How To Open A Bank Account In Spain

Yes, 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.

Can you open a bank account in Spain online?

Can you open a bank account in Spain online or from the US? Some Spanish banks allow you to start the application process online, for both resident and non-resident accounts. However, you'll usually still need to visit a branch in person to show your documents, before you can get your account fully up and running.

What documents do you need to open a bank account in Spain?

What do you need to open a bank account in Spain?

1. ID, such as a passport.
2. A valid Spanish address.
3. Your Número de Identificación de Extranjero (NIE) – this is the code that proves you're officially registered in Spain.

Which Spanish bank is best for non-residents?

Here are some of the best banks in Spain for non-residents.

1. 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.
2. Banco Popular. ...
3. Santander Bank. ...
4. Sabadell Bank Spain. ...
5. Bankia Spain.

What is the best bank for foreigners in Spain?

Top 6 best banks for expats in Spain

• Wise. Wise is a great online option that is ideal not just for people looking to bank in Spain but in many other parts of the world including Europe and the USA.
• N26. ...
• Banco Santander. ...
• BBVA. ...
• CaixaBank. ...
• Banco de Sabadell.

Do I need a NIE number to open a bank account in Spain?

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.

How much money do you need in the bank to become a resident in Spain?

So, based on the above, if you are applying for residency in Spain in 2022 we recommend proving: A regular monthly income of at least €600 OR a lump sum/savings of at least €7000 in a Spanish bank account.

Is there a free bank account in Spain?

The Fee-Free Online Account is only for new customers who live in Spain. You can open it 100% online through bbva.es or the BBVA app.

How much bank balance is required for Spain?

Proof of sufficient financial means. A foreigner who seeks to enter the territory of Spain needs to attest owning at least 100€/day, with a minimum of €900 per person regardless of the intended duration of the stay.

What are 3 requirements for opening a bank account?

Checking account: A checking account can be opened individually or jointly, and you'll need your basic information, Social Security number, driver's license, and a minimum opening deposit amount. Most checking accounts come with checks, some don't - choose which you'll need.

Can I open a bank account without residency?

Is It Possible to Open a US Bank Account Online as a Non-Resident? No. Most US banks will require non-residents to apply for an account in person. That means you have to travel to the US and walk into a bank branch to set up your account.

Is it hard to open a bank account in Spain?

Opening a bank account in Spain is available to both residents and non-residents, although the country's legislation does distinguish between the two in order to carry out this procedure. Residents simply need to present their resident identity card and comply with the usual requirements.

How much money do you need in the bank to retire in Spain?

Retirement in Spain also tends to be fairly low cost. You can retire comfortably on about $2,000-2,200 a month, about $25,000-27,000 a year. If you choose to live a bit further away from the big cities, you can retire at approximately $1,700-1,900 a month, which is about $20,000-22,000 annually.

Can I get residency in Spain if I buy a house?

Yes, you can get residency in Spain after buying a house, and that is thanks to the golden visa scheme. Since 2013, non-EU citizens who purchase a property in the Spanish territory can get a 2-year residence permit (that can be renewed) as long as the property investment is at least € 500.000.

How can I avoid bank fees in Spain?

Maintaining a minimum balance (this is normally a daily minimum, not the average during the month) Using the credit card issued by the bank a minimum of 2 or more times a month or quarter. Having several direct debits (your usual household bills)

How much cash can you pay into a Spanish bank account?

The maximum amount you can deposit in a bank without having to declare it in Spain is also set at €10,000. Remember, however, that if your deposit exceeds €3,000 the bank does have an obligation to notify the authorities of your operation.

Do all Spanish banks charge fees?

Most current accounts in Spain incur annual fees that are usually around €15–20, although it's worth shopping around as some banks offer deals as well as cheaper accounts for the likes of students or pensioners.

What banks let foreigners open accounts?

Banks and Credit Unions That Accept Alternative IDs Many large banks in the U.S. accept alternative IDs from a non-U.S. citizen trying to open an account. These include Bank of America, Chase, TD Bank, US Bank and Wells Fargo. Some credit unions also accept alternative forms of ID.

How much does a NIE cost in Spain?

In 2021, the fee is 9.74 euros.

How much does it cost to get a NIE number?

You can also apply for it at the Spanish Embassy in your country of residence. EU citizens need to apply for an NIE number if they plan to stay in the country for more than 3 months. The NIE number in Spain costs between 15 and 20 Euros.