When you’re planning to move to a Spanish city, you’re probably wondering how to open a bank account in Spain. Make sure to pay and get paid easily to enjoy your Spanish life to the fullest (say yes to your daily dose of tapas and paella). Show
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 is used to offer its services to internationals. Discover how the Spanish banking system works. Can a foreigner open a bank account in Spain?Although it’s not 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 or buy your groceries. The banking system in Spain is comprehensible, even when you’re a foreigner (yes, even for you). 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. What do you need to open a bank account in Spain?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 the language yourself, vamos!) Open a Spanish bank account onlineWouldn’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 is that most Spanish banks offer you the possibility to open an account online. Opening your bank account is just a few clicks away! The best Spanish bank accounts for expatsWhich 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:
How much does opening a bank account in Spain cost?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. Can I open a bank account without a NIE?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. Please reach out to [email protected] if you have any suggestions or inquiries about the content on this page. Can I open a bank account in Spain as a nonYes, a foreign non-resident in Spain can open a bank account. To do so, they must take an ID document (normally a passport) and a certificate of non-residency to any of our branches.
Which Spanish bank is best for non residents?Here are some of the best banks in Spain for non-residents.. BBVA Bank Spain. When it comes to opening a bank account in Spain and particularly for non-residents, the BBVA Bank Spain is definitely a choice to have in mind. ... . Banco Popular. ... . Santander Bank. ... . Sabadell Bank Spain. ... . Bankia Spain.. What is the difference between a resident and nonAs the name suggests, resident accounts are for people living in Spain, and non-resident accounts are for people living abroad who may still wish to have an account there. A non-resident account might be the right choice for you if you're buying property in Spain, but won't be living there most of the time.
Can I open a Spanish bank account online?Yes, you can apply for a resident's bank account online. In some cases, you can also apply for a bank account as a non-resident online. Either way, you will need to visit a branch or meet with a financial advisor to submit the paperwork.
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