Which Spanish bank is best for non-residents?
Having great choices for banking is nice to have, especially if you are a non-resident or expat. With BBVA you get an account with the second largest Spanish bank that is recognized throughout Spain. All services provided by BBVA are simple to use and are acessible through a bank branch or mobile app.
Is there free banking in Spain?
There are a number of things you might want to consider, such as: costs – not many bank accounts in Spain are completely free but basic current accounts are usually low-cost.
Do you need a Spanish bank account to live in Spain?
It isn’t compulsory to have a Spanish bank account if you live, work or study in Spain, but life can be difficult without one. You’ll need a way to get paid by your employer, and to pay your bills and everyday expenses.
Is my money safe in a Spanish bank account?
How Safe Is Your Money? The Spanish Deposit Guarantee Fund guarantees 100,000€ per account holder per bank. However just because a bank is located in Spain doesn’t mean it’s included in this scheme. Other EU banks are normally covered by their respective country.
Can I open a bank account in Spain as a non resident?
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. Other documents may be requested according to the product they wish to contract.
Which Spanish bank accounts are free of charges?
After spending many hours in online research, speaking to people and visiting bank branches, these were my shortlisted banks:
- Wise Borderless.
- Self Bank.
- Open Bank.
- Banc Sabadell.
- ING Direct.
Which banks dont charge ATM fees in Spain?
ATMs Fees in Spain
- Kutxabank: no fees.
- iberCaja: no fees.
- Banca March: no fees.
- CaixaBank: no fees (some people in the comments reported a fee)
- Abanca: €0.80.
- Bankia: €1.75.
- Sabadell: €1.80.
- BBVA: €1.87 (€6 reported by some people in the comments)
How can you avoid bank charges in Spain?
Not all clients have to pay bank fees
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)
Can I open bank account online in Spain?
The Fee-Free Online Account is only for new customers who live in Spain. It can be opened 100% online through bbva.es and the BBVA app. You can view your account entries and account statement from our website or on your cell phone or tablet.
Can I have a UK bank account if I live in Spain?
Those living abroad will almost certainly hold a local bank account, and they have a legal right to a basic bank account in the EU country they live in, meaning a UK bank can offer them banking services but without add-ons like overdrafts.
Should I open a bank account in Spain?
Moving to Spain, whether on a part time or full time basis, will require that you open a Spanish bank account to receive payment either from your salary, pension or from your holdings in the UK and abroad.
Can I open a Santander bank account in Spain?
To open this account, all you need is to be over 18 years of age and to be non-resident in Spain.