Blog post
Relocating to Europe? Here's Why Your Main Concern Shouldn't Be Banking
November 24, 2024
Relocating to a different country is thrilling, but let's face it, there are drawbacks as well. Establishing their financial lives is one of the main worries for many immigrants to Europe. How are you going to get paid for the first time? Have you paid your rent? maybe perhaps purchase a cup of coffee upon landing? This is frequently made needlessly difficult by traditional banks, which demand confirmation of address, numerous branch visits, and weeks of waiting. The good news is that things don't have to be this way any longer.
The Roadblocks in Traditional Banking
Imagine this: You have just arrived in Amsterdam, Berlin, or Paris. You're exhausted, attempting to find your way around a new city, looking for an apartment, and juggling a tonne of paperwork. Finding out that you can't rent an apartment without a bank account but can't get a bank account without a permanent address is the last thing you need. Does that sound familiar? Many migrants encounter this well-known catch-22 when they relocate to Europe.
Modern global mobility was not a factor in the architecture of traditional institutions. For newbies who already have plenty on their plate, their procedures can seem like holdovers from a bygone era, adding needless stress.
A Fresh Perspective on European Banking
EverydayMoney has completely redesigned the banking process for individuals relocating to Europe, which is where we come in. We think banking should be one less item to worry about rather than causing you more stress. We're enabling that in the following ways:
1. Your Bank Account in Europe Before You Even Pack
Consider having your European IBAN account ready before you board your flight. You may finish setting up your account with EverydayMoney from the comfort of your own home. This implies that you can: - Start getting paid right away - Arrange salary transfers with your new work - Start looking for a flat without having to deal with banking issues - Create a budget in euros
2. From Day One, Pay Like a Local
There's nothing that says "I just moved here" like struggle with foreign currency or cards. For this reason, as soon as your account is approved, we provide you a virtual card. You can tap and pay like you've been doing for years if you add it to your Google Wallet or Apple Pay. Do you require a physical card? You can pick it up at the airport when you arrive; we've got you covered.
3. Maintain Communication Without Roaming Bills
Do you recall the days when you had to search for Wi-Fi or pay exorbitant roaming fees? We've also figured that out. There is an optional eSIM data plan included with every EverydayMoney account. You will have internet connection as soon as you land if you activate it before your flight. You won't have to look for local SIM cards or find your way to your place of stay without data.
4. Learn to Manage Your Money in a New Currency
Dealing with a new currency and various living expenses is a common part of moving to a new country. Our integrated tools for managing expenses assist you with real-time spending tracking; budgeting in euros; automatic expense classification; and an understanding of your spending trends and a plan for ongoing expenses.
5. Customer Support that Understands Your Language
The language barrier is one of the most significant obstacles to relocating overseas. Our customer service representatives are multilingual, on call around-the-clock, and specially trained to assist newcomers in navigating the financial landscape of Europe. We are available in your native tongue to assist you with anything from checking your balance to comprehending local financial requirements.
Beyond Banking
We provide peace of mind in addition to banking. It's the flexibility to concentrate on the things that are most important when relocating to a new country: locating the ideal house, forming new friendships, and embracing your new life in Europe. You can concentrate on everything else because we've taken care of the burden.
Looking Ahead
The banking industry must adapt to the world's growing mobility. We at EverydayMoney are always coming up with new ways to make the move to European living even easier. We are developing features such as:
- Integration with widely used European payment methods
- Multi-currency accounts for regular travellers
- Multicurrency automated savings tools
Are You All Set to Begin Your European Adventure?
Avoid letting banking be the source of your anxiety when you relocate to Europe. With EverydayMoney, you can join the thousands of new users who have already found out how easy European banking can be. Create an account now for seamless banking that flows as naturally as you do.
Access to financial services shouldn't be a stumbling block on your journey to Europe and lastly, bring your power bank! We can't help you with that.