9 Best Banks For Digital Nomads In 2026

Traditional banks are killing the digital nomad lifestyle.

Why?

You’re working remotely from Bali, taking meetings from a cafe in Barcelona or getting client work done from a coworking space in Mexico City. The digital nomad lifestyle is fun, but it’s also full on.

The last thing you need is to have your card blocked while paying for your coffee because of a “suspicious location”. And then spending hours on the phone asking them to unblock it while they fluff around.

And that’s just the beginning…

Traditional banks-

• Charge you $3-$5 to withdraw from an ATM
• Hit you with a 3% foreign exchange fee on every purchase
• Force you to visit a local branch to verify everything

Sound familiar?

Here’s the good news:

There are banks and financial services designed with digital nomads in mind. Since 2018, we’ve been testing different banks and fintechs while traveling full-time across multiple countries.

In this post, I am going to walk you through the 9 best banks for digital nomads we’ve found, how you can save thousands per year on transfer fees and get an account that actually supports your lifestyle.

Quick Answer: Top Banks For Nomads

Looking for the best digital nomad bank? Here are our top picks:

• Revolut: Best overall for multiple currencies and everyday spending
• Wise: Best for international transfers and local bank accounts
• N26: Best for EU residents with premium travel perks
• Charles Schwab: Best traditional US bank with unlimited ATM rebates

Most digital nomads use 2-3 banks together. We personally use Revolut for daily spending, Wise for international transfers, and a traditional bank for savings.

This offers the most protection, cost savings and convenience while you travel.

The Digital Nomad Banking Problem

Banks have been around since 1800 BC.

And if we’re honest, It sometimes feels like they haven’t changed all that much.

The problem today for digital nomads is that banks are primarily designed for people who live in one location. People who have the same street address and the same bills to pay each month.

The best banks for nomads need to be flexible and handle lots of tasks. Your average traditional bank just isn’t going to cut it.

And that’s just the beginning…

As soon as you start moving or spending money around the world, the bank is there to get their fee. Banks charge a fee to:

• Exchange currency
• Make international transactions
• Withdraw money from an ATM

And don’t forget the foreign exchange commission they whack on top of that.

For people on the move all the time, traditional banks are hard to work with and can end up costing you a fortune in fees. That’s why we need good banking for digital nomads.

Top 4 Digital Nomad Bank Account Comparison

Use this table as a guide to help you compare the top 4 bank accounts for digital nomads:

	Revolut (Best overall)	Wise (Best for transfers)	N26 (Best for EU nomads)	Charles Schwab (Best traditional)
Best for	All-in-one travel + spending	International transfers + multi-currency	EU residents wanting a local digital banking solution	US nomads wanting a classic bank
Who can open	Residents of supported countries (US, UK, EEA, etc.)	Broad availability (varies by country)	EU residents only (plus a few others like CH)	Mainly US residents
Monthly fee (base)	Free plan available	No monthly fee	Free plan available	No monthly fee
FX on card spend	Interbank rates, 1% markup on weekends (Standard)	Mid-market rate + small transparent fee	No FX fee on card payments	No FX fee
International transfers	Good, not the cheapest	Best-in-class, very low cost	Basic (not its strength)	Not optimized (wires/ACH)
ATM withdrawals abroad	Limited free, then fees (plan-dependent)	2 free/month up to limit, then low fees	Go/Metal: free, Standard: 1.7%	Unlimited ATM fee rebates worldwide
Key drawback	Weekend FX markup + plan complexity	ATM limits; not a full “bank” in some countries	Weak for cheap international transfers	Weak for cheap intl transfers

Here’s the key takeaway:

Revolut – Most versatile single app for travel and daily spending.

Wise – Best choice if moving money between countries often.

N26 – Best digital bank if you live in the EU.

Charles Schwab – Best traditional bank for travelers (ATM rebates + no FX fee).

One thing to know…

Companies like Revolut and Wise aren’t actually classified as “banks”. While they operate like them in many ways, they’re actually classified as financial technology services. I am using the word “bank” just for simplicity.

With that in mind, let’s get into the details!

1. Revolut

Revolut is the definition of digital banking from an app.

It’s also my favorite bank for digital nomads and has over 140 million users worldwide.

Revolut makes it easy to add money to your account and spend money in over 140 currencies at the real international exchange rate. You can hold and make direct deposits in over 25+ currencies.

Revolut even allows you to follow the trend line of a currency so you know when it’s a good time to exchange.

The app is really good and you can easily manage your entire account from your phone. The user interface feels a little complicated at the beginning but once you get used to it you realize how good it is.

One thing I love about Revolut is the savings vaults.

The vaults are like individual accounts in which you can save money. It makes it easy to save and manage your money. You can even add round-ups into your vaults to save money on auto-pilot.

Revolut also has excellent security. You have 5 different security options on your cards, including location security, which is an awesome feature for digital nomads.

If you keep a digital nomad budget, Revolut has budgeting and analytics built into the apps so you can easily track your spending month to month.

Revolut has 3 plans:

• Revolut Standard – Free
• Revolut Premium – $9.99/month
• Revolut Metal – $16.99/month

The paid plans offer more perks including discounted lounge access, cashback, priority customer support and travel insurance.

I personally have the Metal plan and recommend it if you use the card for your everyday purchases. The cashback alone can easily cover the monthly fee.

Revolut Pros:

• Foreign exchange rate at the real rate
• Hold money in 25+ different currencies in the same account
• Free virtual debit cards and crypto trading
• Includes good travel insurance in most countries
• Complete control over account security
• Good variety of paid account plans
• Instantly send money to friends with a Revolut account

Revolut Cons:

• Support takes a long time unless you have paid plans
• Can have issues with verifying large payments
• Account verification can be long for some people
• The app takes a little while to get used to

Revolut is available in Australia, EEA, Canada, Singapore, Japan, the United States and more

Want to learn more about Revolut? Check out my complete Revolut review. It covers everything you need to know.

2. Wise

Wise is one of the most popular and best banks for digital nomads.

It was one of the first to break the international market and make strategic deals with big traditional banks to operate in almost any country.

Wise has over 14.6 million users and handles more than $16 billion in international transactions every single month. They are considered one of the most reliable banks for digital nomads.

All transactions are offered at the real international exchange rate and Wise has some of the lowest currency conversion fees available.

Because their user base has grown so quickly, they are considered a big competitor to PayPal – and I agree!

You can use your Wise card in more than 170 countries and withdraw money from 2.3 million ATMs worldwide. Wise offers free cash withdrawals of up to $250 USD per month. The card is Apple Pay and Google Pay compatible.

You can also hold money in 48 currencies and even schedule exchanges when currencies drop to a certain level.

Want a local bank account?

Wise gives you the option to have a local bank account in 10 countries/regions, including the US, Europe, the UK, Australia and Singapore. This means you can receive direct payment in any of those currencies.

It really is an international bank designed for full-time travelers.

Wise is entirely free to open an account and they don’t offer any paid premium accounts.

Wise Pros:

• Hold money in 48 different currencies in one account
• Get local bank account details for 21 different currencies including the US, Europe, UK, Australia and Singapore
• Fast direct deposits to most countries in the world
• Track international transfer every step of the way
• Easily request money from other people and receive it in a local currency

Wise Cons:

• When you hit a specific transfer limit Wise will require more documentation
• Support can be slower at times and they don’t offer live chat

Wise is available in 170 countries, but multi-currency cards are limited to the US, Europe, UK, Australia, New Zealand, Japan, Singapore and more.

Wise also offers borderless business accounts which I recommend using to run your business. We have a couple and they are great!

Interested in learning more about Wise? Check out our complete Wise Review.

3. N26

N26 is one of the most popular banks for digital nomads in Europe.

It is a German-based fintech company offering excellent services for full-time travelers and digital nomads who make many everyday transactions in foreign countries. N26’s biggest competitor is Revolut.

You can open an account in less than 8 minutes and manage your money directly from their app.

N26 also gives you deposit protection up to €100,000 with zero deposit fees.

With N26 you can create “spaces” that operate similarly to the vaults in Revolut. One of the things that make N26 great is its simplicity. It’s easy to spend money, transfer to different accounts and navigate the app in general.

Traveling to countries where you need physical cash?

N26 doesn’t offer free withdrawals at ATMs worldwide unless you have their You or Metal account. You will have to pay 1.7% every time, which quickly adds up.

Security and support are something N26 does really well.

They offer 24/7 live chat support within the app. Premium account holders also get access to 24/7 phone support. N26 operates with a full European banking license and German IBAN so your money is protected up to €100,000.

N26 offers 4 different accounts:

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

The You and Metal plans are no-brainers if you plan to use N26 as your primary checking account. They offer a ton more benefits including excellent travel insurance and unlimited free ATM withdrawals in any country.

N26 Pros:

• The foreign exchange rate is at the real rate
• Easy-to-use app to manage your entire account
• No international exchange fees
• Apple, Google Pay and Wise integration
• Free plan or a good variety of paid plans for premium users

N26 Cons:

• Can hold only one currency which is Euros
• Support is great but can be very slow

N26 is now only available to European citizens and residents. As of 18th of January 2022, they have pulled out of the United States.

N26 has great business bank accounts which offer flexibility. They are available to EU customers and are well worth it to help manage your money better.

4. Charles Schwab

Charles Schwab is an established bank that has been around for a long time.

They make the list of best banks for digital nomads because they are internationally friendly.

Their checking account doesn’t charge fees:

• No international transaction fees
• Unlimited ATM rebates
• No account service fees

They also don’t require a minimum to open a bank account!

Charles Schwab is ideal for long-term travelers who want a traditional established bank and don’t want to pay fees.

Unfortunately, it isn’t super easy to deposit money. You still need another bank account to transfer to your Charles Schwab account. Simply opening an account with any other digital nomad bank will solve this problem.

Charles Schwab internet banking is also really sensitive when you log in from overseas.

I recommend always using a good digital nomad VPN when accessing your accounts overseas. We use NordVPN because they are secure and offer good speeds.

If you are looking for a traditional bank to pair with a digital bank, Charles Schwab is a good option.

Charles Schwab Pros:

• No international transaction fees
• Unlimited ATM rebates
• No account service fees
• No minimum deposit is required to open an account
• Traditional banking services plus investment services
• Great customer service

Charles Schwab Cons:

• Need a good VPN to access account overseas
• Not super easy to deposit money and takes time

Charles Schwab is only available to US and Canadian citizens or residents at this time.

5. Chime

Chime is worth considering as one of your digital nomad banks if you are from the US.

They have over 11 million users and they grew by more than 3.5 million users last year.

They aren’t like the other digital nomad banks on this list. Chime doesn’t offer multiple accounts in multiple currencies and isn’t designed specifically for travelers.

Why are they on the list then?

They offer a lot of other benefits. The signup process is easy and your account should be activated within minutes. Chime is completely digital so you don’t need to worry about physical paperwork.

They also offer great support and charge no fees for any of their accounts.

You can use your Chime card while overseas and you won’t pay any international transaction fees. Chime also comes with a savings account which will get you 0.50% Annual Percentage Yield (APY).

While this isn’t amazing, it’s something most other digital nomad banks don’t offer.

But where Chime really shines is their Credit Builder account. Credit Builder is like a debit card that acts as a credit card. You can transfer the money onto your credit card and you can spend as much as you transferred.

Each transaction is then recorded like a credit transaction. How does this help?

If you are looking for a way to build your credit score or even get a credit score, Chime’s Credit Builder is a great way to do it. You can use it for your everyday purchases and you don’t get hit with international transaction fees.

It’s a safe and easy way to increase your credit score if you can’t apply for a good digital nomad credit card yet.

Chime Pros:

• Great lineup of free account options
• Competitive savings APY for US banks
• Cool automated savings tool
• Receive direct deposits up to two days early
• A credit builder account is a fantastic way to increase your credit score

Chime Cons:

• Only hold money in USD
• Stricter spending limits on withdrawals and purchases than most banks

Chime is only available in the US at this time. If you want to join, use Ashley’s referral link (chime.com/r/ashleyelliott94) which will get you $100 when you sign up. Let us know if you have any questions and DM me on Insta.

6. Monzo

Monzo is one of the UK’s best banks for digital nomads and travelers.

They have a great app that is easy to use and you can control your entire financial life from it. It’s hassle-free to sign up and super easy to add money to your account.

Monzo allows you to create your own “pots” which are similar to Revolut vaults or N26 spaces. You can automatically round up spare change to go into a pot every time you make a transaction.

Like tracking your expenses?

Monzo automatically categorizes each of your transactions at the end of the month so you can see where you spend all of your money. If you are savings-focused, you can open a saving pot and earn up to 1.63% AER, which is quite a good rate for digital banks.

The Monzo Mastercard doesn’t charge any international transaction fees when spending abroad.

Monzo has a few other cool extra features over the digital nomad banks on the list….

You can add and view actual receipts in the app via Flux – not just your statements. Monzo then allows you to break down the receipt item by item.

Why is this so cool?

For you budgeting nerds, you can track the amount you spend on each item per month, not just spending categories. And if you split a bill with a friend you can move individual items into tabs and keep track of who owes you what.

Simply send your friends a notification of what they owe and include the receipt as well. Your friend just needs to hit one button on their Monzo app and the money is transferred instantly to your account.

Cool right?

I think this is a really awesome feature that uses the power of digital banks.

But there are a couple of downsides to Monzo that are worth pointing out. The biggest is that each foreign transaction goes off the Mastercard exchange rate.

This means you’re not getting the exact real exchange rate (like other digital nomad banks offer) and you’ll pay a little bit more per transaction.

Monzo offers a limited amount of free cash withdrawals overseas and charges 3% after that. You can’t pay for a more premium plan like you can with other digital banks to get more (or unlimited) ATM withdrawals.

ATM withdrawals are free and unlimited within the EU, so it’s not a huge deal if you’re predominantly in Europe.

Monzo Pros:

• Great lineup of free account options
• Cool features for budgeting and splitting payments
• Competitive savings and interest rates
• Pots are a great feature to save more

Monzo Cons:

• Only hold money in GBP
• £1 fee when depositing with PayPoint
• ATM withdrawal fees are expensive after the free amount
• No premium accounts to upgrade to

You can also only deposit and hold money in GBP. Monzo is only available in the UK and only offers free account plans.

7. Monese

For digital nomads from Europe, Monese is an up-and-coming bank worth checking out.

They haven’t been around as long as N26 or Revolut but offer unique features that make it a real competitor.

You can add GPB, EUR or RON to your Monese account and spend overseas at the real exchange rate.

One drawback is that they charge up to 2% transaction fees on the starter and essential plan. That’s a lot.

Adding money to Monese is also only free up to a certain amount if you don’t have the paid plans. This sucks if you spend more than the free top-up amount each month.

Monese allows you to direct deposit money in 19 different currencies which isn’t as many as other banks but is probably enough for most people.

One cool thing about Monese is you don’t need a physical EU or UK address to open an account. You need to “live” in the EU or UK but don’t need an address to sign up.

It’s super easy to add money to your account for free and depending on how you choose to add money it’s often instant.

Do you use PayPal?

You can integrate PayPal directly with Monese. That means you can spend money directly from your PayPal account using your Monese card. It’s a cool feature if you often receive or send money via PayPal.

Monese has 4 account plans:

• Starter – Free
• Essential – £1.95 /month
• Classic – £5.95 /month
• Premium – £14.95 /month

The premium plans give you higher free ATM withdrawal limits, low transaction fees, priority support and better insurance.

Monese Pros:

• Enjoy a UK bank account without proof of residence or credit history
• Set up joint accounts for you and a partner
• Great integration with PayPal
• Classic and premium plans offer good benefits

Monese Cons:

• Monthly limits on ATM withdrawals, top-ups and spending
• Pretty bad customer support (not efficient or fast)
• Expensive international fees if you don’t have a paid account

Monese could be worth it but only if you want one of the higher-paid plans. The fees on the Starter and Essential plans are pretty bad. If you aren’t interested in paying for the classic or premium plan, it’s probably better to look at Wise or Revolut.

Monese is available in 20 countries in Europe, including the UK.

8. Capital One 360

Capital One 360 is a checking account from Capital One Bank available to US citizens and residents.

And it’s an excellent option for a few reasons.

They charge no monthly account fees and you can open an account right now with no deposit. The signup process is super smooth and can take less than 5 minutes – that’s rare for an established “traditional’ bank.

If you are constantly traveling back to the US, you get a few perks like free ATM withdrawals in the US and the CapitalOne cafes. Capital One cardholders get 50% off drinks at selected cafes (this alone would get me on board).

Capital One’s banking app is also one of the best I’ve seen from a traditional bank in the US. It’s easy to use and you can manage most day-to-day things on it.

Capital One has a really good digital nomad credit card called the Capital One Venture X card. You get 2 points for every $1 you spend and there are no international transaction fees.

Considering this card in the future? Opening an account with them now is a great thing to do.

Capital One 360 Pros:

• No monthly account fees
• Fast and smooth signup process
• Cool perks while in the US
• Great app to manage your account easily
• Receive payments up to 2 days early
• No foreign exchange fees

Capital One 360 Cons:

• Exchange rate is not at the real exchange rate
• Opt-in overdraft fees can be really high

Capital One 360 is only available in the US and is highly recommended if you want an established bank.

9. HSBC Global Money Account

Need a good traditional bank that’s digital nomad friendly?

HSBC is one of the most recognized international banks in the world. They also offer some great perks to digital nomad customers with their Global Money Account.

First of all, HSBC Is the definition of an international bank.

They have tons of locations in many major cities across Asia, Latin America, North America, Europe and more. They are known for having great customer service both online and physically in their branch locations.

Because HSBC has such a big global presence you can manually avoid ATM fees using their network of ATMs worldwide. This is a big bonus!

HSBC also allows you to exchange and hold money in 8 currencies including USD, EUR, CAD, GBP and AUD.

The thing you will need to watch is the fees. They have different fees depending on where you sign up. HSBC won’t charge fees on international transfers but they do charge fees when making transactions on your card. The international exchange rate isn’t the real rate, but it’s pretty good!

HSBC has a great app that makes it easy to manage your money overseas. Getting an HSBC account to go with a digital bank will give you the most benefits.

HSBC Pros:

• Large international bank
• Excellent customer support
• Lots of different accounts are available
• Complete network of ATMs worldwide

HSBC Cons:

• Fees can be high for international transactions
• Does charge monthly account fees on some accounts

HSBC is available in lots of different countries worldwide.

PayPal For When You Have To

I’m not a huge fan of PayPal because they also charge huge fees.

But the one thing I will say about them is that they are reliable and safe. That’s why so many people use PayPal around the world.

You can change and send money all over the world instantly. Sometimes that’s worth paying for.

I have a personal and business PayPal account, and I use them ONLY when I have no other option.

What Makes The Best Banks For Digital Nomads?

When choosing a digital nomad bank you need to think about your lifestyle.

Simply – what bank is going to make your life easiest?

Every digital nomad bank should:

• Be easy to sign up with
• Have low internal transaction fees
• Handle everything online
• Have 24/7 customer service

Here’s what I mean.

Easy To Sign Up With

Digital nomad banks need to be easy to sign up with. You don’t want to be dealing with tons of paperwork, and you certainly don’t want to have to visit a branch physically.

Digital nomad banks allow you to securely sign up online and it often takes less than 10 minutes!

Have No International Transaction Fees

I hate international transaction fees.

Every time I have to pay one – it makes my blood boil. In today’s world, you shouldn’t have to pay a 3-5% fee when buying a coffee in a foreign country.

The truth is that even neobanks have fees. But they don’t charge a dedicated transaction fee. They only charge a small amount (usually less than 0.5%) to exchange one currency into another currency.

As a digital nomad, you will be making lots of small transactions in foreign countries every day. You don’t want to pay fees on each of those transactions.

Handle Everything Online

I applied to open a checking account with a well-known bank in Australia last October.

At the time we were in Athens, Greece. I applied online using their online application form and everything went smoothly.

2 days later I got a response from their team saying they needed to verify my identity. To do that I either had to go into one of their branches or get it done at a local post office.

What happened when I told them I was overseas?

They simply told me I would have to wait until I was back. Compare that with Revolut or Wise where I opened both accounts online in less than 5 minutes without ever talking to anyone.

Even identity verification was done quickly online.

Your digital nomad bank needs to have the technology to handle anything online.

24/7 Customer Service

This can’t be ignored.

When traveling full-time as a digital nomad, things go wrong from time to time. You could say it comes with the digital nomad lifestyle.

The best banks for digital nomads provide live chat and call support 24 hours a day.

Your digital nomad bank should offer reliable customer support whenever you need it.

This is the benefit of digital banking.

Digital Nomad Banks vs Traditional Banks

I am not against traditional banks completely.

It’s still important that you have at least one bank account with a sizeable traditional banking organization. I have even recommended a few traditional banks for digital nomads below.

But I don’t think you should use a traditional bank for everyday transactions – especially when you are not in your home country.

The best banks for digital nomads are neobanks.

Neobanks are actually financial technology companies, so they aren’t really banks at all. They operate exclusively online and make it easier to do your everyday banking.

Because they don’t have huge overheads, they offer cheaper (or zero) fees and generally specialize in some particular area of finance. This is what makes them so good for digital nomads.

They are low hassle, more transparent with customers and provide services your traditional banks just can’t (or won’t).

Our Digital Nomad Banking Strategy

I don’t recommend that you go and open up an account with every one of the banks.

Why?

It’s just not necessary. Choose 2-3 that will make your life most manageable and sign up with them.

These are the banks that Ashley and I use for both our personal and business accounts.

Personal Banking

For personal digital banks, we use:

• Revolut
• Wise
• Chime

Wise is primarily for receiving and sending large sums of money internationally. We use both Revolut and Chime on a daily basis.

At this point, we use a bank in Australia as our main traditional bank. This bank holds our savings because they offer far better interest rates.

Business Banking

Business banking can be annoying.

Lots of banks think that they can ramp up the service and transaction fees because it’s a business account. As you now know, I hate paying fees.

For our business, we use a Wise bank account. This means we save a ton of money on international transactions such as paying for software charged in a foreign currency.

We also use one of the bigger traditional banks as our main business account in Australia. This holds most of the money we keep in the business. We transfer it from this account to the Wise business account whenever we need to pay something internationally.

Wrapping It Up

So there you have it.

The best banks for digital nomads.

As you can see, there are quite a few to choose from and they do make your life easier. The good news is that banks in general are starting to realize that allowing easy international banking is important.

I expect to see even more innovation in the near future, which will make digital nomad banking even easier – And of course less fees!

Which digital nomad banks do I recommend the most?

Revolut and Wise are the best banks for digital nomads.

I have accounts with both of them and between them pay very few international fees. For EU citizens or residents, N26 is also a very good option. They have excellent perks on their premium accounts such as insurance.

Did I miss one of your recommended best banks for digital nomads?

Let me know in the comments so I can check it out.

Frequently Asked Questions