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Bank Account Opening in Spain
Created: 13.01.2021, 12:36, Updated: 17.02.2025, 14:24
Why do I need a bank account in Spain?
If you're planning to buy property in Spain, having a local bank account is essential. You’ll need it to transfer funds, apply for a mortgage, pay utility bills, or contribute to community maintenance fees for your new home. Opening a bank account in Spain is usually straightforward, but there are a few details you should be aware of.
What do I need to open a bank account?
Spain Homes supports clients at every stage of the purchase process, including helping with bank account opening to ensure a smooth experience. Spanish banks offer different account options for residents and non-residents. It's important to determine which type of account you need, as the required documents may differ.
List of documents required for non-residents:
If you're planning to buy property in Spain, having a local bank account is essential. You’ll need it to transfer funds, apply for a mortgage, pay utility bills, or contribute to community maintenance fees for your new home. Opening a bank account in Spain is usually straightforward, but there are a few details you should be aware of.
What do I need to open a bank account?
Spain Homes supports clients at every stage of the purchase process, including helping with bank account opening to ensure a smooth experience. Spanish banks offer different account options for residents and non-residents. It's important to determine which type of account you need, as the required documents may differ.
List of documents required for non-residents:
- Valid passport
- NIE or TIE (Spanish foreigner identification number/card)
- Proof of address (e.g., a utility bill or official government letter)
- For non-EU citizens: proof of income or the latest tax return
- Depending on the bank, you may also need proof of employment or income.
Yes, depending on the type of account and the bank. Some Spanish banks allow non-residents to open accounts from abroad, meaning you can start the process before moving to Spain. However, applying in person is usually recommended to avoid translation or website issues. Another option is granting a power of attorney.
Yes, you can open a non-resident account in Spain. Just be sure to have all the required documents listed above.
The timeframe varies by bank, but accounts are usually opened quickly—typically within 1 to 5 days if your documents are in order. If you send us a copy of your passport and a utility bill before arriving in Spain, we can help prepare your documents in advance and speed up the process. Checkbooks and debit/credit cards are usually delivered within two weeks.
