Best Business Bank Accounts for Digital Nomads

If you’re a digital nomad entrepreneur then you know the struggle of finding a business bank account that suits a location-independent lifestyle.

While some traditional business accounts work for expats, neo-banks and online business bank accounts are best suited when it comes to the needs of digital nomads. Digital banking means, in fact, you can access your account from anywhere in the world, especially if they include multi-currency accounts for sending and receiving payments from multiple different countries.

And although some of the top business bank accounts on the list you'll see in this article are offered by fintech companies that aren’t technically banks, they offer all the perks of a regular bank, plus the added advantages of being easy to open from anywhere, lower fees and accounting app integrations (among other perks). So, let's dive into our top choices for digital nomad business accounts, starting from international ones and then focusing on more specific regional ones.

International Business Bank Accounts

An international business account lets you access banking services across several different countries. They basically give you a borderless business account with bank details as if you’ve opened a "real" local account.

Wise Business

Wise has been helping people with international money transfers since 2011. It also has to be the most user-friendly financial service for businesses on the market thanks to its great UX and super smooth app. Registering with Wise is 100% free and the business account lets you hold 40+ currencies, receive local (non-swift) payments, and integrate with accounting apps like Xero and Intuit.

Fees vary by country, but in the US you can get local bank details in 22 currencies (including USD, GBP, and EUR) for a one-time cost of $31. In certain countries, you also get a free physical debit card for spending on the go.

Revolut Business

Revolut is a UK-based fintech company that lets you spend in 150+ currencies and hold up to 34 including USD, EUR, GBP, CAD, and CHF in digital wallets. Their business account services are supported in 200 regions, plus they offer things like free virtual cards, metal cards, and expense management.

The free business account caps you at 25 currencies with paid tiers starting at $30/month with additional fees charged on receiving payments at 0.08% +$0.02 in-person and 1% + $0.20 online. It's our top recommendation for digital nomad business accounts in our list.

Payoneer

The best thing about Payoneer is that almost everyone can open an account. It’s been around since 2005, specifically targets digital B2B companies, and offers support in 22 languages - talk about international.

You can get bank account details for 9 major locations like the USA, UK, EU, Japan, and UAE and then withdraw your money in 190+ currencies. Direct payments in the UK and EU are free, but there’s a 1% fee on US transactions and up to 3.99% on credit card payments.

Airwallex

Airwallex is an Aussi fintech company that lets you open foreign currency accounts in 60+ countries, get paid from over 180, and make transfers to 150. The fee system is competitive and simple at 2.8% + $0.30 for domestic card payments and 4.3% +$0.30 for international cards with a 0.5% increase on the interbank exchange rate for most countries.

Airwallex also has some great free features like multi-currency company cards, bill paying, and app integrations with Shopify, Amazon, and Xero.

US Business Bank Accounts

There are loads of business bank accounts on the market in the US, but most don’t cater to the needs of digital nomads. Below are our picks for the best US business bank accounts for location-independent workers.

Bluevine

Bluevine isn’t technically a bank (although it’s covered by the FDIC up to $3 million) but still provides businesses with a checking account, credit line, and credit card. It’s great for digital nomads as you can send payments to 32 countries with 15 different currencies, although this does come with a $25 fee plus 1.5% for non-USD payments.

Bluevine works best for online small businesses that work internationally as the standard plan has no monthly or overdraft fees and up to 1.5% APY. Watch out, though, for the $4.95 fee for cash deposits.

Mercury

Mercury is made for VC-backed tech startups with more than $250,000 in deposits. It offers business checking accounts, corporate credit cards, and access to the Mercury Treasury for investing in lower-risk mutual funds.

A Mercury account has zero monthly or annual fees, QuickBooks and Xero integration, and free domestic and international USD wires. You can also pay bills and send invoices directly from the Mercury interface.

Novo

With no minimum balance, maintenance, and overdraft fees, Novo is a great option for small businesses. It has a bunch of useful tools for invoices and budgeting as well as integrations with QuickBooks, Wise, and Stripe, and with Novo funding, you can even get up to $10,000 to better manage cash flows.

One thing to note is that Novo is an online-only banking platform which means no physical locations or ATM network and complicated cash deposits that require a money order.

Relay

Relay is all about making banking simple for small businesses. It does everything you might need from a business account and more. We’re talking up to 20 individual checking accounts, and savings accounts with up to 3% APY and 1.5% cash back on credit cards. Relay’s app also stands out as you can use it to directly deposit cheques and scan receipts.

European Business Bank Accounts

Finding a business bank account that doesn’t just work throughout the eurozone, but is also user-friendly, affordable, and protects your money can be tricky, so we’re sharing our top EEA business bank accounts below.

Bunq

Bunq’s focus is giving its users as much freedom as possible, which aligns perfectly with the needs of digital nomad teams. With Bunq, you can open accounts in up to 22 currencies, enjoy 6 free ATM withdrawals per month anywhere in the world with their highest tier accounts, and have nice automation features from bookkeeping integrations and AutoVAT to quick invoice processing. The app’s dedicated travel assistant also stands out as it offers tipping information for every country and other travel insights curated by Bunq’s team which is made of digital nomads themselves.

There’s a freeplan (limited to freelancers and sole proprietors) but we think the “bunq Elite Business” at €23.99/month is best suited for digital nomad business owners as it includes global travel insurance and instant foreign exchange payments.

N26 Business

If you’re a freelancer in Europe in need of a business bank account then you have to check out N26. It has four different business accounts all designed for freelancers - in fact, you can’t even open an N26 account if you’re already a legal business entity.

You can open an account in literally eight minutes to access 100% mobile banking with no monthly fees and a free virtual card.

Monese Business

Monese is a UK-based bank that supports 14 European languages. For €7.95/month you get a debit card, six free ATM withdrawals per month, and free foreign currency transfers between Monese accounts.

We particularly like Monese for digital nomads because you can open multi-currency accounts and receive payments in up to 34 currencies.

Holvi

Holvi has business bank account options for both solopreneurs at €9/month and teams at €15/month. With Holvi Lite for solopreneurs, you get a virtual and physical debit card and real-time reports for profit/loss and VAT, or upgrade to Holvi Pro for invoicing, bookkeeping, and app integrations.

When it comes to international transfers, Holvi has it covered. Euro transfers are 100% free within SEPA countries and SWIFT transfers come with at a fixed rate of €6, regardless of the amount.

Qonto

What’s special about Qonto is its built-in finance tools that cover you from being a sole trader to a business of up to 250 people. Not only does Qonto help with invoices, expense management, and bookkeeping, but it also steps in when it comes to finding financing and automating accounting integrations.

Pricing starts at €9/month which includes a debit card, a business account with a German IBAN, and up to 30 SEPA transfers per month.

UK Business Bank Accounts

Online bank accounts have become more and more common in the UK making business bank services easier to access than ever before. This is our selection of business bank accounts that are more than just user-friendly, they’re digital nomad-approved.

Monzo Business

Monzo is a fully regulated UK bank that has all the traditional banking services with a bunch of bonus features like accepting payments via cheques, cash, in-person, online, and contactless.

With the free plan, you get a current account, instant UK bank transfers, and international payments in 40+ currencies and 70+ countries at the interbank rate. If you’re a sole trader you can also apply for loans and an overdraft straight from Monzo. The paid plans start at £9/month for invoicing, virtual cards, and tax pots, or £25/month to get team expense cards to track receipts and VAT.

Starling Bank Business

There’s a reason 500,000 businesses have already chosen to bank with Starling. It has no fees for UK transfers and card payments and setting up a business account is completely free.

What’s great for digital nomads is you can then add on international accounts like a Euro business account for £2/month or a US business account for £5/month. You can also opt into the business toolkit for £7/month which provides tax calculations and invoicing.

Tide

You can open a free business current account with Tide in a matter of minutes. On this plan, expense cards are £5/month, transfers cost £0.20/transaction, and you’ll pay 1.75% on foreign currency card transactions. Alternatively, you can have these fees waived by upgrading to the Smart business account for £12.49/month.

Tide also offers a savings account that integrates with your Tide business current account and pays out monthly interest at a 4.07% AER variable rate.

Asian Business Bank Accounts

Finance hubs like Singapore and Hong Kong are leading the Asian business banking market with competitive products and rates that make navigating Asia as a digital nomad business owner feel like a breeze.

Aspire

Based in Singapore, Aspire’s goal is to help global businesses…be global. You can send and receive 30+ currencies with unlimited local transfers for SGD, IDR, USD, EUR, and GBP. The business account gives you two admin accounts and 10 for employees with unlimited invoices, app integrations, and digital cards.

Statrys

Statrys is a fintech company that provides multi-currency accounts for Hong Kong-based businesses. There are zero maintenance fees and straightforward pricing such as HKD 5 for sending domestic payments in HKD and CNY, or HKD 25 for USD, AUD, INR, EUR, GBP, SGD, IDR, and PHP.

You can hold up to 11 currencies with Satrys although receiving international payments is HKD 60 and sending is HKD 80.

INFT

IN Financial Technologies is a Singaporean digital finance company that aims to provide business banking services to SMEs in Southeast Asia. It's free to open a multi-currency account that can hold up to 8 currencies and send money in 40+.

Uniquely, INFT also offers business financing to help better manage cash flow. You can apply for a business cashline of up to SGD 150,000 or explore their Crowd Funding feature which connects entrepreneurs and investors for up to SGD 500,000 in funding.

Ready to open your digital nomad business bank account?

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