If you’re planning to move to Spain or spend extended periods here, opening a Spanish bank account is one of the first and most important steps you’ll need to take. Whether you’re buying a property, renting long-term, or simply need a local account for daily expenses, having a Spanish bank account makes life significantly easier. This guide walks you through the process, required documents, types of accounts, and what to expect as an expat or non-resident.
Spain remains a largely cash-friendly country, but direct debits, utility bills, property purchases, and even internet services often require a local bank account. Opening a Spanish bank account gives you access to local payment systems, faster transactions, and reduced currency conversion fees. It also helps when applying for residency, securing a mortgage, or receiving income locally.
There are two main types of accounts available, depending on your residency status:
Resident Account
Designed for individuals who are legally resident in Spain. These accounts often offer more flexible services, lower fees, and access to credit options.
Non-Resident Account
Ideal for those who do not yet have Spanish residency. This is often the best option for new arrivals, property owners who live abroad, or part-time residents. While services may be more limited, this type of account allows you to operate legally within the Spanish banking system.
The documents required for opening a Spanish bank account vary slightly depending on whether you are a resident or not.
For Residents:
For Non-Residents:
Each bank may apply slightly different requirements, so it’s always advisable to confirm in advance or bring additional identification just in case.
1. Choose Your Bank
Spain has a mix of national and regional banks, some of which offer English-speaking services and online account management. Popular banks for expats often have simplified processes for non-residents and more user-friendly customer service.
2. Prepare Your Documents
Before you visit a branch (or apply online), ensure you have originals and copies of your required documents.
3. Visit the Branch or Apply Online
While some banks allow online applications, most still require you to appear in person at least once to sign the final paperwork and verify your identity.
4. Complete the Application
You’ll fill out a standard application form, provide your documents, and choose account preferences like debit card options or online banking access.
5. Account Activation
Once approved, your account is activated and you’ll receive your account number (IBAN), along with debit card information and access to online banking services.
Spanish banks often charge monthly maintenance fees, so be sure to read the small print. Non-resident accounts may have slightly higher charges or fewer free services. Common fees to watch for include:
When opening a Spanish bank account, ask about free account options or promotional packages available to new clients or residents.
Most major banks in Spain offer online and mobile banking, which is a convenient way to manage your account, pay bills, and transfer money. Some platforms offer English-language versions, which can be especially helpful for expats still learning Spanish.
If you prioritise digital access, be sure to ask whether the bank’s app or web interface offers full features in English and supports international transfers.
Yes. If you start with a non-resident account and later become a resident, many banks will allow you to switch your account type. This often unlocks better fee structures and access to services like overdrafts, credit cards, or mortgages. Simply present your new residency documentation to update your status.
At Heniam, we help expats and new residents handle the practical side of life in Spain. From selecting the right bank to preparing your documents and navigating language barriers, we make the process easy and stress-free.
Contact us today to book a free consultation and take the first step toward settling in Spain with confidence.