Have an account anywhere in the world with a global account

Conducting financial transactions in multiple currencies has become common for travelers, expatriates, and international businesses, highlighting the importance of global accounts.

Fortunately, multi-currency accounts have emerged to meet this demand, offering international financial solutions, called global accounts.

What is a global account?

A global account, also known as a multi-currency account, allows the user to hold, send, and receive money in various foreign currencies.

Unlike traditional bank accounts, which are usually tied to a single currency, a global account offers flexibility to transact globally without the need for multiple bank accounts in different countries.

These accounts typically come with debit cards that can be used for withdrawals in various countries, offer lower exchange rates, and enable the possibility of making low-cost international transfers.

Wise

Wise is a pioneer in the concept of the global account with its transparent and economical approach to international money transfers.

The platform allows users to maintain a balance in over 50 currencies and convert between them using the real market exchange rate. For instance, when converting from Dollar to Euro, Wise charges only a 0.49% fee, and from Euro to Dollar, the fee is 0.56%.

Additionally, Wise offers a debit card that users can use to make purchases or withdraw cash in local currency almost anywhere in the world.

Nomad

Nomad emerges as a financial solution designed to meet the needs of digital nomads, frequent travelers, and expatriates, offering a simplified platform for personal finance management in dollars. Here are the main highlights of the services provided by Nomad:

• Account Opening and Maintenance: Free, with a $20 physical card delivery fee, waived from level 2 in the Nomad Pass program.
• Currency: Dollar accounts, with no margin commercial exchange.
• Conversion Rate: Up to 2%, which can be reduced as you progress in the Nomad Pass program.
• International Transfers and Withdrawals: Allowed, with free withdrawals at Allpoint network ATMs and a $5 fee at other ATMs after the 3rd withdrawal outside the MoneyPass network.
• International Coverage: More than 180 countries.

Nomad Pass Program

For every $1 converted to a Nomad checking or investment account, the user earns 1 point. These points accumulate, elevating the user to different levels within the program, each offering exclusive advantages.

From level 2, users are exempt from the physical card delivery fee, and the higher the level, the lower the exchange rate, potentially going down to 1%. The program is designed to offer complete transparency, allowing users to simulate quotes, see their fee reduction, and track their progress in the Nomad Pass directly through the app.

This makes the Nomad Pass an integral part of the Nomad experience, encouraging continuous interaction and rewarding users for their loyalty to the platform.

+ Discover more benefits of the Nomad Pass

Revolut

Revolut stands out as a global financial solution, designed to simplify and save on international transactions. With over 40 million customers worldwide, the platform offers the ability to quickly send money in more than 70 currencies to 160+ countries, ensuring competitive exchange rates and low fees that make it an economical and efficient choice.

Features of Revolut

• International Transactions: Sending money abroad is fast, easy, and economical with Revolut. Whether contributing to family expenses, sending money to students overseas, or splitting bills, Revolut helps close the financial distance between you and your loved ones.
• Speed: Sending money to Revolut friends or other card accounts is incredibly fast, typically completing transfers in 20 seconds.
• Global Coverage: From Armenia to Australia and almost everywhere in between, Revolut allows you to send money globally in an extensive list of countries and in more than 70 currencies.
• Adaptable Plans: Revolut offers a variety of plans, from the free Standard to Premium and Metal options, each with their own benefits and investment limits, providing a personalized experience that adapts to your financial needs.