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Digital nomads need a bank that keeps up with their lifestyle—one that offers low or no fees, global access, and strong online banking tools. Whether you’re freelancing from Bali, working remotely in Spain, or traveling between countries, the right bank can make managing your money seamless.
Key features like fee-free international transactions, multicurrency support, and worldwide ATM access can save you time and money. Below, we’ve rounded up the 12 best banks for digital nomads in 2025 based on their benefits, drawbacks, and who they’re best suited for.
12 Best Banks for Digital Nomads
Without further ado, here’s our lineup of the best bank accounts for digital nomads.
SoFi is a strong choice for digital nomads looking for a fee-free banking experience with high interest rates on savings.
The SoFi Checking and Savings account has no foreign transaction fees, making it ideal for international spending. With early direct deposit and access to a large ATM network, SoFi ensures that you can manage your finances seamlessly while on the move.
Key Features
High APY: Earn up to 3.80% APY on savings and 0.50% APY on checking (with direct deposit).
Zero fees: No account fees, overdraft fees, or foreign transaction fees.
ATM access: 55,000+ fee-free ATMs worldwide via the Allpoint network.
Early direct deposit: Get paid up to 2 days early when setting up direct deposit.
Sign-up bonus: Earn up to $300 with qualifying direct deposits.
Drawbacks
No international bank branches – No physical locations outside the U.S.
Requires U.S. residency – You must have a U.S. mailing address and SSN to open an account.
Limited cash deposits – Depositing cash is only available through third-party services (may incur fees).
Who Should Choose SoFi?
U.S.-based digital nomads who don’t need in-person banking and want to maximize savings with a high APY.
Freelancers & remote workers looking for a fee-free banking option with early direct deposit.
Frequent travelers who want to earn a competitive interest rate on their savings while accessing cash easily worldwide.
Chime is a fintech company that makes managing money on the go easier for digital nomads through its mobile-first platform.
The Chime Checking Account and Chime High Yield Savings Account come with no foreign transaction fees. Chime also provides fee-free access to a large ATM network, making cash withdrawals easier while abroad.
Key Features
Zero fees: No monthly fees, overdraft fees, or foreign transaction fees.
ATM access: Free cash withdrawals at over 60,000 ATMs worldwide.
Automatic savings: Round-up feature helps users save effortlessly.
Instant transaction alerts: Get real-time notifications on account activity.
Early direct deposit: Receive payments up to 2 days early with direct deposit.
Drawbacks
No international bank branches – Entirely app-based with no physical locations.
Limited cash deposits – Cash can only be deposited through select retailers for a fee.
U.S. only – Requires a U.S. address and SSN to apply.
Who Should Choose Chime?
Digital nomads who want a mobile-first banking solution with no monthly fees.
Travelers who want to avoid account fees and access a large ATM network.
Remote workers looking for early direct deposit and automated savings features.
Capital One offers a solid banking option for digital nomads with its Capital One 360 Checking account. This online-focused account eliminates foreign transaction fees, making it ideal for travelers who frequently make purchases abroad.
With no monthly maintenance fees and a large ATM network, Capital One provides a seamless banking experience for those who don’t need in-person branch access.
Key Features
Zero fees: No monthly fees, overdraft fees, or foreign transaction fees.
Worldwide ATM withdrawals: 70,000+ fee-free ATMs in the U.S. and abroad.
Mobile banking: Full-featured app with bill pay, transfers, and mobile check deposits.
Overdraft protection: No-fee overdraft options for eligible accounts.
No minimum balance: Open and maintain an account without a required deposit.
Drawbacks
No international bank branches – Primarily a U.S.-focused bank.
Requires U.S. residency – Must have a U.S. mailing address and SSN to open an online bank account.
Limited cash deposit options – Cash can only be deposited at select ATMs or partner locations.
Who Should Choose Capital One?
Digital nomads who want a fee-free checking account with no foreign transaction charges.
U.S.-based travelers who need access to a large ATM network at home and abroad.
Remote workers who want mobile app accessibility with strong security and overdraft protection.
Revolut is a digital banking platform designed for international travelers, making it a strong choice for digital nomads.
Its multicurrency account allows users to hold and exchange over 30 currencies with competitive exchange rates, making it ideal for those who frequently move between countries.
With a range of account tiers, including free and premium options, Revolut offers flexible features tailored to different financial needs.
Key Features
Multicurrency support: Hold, exchange, and spend in over 30 currencies at interbank rates.
Zero foreign transaction fees: Spend abroad without extra charges (limits may apply based on plan).
ATM access: Free withdrawals up to a set limit, depending on your account tier.
Budgeting & analytics: Track spending and set savings goals with the app’s financial tools.
Premium perks: Higher-tier accounts offer benefits like travel insurance and airport lounge access.
Drawbacks
Free ATM withdrawals are limited – After a set amount, withdrawal fees apply.
No physical branches – Entirely online with no in-person customer service.
Premium features require a subscription – Higher-tier accounts come with monthly fees.
Who Should Choose Revolut?
Digital nomads who need a multicurrency account with real exchange rates.
Travelers looking for an app-based bank with budgeting and financial tracking tools.
Remote workers who want travel perks like insurance and lounge access with premium plans.
Wise is an excellent choice for digital nomads who get paid in multiple currencies or frequently send and receive international payments.
Unlike traditional banks, Wise offers a multicurrency account that allows users to hold and convert money at real exchange rates with low, transparent fees.
It’s ideal for freelancers, remote workers, and global travelers who need a banking solution that minimizes currency exchange costs.
Key Features
Multicurrency account: Hold and convert money in over 40 currencies at real exchange rates.
Low-cost international transfers: Send money abroad with transparent, competitive fees.
Borderless debit card: Spend in multiple currencies without hidden fees, and use it with Google Pay or Apple Pay for contactless payments.
Local bank details: Get account details in multiple countries to receive payments like a local.
Seamless integrations: Works with platforms like Stripe, Amazon Payments, and PayPal.
Drawbacks
No physical branches – Entirely online with no in-person banking support.
No traditional banking services – Does not offer loans, credit cards, or full-service checking accounts.
ATM withdrawals are limited – Free withdrawals up to a set amount, then fees apply.
Who Should Choose Wise?
Digital nomads who receive payments in multiple currencies and need local bank details.
Freelancers and remote workers who want low-cost international transfers.
Travelers looking for a borderless debit card with real exchange rates.
Chase is a strong banking option for digital nomads who want a well-established bank with global recognition. Its credit and debit cards come with no foreign transaction fees, making it a great choice for frequent travelers.
Chase also provides a robust mobile banking app and 24/7 customer service, ensuring reliable account access no matter where you are.
Key Features
No foreign transaction fees: Certain Chase credit and debit cards allow fee-free international spending.
Global ATM network: Access to ATMs worldwide, though fees may apply outside the Chase network.
Mobile manking: Easily manage accounts, pay bills, and send international wire transfers.
Chase Sapphire credit cards: Premium travel cards with rewards, lounge access, and travel insurance.
24/7 customer support: Get assistance anytime, which is helpful when banking across time zones.
Drawbacks
ATM fees may apply – Chase does not reimburse out-of-network ATM withdrawals abroad.
No multicurrency account – Accounts are in USD only, requiring conversion fees for foreign currencies.
Requires a U.S. address – Must have a U.S. mailing address and SSN to open a bank account.
Who Should Choose Chase?
Digital nomads who want a globally recognized bank with strong customer service.
Travelers who rely on premium credit cards like Chase Sapphire for rewards and travel perks.
Remote workers who need a traditional U.S. bank with mobile access and international wire transfer options.
HSBC is a top choice for digital nomads who need a truly international bank with a strong global presence. With branches in over 60 countries, HSBC makes it easy to manage finances across different regions.
Its HSBC Everyday Global Account allows users to hold multiple currencies and make fee-free foreign transactions, making it ideal for those frequently moving between countries.
Key Features
Multicurrency account: Hold and spend in up to 10 different currencies.
No foreign transaction fees: Spend abroad without extra charges.
Global ATM network: Withdraw cash from HSBC ATMs worldwide, often without fees.
24/7 customer support: Get help anytime, anywhere.
Strong international presence: Easy to open accounts in multiple countries.
Drawbacks
High balance requirements – Some premium accounts require a high minimum balance to avoid fees.
Fees for non-HSBC ATMs – Out-of-network ATM withdrawals may incur charges.
Varying service levels – Features and fees depend on the country where the account is opened.
Who Should Choose HSBC?
Digital nomads who want a multicurrency account with global banking access.
Frequent travelers who prefer a bank with physical branches worldwide.
Remote workers who may relocate and need the flexibility of opening accounts in different countries.
Citibank is a strong option for digital nomads who need a globally recognized bank with branches in multiple countries.
With a presence in over 160 countries, Citibank makes it easier to access banking services internationally. The Citibank Plus Account allows users to manage money in multiple currencies, making it a convenient choice for travelers and expats.
Key Features
Global banking network: Branches and ATMs in over 160 countries.
Multicurrency support: Hold and manage funds in multiple currencies.
No foreign transaction fees: Spend internationally without extra charges.
International money transfers: Send money abroad quickly and securely.
Mobile app: Manage accounts, transfer funds, and pay bills from anywhere.
Drawbacks
Minimum balance requirements – Some accounts require a balance to avoid fees.
ATM fees outside Citibank – Using non-Citibank ATMs may result in withdrawal fees.
Account availability varies – Some banking products and services are limited based on location.
Who Should Choose Citibank?
Digital nomads who need a globally recognized bank with international branches.
Travelers looking for fee-free foreign transactions and easy access to ATMs worldwide.
Expats and remote workers who need multicurrency account options and international transfers.
Monzo Monzo is an online-only bank based in the UK that has expanded its services to the U.S. It’s a solid option for digital nomads who prefer managing their finances through a mobile app with no hidden fees.
It offers fee-free foreign transactions, budgeting tools, and a user-friendly app that makes managing money easy while traveling. However, Monzo accounts are currently available only to residents of the U.K. and U.S.
Key Features
No foreign transaction fees: Spend abroad without extra charges.
ATM access: Free withdrawals up to a set limit, then fees apply.
Budgeting and savings tools: Track spending, categorize transactions, and set financial goals.
Instant notifications: Real-time alerts for transactions and account activity.
Mobile-only banking: Fully digital experience with no physical branches.
Drawbacks
Limited availability – Only available to residents of the U.K. and U.S.
ATM withdrawal limits – Free withdrawals are capped, with fees after exceeding the limit.
No international branches – Entirely app-based with no in-person support.
Who Should Choose Monzo?
Digital nomads based in the U.K. or U.S. who want a fee-free mobile banking experience.
Travelers looking for a user-friendly budgeting app with instant transaction notifications.
Remote workers who prefer fully digital banking with no monthly fees.
Bank of America is a well-established option for digital nomads who need access to a large global banking network. It has an extensive international ATM network and an impressive mobile app.
For frequent travelers, the Bank of America Travel Rewards credit card provides fee-free foreign transactions, making it a valuable addition to a checking account.
Key Features
Global ATM access: Withdraw cash from ATMs in over 35 countries.
No foreign transaction fees: Travel credit cards offer fee-free international purchases.
Mobile app: Manage accounts, deposit checks, and send transfers via the app.
Zelle integration: Send and receive money quickly within the U.S.
Wide branch network: Physical locations across the U.S. for in-person banking.
Drawbacks
ATM fees abroad – Charges may apply when using non-Bank of America ATMs overseas.
No multicurrency account – Accounts are in USD only, requiring conversion for foreign transactions.
Requires U.S. residency – Must have a U.S. mailing address and SSN to apply for an account.
Who Should Choose Bank of America?
Digital nomads who need a U.S. bank with a large ATM network and mobile banking services.
Travelers looking for credit cards with no foreign transaction fees.
Remote workers who want a traditional bank with in-person branch access in the U.S.
How to Choose the Best Bank as a Digital Nomad
Not all banks are designed for the digital nomad lifestyle. You need a bank that keeps fees low, offers easy access to your money worldwide, and makes managing your finances simple. Here are the key features to consider when choosing the best bank as a digital nomad.
Online Banking and Mobile App
Since you won’t always have access to physical branches, your bank should provide a seamless online and mobile banking experience. Look for:
User-friendly app: Allows mobile deposits, bill payments, and quick transfers.
Instant transaction notifications: Helps you track spending in real-time.
Card security features: Ability to lock or freeze your card if it’s lost or stolen.
ATM and Debit Card Access
Frequent ATM withdrawals can get expensive if your bank charges high fees. Consider:
Global ATM network: Look for banks that offer fee-free withdrawals at thousands of ATMs worldwide.
ATM fee reimbursements: Some banks, like Charles Schwab, refund ATM fees globally.
EMV chip and contactless payments: Many countries require EMV chip cards, and contactless payments are increasingly popular.
Foreign Transaction and Conversion Fees
These fees can add up fast when withdrawing cash or making purchases abroad. Keep in mind:
No foreign transaction fees: Some banks waive these fees, saving you money.
Multicurrency support: A bank that lets you hold multiple currencies can help you avoid unnecessary foreign exchange fees.
Multicurrency Support
Holding and spending in multiple currencies can simplify transactions while traveling. Look for:
Accounts that hold multiple currencies: Wise and Revolut allow you to store and convert dozens of currencies.
Real exchange rates: Some banks offer interbank exchange rates, while others add hidden markups.
Local bank details: Some online banks provide local bank details in different countries, making it easier to receive payments.
Security and Fraud Protection
When banking internationally, security is essential. Consider:
Two-factor authentication: Adds an extra layer of protection for account logins.
Fraud monitoring: A bank that alerts you to suspicious activity can prevent unauthorized transactions.
Emergency card replacement: Some banks offer expedited card replacements if yours is lost or stolen.
Customer Support
Issues can arise when banking abroad, so access to reliable customer support is crucial. Look for:
24/7 customer service: Banks with round-the-clock support ensure you get help anytime.
Live chat and phone support: Some banks only offer email support, which can be slow in urgent situations.
Multilingual support: If you travel across different regions, having multilingual assistance can be helpful.
Choosing the right bank as a digital nomad can save you money, simplify international transactions, and provide peace of mind. Prioritize the features that matter most based on your travel style and financial needs.
How to Open a Bank Account as a Digital Nomad
Opening a bank account as a digital nomad can be tricky, especially if you don’t have a permanent address. Some banks require proof of residency, while others cater specifically to expats and remote workers. Here’s what you need to know.
Requirements
Most banks require a few basic documents to open a bank account. These typically include:
Passport or government-issued ID: Used to verify your identity.
Proof of address: Some banks require a utility bill, lease agreement, or official document showing a local address.
Tax identification number (TIN): Depending on your nationality and the country where you’re opening an account, a tax ID may be required.
Proof of income or employment: Some banks ask for pay stubs, invoices, or proof of self-employment.
For online banks that cater to digital nomads, the process is often simpler, and residency requirements may not be as strict.
Residency Workarounds
If you don’t have a permanent address, there are several ways to meet bank requirements:
Use a virtual mailbox service: Services like Anytime Mailbox, Traveling Mailbox, or Earth Class Mail provide a U.S. mailing address that can be used for banking.
Choose a digital bank: Some online banks, like Wise and Revolut, don’t require proof of residency in a specific country.
Open an account in a nomad-friendly country: Some countries, like Portugal, Estonia, and Georgia, make it easier for non-residents to open bank accounts.
Use a friend or family member’s address: Some banks accept a relative’s address as long as you can provide authorization or documentation.
Challenges and How to Overcome Them
Finding a bank that works for digital nomads can be tricky, especially if you don’t have a permanent U.S. address. Here’s how to handle some of the most common banking challenges.
Banking restrictions in certain countries: Some destinations make it difficult for foreigners to open local bank accounts. Before moving to a new country, check its banking regulations to see if you can open an account as a non-resident. If not, stick with an international-friendly bank that works across multiple countries.
Proof of address requirements: Many banks require a local address, which can be a problem for nomads. To get around this, choose a digital bank that doesn’t require residency, like Wise or Revolut, or use a virtual mailbox service that provides a U.S. mailing address.
Limited account access while traveling: Some banks may block accounts or freeze transactions if they detect frequent foreign logins. To avoid this, choose a bank with strong international support and a reliable mobile app that lets you manage your money from anywhere.
High international transfer fees: Traditional banks often charge expensive fees for sending or receiving money across borders. Banks like Wise and Revolut offer low-cost international transfers with real exchange rates, helping you save money.
Opening a bank account as a digital nomad requires some planning, but with the right approach, you can find a bank that works for your lifestyle. Prioritize flexibility, low fees, and online accessibility to make banking on the road as smooth as possible.
Final Thoughts
Managing your finances as a digital nomad doesn’t have to be a headache. The right bank can make all the difference, helping you avoid unnecessary fees, access your money from anywhere, and keep your transactions secure. But banking isn’t just about picking the account with the lowest fees or the best app—it’s about finding a setup that fits your lifestyle.
Before opening an account, think about how you get paid, where you spend your money, and how often you’ll need cash. If you’re frequently switching countries, a bank with multicurrency support and low conversion fees might be best. If you rely on ATMs, make sure you won’t get hit with withdrawal fees every time you take out cash. And if you want a simple, stress-free experience, a bank with strong customer support and fraud protection should be a priority.
No single bank is perfect for every nomad, so it’s worth having a backup plan. Some travelers use a combination of digital banks, traditional accounts, and international-friendly credit cards to cover all their bases. Whatever you choose, the goal is the same—keeping your money accessible, safe, and working for you, no matter where you are in the world.
Frequently Asked Questions
What happens if my bank flags my account for suspicious activity while I’m abroad?
Some banks may freeze or restrict your account if they detect logins or transactions from multiple countries. To prevent this, notify your bank before traveling or use a bank that allows you to manage security settings through its app. Keeping a backup account or credit card ensures you’re not left without access to funds.
Can I open a U.S. bank account while living abroad?
Most U.S. banks require a U.S. address, but some allow the use of a virtual mailbox or a trusted friend’s address. Some digital banks may not require a permanent address, but they are not full-service banks. If you plan to live abroad long term, look for a bank that supports international access without requiring residency.
How can I deposit cash into my account while traveling?
Many online banks don’t accept in-person cash deposits. You can deposit cash through third-party services like Western Union, use a prepaid debit card that allows cash reloads, or deposit cash into a local friend’s account and have them transfer it to you.
What’s the best way to avoid currency conversion losses?
Choose a bank or payment provider that offers favorable exchange rates and low conversion fees. Always select to be charged in the local currency when making purchases abroad, as choosing your home currency may result in unfavorable exchange rates.
Can I keep my U.S. bank account if I live abroad long term?
Yes, but some banks may require you to maintain a U.S. address. If your bank detects long-term foreign use, they may restrict or close your account. Using a virtual mailbox or keeping a U.S. address on file can help prevent issues.
What’s the best way to send money between accounts while traveling?
For international transfers, seek out services that offer low fees and competitive exchange rates. For transfers within the U.S., options like Zelle or Venmo are usually free. Be cautious with traditional banks, as they tend to charge high fees and add exchange rate markups.
How do I keep my bank account secure while traveling?
Use two-factor authentication, enable instant transaction alerts, and avoid logging into your bank account over public Wi-Fi without a VPN. If your bank offers virtual card numbers, use them for online transactions to reduce the risk of fraud. Keeping a backup debit or credit card in case of loss or theft is also a smart move.
