Moving to Spain

How to open a bank account in Spain

Moving to Spain Typical Non Spanish

When moving to Spain, many people think that they won’t be able to open a Spanish bank account because they’re not Spanish and don’t have an NIE. And that’s totally incorrect. In Spain, you can open a bank account whether you’re a resident or a non-resident, though there are differences depending on your residential status. Bank accounts for residents offer more benefits and greater flexibility. Therefore, we recommend you change your account to a resident’s account when you obtain your Spanish residency.

How much will it cost to open a bank account in Spain?

Opening a bank account in Spain doesn’t usually have a fixed cost, in fact, as a general rule, there’s no such charge. A very small number of financial entities do charge for opening an account.

The maintenance of the account itself is another matter. Spanish banks charge you for having an operational account, although in many cases they waive the charges as long as a series of conditions are met, such as paying in your salary by direct debit, keeping a set minimum balance in the account, or performing a certain number of operations in a given time period.

We recommend investigating the different options before choosing a bank, to be sure of selecting the option that fits your situation and way of life.

Steps to follow for opening your account

If you’re a non-resident, to open your account you only need to present your certificate of non-residence. You can get this certificate from your consulate or any office of the General Directorate of Police by presenting your passport and requesting the certificate of non-residence (this usually takes about 10-12 days).

Once the non-residence certificate has been obtained, you can go to the bank and open the account. Bear in mind that not all financial institutions offer accounts to non-residents. Check out this list of banks that do offer banking services to non-residents in Spain.

how to open a bank account in spain can be easy

Two ways how to open your bank account in Spain

1. In an office 

Opening a bank account directly at the branch is very easy, just follow a few simple steps:

  • Go to the bank branch closest to home (or to your workplace). This is quite an important choice, since in general you’ll always need to carry out some transactions in person at the branch and it would be inconvenient to have to go to the other side of the city for this.
  • Submit the required documentation. If a joint account is to be opened, all the account holders must go to the office and take their individual documents.
  • Passport and Certificate of non-residence; the latter can be requested at the General Directorate of Police, either directly or through immigration offices or police stations. There are financial entities that can do this for you, but they charge for the service.
  • In some cases, a small opening fee will be charged (this depends on the bank).
  • Provide the information the bank requires to open an account. This information will depend on the entity itself, but usually includes: proof of address, proof of income, references from your bank in your home country....

2. By Internet

Opening an account through the Internet is even simpler, and more convenient. Without needing to leave home, go to the bank’s website. There you’ll find the steps to follow:

  • The conditions are given, such as what types of accounts there are, the commission, the cards... Comparing the offers from the different banks is very easy if it’s done through the Internet, because you don’t have to go from one place to another.
  • Complete the personal data: in addition to giving your NIE, you must provide the bank with a postal address, a telephone number and an email. If one or more of the account holders has a job, they must provide their employment details.
  • You’ll be asked to set up a security code, with passwords and security questions. This serves to identify you each time you access the account.
  • After confirming the data, the account is created. But before you can use it, you’ll have to receive a contract from the bank and send the necessary documentation (usually a photocopy of your NIE). After you’ve reviewed and approved the contract and the bank has approved the documentation submitted, the account is activated.

Documentation to be presented for your bank account

The requirements vary by bank, but in general you only need to present:

  • Passport and residence permit
  • In some cases, a small opening fee will be charged (this depends on the bank).

Banking in Spain doesn't have to be complicated. However, if you're still feeling confused or unsure of the next steps to take for, we've created a handy free guide on how to open a bank account in Spain. 

Download Free Guide: How to Open Your  Bank Account in Spain

Typical Non Spanish

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