A service tailored for safe and seamless transactions for international entrepreneurs.

With years of experience, Yan Incorporation has a wide range of connections with European bankers and Fintech specialists. We will support you in obtaining a European bank account in the country of your choice.

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Overview bank accounts in the EU

Right to a basic bank account

You might open a bank account in a EU country. As a legal EU resident, you qualify for a "basic payment account." Banks cannot deny your application just because you don’t live where they are located.

Features of a basic account

A "basic payment account" is an account that covers standard transactions that you use in daily life, such as:

making deposits
withdrawing cash
receiving and carrying out payments (for example direct debits and card purchases)

It should also include a payment card that you can use to withdraw cash and make purchases - both online and in shops.

Where available, the bank should include access to online banking services with your account. However, they do not always have to include an overdraft or credit facility.

In some EU countries, your bank might still charge you an annual fee for this basic payment account. This fee should remain reasonable.

Your money protected in the EU

EU rules ensure that the money in your bank account (savings account and/or and current account) is protected if the bank holding your account fails. Your money is protected up to a limit of EUR 100 000 or the equivalent in local currency. This limit applies per person and per bank, meaning that if you have several accounts at the same bank, the limit of EUR 100 000 applies to your aggregated accounts.

Document require to open bank account for business in EU

1 /Copy of ID

A certified copy of the shareholders and director's (beneficial owner) passports, along with recent proof of residence which must be less than three months old.

2 / Business certificate

Company documents for bank account opening (Business Registration Certificate; Certificate of Incorporation; Memorandum and Articles of Association (M&A))