Opening a bank account in Spain as a non-resident might sound like a time-consuming task, but it shouldn’t be. Spain is home to a great number of internationals. The banking system's used to offering its services to internationals. Let's break down how the Spanish bank system works and how you can open your own Spanish bank account in no time.
Although it isn't compulsory to have a Spanish bank account when you’re (temporarily) living in Spain, it’s useful to have one. You can use a Spanish bank account to pay your rent and utilities in Spain.
The banking system in Spain is comprehensible, even when you’re a foreigner.
There are 2 types of bank accounts in Spain:
It’s up to you to decide which account you prefer. Keep in mind that a resident’s bank account gives you more flexibility, where the non-residents’ account is easier to open.
When opening an account you can choose the following:
In all cases, feel free to contact your bank to understand what type of account suits you best.
To open your resident account, you need the following documents:
Be aware that your documents need to be in Spanish. So make sure to make some Spanish friends to help you or learn Spanish yourself.
Wouldn’t it be great if you can already tick off opening your Spanish bank account from your to-do list, while you’re not even living there yet? Sí!
The good news's that most Spanish banks offer you the possibility to open an account online. Opening your bank account's just a few clicks away!
Which bank works best for you depends on your personal situation. The Spanish banking system offers around 140 different (online) banks, so there’s plenty to choose from!
Here are some popular banks that you can consider:
The costs of opening a bank account in Spain vary per bank. Some banks even have fee-free basic accounts or student accounts with a discount. On average, you will pay:
Withdrawing cash at the ATM is free, in most cases.
Yes, depending on the type of bank you are able to open a bank account without your NIE number. Some banks that offer the possibility to open a bank account without a NIE number: LaCaisa, Bankinter, Santander and Sabadell.
Get in touch with the bank of your preference to see what the possibilities are.
Now, are you ready to spend (or earn) your money in Spain? Explore what are the best places to live in Spain.
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