Spanish Bank Account

 Many banks offer tailored services for foreigners, providing documents and communication in English. Sabadell Bank and BBVA also offer competitive services for foreigners, while Santander has branches in the UK. British banks like HSBC and Barclays have branches in Spain, mainly in large cities, which may not be convenient for everyone unless they are comfortable with online banking.

Bank fees can vary significantly among different banks, with some charging higher fees for similar services. While most Spanish banks do charge fees, there are accounts available for residents that can help avoid these fees, such as a nomina account where a regular amount is deposited, typically over €600. Additionally, many banks do not charge fees on accounts holding larger balances, such as around €50,000.

Holders of non-lucrative or retirement visas may enjoy free banking services, provided they can demonstrate a substantial income or reserves. Spanish banks typically do not issue chequebooks, with payments being made through credit and debit cards or cash. Credit card annual fees usually range from €30-40, with higher fees for gold cards targeting higher earners.

Using an ATM within your banking group is usually free, but using an ATM from another group may incur a €2 fee.



Different online banks may have similar agreements in place for their customers. When opening a non-resident bank account, requirements may vary among banks, but generally, certain documents will be needed to complete the process.

Ensure you have an updated passport, a recent utility bill as proof of address, proof of employment or retirement, and an NIE number. These documents must be translated into Spanish by an officially recognized translator. You may also need a document confirming non-residency, which can be obtained at a police station or through a bank for a fee. Non-resident accounts will have associated charges.

To open a non-resident bank account, you will require the following: An updated passport Evidence of Spanish address such as a utility bill, lease, or copy of the escritura Proof of employment or retirement, such as a work contract or pension NIE number

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