Help Centre Getting Started with 3S Money

Does 3S Money offer non-resident business bank accounts?

Every business starts with an idea.
At 3S Money, ours is remarkably simple: we offer a human approach to making international payments and opening non-resident bank accounts.

Through our International Business Account, non-residents can open local IBANs (International Bank Accounts), enabling the sending and receiving of high-value payments across a variety of currencies.

Connecting with clients and customers around the world just became that bit easier – all supported by the assistance of your own Client Manager. 

Can I open a bank account for non-residents with 3S Money?

Yes! If you’re part of an organisation needing to open foreign bank accounts quickly and easily, our International Business Account is an ideal solution.

Once you’ve completed our onboarding process, you’ll find a choice of different local IBANs available. Once opened, a unique reference number can be shared that allows you to begin making and receiving payments. 
Not only a useful tool for opening IBANs, our International Business Account allows you to convert between 65+ foreign currencies and more.

There’s a reason they’re relied upon by directors and shareholders in 190+ countries globally. 

What local bank accounts does 3S Money offer?

Our International Business Account allows non-residents to open multi-currency, e-money bank accounts in the following countries:
  • UK 

  • Netherlands 

  • Germany 

  • Luxembourg 

  • Denmark

  • US (For e-commerce companies only)

What information do I need to provide to open a bank account for non-residents?

As part of our onboarding process, one of our team will be in contact to discuss your business needs, whilst requesting the following information:


  • Shareholder register

  • A signed resolution document

  • Evidence of funds – a bank statement, tax return, sales of share document etc.

  • Details of your business activities

  • Where your company is based

  • How long it’s been operational

  • Which countries you’ll be paying and receiving funds to and from

By having the above readily available for our team, we can commence with the onboarding process – and allowing you to open your account as soon as possible.

What issues do non-residents encounter opening business bank accounts?

You’d think with the variety of traditional banks and newer fintech offerings available, helping a customer to open a foreign bank account shouldn’t be too difficult? 
For the many directors and shareholders worldwide needing to open an overseas account, the options can often be limited.

The issue lies in the way that traditional banks are run – automated, risk-averse and, as you’d expect from the name, traditional.

In the past, opening a bank account within a country required a matching passport. For residents, no problem. But for non-residents looking to break into a new market, such a technicality became a barrier – and an outdated one at that. 
Enter 3S Money. Born from our co-founder’s need to open an overseas account, only to find himself rejected by global red tape, he sensed an opportunity.

A challenger bank with a human touch, allowing non-residents to open bank accounts no matter their location in the world. 

What are the benefits of opening IBANs through a 3S Money account? 

With a 3S Money International Business Account, there’s no time-consuming trip down to your local traditional bank to produce your documents.

No need to hire a foreign director or accountant just to trade within a country’s borders. Whether you’re a business or an entrepreneur, access to a local IBAN helps streamline cross-border payments through our platform.
In a world of automation and chatbots, we also offer that much-needed human touch. Blockages and delays created by traditional bank AML checks are now a thing of the past!

At 3S Money, your Personal Client Manager is on hand to deal with any queries or requests you have. If there’s an IBAN you need opened, let them know and they’ll personally oversee that for you.

It was this personal approach that made Urban Health Farms a 3S Money Client - read why their Managing Partner described it as 'the number one benefit' here
By removing administrative burdens like these from your to-do list, you can devote your time to the other aspects of your global business, such as smoothing out payments with suppliers or improving relationships with foreign markets.
And who wouldn’t want that?

How can a foreigner open a bank account overseas?

If you’re a foreigner looking to open a business bank account overseas, our International Business Account offers you a streamlined and efficient means of doing so.

Discover more about the International Business Account and how it helps customers open global bank accounts today.
If you have any other questions regarding non-resident bank accounts, our International Business Account, or just about anything else you can think of to help benefit your business, contact our friendly Sales team today at [email protected] or +44 2038 079645. 
First uploaded on 08/12/2021.
Last updated on 07/02/2022.

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