In many countries yes, but the conditions differ: some banks need only a passport and proof of income, others want residency or a minimum balance. Each country page explains what to expect.

Do I need a residence permit to open a bank account?

Not everywhere. Many banks serve non-residents but ask for a fuller document pack and sometimes a higher balance. In some countries an account without local status is close to impossible.

What counts as proof of source of funds?

Documents explaining where the money came from: employment income, dividends, a property sale, an inheritance. The bank looks at the chain, not just the amount, and gaps between your forms and documents are a common reason for refusal.

Will my tax office find out about a foreign account?

Most likely yes: most countries exchange information automatically under CRS, and the US collects data under FATCA. Whether you must declare the account depends on your tax residency.

What balance do I need to keep?

There is no single rule: retail accounts often have no minimum, while private banking starts in the six figures. We confirm the current requirement with the specific bank before applying.

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