Moving from Pakistan to work is a brave decision. Saving funds, dealing with bureaucracy and adapting quickly may be tough, but the result is worth the effort. On this journey, opening a bank account in Europe is something every expat needs to do – and we’re here to guide you.
How to choose a bank in Europe
Traditional banks: Documents, application process
Digital banks: What’s different
FAQ
How to choose a bank in Europe
To avoid stress and financial troubles, your bank should be safe and convenient. Don’t choose the institution randomly and keep an eye on the following:
- Languages – bank services and apps should be understandable to you.
- Costs – check the fees and extra costs for ATM withdrawals, overseas usage, etc.
- Employee-friendly – a bank should be able to receive salary and social benefits.
- Employer network – ask your company for assistance if it cooperates with banks.
- Pitfalls in the terms and conditions – read them carefully.
Start the application process only when you’re completely sure about your decision. Ask other expats to share their experiences, read reviews, and talk to support about bank accounts for overseas Pakistanis.
Traditional banks: Documents, application process
As a Pakistani in Europe, you need a local account to receive salary, pay for daily expenses and manage your funds. In such cases, traditional banks, such as Barclays, UniCredit, ING, are the safest and most reliable option.
What documents are needed for opening a bank account
Depending on the country and the bank, you may need different documents. Nevertheless, some papers are standard across Europe:
- Pakistani and European valid ID card/passport,
- proof of address (for example, rental agreement, contract, utility bills),
- tax identification number (for example, NIP in Poland, numéro SPI in France and NIF in Romania),
- local social security number,
- employment contract.
Documents should be real and written in the local language. Sometimes banks accept English versions of proof of address and employment contracts, but we recommend bringing officially translated copies.
Tips: Tax basics for Pakistanis working legally in Europe.
How to open a bank account in Europe
While some traditional banks support online applications, in most cases, you must visit a branch to open a bank account in Europe. A basic process looks like this:
- Choose a bank.
- Find out the list of required documents.
- Book an appointment. If it’s not possible, pay them a visit any time during the opening hours.
- Submit documents.
- Sign the agreement.
- Wait for the approval and receive your card and online banking access.
Don’t worry too much about this process. Many employees are open to dialogue and happy to assist you. Even if something goes wrong for the first time, you can try again. The game is not over!
After opening a bank account in Europe, you can start receiving a salary and sending a part of it home to support your family. For fast transfers at hot rates, download Profee. Our online service delivers funds directly to your loved ones in a secure and convenient way. For more details, check a step-by-step guide on sending money to Pakistan in this article.
Digital banks: What’s different
If you just arrived and need an account urgently, digital banks like Revolut, N26 or Wise are a quick solution. They don’t have physical branches, and everything is managed through their apps, which speeds up the registration.
What documents are needed
- Pakistani passport,
- European ID/valid visa,
- proof of address
Usually, these papers are enough. In some cases, you may also be asked for extra documents like a tax identification number.
How to open a digital bank account in Europe
Since you can apply from home, the process is much faster.
- Choose a bank.
- Prepare documents.
- Download an app.
- Create an account and submit documents.
- Complete a life selfie/video identification.
- Wait for the approval and get access to your account.
Processing times are different. On average, you can start using a new account within 24 hours.
Remember that you can’t rely on a digital bank completely: Receiving salary, scholarships and social benefits is hardly possible on such accounts. They are perfect for daily expenses and travelling, but a traditional option is way more versatile.
Summing up, opening a bank account is an entry point for Pakistanis in Europe, as it unlocks financial freedom and integrates you into a society. We hope our guide will make the application process smooth for you!
FAQ
Can I open a bank account in Europe as a non-resident?
Yes, but it may be challenging. As an alternative, you can use digital banks before you obtain a resident permit.
Which banks allow foreigners to open an account?
All, if you have a valid European ID and comply with EU rules on money laundering and terrorist financing.
Can I live without a bank account?
No. You need a local account for a comfortable living.
How can I send money from Europe to Pakistan?
- Join Profee.
- Enter the transfer amount.
- Select how to pay.
- Add the recipient’s details.
- Approve.
Explore: Don’t lose money on EUR to PKR transfers – check these tips.
Is Revolut an EU bank?
Yes, it holds a banking licence authorised by the European Central Bank.
