Banking & Finances
Updated requirements for opening a bank account in Spain (2025)
Published: August 2025
Opening a bank account is one of the first and most important steps for anyone moving to Spain. Whether you’re relocating for work, study, retirement, or as a digital nomad, having a Spanish bank account makes daily life much easier. In 2025, Spanish banks have introduced new rules and digital processes that affect both residents and non-residents. This comprehensive guide covers everything you need to know about opening a bank account in Spain as a foreigner, including the latest requirements, practical tips, and common pitfalls to avoid.
Why you need a spanish bank account
A local bank account is essential for:
- Receiving your salary or pension
- Paying rent and utility bills
- Setting up internet and mobile phone contracts
- Shopping online or in stores
- Transferring money internationally at lower fees
- Accessing local services and government benefits
Types of bank accounts in spain
- Resident Account: For those officially living in Spain with a registered address (empadronamiento). Offers full access to all banking services.
- Non-Resident Account: For foreigners who spend less than 183 days a year in Spain. Easier to open, but with some limitations (e.g., higher fees, limited credit options).
- Online/Digital Accounts: Many banks now offer 100% online accounts with lower fees, ideal for digital nomads and frequent travelers.
Key requirements in 2025
- Digital Identification: Most banks now require digital ID verification, either via video call or in-branch digital kiosks. Bring your passport, NIE (Foreigner Identification Number), and proof of address.
- Proof of Address: Recent utility bill, rental contract, or empadronamiento certificate.
- Proof of Income/Employment: Especially for non-resident accounts or if you want credit facilities. This can be a work contract, payslips, or bank statements.
- Tax Identification Number: Some banks will ask for your home country’s tax number for compliance.
- Initial Deposit: Some banks require a small deposit to activate the account (typically €50–€300).
- Enhanced Anti-Money Laundering Checks: Be prepared to answer questions about the source of your funds and the intended use of the account.
How to open a bank account: Step-by-step
- Choose the right bank:
- Major banks include Santander, BBVA, CaixaBank, Sabadell, and Bankinter. Many offer services in English and have international branches.
- Compare fees, online banking options, and English-language support.
- Gather your documents:
- Passport (and visa if applicable)
- NIE (if you have one)
- Proof of address in Spain
- Proof of income or employment (if required)
- Tax identification number from your home country
- Apply online or in person:
- Many banks now allow you to start the process online. You may need to visit a branch to complete ID verification.
- If you’re not fluent in Spanish, ask for an English-speaking advisor or bring a friend/translator.
- Complete digital verification:
- Follow the bank’s instructions for video verification or digital signature.
- Upload or present your documents as requested.
- Activate your account:
- Once approved, you’ll receive your account details and debit card. Set up online banking and download the bank’s app for easy access.
Common pitfalls and how to avoid them
- Not having all documents ready – double-check requirements before your appointment.
- Language barriers – use banks with English-speaking staff or digital onboarding in English.
- Choosing an account with high fees – always read the fee schedule and ask about hidden charges.
- Not updating your address or residency status if you move within Spain.
- Assuming you can use your home country’s debit/credit card for everything – many services require a Spanish IBAN.
Tips for expats and digital nomads
- Consider online banks (Revolut, N26, Wise) for easy setup and low fees, especially if you travel often.
- Open your account as soon as possible after arriving – you’ll need it for most contracts and official paperwork.
- Keep digital copies of all documents and correspondence with your bank.
- Ask about multi-currency accounts if you receive income in other currencies.
- Be patient – Spanish bureaucracy can be slow, but digital processes are improving.
FAQ
Frequently Asked Questions – Opening a Bank Account in Spain
Can I open a Spanish bank account before moving to Spain?
Some online banks and international branches allow you to start the process from abroad. However, most traditional banks require proof of address in Spain before opening a full account.
Is it possible to open a bank account without a NIE?
Yes, some banks offer non-resident accounts without a NIE. For a full resident account and most official paperwork, a NIE (Número de Identificación de Extranjero) is required.
What fees should I expect?
Monthly account fees usually range between €0–€15, depending on the bank and type of account. Always check carefully for hidden charges such as ATM withdrawals, card fees, or transfer costs.
Which are the main Spanish banks?
Some of the most well-known banks include:
– Banco Santander
– BBVA
– CaixaBank
– Banco Sabadell
– Bankinter
– Unicaja Banco
These banks all offer a variety of resident and non-resident account options.
What documents are required to open an account?
Generally you will need:
– Passport or national ID
– Proof of address (rental contract, utility bill)
– NIE certificate (for residents)
– Proof of employment or student status in some cases
Requirements vary by bank and by account type.
Can foreigners open joint accounts?
Yes, most banks allow joint accounts. Both account holders must provide identification and, if applicable, NIE numbers.
Are online-only banks an option in Spain?
Yes, digital banks and fintechs are becoming popular in Spain. They often offer lower fees, but traditional banks may still be preferred for mortgages, in-person service, or large financial transactions.
What is a non-resident account?
A non-resident account is designed for foreigners living abroad or staying temporarily in Spain. It requires fewer documents but may have higher fees and fewer benefits compared to resident accounts.
Can I get a mortgage with a non-resident account?
Yes, some Spanish banks offer mortgages to non-residents, but conditions are stricter. Typically, non-residents can borrow up to 60–70% of the property value compared to higher percentages for residents.
Disclaimer: This article is for informational purposes only and does not constitute financial or legal advice. Always confirm requirements with your chosen bank.
