Account

The homepage of Wise, the bank for digital nomads

Wise has become a digital nomad favorite for hassle-free currency management and international transfers. It offers a fantastic multi-currency account that makes juggling currencies a breeze, allowing globetrotters like us to focus on their adventures without fretting about fees and exchange rates.

Services and Features

  • Multi-currency account supporting over 50 currencies
  • Real-time exchange rates (mid-market rates) for fair conversions
  • Low, transparent fees on international transfers
  • Debit card for convenient spending and ATM withdrawals
  • User-friendly online platform and mobile app for easy account access
  • Compatibility with popular budgeting apps
  • 2 free cash withdrawals per month up to 100 USD in the US or 200 GBP/EUR in the UK/EU

Pros and cons:

Pros
  • The most competitive and fair exchange rates
  • Clear and low fees for international transfers
  • Intuitive platform and mobile app for seamless use
  • Multi-currency borderless account for global spending
  • Speedy international transfers
Cons
  • No physical branches
  • No credit card options
  • Lacks dedicated savings or investment features
  • Not a fully-licensed banking solution

Bank Accounts Available

  • Wise Personal – Free
  • Wise Business – Free

Or read our Wise card review below:

Wise Travel Debit Card Review: Is It Worth It?
Find out if the Wise travel card is the right choice for your next trip. Our in-depth review covers fees, exchange rates, pros, cons, and more.

2. Revolut

Best Bank for Everyday Digital Nomad Expenses

Homepage of Revolut, a bank for digital nomads

Revolut is a digital nomad's best friend when it comes to everyday spending and managing finances on the go. With its feature-packed app, innovative tools, and no-fuss approach to banking, it's no wonder that remote workers and travelers alike are raving about this fintech gem.

Services and Features

  • Multi-currency account with support for over 150 currencies
  • Real-time exchange rates and no-fee FX transactions (subject to monthly limits)
  • Instant and free peer-to-peer payments
  • Debit card with contactless payments and ATM withdrawals
  • User-friendly mobile app with budgeting tools, analytics, and security features
  • Access to cryptocurrencies and investment options
  • Free cash withdrawals up to $1,200 in the US and up to 5 ATM Withdrawals or €200/£200 per rolling month in the EU and UK
  • Travel and device insurance available (with premium plans)

Pros and cons:

Pros
  • Wide range of currencies supported
  • No fees on currency exchange up to a certain limit
  • Free cash withdrawal fees up to certain limits
  • In-app budgeting and analytics tools
  • Cryptocurrency and investment options
  • Licensed and regulated by the Bank of Lithuania
Cons
  • No physical branches
  • ATM withdrawal fees may apply after reaching monthly limits
  • Premium features require subscription plans
  • Customer support could be more responsive

Bank Accounts Available

  • Revolut Standard – Free
  • Revolut Plus – £2.99/month (price in £ as it's not available in the US)
  • Revolut Premium – $9.99/month
  • Revolut Metal – $16.99/month
  • Revolut Ultra (UK Only) – £540 / year
  • Revolut Business (Company & Freelancers) – Free
  • Revolut Business Grow (Company) – $39.99/month
  • Revolut Business Scale (Company) – $149.99/month
  • Revolut Professional (Freelancers) – $149.99/month
  • Revolut Ultimate (Freelancers) – $39.99/month

*Prices are mentioned in USD (and GBP for Revolut Plus) but might vary based on the country.

3. Payoneer

Best Bank for Freelancers and Entrepreneurs

Homepage of payoneer, a bank for digital nomads and freelancers

While not a direct-to-consumer bank, Payoneer deserves to be mentioned in our list as it's a financial lifesaver for digital nomad freelancers and entrepreneurs who need a reliable and efficient way to manage their international transactions. With its easy-to-use platform and global reach, Payoneer takes the stress out of getting paid by international clients while exploring the world.

Services and Features

  • Multi-currency account with support for over 150 currencies
  • Global Payment Service for receiving payments from clients worldwide
  • Mass Payout option for businesses and entrepreneurs
  • Debit card for spending and ATM withdrawals abroad
  • Online platform and mobile app for convenient account management
  • Integration with popular e-commerce platforms and freelance marketplaces
  • Currency conversion at competitive rates

Pros and cons:

Pros
  • Wide range of supported currencies
  • Ideal for freelancers and entrepreneurs with global clients
  • Seamless integration with e-commerce and freelance platforms
  • User-friendly platform and mobile app
  • Competitive currency conversion rates
Cons
  • Currency conversion and withdrawal fees may apply
  • No physical branches
  • No built-in budgeting or investment tools
  • Limited personal banking services

Bank Accounts Available

Payoneer Account – $29.95/year

Best US Banks for Digital Nomads

Let's now look at the top banks that cater excellently to the needs of digital nomads who are residents of the United States.

4. Chime®

Best US Financial Tech Innovator for Fee-Free ATM Access

homepage of chime, a bank for US digital nomads

Chime® is an award-winning financial technology company offering a mobile-first experience with its intuitive app and debit card. It's a breath of fresh air for digital nomads and remote workers seeking a straightforward, user-friendly financial experience. And thanks to its innovative features and clear pricing, Chime® has won the hearts of many travelers looking for a US-based financial partner.

Services and Features

  • No-fee checking and savings accounts
  • Fee-free ATM access at over 60,000 locations
  • Debit card with contactless payments and ATM withdrawals
  • Mobile app with intuitive budgeting tools and real-time notifications
  • Instant peer-to-peer payments through the Pay Friends feature
  • Automatic savings features, like round-ups and saving percentages
  • SpotMe® feature to cover small overdrafts without fees (subject to eligibility*)

Pros and cons:

Pros
  • No monthly fees, minimum balance requirements, or overdraft fees
  • No unreasonable fees
  • User-friendly mobile app with budgeting tools
  • Instant, fee-free transactions with other Chime® users
  • Helpful automatic savings features
Cons
  • Limited to US residents
  • No physical branches
  • No multi-currency support
  • No investment options or credit card offerings

Bank Accounts Available

  • Chime® Checking Account – Free

* Disclosure: Chime® is a financial technology company, not a bank. Banking services and debit card provided by The Bancorp Bank N.A. or Stride Bank, N.A.; Members FDIC. The secured Credit Builder card is issued by Stride Bank, N.A.

* SpotMe® is an optional, no-fee service. Limits and eligibility are determined by Chime®. It does not offer overdraft protection.

5. Charles Schwab

Best US Bank for Travel Perks

homepage of charles swab, a bank for US digital nomads

Charles Schwab has long been a trusted ally for US-based digital nomads and remote workers who value a comprehensive banking experience. With its robust financial services and commitment to customer satisfaction, Charles Schwab delivers a seamless banking solution for those living and working around the globe.

Services and Features

  • High Yield Investor Checking account with no monthly fees or minimum balance requirements
  • Unlimited ATM fee rebates worldwide
  • Debit card with contactless payments and global ATM access
  • Full-service brokerage services and investment options
  • Mobile app and online platform for easy account management
  • 24/7 customer support and financial advisory services
  • FDIC-insured accounts for added security

Pros and cons:

Pros
  • No monthly fees or minimum balance requirements
  • Unlimited global ATM fee rebates
  • Comprehensive investment services and financial advisory
  • Excellent customer support, including 24/7 phone assistance
  • User-friendly mobile app and online platform
Cons
  • Limited to US residents and citizens
  • No multi-currency support
  • Account opening process may require more documentation
  • Not a dedicated digital banking platform

Bank Accounts Available

Schwab Bank Investor Checking™ Account – Free

6. CapitalOne 360

Best US Bank for Budgeting

homepage of capitalone 360, a bank for US digital nomads

CapitalOne 360 is a fantastic banking buddy for US-based digital nomads and remote workers who appreciate an all-in-one solution for their financial needs. Combining convenience, flexibility, and a suite of modern banking tools, CapitalOne 360 takes the hassle out of handling your money, no matter where your travels take you.

Services and Features

  • Fee-free checking and savings accounts with competitive interest rates
  • Over 70,000 fee-free ATMs worldwide
  • Debit card for contactless payments and global ATM access
  • Credit card options with travel rewards and cashback
  • Mobile app and online platform for easy account management
  • Zelle integration for quick, secure money transfers
  • FDIC-insured accounts for peace of mind

Pros and cons:

Pros
  • No monthly fees or minimum balance requirements
  • Unlimited global ATM fee rebates
  • Comprehensive investment services and financial advisory
  • Excellent customer support, including 24/7 phone assistance
  • User-friendly mobile app and online platform
Cons
  • Limited to US residents and citizens
  • No multi-currency support
  • Account opening process may require more documentation
  • Not a dedicated digital banking platform

Bank Accounts Available

CapitalOne Checking Account – Free


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Best UK Banks for Digital Nomads

Here is our list of top banks that cater excellently to the needs of digital nomads who are instead residents of the United Kingdom.

7. Monzo

Best Fully-Licensed Neobank for EU Residents

homepage of Monzo, a bank for UK digital nomads

Monzo is a vibrant, digital-first bank that has quickly become a go-to choice for digital nomads and remote workers in the UK. With its striking coral-colored card and the app loaded with handy features, Monzo is all about making banking enjoyable, transparent, and stress-free for globe-trotting professionals.

Services and Features

  • No-fee UK current accounts with a contactless debit card
  • Instant notifications and real-time balance updates
  • In-app budgeting tools and spending categories
  • Fee-free international ATM withdrawals (up to £200 per month)
  • 0% foreign transaction fees on card payments
  • Pots feature for effortless savings and bill management
  • Split bill features to split expenses with other Monzo users
  • Integration with Apple Pay, Google Pay, and Samsung Pay

Pros and cons:

Pros
  • No monthly fees or minimum balance requirements
  • Extensive fee-free ATM network
  • Comprehensive banking services, including credit card options
  • User-friendly mobile app and online platform
  • Competitive interest rates on savings accounts
Cons
  • Limited to US residents
  • No multi-currency support
  • International transaction fees may apply
  • No dedicated financial advisory services

Bank Accounts Available

Monzo Current Account – Free

  • Monzo Plus – £5/month
  • Monzo Premium – £15/month
  • Monzo Business Lite – Free
  • Monzo Business Pro – £5/month
  • Monzo for 16-17 year olds – Free
  • Monzo Join Account – Free

8. Starling

Best UK Bank for Seamless Integration

homeepage of starling, a bank for UK digital nomads

Starling Bank is a trailblazing, mobile-only challenger bank that has carved out a niche for itself among digital nomads and remote workers in the UK. With its focus on simplicity, transparency, and user experience, Starling offers a fresh and innovative approach to banking for those embracing the remote lifestyle.

Services and Features

  • Fee-free UK current accounts with a contactless Mastercard debit card
  • Instant notifications and real-time balance updates
  • In-app budgeting tools and spending insights
  • Unlimited fee-free international ATM withdrawals
  • 0% foreign transaction fees on card payments
  • 'Spaces' feature for easy savings and financial goal tracking
  • Integration with Apple Pay, Google Pay, and Samsung Pay

Pros and cons:

Pros
  • No monthly fees or minimum balance requirements
  • User-friendly app with excellent budgeting tools
  • Unlimited fee-free international ATM withdrawals
  • No foreign transaction fees on card payments
  • Seamless integration with popular mobile wallets
Cons
  • Limited to UK residents
  • No dedicated savings accounts or investment options
  • No multi-currency accounts or international wire transfers
  • Not compatible with all UK direct debits and standing orders

Bank Accounts Available

Starling Personal – Free

  • Starling Business – Free

Best Banks for European Digital Nomads

Finally, this is our list of top banks that we think would fit perfectly to the needs of digital nomads that are residents of the European Union (EU).

9. Monese

Best European Bank for Instant Account Opening

homepage of monese, a bank for EU digital nomads

Monese is a dynamic UK-based mobile banking solution that breaks down barriers for digital nomads and remote workers across Europe. With its commitment to easy account opening and borderless banking, Monese is a fantastic ally for those needing a financial companion to keep up with their fast-paced, location-independent lifestyle. They don't require a local address to be opened, which is a big advantage for digital nomads who sometimes don't have a fixed base.

Services and Features

  • Fast and easy account opening without a local address
  • UK and European IBANs for seamless international transactions
  • Contactless Mastercard debit card
  • Multi-currency accounts with competitive exchange rates
  • Fee-free ATM withdrawals and card payments in selected currencies
  • In-app budgeting tools and real-time notifications
  • Integration with Apple Pay and Google Pay

Pros and cons:

Pros
  • Quick account opening process with no local address required
  • Supports multiple currencies with competitive exchange rates
  • User-friendly app with excellent budgeting tools
  • Seamless integration with popular mobile wallets
  • Responsive customer support via chat and email
Cons
  • Not available in all European countries
  • Monthly fees for certain account plans
  • ATM withdrawal and card payment fees may apply depending on account type
  • No dedicated savings accounts or investment options

Bank Accounts Available

Monese Simple – Free

  • Monese Classic – €5,95/month
  • Monese Premium – €14.95/month
  • Monese Business – £9.95

10. N26

Best Fully-Licensed Neobank for EU Residents

homepage of N26, a bank for EU digital nomads

N26 is a sleek, digital-first bank that has won over the hearts of digital nomads and remote workers across Europe and beyond. With its minimalist design and focus on seamless, frictionless banking, N26 has become a trusted financial partner for European digital nomads seeking a modern banking experience that aligns with their borderless lifestyle.

Services and Features

  • Streamlined account opening process
  • Fee-free basic account with a contactless Mastercard debit card
  • Multi-currency accounts with real-time exchange rates
  • Fee-free ATM withdrawals in Euros
  • In-app budgeting tools and spending analytics
  • Integration with Apple Pay, Google Pay, and other mobile wallets
  • Dedicated Spaces for easy savings and financial goal tracking
  • Your money is protected up to €100,000

Pros and cons:

Pros
  • User-friendly app with a clean, minimalist design
  • Easy account opening process for residents in supported countries
  • No monthly fees or minimum balance requirements for the basic account
  • Fee-free ATM withdrawals in Euros
  • Seamless integration with popular mobile wallets
Cons
  • Limited availability outside of Europe
  • Fees apply for ATM withdrawals in non-Euro currencies
  • No dedicated savings accounts or investment options
  • Customer support may be slower compared to other digital banks
  • Foreign transaction fees may apply depending on account type

Bank Accounts Available

  • N26 Standard – Free
  • N26 Smart – €4.90/month
  • N26 You – €9.90/month
  • N26 Metal – €16.90/month

They charge the same prices for both personal and business accounts.

Best Banks for Canadian Digital Nomads

Here is our list of top banks that cater excellently to the needs of digital nomads who are based in Canada.

11. Scotiabank

Best Canadian Bank for No Foreign Transaction Fees

Scotiabank, one of Canada's leading financial institutions, offers a comprehensive range of banking services. The bank's Passport Visa Infinite Card is particularly appealing to digital nomads due to its no foreign transaction fees feature.

Services and Features

  • Range of financial services including chequing and savings accounts, credit cards, and investment options
  • Passport Visa Infinite Card offering no foreign transaction fees
  • Mobile app and online platform for easy account management
  • 24/7 customer support
  • CDIC-insured accounts for added security

Pros and cons:

Pros
  • No foreign transaction fees on their Passport Visa Infinite Card
  • Wide range of financial services
  • Large international presence
Cons
  • The Passport Visa Infinite Card has an annual fee
  • General account fees can be higher than some online-only banks

Bank Accounts Available

  • Scotiabank Passport® Visa Infinite Card – 150 CAD/year

12. Tangerine

Best Online Bank in Canada for Low-Fee Structure

Tangerine is an online bank offering no-fee daily banking, making it a good option for digital nomads looking for easy online access and a low-fee structure.

Services and Features

  • No-fee daily banking, savings accounts, credit cards, and investment options
  • Mobile app and online platform for easy account management
  • 24/7 customer support
  • CDIC-insured accounts for added security

Pros and cons:

Pros
  • No-fee daily banking
  • Easy online access
  • Range of financial services
Cons
  • Charges foreign transaction fees which could add up for nomads
  • Being an online-only bank, in-person services are limited

Bank Accounts Available

  • No-Fee Daily Chequing Account – Free

Best Banks for Australian Digital Nomads

Here is our list of top banks that cater excellently to the needs of digital nomads who are based in Australia.

13. Citibank

Best Australian Bank for Free International Services

Citibank Australia's Plus account is a standout for digital nomads, offering no monthly fees, free international money transfers, and free international ATM withdrawals.

Services and Features

  • Plus account offering no monthly fees, free international money transfers, and free international ATM withdrawals
  • Mobile app and online platform for easy account management
  • 24/7 customer support
  • Accounts are protected by the Australian Government guarantee

Pros and cons:

Pros
  • No monthly fees on the Plus account
  • Free international money transfers
  • Free international ATM withdrawals
Cons
  • While the Plus account has many benefits, other accounts and services at Citibank may come with higher fees
  • Customer service ratings for Citibank are mixed

Bank Accounts Available

  • Citibank Plus Account – Free

14. ING

Best Australian Bank for Rebates on International Fees

ING's Orange Everyday account stands out for digital nomads, offering to rebate all international ATM fees and foreign transaction fees if you meet certain conditions.

Services and Features

  • Orange Everyday account offers potential for no international ATM fees or foreign transaction fees
  • 100% rebate on any ING International Transaction fees charged on transactions made in the month
  • 1% cashback on eligible gas, electricity and water bill payments made from your Orange Everyday account using BPAY or Direct Debit
  • Mobile app and online platform for easy account management
  • 24/7 customer support
  • Accounts are protected by the Australian Government guarantee

Bank Accounts Available

Pros and cons:

Pros
  • Potential for no international ATM fees or foreign transaction fees
  • 1% cashback on utility bills
  • Easy online access
Cons
  • The rebates on international fees are conditional, so you'll need to ensure you meet these conditions each month

Bank Accounts Available

  • ING's Orange Everyday – Free

You may also be interested in:

How To Budget as a Digital Nomad: The Ultimate Guide
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Choosing The Best Bank for Digital Nomads: Key Factors to Consider

As a digital nomad, you're always on the go, so you need a bank that understands your unique lifestyle. Here's what you should look for when choosing a digital nomad bank account, that has your back while you're exploring the world:

Low or no fees

Traveling across borders and dealing with multiple currencies and atm fees can be costly. That's why you should find a bank that keeps fees to a minimum, or, better yet, doesn't charge them at all. Your budget will thank you!

Global accessibility

When you're always on the move, it's essential to have a bank that's accessible from anywhere. Look for one with a broad network of ATMs, partner institutions, and user-friendly online and mobile banking services. That way, you can manage your money no matter where your adventures take you.

Multi-currency accounts

Juggling different currencies can be a headache. To keep things simple, opt for a bank that offers multi-currency accounts and competitive exchange rates. This will save you time and money when dealing with various currencies.

International wire transfers

You may need to transfer or receive money from different countries as a digital nomad. Ensure your bank offers international wire transfers with reasonable fees and quick processing times.

Customer support

Sometimes, you just need a helping hand. Choose a bank with friendly and knowledgeable customer support that's available when you need them. They'll be your financial guardian angels while you're exploring new destinations.

Travel perks and rewards

Who doesn't love a good perk? Look for banks offering travel-related benefits, like travel insurance, airport lounge access, or discounts on accommodations and transportation. These little extras can make your trips even more enjoyable and budget-friendly.

Security

Since you'll rely on online banking, finding a bank that takes security seriously is crucial. To keep your hard-earned money safe, look for banks with strong security features, such as two-factor authentication, account monitoring, and real-time transaction alerts.

So, What's the Best Digital Nomad Bank?

After exploring the ins and outs of these fantastic digital nomad banks, it's clear that there's no one-size-fits-all solution. The best digital nomad bank for you will depend on your unique needs, travel habits, and financial priorities.

If you're looking for the best overall experience, Revolut is a solid choice with its wide range of features, competitive exchange rates, and global accessibility. Wise is a game-changer for those who frequently deal with multiple currencies, offering an excellent multi-currency account with low fees.

Freelancers and entrepreneurs might find Payoneer's focus on international business and invoicing particularly appealing, while those seeking a U.S.-based solution with excellent travel perks should consider Charles Schwab or Chime. UK digital nomads have fantastic options in Monzo and Starling Bank, both of which offer user-friendly apps and fee-free spending abroad.

For European digital nomads, N26 and Monese stand out as top choices with their easy bank account opening processes and support for multiple currencies.

Ultimately, it's essential to assess your banking needs and preferences carefully before making a decision. Consider the factors that matter most to you, such as fees, currency support, ATM access, and customer service. Use this information to choose the best digital bank that best aligns with your nomad lifestyle and happy banking!

Ready To Start Saving Money With Your New Digital Nomad Bank Account?

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