u/LastMeat1657

▲ 6 r/EMJM

Wise vs local European bank account for Erasmus stipend?

Hi everyone,

I’m a non-EU student who will be studying in Estonia and Netherlands, and I’m trying to figure out the best banking setup for receiving my monthly scholarship stipend.

I’ve been considering opening a Wise account before leaving since they provide a European IBAN. Has anyone here successfully received their Erasmus stipend through Wise without problems?

Or is it still better to open a local bank account after arriving in Europe? I’ve been looking into LHV, SEB, and Swedbank for Estonia so far.

Would really appreciate hearing your experiences. Thanks!

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u/LastMeat1657 — 6 days ago