Opening a Spanish Bank Account: What You Need & How It Works

Thinking of opening a bank account in Spain? Whether you’re moving to the Costa Blanca, buying a property, or staying long-term, a Spanish bank account will make life a lot easier — and in some cases, it’s even required.

In this guide, we’ll walk you through what types of accounts exist, what documents you need, and how the whole process works for both residents and non-residents.

🏦 Do I Need a Spanish Bank Account?

Not always — but it’s highly recommended. Here’s why:

✅ Makes it easier to pay bills, receive salaries, or set up utilities
✅ Needed to get a mortgage or buy property
✅ Essential if you’re planning to work, study, or live here long term
✅ Some services (like insurance or mobile plans) may require one

👥 Resident vs. Non-Resident Accounts

Spain offers two main types of bank accounts:

💡 Non-resident accounts are ideal if you’re not living full-time in Spain but want to buy property, receive payments, or manage finances here.

📄 Documents You’ll Need

Requirements may vary slightly between banks, but generally, you’ll need:

• For Non-Residents:

  • Valid passport or national ID

  • Your NIE number (See how to get one)

  • Non-resident certificate (Certificado de no residente) – issued by police or requested by the bank

  • Proof of income or employment (sometimes)

  • Address (can be abroad)

• For Residents:

  • Valid passport or ID

  • NIE

  • Proof of address in Spain (rental contract or utility bill)

  • Proof of income (job contract, pension, tax return, etc.)

🏦 Popular Banks in Spain

Here are a few national and regional options, including some digital banks that are English-friendly:

💡 Tip: Check for maintenance fees and ATM usage policies — they vary a lot between banks.

💰 Can I Open a Bank Account Online?

Some banks now offer online applications, especially for non-residents. You’ll still likely need to:

• Upload your documents

• Verify your identity via video call

• Sign a digital contract

Digital banks like N26 or Revolut are even easier to set up — but may lack certain local features (e.g. Spanish IBAN).

🏡 Opening a Bank Account to Buy Property in Spain

If you’re planning to buy a home in Spain, a bank account is a must. You’ll need it to:

• Transfer money for the purchase

• Pay notary and registry fees

• Set up utilities and property taxes

• Settle your mortgage (if applicable)

💳 Debit Cards, Transfers & Payments

Most accounts come with:

• A free debit card

• Access to SEPA bank transfers (free within the EU)

• Online & mobile banking

Some banks may also offer:

• International debit cards (Visa or Mastercard)

• Cashback or points programs

• Bill pay features for Spanish utilities and taxes

🧾 Fees to Watch Out For

Spanish banks often charge monthly maintenance fees, especially for non-residents or inactive accounts.

Average fees:

• Monthly account fee: €3–€15

• ATM withdrawals at other banks: €1–€3

• Card renewal: €10–€30 (some banks include it)

💡 Tip: Some banks waive fees if you set up a direct deposit, use the card monthly, or are under 26.

🧭 How Long Does It Take?

• In-person: You can usually walk out with your account open the same day.

• Online: 1–3 working days, depending on the bank and your documentation.

✅ Editor’s Conclusion

Opening a Spanish bank account isn’t difficult — but choosing the right one can save you a lot of stress (and fees). Whether you’re moving to the Costa Blanca, buying property, or just want to make local payments easier, it’s worth getting one sorted early.

Already have your NIE? Then you’re halfway there.

❓Frequently Asked Questions