There are only about a dozen countries or so where you cannot use Wise at all (e.g. Wise allows you to hold money in over 50 different currencies, and is probably the banking product that comes closest to offering a truly global service, earning it this special mention.

Wise, formerly Transferwise, is one of the biggest names in global fintech and international banking. Wise keeps both fees and exchange rates low for international travelers. 🕴 Nomad friendly banks available globally Wise 🌍 If you’re a freelancer or business owner, don’t miss my article on the best business bank accounts you can open remotely. Update: In this article you’ll find personal bank accounts.

Read on to learn more about these incredible banks and how you can open an account with them today. I spent countless hours finding the best banks for nomads in North America, Europe, and Oceania, so you don’t have to.

Nomad friendly banks available globallyīut what if I told you that there are banks out there that charge no monthly fees, 0% foreign transaction fees, 0% currency exchange markup, 0% ATM withdrawal fees and even refund fees imposed by ATM owners worldwide? Sounds like some sort of black magic right? Well, it’s not.

I’m sure you could think of a better way to spend that money. In fact, you might be donating hundreds or even thousands of dollars yearly to your bank. But as a frequent traveler or digital nomad spending most of your time abroad, these fees add up quickly. If you travel abroad for a week or two per year, 3–5% in various foreign transaction fees and bad exchange rates for international card use is not really a big problem. Did you know that every time you swipe your card in a foreign country, your bank is charging you exorbitant fees and giving you a terrible exchange rate? Yet, you can save thousands every year by choosing the right bank.

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