Travelling abroad for study, work, business, or leisure can come with unexpected financial roadblocks. One of the smartest things you can do as a temporary visitor is to open a local bank account, as this makes your time abroad more convenient.

In this guide, we’ll explore why opening a bank account abroad as a visitor is a great idea and how to get it done smoothly.

Also read: How to open a US bank account as a temporary visitor or on a visit visa

Benefits of having a local account as a visitor

1. Save on currency conversion fees: Using your home currency abroad often results in high exchange rates and transaction charges. A local account allows you to send and receive money in the local currency with minimal fees.
2. Simplify bill payments: If you're staying long enough to rent a place or use utilities, a local bank account makes it much easier to pay without relying on expensive card charges or cash.
3. Access local financial services: Some banks offer perks, loyalty rewards, or access to local apps and services that only work with domestic accounts.

Also read: How to manage international payments while living abroad.

Common challenges when opening a bank account abroad as a visitor

1. Lack of local address: Many banks require proof of local residence, like a utility bill or rental agreement—which temporary visitors often don’t have.
2. Documentation requirements: Without a residency card, tax number, or local ID, your passport alone might not be enough to satisfy bank requirements.
3. In-person verification: Some banks insist on in-branch visits, which can be difficult if you’re moving between cities or only staying short-term.
4. Restricted access for non-residents: Certain countries don’t allow non-residents to open accounts with traditional banks, or they place limits on what kind of account you can open.

Also read: USDC vs. SWIFT: Which is the better way to send money abroad?

Steps to open a bank account abroad with Grey

1. Sign up for a free Grey account

Visit grey.co or download the Grey app from the App Store or Google Play. You’ll only need an email address and mobile number to register.

2. Complete a quick identity check

To comply with international financial laws, Grey will ask for:

• A government-issued ID (passport or national ID)
• Proof of address (can be from your home country)
• A selfie to confirm your identity

3. Request a foreign currency account

Once verified, go to the ‘Accounts’ section of your Grey dashboard. You can request UK, EU, and US accounts which functions just like a regular bank account abroad, without needing to be a citizen or resident.

4. Use your account while abroad

You can now use your Grey account to:

• Receive funds from abroad
• Spend like a local by converting currencies at competitive rates

Opening a bank account abroad as a temporary visitor doesn’t have to be complicated. With Grey, you can skip the paperwork, local address requirements, and in-person queues.

Create your Grey account today or download the app to access seamless global banking that moves with you

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