# Best Bank Account for a new Nomad **URL:** \ **Category:** Finances\ **Tags:** banking\ **Created:** [January 27, 2019, 7:35pm UTC](https://community.nomadgate.com/t/best-bank-account-for-a-new-nomad/6556 "2019-01-27T19:35:19Z")\ **Posts on this page:** 12\ **Page:** 1
**Author:** ![kalkanprince](https://community.nomadgate.com/user_avatar/community.nomadgate.com/kalkanprince/32/856_2.png) [@kalkanprince](https://community.nomadgate.com/u/kalkanprince)\ **Post date:** [January 27, 2019, 7:35pm UTC](https://community.nomadgate.com/t/best-bank-account-for-a-new-nomad/6556/1 "2019-01-27T19:35:20Z")
Hi Everyone, My first post here (yes, I know, I need to do an introduction post also in a moment 🙂 ) I am 42, in full time employment in the UK and about to take the leap to becoming a nomad and seeing the world. I currently bank with Halifax in the UK and am looking for the best bank account for starting this Nomadic lifestyle, Im guessing the things that are essential are bank accounts that accept money in all currencies for when obtaining work in that country, Im thinking Spain (Euro) and Turkey (Lira) at the moment and also one that doesn’t charge for overseas usage. Ive looked at [N26](https://nomadgate.com/go/n26/community/auto/) but from what I can tell they only accept payment in GBP if I open this as Im a UK citizen? Welcome everyones help please Thanks ---
**Author:** ![craigfer](https://community.nomadgate.com/letter_avatar_proxy/v4/letter/c/9e8a1a/32.png) [@craigfer](https://community.nomadgate.com/u/craigfer)\ **Post date:** [January 28, 2019, 8:53am UTC](https://community.nomadgate.com/t/best-bank-account-for-a-new-nomad/6556/2 "2019-01-28T08:53:38Z")
I’d recommend Starling bank for payments abroad. I have a personal & business account with them. You can sign up within 5 mins just need a passport or driving licence. They are just about to introduce a Euro account as well. > **[Euro bank account - Starling Bank](https://www.starlingbank.com/current-account/euro-bank-account/)** > > Have friends or family in Europe? Hold, send and receive euros for free with a Starling euro account. No monthly fees. ---
**Author:** ![tkrunning](https://community.nomadgate.com/user_avatar/community.nomadgate.com/tkrunning/32/9053_2.png) [@tkrunning](https://community.nomadgate.com/u/tkrunning)\ **Post date:** [January 28, 2019, 1:01pm UTC](https://community.nomadgate.com/t/best-bank-account-for-a-new-nomad/6556/3 "2019-01-28T13:01:05Z")
If you want an account where it’s easy to receive EUR you can look at [Monese](https://nomadgate.com/go/monese) and [Revolut](https://nomadgate.com/go/revolut). They are regulated financial institutions, but not technically banks. Starling is as mentioned good for ATM withdrawals abroad. You can also open an [N26](https://nomadgate.com/go/n26/community/auto/) account once you get to a eurozone country (to get a EUR denominated account instead of GBP). Turkish Lira is a bit more tricky. You can hold Turkish lira with [Revolut](https://nomadgate.com/go/revolut), but they don’t give you a receiving account in your name for it. It’s still possible to receive it via a SWIFT transfer to an account in [Revolut](https://nomadgate.com/go/revolut)’s name, with a personal reference number to help them route the payment to your account. If you are planning on working locally in Turkey, you might save some money by opening a local account. ---
**Author:** ![kalkanprince](https://community.nomadgate.com/user_avatar/community.nomadgate.com/kalkanprince/32/856_2.png) [@kalkanprince](https://community.nomadgate.com/u/kalkanprince)\ **Post date:** [January 28, 2019, 9:14pm UTC](https://community.nomadgate.com/t/best-bank-account-for-a-new-nomad/6556/4 "2019-01-28T21:14:30Z")
Thanks everyone. Hard to pick between [N26](https://nomadgate.com/go/n26/community/auto/) and Starling, it seems the [N26](https://nomadgate.com/go/n26/community/auto/) Metal isn’t worth the money, especially not in the UK ---
**Author:** ![tkrunning](https://community.nomadgate.com/user_avatar/community.nomadgate.com/tkrunning/32/9053_2.png) [@tkrunning](https://community.nomadgate.com/u/tkrunning)\ **Post date:** [January 28, 2019, 9:27pm UTC](https://community.nomadgate.com/t/best-bank-account-for-a-new-nomad/6556/5 "2019-01-28T21:27:26Z")
Why not open an account with each? It’s quick and easy to do online, and you’ll find out which one you prefer over time. Plus, it’ll give you a backup account, just in case. Not a bad idea when living and traveling abroad for an extended period. ---
**Author:** ![kalkanprince](https://community.nomadgate.com/user_avatar/community.nomadgate.com/kalkanprince/32/856_2.png) [@kalkanprince](https://community.nomadgate.com/u/kalkanprince)\ **Post date:** [January 28, 2019, 9:30pm UTC](https://community.nomadgate.com/t/best-bank-account-for-a-new-nomad/6556/6 "2019-01-28T21:30:08Z")
I was thinking the same but read people have had their [N26](https://nomadgate.com/go/n26/community/auto/) accounts closed if not used much. ---
**Author:** ![voyager](https://community.nomadgate.com/user_avatar/community.nomadgate.com/voyager/32/132_2.png) [@voyager](https://community.nomadgate.com/u/voyager)\ **Post date:** [January 31, 2019, 9:52pm UTC](https://community.nomadgate.com/t/best-bank-account-for-a-new-nomad/6556/7 "2019-01-31T21:52:41Z")
Perhaps if not used at all, but I rarely used it and didn’t have any complaints from their side 🙂 Plus, if you leave some money on it, I doubt they would close it just like that. And I’m using [Revolut](https://nomadgate.com/go/revolut) even less, no problems with that one whatsoever. ---
**Author:** ![voyager](https://community.nomadgate.com/user_avatar/community.nomadgate.com/voyager/32/132_2.png) [@voyager](https://community.nomadgate.com/u/voyager)\ **Post date:** [January 31, 2019, 10:01pm UTC](https://community.nomadgate.com/t/best-bank-account-for-a-new-nomad/6556/8 "2019-01-31T22:01:35Z")
Also, welcome to the community 😉 ---
**Author:** ![kalkanprince](https://community.nomadgate.com/user_avatar/community.nomadgate.com/kalkanprince/32/856_2.png) [@kalkanprince](https://community.nomadgate.com/u/kalkanprince)\ **Post date:** [January 31, 2019, 11:03pm UTC](https://community.nomadgate.com/t/best-bank-account-for-a-new-nomad/6556/9 "2019-01-31T23:03:29Z")
Thanks everyone. [N26](https://nomadgate.com/go/n26/community/auto/) and starling opened, it does seem starling is the more mature product and doesn’t charge for ATM withdrawals yet [n26](https://nomadgate.com/go/n26/community/auto/) want you to upgrade to black or metal to avoid these charges. Can’t see how [n26](https://nomadgate.com/go/n26/community/auto/) can compete with starling now (although i do like the look of their metal card!) ---
**Author:** ![sprog](https://community.nomadgate.com/letter_avatar_proxy/v4/letter/s/ea666f/32.png) [@sprog](https://community.nomadgate.com/u/sprog)\ **Post date:** [February 2, 2019, 8:28pm UTC](https://community.nomadgate.com/t/best-bank-account-for-a-new-nomad/6556/10 "2019-02-02T20:28:00Z")
I use Monzo for GBP payments into account. I then transfer to [TransferWise](https://nomadgate.com/go/wise) and can receive funds in GBP, EUR and AUD. I can then transfer to any currency and bank in the world. I used to use traditional banking which would take weeks and bad exchange rates and large fees. Now I get paid and money is in my account instantly, instant transfer to [TransferWise](https://nomadgate.com/go/wise) and then almost instantly to two bank accounts in Vietnam. No delay and negligible fees with good Forex. ---
**Author:** ![kalkanprince](https://community.nomadgate.com/user_avatar/community.nomadgate.com/kalkanprince/32/856_2.png) [@kalkanprince](https://community.nomadgate.com/u/kalkanprince)\ **Post date:** [February 3, 2019, 10:43am UTC](https://community.nomadgate.com/t/best-bank-account-for-a-new-nomad/6556/11 "2019-02-03T10:43:18Z")
Thanks everyone. 😀 ---
**Author:** ![J\_J](https://community.nomadgate.com/letter_avatar_proxy/v4/letter/j/3ab097/32.png) [@J\_J](https://community.nomadgate.com/u/J_J)\ **Post date:** [February 5, 2019, 8:55am UTC](https://community.nomadgate.com/t/best-bank-account-for-a-new-nomad/6556/12 "2019-02-05T08:55:44Z")
Have a look at [Bunq](https://www.bunq.com/) an account was easier to open than [N26](https://nomadgate.com/go/n26/community/auto/) and they don’t sent you a card unless you request it, basic account is free fully regulated by NL and deposit protected up to 100.000EUR 👍🏼