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.
Can I open a bank account in Spain without a Spanish address?
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.
Do I need a Spanish bank account?
Opening a bank account in Spain is not compulsory but it is virtually unavoidable. … Additionally, most foreign credit cards charge a commission fee for every payment realized within the Spanish territory. So, if you are here for the long term and want to invest or set up a business, you need a Spanish bank account.
Can I open bank account in Spain without NIE?
You don’t need a NIE Number in Spain to open a Bank Account.
Which Spanish bank is best for non residents?
Here are some of the best banks in Spain for non-residents.
- BBVA Bank Spain. …
- Banco Popular. …
- Santander Bank. …
- Sadabell Bank Spain. …
- Bankia Spain. …
- Revoult Spain. …
- N26 Online Bank. …
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.
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.
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.
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.
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.
How much does it cost to get an NIE number in Spain?
As a non-European Union citizen you must pay a NIE Spain number tax fee around 10.71 euro. On the application form it will identify that you must bring the tax amount to a bank with Form 790. The bank will give you a receipt (resguardo). Take the receipt to the location where you had your appointment.
What is non-resident bank account?
NRI Account Meaning:
An NRI Account refers to the accounts opened by a Non-Resident Indian (NRI) or a Person of Indian Origin (PIO) with a bank or financial institution which is authorised by the Reserve Bank of India (RBI), to provide various services.
How do I pay money into a Spanish bank account?
Firstly, the most obvious way of sending money overseas is with a simple bank transfer – just head to your local bank branch with your debit or credit card and the account number of the Spanish bank account in you want the money to be paid into, and the bank does the rest. You can also do this at many ATMs nowadays.
Do Spanish banks do credit checks?
If you know how credit rating works in your home country, you may find it works differently in Spain. … All banks will check if you’re on a debtor list and will also request a CIRBE report before agreeing to allow you credit.
Is Santander a good bank in Spain?
Another great bank that provides the best service possible is Santander bank. Besides offering great bank accounts in Spain, it is also considered one of the best known throughout the spanish banking system. Their solutions and services are easy to use so that transactions run smoothly.
What is the best bank for expats?
Top 9 Checking Accounts for U.S. Expats Living Abroad
- Capital One.
- Alliant Credit Union.
- First Republic Bank.
- Ally Bank.
- Fidelity Investments.
- Navy Federal Credit Union.