Short answer is yes, they can. Most Argentines don't know that, but it's perfectly doable and a viable option due to economic uncertainty in Argentina.
Argentines can deposit both EUR and USD currencies, which are not ideal by any means when we look at the global economy, but still a lot more stable options than Argentine Pesos, and the most stable currencies we have.
We're also big fans of Bitcoin and other cryptocurrencies (especially stable coins), which are also great options to diversify the risk of the currency.
Below, we're going to give you an overview of some of the Fintechs (Fintechs like TransferWise, as you can open an IBAN account with them fully online without having to travel to Europe to identify yourself).
Do your own due diligence before on-boarding with any of the following options. It makes sense to compare the fees of different providers to see which option is the most suitable for your needs, and make sure you can do the necessary currency conversions when needed.
1. B2B Pay
Personal non-resident bank account in Europe for Argentines. Global payments in 138 currencies. Fully online onboarding. It's a convenient way to get started and have your cash in other currencies, outside of the local regulator in Argentina.
2. Bilderlings Pay Limited
Bilderlings is part of a larger group of companies in the financial industry. Partners include Bilderlings Wealth, Bilderlings Insurance, and Bilderlings Trust. Together they have years of extensive experience developing financial products in Europe. Bilderlings is regulated in the UK, and it's another good banking option for Argentines.
ConnectPay is founded in 2017 and is licensed by the Lithuanian regulator. ConnectPay is a rapidly growing business-friendly Fintech for internet-based companies. Simple onboarding process. Might not be as good for individuals, but get in touch with them for detailed information.
Wire-Wallet is a good solution for individuals who also transact i cryptocurrencies, and would like to have a payment card which they can top-up to use their cryptocurrencies. WireWallet enables exchanging in over 40 currencies within your account. SWIFT and SEPA both available.
Genome was founded in early 2017. It started with the idea that individual and business finances should be under one "roof". Genome is also a business-oriented financial services provider with a lot of advanced features, but they do on-board individuals as well.
6. International Business Settlement: IBS
IBS Lithuania is a part of International Business Settlement Holdings Limited, a public company listed on the Hong Kong Stock Exchange. They are more focused on Asia, but they're open to South-America as well.
Founded in 2013, N26 has developed a mobile banking solution for freelancers and the self-employed. Serving 4.5 million customers across 25 markets, individuals can open a business bank account in Europe with no required minimum deposit amount. N26 is one of the most popular Fintechs in the market, and as an Argentine, you can try them out.
With a Paysera IBAN account, you can transfer money quickly and easily in many different currencies across the world. Transfers in Europe (SEPA) are FREE OF CHARGE for private clients. If you're interested in finding out more, go check out their website and see if Paysera is a good option for you.
Pervesk UAB is a licensed Electronic Money Institution based in Lithuania and regulated by the Bank of Lithuania. Pervesk has been a good option for clients from all over the world who have gone through our platform. We highly recommend checking them out.
SatchelPay is a European electronic money institution with a license covering 31 countries, that was built in order to serve today’s needs for private individuals and international businesses. Satchelpay is also one of our favorites on the platform, and although you always need to do your due diligence, it's one of our recommendations at BankApply.
Want More Banking Options For Argentines In Europe?
These are just 10 options for Argentines to open a bank account in Europe. Register at BankApply to find more options that suit your exact needs, including conventional banks (and not just Fintechs).