Discover Euro Bank Accounts That Can Be Opened Online

A Euro bank account is a type of bank account denominated in euros and is commonly used in countries that use the euro as their currency. It can be opened by individuals and businesses. With a Euro bank account, you can hold, spend, send, and receive Euro. With many virtual banks, it is easy to open a euro bank account online.

Most of virtual banks operate through an app. As such, to open a Euro account, you just need to download their app, sign up, verify your identity and then fund the account. Some euro bank accounts come with a debit card which you can use for ATM withdrawals and making card payments.

Who Needs an Online Euro Bank Account?

If you are in any of the following circumstances, you need to consider opening an online euro bank account:

• If you want to hold euros in your account
• If you get paid in euros and are within the EEA area
• If you need to send or receive money in euros
• If you are a European expat and want to send money back home

The following are some of the best online Euro bank accounts:

Wise Euro Account

Wise is a virtual bank that is also offering a free euro bank account with a debit card. You can use a Wise Euro account to send money to over 70 countries, hold and spend money in over 50 currencies. A wise euro account does not have hidden fees.

You can convert your euro bank balance and make transfers using a mid-market rate with no hidden fees. When you open Wise account, you get:

• European, British, and Turkish IBAN
• US account number and Bank code (SWIFT/BIC)
• Euro debit card
• Low cost money transfer
• Able to link Wise to PayPal account

Wise Fees

• Sending money (varies by currency) – From 0.43%
• ATM fees for over 200 GBP per month – 1.75%
• Account funding transactions – 2%
• Currency Conversion – From 0.43%

Go to Wise

Starling Bank Euro Account

Starling Bank offers one of the best free euro bank accounts. You can use Starling’s online euro bank account to hold, send and receive euros for free. Besides, you can convert your euros into pounds or vice versa. Starling Bank Euro account does not have hidden fees or extra charges.

Starling Bank virtual euro account comes with a unique IBAN. Also, your bank balance is covered to a maximum of £85,000 or equivalent by the Financial Services Compensation Scheme. Starling Bank’s euro account supports SEPA payments and Target2 payments only.

Starling Bank Fees

• Exchange rate: 0.4%
• Annual Equivalent Rate – 0%
• Card replacement: £10,
• Certifying documents relating to your Euro Personal Current Account: £20

Go to Starling Bank

N26 Euro Bank Account

N26 is another online euro bank account with a debit card. You can use it to send, receive and manage money in a convenient place. You can sign up for an account online. N26 does not have hidden fees, nor do you need any paperwork.

N26 supports euro bank accounts in the following countries: Sweden, Norway, Denmark, Poland, Iceland, and Liechtenstein. When you open a N26 euro account, you get:

• Deposit insurance of up to €100,000
• Withdraw up to 5 times a month for free in the Eurozone
• Euro debit card
• Euro IBAN
• Cryptocurrency trading

N26 Fees

Go to N26

Monese Euro Account

Monese is a UK online bank that provides a range of banking services. They offer multicurrency accounts, including Euro, with features like IBAN and SEPA for seamless money transfers within supported regions. Monese operates in the UK and the European Economic Area (EEA).

Benefits of Monese Euro account include:

• Multicurrency accounts
• Personal, Joint, and Business Accounts
• Money transfers
• Bill and purchase protection (only in the UK)
• Integration with PayPal and Avios

Monese Fees

• Simple Plan – £0/month
• Classic Plan – £5.95/month
• Premium Plan – £14.95/month

Got to Monese

Airwallex Euro Bank Account

Airwallex also offers a free online euro bank account in Australia. You can use the account to hold, send and receive money in euros. You can open new payment streams within Europe with a Euro global account. It also allows users to hold multiple currencies in their accounts.

Airwallex Fees

• Free sign up
• Zero monthly account fees
• Free virtual card and physical cad
• Free international transfers

Go to Airwallex

Revolut Euro Bank Account

Revolut offers a Euro bank account with a debit card. The card is a Mastercard and can be used to make payments online and in stores. You can also use the account to hold, send and receive money. Revolut does not charge for money transfers with the SEPA region.

When you open an account with Revolut, you get:

• Global IBAN
• Euro debit card (physical and virtual cards)
• Local accounts in global currencies
• Multicurrency accounts

Revolut Fees

Go to Revolut

Online Banks for Opening a Euro Bank Account

The above are some of the best online euro bank accounts you can open. Euro bank account helps you hold, spend, send, and receive money in euros. Virtual euro bank accounts are a great option if you want to hold euros in your account or if you get paid in euros within the EEA.

Opening a Euro bank account online has become easier with the availability of reputable online banks like N26, Revolut, TransferWise (Wise), and Monese. These banks offer user-friendly mobile apps, competitive exchange rates, and features like IBAN and SEPA for smooth money transfers. Whether you’re a traveler, business owner, or seeking a flexible Euro banking option, exploring these online banks in Europe can provide convenience in managing your finances.