Most Brazilians don't know that, but it's perfectly possible to open a bank account in Europe. It also makes sense, if you want to diversify the economic uncertainty.
Many of these banking opportunities are provided by FinTechs. FinTechs and challenger banks are doing a great job at unbundling banking services, and they provide fully online solutions.
This means that you don't have to visit any bank branch to identify yourself in-person, but the onboarding and account opening is done online is website or app.
Once the account is open, you can deposit EUR and USD, and many other currencies depending on the concrete FinTech.
At BankApply, we've built a marketplace for FinTechs and banks which matches your profile with suitable banking options and enables you to compare different banking options.
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. PaySera is also one of the partners of the Estonian e-Residency programme.
Pervesk UAB is a licensed Electronic Money Institution based in Lithuania and regulated by the Bank of Lithuania. They offer quick online onboarding, reasonable fees and a great user interface to manage your money and make payments.
SatchelPay is a European electronic money institution with a license covering 31 countries, licensed in Lithuania. They've got great usability and work with both individuals as well as businesses in Europe.
Want More Banking Options For Brazilians In Europe?
These are just 3 options for Brazilians to open a bank account in Europe. Register at BankApply to find more options that cater to your exact needs, including conventional banks (and not just Fintechs).