Opening a bank account is a crucial step for expats moving to Spain, whether you're planning to live, work, or study. A local bank account simplifies payments, transfers, and everyday transactions. This guide will walk you through the process, requirements, and best practices for setting up your Spanish bank account.

1. Choose the Right Bank

Spain has a variety of banks, including traditional institutions like Santander and BBVA, as well as online banks such as N26 and Revolut. Consider your needs, such as international transfers, low fees, or English-speaking services, when choosing a bank.

Research the options available in your area and check reviews to find a bank that aligns with your requirements.

2. Gather the Necessary Documents

To open a bank account in Spain, you’ll typically need the following documents:

• Valid passport or national ID
• Spanish NIE (Foreigner’s Identification Number)
• Proof of address (e.g., utility bill or rental contract)
• Proof of employment or income (for certain account types)

Some banks may have additional requirements, so it's a good idea to confirm with your chosen bank beforehand.

3. Decide Between Resident and Non-Resident Accounts

Spain offers two main types of bank accounts: resident and non-resident. Resident accounts are for those living in Spain and require proof of residency, while non-resident accounts cater to those living abroad but needing a Spanish account. Choose the one that suits your status and needs.

4. Visit the Bank or Apply Online

For traditional banks, you’ll need to visit a branch to complete the account opening process. Ensure you bring all required documents and be prepared for a short interview. Many banks now also offer online applications, which can save time and effort.

5. Understand Fees and Services

Bank fees in Spain can vary widely. Some accounts charge monthly maintenance fees, while others offer free banking with conditions such as regular deposits. Ask about additional charges for international transfers, ATM usage, and card issuance.

Review the bank’s online banking services and mobile app features to ensure they meet your expectations.

Opening a bank account in Spain is a straightforward process with the right preparation. By choosing the right bank, gathering necessary documents, and understanding the account options available, you can set yourself up for financial ease during your time in Spain.