Opening a Bank Account for Non Residents

Many banks offer online account opening services. Check with the specific bank you're interested in for their online application process.

Most banks require individuals to be at least 18 years old to open an account independently. For minors, a joint account with a parent or guardian may be an option.

Some accounts may have fees, while others are fee-free. It's essential to review the terms and conditions to understand any fees that may apply.

The initial deposit requirement varies by bank and account type. Some accounts may have a minimum balance requirement, while others can be opened with no initial deposit.

Yes, many banks allow joint accounts. Both parties typically need to provide identification and agree on the terms of the account.

Common types of accounts include savings accounts, checking accounts, and certificates of deposit (CDs). Some banks may also offer specialized accounts like business accounts or money market accounts.

The process varies, but it usually takes 20-30 minutes for in-person applications. Online applications may take a week or two for processing.

Yes, in most cases, your credit history does not impact your ability to open a basic checking or savings account. However, certain specialized accounts may require a credit check.

Yes, many banks allow you to change or upgrade your account type as your financial needs evolve. Contact your bank for specific details on their account modification policies.

Banks employ various security measures, such as encryption, multi-factor authentication, and monitoring for suspicious activities, to safeguard your account information.

Most banks offer online banking services through their website or mobile app, allowing you to check balances, transfer funds, and manage your account from anywhere.

Opening a bank account in Europe can provide many benefits, such as access to a stable financial system, increased security and privacy, and the ability to conduct business across international borders. European banks are known for their stability and security, and many offer competitive interest rates and low fees. Additionally, having a bank account in Europe can make it easier to manage your finances while travelling or living abroad.

The specific documents required to open a bank account in Europe can vary depending on the bank and the country. However, in general, you will typically need to provide proof of identification, such as a passport or national ID card, as well as proof of address, such as a utility bill or bank statement. If you are opening a business bank account, you may also need to provide business documentation, such as articles of incorporation or a business license. It’s important to consult with the bank to understand their specific requirements and prepare accordingly.

Yes, Regulated United Europe can help you open a bank account in Europe. We specialize in helping clients from all over the world find the right bank and navigate the complexities of opening and managing a bank account in Europe. Our team of experienced professionals can guide you through the process and help you prepare the necessary documentation to ensure a smooth account opening process. Additionally, for clients in high-risk industries, such as crypto or gambling, we can help you find a bank that is willing to work with you and provide you with the financial solutions you need to succeed. Contact us today to learn more about our services and how we can help you open a bank account in Europe.

Pre-approval is a unique opportunity to get preliminary consent or refusal from banks carefully selected for you by our specialists to consider a full package of documents for opening an account for your company.

In this case, regardless of whether the decision of the bank is positive or negative, you will benefit from it. If you obtain prior approval, you will be able to start preparing documents for opening an account. Clearly, prior approval does not mean that the account will be opened 100%, since the bank compliance department will make its final decision only after receiving a complete set of company documents; however, your chances to get it significantly increase due to the fact that the bank, after reviewing your business model taking into account information about you as a beneficiary, has already approved it. In case of refusal, you can choose other European banks offered by our specialist, without wasting your time waiting for the completion of the procedure for reviewing your package of documents and spending your money for certifying new sets of documents of the company for the bank and sending them to the bank. It may take more than one month to review the documents submitted, and thus the period of use of your certified documents (three months from the date of receipt) may expire.

The pre-approval service is recommended by our company for activities that are considered high-risk by banks. Please keep in mind that most banks are not interested in providing their services to such clients, and choosing the right bank and opening an account for your company will take a lot of effort and time. The use and payment of the pre-approval service is recommended for companies engaged in the following activities:

Cryptocurrency trading and related transactions, Gambling (online casino/betting/poker rooms, etc.), Adult industry, Trading activities (foreign exchange/transactions with securities/binary options), Trade in precious metals/precious stones, Investment activities, Large cash transactions, Business related to advanced technology (including IT business)

Under the pressure of various institutions that regulate the operation of banks around the world, including central banks, requirements, laws, and global de-offshorization, banks have now made compliance procedures stricter. They have started to closely monitor potential non-resident clients and their business.

Several factors can lead to a refusal to open a European bank account for your company, including:

• The type of activity of the company
• The beneficiary’s nationality
• The location of partners and clients
• The sources of financing of the company

These are vital considerations for anyone looking to open a bank account in Europe.

To avoid potential refusals when attempting to open a European bank account, selecting one or more banks familiar with clients of your profile is advisable. Our international banking consultants have been analyzing European banking services daily for the past eight years to assist clients in finding the right banking solutions, especially for those interested in opening a bank account in Europe as a non-resident.

Opening a bank account in Europe on your own can be challenging, requiring considerable time and effort in filling out forms and certifying documents, with the risk of being refused still present. This is particularly true for individuals and businesses aiming to open bank accounts in Europe for non-residents.

Obtaining prior approval from the bank can significantly reduce the chances of refusal. Regulated United Europe offers a pre-approval service, ensuring your business model aligns with the chosen bank’s requirements, considering the country of residence of the beneficiaries. This service is crucial for those looking to streamline the process to open a bank account in Europe.

Pre-approval is a unique opportunity to obtain preliminary consent or refusal from banks carefully selected for you by our specialists. This process is designed to consider a full package of documents for opening an account for your company in Europe, especially tailored for non-residents.

In this scenario, whether the decision of the bank is positive or negative, it is beneficial for you. If you obtain prior approval, you will be in a position to start preparing the necessary documents for opening a bank account. It is important to note that prior approval does not guarantee that the account will be opened with certainty, as the bank’s compliance department will make its final decision after reviewing a complete set of company documents. However, your chances significantly increase because the bank has already indicated a preliminary approval of your business model and information about you as a beneficiary.

In the event of a refusal, you have the option to consider other European banks suggested by our specialists. This approach saves you the time and money that would have been spent waiting for a bank to complete its review process and for certifying and sending new document sets for the company to the bank. Document review can take over a month, and the validity of your certified documents may expire within three months from the date of issuance.

The pre-approval service fee charged by Regulated United Europe is 2,000 EUR for corporate accounts and 500 EUR for personal non-resident accounts. The cost of the pre-approval service will be calculated by the consultant on an individual basis, depending on the compliance department requirements of the selected bank. The base pre-approval fee includes the service provision with regard to one, the most suitable, bank.

In case of refusal from all the banks selected for you (possibly due to the high-risk activity of your company), the amount paid is non-refundable. It is important to note here that you can be sure of our full transparency. We neither mislead our customers nor promise to do something that is obviously impossible to accomplish. We will not offer you banks for submitting a preliminary application if we are sure in advance that you will get a refusal. Furthermore, provided that opening an account with any bank is certainly impossible, the pre-approval service will be unavailable to you. In this case, the reputation of our company and your loyalty are our priorities.

The pre-approval service is recommended by our company for activities that are considered high-risk by banks. Please keep in mind that most banks are not interested in providing their services to such clients, and choosing the right bank and opening an account for your company will take a lot of effort and time. The use and payment of the pre-approval service is recommended for companies engaged in the following activities:

• Cryptocurrency trading and related transactions
• Gambling (online casino/betting/poker rooms, etc.)
• Adult industry
• Trading activities (foreign exchange/transactions with securities/binary options)
• Trade in precious metals/precious stones
• Investment activities
• Large cash transactions
• Business related to advanced technology (including IT business)

The use and payment of the pre-approval service is also recommended for company chief executives and individuals who, while having a transparent business model or type of income understandable to banks, value their time and money. Such clients usually strive to make sure that they are a desirable client for the selected bank before proceeding with opening an account, preparing/certifying/sending a full package of documents of the company and paying for account opening services in full.

The use and payment of the pre-approval service will be useful if you have chosen a bank on your own, without taking into account the recommendations of our consultants, and want to first make sure that it is possible to open an account with the bank of your choice. This service is also applicable to banks our company does not cooperate with, since the procedures for opening an account with a European bank are quite similar.

Obtaining prior approval from the bank does not mean that the account will be opened 100%. This important point must be understood and agreed on before starting cooperation. Applying for opening an account will take place in two stages.

At the first stage, the business model of your company is verified by the AML department of the bank for compliance with the bank’s criteria. At this stage, a decision is made whether the bank is ready to provide its services to your company and whether the bank is satisfied with your business model. The completion of this initial stage is guaranteed to you after your pay for the pre-approval service. A certain decision the AML officer of the bank will make after reviewing your pre-approval application cannot be guaranteed to you; however, since the bank is initially selected taking into account the business model of your company, Regulated United Europe can guarantee that the bank will most likely make a positive decision.

At the second stage, your company is verified by the bank’s security service (compliance department). You can proceed to the second stage in case of a positive decision of the AML officer of the bank and fulfillment of all the cooperation requirements of the bank selected from those for which a positive pre-approval was obtained. At the second stage, the account opening service can be provided to entities and individuals who submitted a full package of filled out bank forms and certified documents to the bank and made a deposit to the account (as necessary), provided all other requirements of each specific European bank are met. At this stage, whether the bank will make a positive decision directly depends on the accuracy of the information provided by you since all other aspects have already been agreed on at the first stage; obviously, guaranteeing you the opening of an account under these conditions is overconfidence, if not a misleading, which is unacceptable according to the policy of our company. The bank always has the last word.

In case of cooperation with Regulated United Europe, you can be sure of a detailed review of the business model of your company and the fulfillment of our obligation to send relevant requests to a bank specially selected for you in good faith. Furthermore, you will certainly save your time, which, without pre-approval and preliminary selection of a bank in a professional manner, will be spent on finding the right bank, filling out applications/forms, preparing documents, waiting for a decision from the bank on whether you can open an account (in case of refusal, you will have to start all over again). But even in case of a preliminary refusal, you will certainly save your money, which would otherwise be spent on certifying documents, sending documents to the bank, and, in case of refusal, for re-certifying documents and sending them to other banks since the period of use of a previously certified set of documents will expire (3 months from the date of receipt).