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Denizen is Hoping to End the Hassles of International Banking

 - Nov 28, 2018
References: & ft
Backed by Spain's BBVA, Denizen is a Silicon Valley start-up that is launching the world's first global bank account that will allow for fee-free cross-border payments. Designed in BBVA's in-house incubator and funded by the bank's digital business unit, Denizen is being used to target Spanish expats living in the US.

Unlike existing borderless accounts, such as TransferWise, Denizen does not charge any foreign exchange fees, provides a regular debit card rather than a prepaid one, and allows clients to hold a single balance across jurisdictions. All of these features are key not just to the service, but to Denizen as a company. Focused on creating a premier "account for global citizens," Denizen aims to remove the hassles of international banking.