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
• 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%
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
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 Accounts||N26 Fees|
|N26 Business Standard||€0.00/month|
|N26 Business Smart||€4.90/month|
|N26 Business You||€9.90/month|
|N26 Business Metal||€16.90/month|
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
- Simple Plan – £0/month
- Classic Plan – £5.95/month
- Premium Plan – £14.95/month
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.
- Free sign up
- Zero monthly account fees
- Free virtual card and physical cad
- Free international transfers
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
|Plan||Fees (UK)||Fees (US)|
|Revolut Standard||Free||Standard: Free|
|Revolut Plus||£2.99/month||Premium: $9.99/month|
|Revolut Premium||£6.99/month||Metal: $16.99/month|
|Business Account Fees:|
|Enterprise plan||Custom pricing|
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.
How do I open a Euro bank account?
To open a Euro bank account, begin by researching and selecting a reputable bank from the options mentioned in the article. Collect the necessary documents, complete the application process either online or in-person, await approval, and then proceed to deposit funds into the account.
What are the best online Euro bank account?
Some best online bank accounts include N26, Revolut, Wise, and Monese.
What are Euro bank accounts with debit card?
There are several banks that offer bank accounts with a debit card, including Revolut, Monese and N26.
What is the IBAN number for a Euro account?
An IBAN number is an International Bank Account Number. However, for Euro accounts, the typical IBAN length is 22 characters. For example: DE12345678901234567890.