Table of Contents
Open a European Bank Account as Physical Person Non-Resident
Contrary to what most people think, it is actually easier and simpler to open a personal European bank account. But, you have to remember that regulations can change so much among the members of the European Union added to Switzerland and those that are only part of the EEA. Aside from this, requirements may also change from one bank to another within the same country.
But, there is good news since there are certain countries such as Bulgaria, Poland and Lithuania where it is easy to open a bank account (https://protax.it/) with no need for you to become a resident. There are also instances where the only thing you have to present is none other than your passport. In some other cases, you might be required to show your proof of residency from your own country. Lastly, there are banks that will require you to have an address in the specific country where your card will be sent. For instance, it could be the address of a friend.
The only downside of this is that in almost all cases, there is a need for you to go on a trip to Europe so you can go to the bank so you can open your account in person. It is highly recommended that you contact the bank before you travel to ensure that everything has already been arranged and prepared for you to open an account before you get to the specific country in Europe where you wish to open a foreign bank account.
What is the Current Situation of EU Bank Accounts?
Prior to doing anything at all, it is a must to take note that even though the EU Single Market develops a cohesive framework for banking regulatory for all of the member states, all the specifics regarding the eligibility for the non-residents could differ from one institution to another. But still, most of the time, you must be a resident of the EU member state so that you can open your own bank account.
Posts from the same category:
- None Found