Most Malaysian people do not know that they can open bank accounts ( Fintech accounts) in Europe. Most people never think about opening a bank account abroad, but there are several good reasons for that, starting with storing some assets in more stable jurisdictions, away from the local authorities.
Protecting your money by storing it abroad isn't just useful, but it can be one of the smartest decisions you can make.
Below, I am going to write out an overview of different Fintechs where Malaysians can open their European IBAN account.
This account enables you to make payments, receive cash, and hold money on the account. Usually, it's not possible to receive a loan or credit from these institutions.
1. B2B Pay
Personal non-resident bank account in Europe. Global payments in 138 currencies. Fully online onboarding.
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.
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.
DynaPay is a European provider of intelligent and flexible solutions for your business in the field of financial technologies. They offer a variety of services including acquiring, online payment, payment card processing, issuing electronic money, and much more.
Genome was founded in early 2017. It started with the idea that individual and business finances should be under one "roof".
6. International Business Settlement: IBS
IBS advertises itself as "Financial link between Europe and China". IBS Lithuania is a part of International Business Settlement Holdings Limited, a public company listed on the Hong Kong Stock Exchange.
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.
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.
Pervesk UAB is a licensed Electronic Money Institution based in Lithuania and regulated by the Bank of Lithuania.
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.
Want More Banking Options For Malaysians In Europe?
These are just 10 options for Malaysians 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).