Where Belarusians can safely open a bank account in the EU?

  • Sep. 2nd 2020
  • |
  • BankApply
Where Belarusians can safely open a bank account in the EU?

Recent political and economical challenges in Belarus have made locals consider setting up their businesses in the foreign countries, leading to the growth of interest in opening bank accounts abroad. Taking into account the continuous protests, uncertainty about the economic prosperity in Belarus and the proximity of Belarusian businesses to the EU countries, it is not a surprise that a lot of Belarusian businesses are considering opening bank accounts in the EU countries.

Do you hold Belarusian passport and consider getting an additional bank account abroad? This article will show you different options that you'll have to open a bank account in the European Union.

Before we suggest a few trusted financial institutions that could help you with getting a bank account in the EU, we would like to share with you insight that can help you make a better decision.
Holding a bank account in the EU does not always mean working together with a traditional bank. Our trusted FinTech institutions can warrant you remote account opening as well as provide fast global payment solutions for your private and business transactions.

Opening a bank account in the EU enables SEPA (Single Euro Payments Area) opportunities. Both private and business, SEPA transactions within the EU are more affordable and efficient in comparison to making payments outside SEPA.

Consequently, our aim is to suggest to you a list of trusted FinTechs that can provide you a bank account in the EU as well as an European IBAN with moderate fees.

Firstly, let's look at 3 different FinTechs. If you want to get access to the full list of banks & FinTechs with fees and reviews of banks that are suitable for Belarusian citizens, please register as a BankApply user by clicking on the button on the top right-hand corner.

1. GENOME

Genome started in 2017 as a business-oriented financial services provider with a lot of advanced features, however they do on-board individuals as well. Genome provides its customers instant payouts, multiple merchant accounts as well as allowing them to receive and send globally with beneficial rates for transfers and currency exchange.

Website: https://genome.eu/

Contact: https://genome.eu/contact-us.html

Pricing: https://genome.eu/pricing-for-personal-accounts.html

2. PAYSERA

With a Paysera IBAN account, you can transfer money quickly and easily in many different currencies across the world. More so, transfers in Europe (SEPA) are free of charge for private clients. Additionally, Paysera can issue a contactless payment card for safe payments and a convenient mobile application with plenty of additional features.  

Website: https://www.paysera.com

Contact: [email protected]

Pricing: https://www.paysera.com/v2/en-GB/fees

3. SATCHELPAY

SatchelPay is a European electronic money institution with a licence covering 31 countries, that was built in order to serve today’s needs for private individuals and international businesses. A wide range of correspondent banks in Europe, Asia and Latin America, gives customers access to deposit local currencies, exchange them at market rates and send them abroad. 

Website: https://www.satchelpay.com/

Contact: [email protected]

Pricing: https://www.satchelpay.com/en/fees/

NB! Please don’t forget to do your own due diligence.

Want To See More Banking Opportunities for Belarusians In The EU?

These are just 3 offers for Belarusians to open a bank account in the EU. Register at BankApply to find more options that suit your needs - including conventional banks and FinTechs. 

Read why it makes sense to open an account abroad.

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