10.01.2025 
Introduction
Spain is a popular destination for foreigners due to its stable economy, mild climate, and high living standards. One important step when relocating is opening a bank account. In this article, we will explain which banks offer the most favorable conditions for non-residents and residents, and review the process of opening an account.
The Best Banks in Spain for Foreigners
Banco Santander
Santander offers a non-resident account called Cuenta Mundo. The maintenance cost is 16 euros per month. Customers have access to online banking, free cash withdrawals at Santander ATMs, and a debit card.
BBVA
BBVA attracts customers with no maintenance fees during the first year. Convenient terms for non-residents are also available, including free cash withdrawals at BBVA ATMs. You can open an account online or in a branch with the necessary documents.
CaixaBank
CaixaBank allows you to open an account online or in a branch. Standard documents are required, such as a passport or NIE (Foreigner Identification Number).
Banc Sabadell
Banc Sabadell offers the Key Account for non-residents. It includes debit and credit cards, as well as convenient conditions for international transfers. You can use the online application to open an account.
How to Open a Bank Account in Spain
Documents for Residents
- National ID (DNI) or NIE.
- Proof of address.
Documents for Non-Residents
- Valid passport.
- Non-resident certificate (obtained at a police station).
Steps to Open an Account
- Choose a bank and a suitable offer.
- Prepare the necessary documents.
- Visit a branch in person or complete an online application.
- Sign the contract and receive the card.
Advantages of Opening an Account in Spain
- Security of funds.
- Convenient transactions within the EU.
- A wide range of financial tools.
Conclusion
Opening a bank account in Spain is a reliable solution for managing your finances. Learn about the terms offered by different banks, prepare the required documents, and choose the best option for your needs.
