Can I have bank accounts in different countries?
Fortunately, opening a bank account in a foreign country is totally possible — and totally legal, as long as you're not doing so for tax evasion purposes. However, it may take a few more steps than opening a domestic account would. Read on to learn the details.A non-resident bank account can make managing your money overseas easier. A non-resident bank account is an account you can open in a central location based in a country or territory you don't currently live in. These accounts are also referred to as Offshore Bank Accounts or Offshore Accounts.As discussed on this page, we would advise against closing unless it is absolutely necessary or unless there are large fees. In most situations, it best to keep accounts open and active – in particular, if you expect to return to the US in the future.

Can I open a UK bank account if I live abroad : If you live abroad and want to open a bank account in the UK, you need to prove your identity and residency. You will be asked to give information about your salary or wages and any other sources of income, as well as anything else the bank asks for.

Can I open a bank account with a foreign address

Yes, a foreigner can open a bank account in the US without needing a US address. However, not all banking institutions allow for it. Even traditional banks that do offer accounts to non-residents often have requirements – like opening the account in person – that make it difficult for non-residents to apply.

What is the easiest country to get a bank account in : What are the 10 Best Countries To Open Offshore Bank Account

  • Hong Kong. Hong Kong has to be at the top of the list of nations where one may create an offshore bank account.
  • Switzerland.
  • The Cayman Islands.
  • Singapore.
  • Germany.
  • The USA.
  • Panama.
  • India.

If you are legally resident in an EU country you are entitled to open a "basic payment account". Banks cannot refuse your application for a basic payment account just because you don't live in the country where the bank is established.

For EU citizens, as a rule, there are no special requirements for opening an account in a German bank. Citizens of non-EU countries must confirm their registration in Germany and/or provide a valid residence permit in Germany. In some cases, a work permit in Germany may be required.

What happens if I have a foreign bank account

Per the Bank Secrecy Act, every year you must report certain foreign financial accounts, such as bank accounts, brokerage accounts and mutual funds, to the Treasury Department and keep certain records of those accounts.Many expatriates maintain dual bank accounts: one in their home country to handle ongoing payments or transfers and another in their destination country. Overseas accounts can take time to set up, sometimes requiring a local address that's not a hotel or P.O. box.I'm an EU citizen living in the EU; will I still be able to have an HSBC UK Bank Account after Brexit Yes, you'll still have access to all your existing accounts as you currently do, provided you use them at least once every 12 months.

UK Bank Account for Non-Residents – Documents Needed

To open a bank account, you will need identification. As a non-resident, opening a UK bank account will require a passport and drivers' license, but your bank may also request other documents, particularly one that shows your current address.

What is the easiest country to open a foreign bank account : However, it might be challenging for you to open a business bank account in such countries as a foreigner. That is why we recommend opening a bank account in Hong Kong or Singapore. Their processes are much simpler than those in other jurisdictions, thus they have a positive reputation.

Can I open a USA bank account without an USA address : Yes, a foreigner can open a bank account in the US without needing a US address. However, not all banking institutions allow for it. Even traditional banks that do offer accounts to non-residents often have requirements – like opening the account in person – that make it difficult for non-residents to apply.

What is the easiest country to open a non resident bank account

What are the 10 Best Countries To Open Offshore Bank Account

  • Hong Kong. Hong Kong has to be at the top of the list of nations where one may create an offshore bank account.
  • Switzerland.
  • The Cayman Islands.
  • Singapore.
  • Germany.
  • The USA.
  • Panama.
  • India.


Switzerland has a long history and strong reputation of providing safe offshore private banking. However, jurisdictions like the Cayman Islands, Singapore, Germany, Gibraltar, Germany and Belize are also very safe options for offshore banking.I live in the EU or EEA

Other building societies and banks in the UK may not be able to offer banking services to customers living in the EU or EEA country you're living in. So, you may need to set up an account with a provider local to where you live.

Can I open a bank account anywhere in Europe : If you are legally resident in an EU country you are entitled to open a "basic payment account". Banks cannot refuse your application for a basic payment account just because you don't live in the country where the bank is established.