With the rise of remote work and hybrid options, most people choose to travel while working remotely. Spondula is a new online banking service for digital nomads and freelancers working overseas. Active in 63 countries, customers can pay and transfer money avoiding exchange fees.
The UK was heading towards a cashless system far before the pandemic. Following the global lockdown, most British are preferring online bank accounts over traditional high-street chains. Finder.com’s study shows a massive shift during the third quarter from 1 July to 30 September 2020. Online digital banks significantly increased their customers. For example, Starling Bank made 12,652 net gains while Monzo got 9,157 customers. On the flip side, traditional banking firms such as Barclays, HSBC, NatWest, or Santander recorded net losses.
The shift towards online banking goes hand in hand with the rise of digital nomads, freelancers, and remote workers. According to Statista.com, in Aprile 2021, almost 4.35 million people registered as self-employed working from home. Remote work is changing the labor market, as well as their banking priorities.
Spondula: Online Banking For Digital Nomads
Following the global shift to remote work, most people choose to travel to other countries while working remotely. Moving with different local currencies can be expensive, especially when withdrawing cash and exchanging money.
Unlike traditional banking, Spondula is an online bank for digital nomads holding up to 37 different currencies. With this system, customers can pay for goods and services in local currency avoiding exchange fees.
Opening a Spondula bank account is free, and it takes less than 15 minutes. Without hidden fees or extra costs, the online bank offers services specifically for digital nomads and those who are traveling while working remotely:
- Instant international bank transfers free of charge
- 37 different currencies in a personal bank account
- No exchange fees paying for goods abroad
- Request payment as a freelancer or digital nomad from local and overseas clients
- Settle bills between friends and family through the banking app
Available in 10 languages, Plus, Spondula online bank is designed for digital nomads, freelancers, and overseas clients. While traditional bank firms are abandoning their offices, online banking is taking over new needs for customers willing to work and travel.