For many people, the word “bank” conjures up images of stuffy brick-and-mortar buildings and long lines. But in today’s digital world, there are plenty of banks that cater to international travellers and digital nomads. In this article, we’ll introduce you to the top 10 banks for digital nomads and international travellers!

Importance of Banking Options for Digital Nomads and Travellers

For digital nomads and international travellers, having a good banking option is extremely important. A good banking option will allow you to easily access your money while you are travelling. It will also provide you with a good exchange rate and low fees.

There are a few different things to consider when choosing a bank for digital nomads and international travellers. First, you need to make sure that the bank has branches in the countries where you will be travelling. Second, you need to make sure that the bank offers online and mobile banking so that you can easily access your account while you are on the go. Third, you need to make sure that the bank has low fees for things like withdrawals and transfers.

Looking for the best options for travel cards and bank accounts for digital nomads? Here are the best nomad banks to consider this year.

Charles Schwab Bank

Charles Schwab Bank is a great choice for digital nomads and international travellers. The bank has no annual fees and no foreign transaction fees, so you won't have to pay extra when you use your card abroad. You can also get free ATM withdrawals at any ATM worldwide. This is ideal for long-term travelers who want trouble-free transactions, no monthly fees, and no minimum requirements. 

Charles Schwab Bank also offers a great mobile app that makes it easy to manage your account while on the go. The app includes features like mobile check deposit and bill pay. You can also find helpful tips on how to budget and save while travelling.

Overall, Charles Schwab Bank is a great choice for digital nomads and international travellers. The bank has no foreign transaction fees, a great mobile app, and helpful budgeting tools.

Wise (formerly TransferWise)

Wise (formerly TransferWise) is another excellent option for digital nomads and international travellers. It was developed to combat the high transfer fees we face whenever we need to pay ourselves or send money home. When sending and receiving large sums of money (more than $1,000), Wise offers the lowest fees. Wise is a cutting-edge virtual banking solution for remote workers, primarily used for quick and easy international money transfers. You can also get a Wise bank card, which will come in handy if you travel frequently.

Overall, Wise provides low fees, a user-friendly app, and support for more than 56+ different currencies.

N26

N26 is one of Europe's most popular digital banking options, and they've recently expanded into the United States as well. It is a German bank that offers fee-free international ATM withdrawals and doesn't charge any foreign currency exchange fees. N26 is a digital bank designed for digital nomads and international travellers.They offer a free Mastercard that can be used anywhere in the world, and they have no foreign transaction fees.

N26 also offers a great mobile app that makes it easy to manage your finances on the go. You can view all of your transactions, set up spending limits, and transfer money between accounts.

If you are looking for a bank that will help you manage your finances while you travel, N26 is a great option!

Revolut

Revolut is a one of the most popular digital nomad banking options on this list. It is a UK-based bank that offers fee-free international ATM withdrawals, doesn't charge any foreign currency exchange fees, and offers a free debit card with no monthly fees. Their pre-paid debit card can be used in over 150 countries. You can also use Revolut to send money to friends and family overseas without any fees for foreign transactions.

Revolut also has a mobile app which makes it easy to keep track of your finances on the go. You can view your balance, transactions, and account history at any time. Plus, if you lose your card, you can easily cancel it and order a new one through the app.

Overall, Revolut is a great choice for digital nomads and international travellers who want a convenient way to manage their finances while on the go.

Starling

Starling is one of the top banks in UK which is great for digitial nomads. It is a mobile-only bank that offers fee-free international withdrawals and doesn't charge any foreign currency exchange fees. It's also one of the few banks that offer in-app support.  

The app-based bank offers a full current account that you can open within minutes via your phone. Its features include instant check-cashing of up to £500 through the app, instant notifications when money enters or leaves your account, and the ability to request or send payment to other Starling users through their 'Split the Bill' and 'Settle Up' features. Starling's personal spending insights will provide you with an overview of how you've been managing your money, and you can even set personal spending or saving goals. If you believe you have misplaced your card, you can lock and unlock it using the app. You also get some in-credit interest, which is uncommon with online banks.

Best of all, there are no foreign transaction or cash withdrawal fees abroad, making it a top-rated debit card for travelers.

Monzo

Monzo is one of UK's digital best banks that is perfect for digital nomads and international travellers. Monzo has no monthly fees, no foreign transaction fees, and no hidden charges. You can use Monzo anywhere in the world with no problems.

Monzo also offers a great mobile app that makes it easy to manage your finances on the go. Monzo, like Starling, notifies you in real time when you use your debit card, allows you to easily split bills, and allows you to send and receive money from other Monzo users. You can also set budget limits and track your spending. The app has all the same features as the website, so you can do everything you need to from your phone. 

If you're looking for a digital bank that will help you manage your finances while you're travelling, Monzo is a great option.

PayPal

Paypal is the world's largest digital banking platform and is well-known worldwide. The company was founded with the intention of creating a global currency but ended up focusing on the concept of easy money transfers between countries. 

PayPal has a long history of helping people send and receive money online. They are a reliable and trustworthy company that has a good reputation. PayPal is available in over 200 countries and supports over 25 currencies. This makes it a good choice for digital nomads and international travellers who need to send and receive money while they are on the move.

PayPal is very easy to use. You can set up an account in just a few minutes and start sending and receiving money right away. There are no fees for sending or receiving money with PayPal. You can also withdraw your money from PayPal at any time, without any fees.

PayPal is a great choice for digital nomads and international travellers who need a reliable and easy to use banking solution.

Payoneer

Payoneer is a great bank for digital nomads and international travellers. They offer a prepaid MasterCard that can be used anywhere in the world. There are no monthly fees or foreign transaction fees. You can also withdraw cash from ATMs worldwide.

Payoneer also offers a variety of other services that can be useful for digital nomads and international travellers. For example, they offer a money transfer service that can be used to send and receive money internationally. They also have a foreign currency exchange service that can be used to convert currencies. Overall, Payoneer is a great choice for anyone who needs a bank that offers convenient and affordable services for digital nomads and international travellers.

Citibank

Citibank is one of the top banks for digital nomads and international travellers. They offer a number of features that make them a great choice for people who travel frequently.

One of the most important features offered by Citibank is their global ATM network. This network gives customers access to cash at ATMs around the world. There are no fees for using Citibank ATMs, and customers can also withdraw cash from Citibank branches in over 40 countries.

Citibank also offers a number of other great features for travellers. These include free international transfers, no foreign transaction fees, and 24/7 customer support. Citibank is a great choice for anyone who travels frequently or plans to travel internationally in the future.

Monese

Monese is a great bank for digital nomads and international travellers. They offer free international money transfers, contactless payments, and a mobile app that makes it easy to manage your finances on the go. Monese also has low fees and no hidden charges. You can open an account with them in just a few minutes, and they have 24/7 customer support available if you need any help.

Final Thoughts in Choosing the Best Bank for You

1. When choosing a bank for digital nomads and international travelers, it's important to consider your needs and priorities.

2. If you prioritize having no foreign transaction fees, then TransferWise is a good option. If you need a bank that's available in multiple countries, then Citibank is a good choice.

3. Ultimately, the best bank for you will be the one that meets your specific needs and requirements. Be sure to do your research and compare different banks before making a decision.