Spanish Banks

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A Guide to Opening a Bank Account in Spain

How to open a bank account in Spain

 


Opening a bank account in Spain is relatively straightforward nowadays and shouldn't take more than 10 minutes.

You may want to consider what your account is for before heading off into the first bank you see. The mortgage rate and hence the savings rates are quite low in Spain and so you may need to consider alternative options if you are looking for high interest accounts.

Another obvious consideration may be the fact that you may need to open an account in a branch where you know they can speak English if you haven't yet mastered the Spanish language - so shop around until you can find the right branch.

Other considerations may include internet banking if you want to manage your account via the internet - perhaps if you return to the UK/Europe on a regular basis.

The actual opening process is very quick. You will need to take with you your passport and NIE number if you have one. You can still open an account without your NIE but you won't be able to apply for a mortgage without one or at least without having put the application in process.

Thats it!

If you intend to open a business account - you will also need to take with you the CIF number, the actual original document and a copy of the Company Simpla (company formation contract) if you have a limited company.

Spanish Banks

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SolBank - Spanish Banks Solbank - is a registered trademark of Banco Sabadell, currently the fourth largest banking group in Spain. Decidedly international in its focus, Banco Sabadell has a presence in 18 countries and agreements with over 1,600 financial institutions worldwide.
BBVA Group - Spanish Bank BBVA - is a multinational financial services group based on people: 95,000 employees, 35 million customers and 1 million shareholders - in 32 countries.
Grupo Santander Bank Grupo Santander - The Group's main business areas are: Retail Banking, Wholesale Banking and Asset Management and Insurance. Santander has more than 129,000 employees, 66 million customers and 2.4 million shareholders.
Banco Popular - Bank in Spain Banco Popular - Founded in 1926, Grupo Banco Popular is the third largest banking group in Spain. More than 75 years of experience are at your service. To find out more about us, please select the option below that best meets your requirements.
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