The Best Bank Accounts for Expats Moving to Spain
How to Choose the Right Bank Account as an Expat in Spain
If you’re moving to Spain, one of the first steps you’ll need to take is opening a local bank account. Whether you’re working, studying, or renting a room, having a Spanish account makes daily life much easier—from paying rent and bills to getting paid by an employer.
But with so many options available, how do you choose the right bank? This guide will walk you through the best bank accounts for expats, and what you need to open one.
1. Do You Need a Spanish Bank Account?
Technically, some international accounts or fintech apps (like Revolut or Wise) may work temporarily. But for most people living in Spain long-term, a local bank is required for:
✔ Receiving a salary or freelance payments.
✔ Paying rent and utilities (many landlords request a Spanish IBAN).
✔ Accessing public services and fulfilling legal requirements (e.g., empadronamiento, TIE application).
2. What Documents Do You Need?
To open a bank account in Spain, you’ll typically need:
✔ Passport or national ID
✔ NIE (Número de Identificación de Extranjero)
✔ Proof of address in Spain (rental contract or utility bill)
✔ Proof of income or employment (for some accounts)
Some banks also allow non-residents to open an account, although the conditions may differ.
3. Best Banks for Expats in Spain
Here are some of the most popular options for newcomers:
BBVA
- Offers a “Cuenta Online Sin Comisiones” (no-fee account).
- App available in English.
- Easy online account setup.
CaixaBank
- Large branch network and good customer service.
- English-language support at many branches.
- Free accounts available for certain profiles.
Sabadell
- Known for expat-friendly services and English-speaking staff.
- Offers a digital account with no monthly fees.
N26 (Online-Only)
- Fully digital banking with Spanish IBAN.
- No local address required to sign up.
- Great for tech-savvy users and short-term residents.
4. Tips for Choosing the Right Account
✔ Avoid accounts with monthly maintenance fees unless they offer extra services you need.
✔ Check ATM access—some banks charge for withdrawals from other banks' machines.
✔ Use mobile-friendly banks if you prefer managing everything digitally.
✔ Ask about foreign transfer fees if you plan to move money between countries.
Final Thoughts
Opening a Spanish bank account is a key step for anyone relocating to Spain. By choosing a bank that suits your needs—whether that means English-speaking support, no fees, or digital convenience—you’ll make your transition much smoother.
Prepare your documents in advance and compare your options to start your new life in Spain on the right foot.
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