Personal or business account
A personal account is for life: salary, rent, savings, buying a home. A business account is opened for a company, and the bank looks at its activity, clients and owners. They must not be mixed: regular client payments into a personal account are treated by the bank as business activity and lead to restrictions, and the tax authority asks questions. Almost everywhere a business account is opened only for a company registered in the same country, so choosing a bank often starts with choosing a country for the company.
What the bank checks for every client
- Identity and address: passport and proof of residence.
- Tax residency: where you live and pay taxes. This decides where the bank sends account information.
- Source of funds: where the money comes from, such as salary, sale of assets or dividends. Large sums need documents.
- Purpose and link to the country: why the account is needed here, such as a home, work, relocation or business.
- Sanctions risk: nationality, counterparties and payment countries.
The bank must carry out these checks by law, and any inconsistency in documents turns into extra requests or a refusal.
Deposit protection: country comparison
How much the state insurance scheme returns if a bank loses its licence. The limit applies per depositor per bank; dollar amounts use central bank rates of 5-6 October 2026.
| Country | Limit | In dollars |
|---|---|---|
| Germany | €100,000 | ~$112,100 |
| Spain | €100,000 | ~$112,100 |
| Portugal | €100,000 | ~$112,100 |
| Belgium | €100,000 | ~$112,100 |
| Switzerland | CHF 100,000 | ~$120,300 |
| USA | $250,000 | $250,000 |
| Singapore | S$100,000, Singapore dollar deposits only | ~$78,000 |
| Brazil | 250,000 reais | ~$50,200 |
| Uruguay | $10,000 in foreign currency, 250,000 indexed units in pesos | $10,000 and ~$41,500 |
| Argentina | 50 million pesos | ~$32,900 |
| Turkey | 1.2 million lira, individuals' deposits | ~$24,400 |
| Georgia | 50,000 lari | ~$19,200 |
| Barbados | BDS$25,000 | ~$12,500 |
| Belarus | 100% of individuals' deposits, no cap | no cap |
Sums above the limit are spread across banks or held in instruments that do not depend on one bank's stability.
Restrictions for certain nationalities
Under EU Regulation 833/2014 banks in EU countries do not accept deposits over €100,000 from Russian nationals and residents of Russia unless they have EU citizenship or EU residence. Banks in other countries, such as Switzerland, apply similar rules. So for Russian nationals, choosing a country and bank starts with the residence question.
Exchange of tax information
Most countries participate in automatic exchange of tax information: the bank sends account and balance details to your country of tax residence. The US uses its own foreign account reporting law and itself receives data from foreign banks on its taxpayers' accounts. Plan any account on the assumption that your tax authority knows about it.
How to choose a country for your account
- Goal. Living in the country, holding savings, business, buying property.
- Status. Nationality, residence permit, tax residency.
- Currency and payments. Where money will come from and go to.
- Protection and reliability. The deposit insurance limit and the bank's stability.
- Chances of opening. How well your profile fits that country's banks.
What we do
Murblz specialists review your goal and status, choose the country and bank where chances are higher, prepare documents and the source-of-funds explanation, complete the tax residency form correctly, and support the opening until the bank decides. Choose the account type and country below to see requirements and terms.
Preguntas frecuentes
Necesito una cuenta personal o una empresarial?
Puedo recibir pagos de clientes en una cuenta personal?
Dónde es más fácil para un no residente abrir una cuenta?
Qué es el cumplimiento normativo y por qué retrasa las cosas?
Informará el banco mi cuenta a mi oficina tributaria?
No sabes qué te conviene?
Cuéntanos tu objetivo - te proponemos un programa según tu presupuesto y tus plazos. Gratis.