Setting up a bank account in a new country might seem overwhelming at first, but with the right guidance it can actually be quite simple. If you’re heading to Spain for work, studies, or a longer adventure, having a local bank account will make your daily life a lot smoother.

This guide will help you get to know the banks of Spain as well as help you understand the Euro a little better. We'll also let you know what kinds of documents you will need before applying to a bank and finally some useful tips.

Currency in Spain 

Spain, like most of Europe uses the Euro (€) as its official currency (more on this in our currency exchange guide). Having access to a local bank account ensures you avoid foreign exchange fees and simplifies transactions if you are earning or spending money in Euros. Spain’s banking system is well integrated with the SEPA (Single Euro Payments Area) system. This means payments across European countries are convenient and efficient.

Before opening your account it’s worth confirming what types of accounts the bank offers and whether they cater to international customers or expats.

Best banks in Spain for newcomers

Spain offers a good mix of traditional and online banks, and many cater specifically to expats and non-residents. Here’s a quick rundown of some popular options to help you choose the right fit:

Banco Santander

A trusted name across Europe, Santander is known for its wide branch and ATM network. Great if you like in-person service.

• Perk for newcomers: The “Cuenta Mundo” account is designed for expats and includes fee-free EU transfers.

• Why choose it?: Easy access to English-speaking staff and global reach.

BBVA

Tech-forward and user-friendly. BBVA stands out for its slick mobile app and intuitive online platform.

• Perk for newcomers: Budgeting tools and insights are built into the app.

• Why choose it?: Perfect if you prefer to manage everything digitally, with minimal paperwork.

CaixaBank

Strong in regions like Catalonia, CaixaBank puts emphasis on personal service and local community banking.

• Perk for newcomers: Many branches have multilingual staff and services tailored to foreigners.

• Why choose it?: A good option if you want to set up joint accounts or long-term savings products.

Sabadell

Popular among expats, Sabadell has experience helping non-residents settle in.

• Perk for newcomers: English-speaking customer service and free accounts if you meet minimum deposit rules.

• Why choose it?: The onboarding process is simple, and they understand what expats need.

ING España

If you’re looking for something minimalist and online-only, ING is worth considering.

• Perk for newcomers: No-fuss, no-fee accounts with all the basics covered.

• Why choose it?: Ideal for digital nomads, students, or anyone who prefers banking from their phone.

Documentation needed 

To open a bank account in Spain, you’ll need to provide specific documents. The requirements may vary slightly depending on the bank, but in general, you should prepare the following:

• Passport or National ID: A valid form of identification is essential.

• NIE (Número de Identificación de Extranjero): This is your foreigner identification number, required for virtually all financial transactions in Spain. If you don’t have it yet, consult your nearest immigration office.

• Proof of address in Spain: A rental contract, utility bill, or similar documentation will suffice. Some banks may accept temporary accommodation addresses for non-residents.

• Proof of income or employment (optional): This may be requested, especially if you’re applying for a resident account or one with special perks.

• Non-Resident Certificate (Certificado de No Residente): If you are not officially residing in Spain, most banks will require this document, which can be obtained from a local police station or the bank itself.

Many banks offer simplified account options for non-residents, so double-check with your chosen provider if you’re unsure about any of the above requirements.

Tips for opening a bank account in Spain as a non-resident

Here are a few practical pointers to make the process smoother:

• Start with a non-resident account: These are easier to open when you first arrive. You can always upgrade to a resident account once you’ve sorted out your paperwork (like your NIE or residence card).

• Compare fees and services: Some banks charge maintenance fees or fees for foreign transfers. Look for options that waive these if you deposit your salary or meet a monthly minimum.

• Go digital if you can: Online banks and mobile apps can save you a lot of time, and many don’t require as many documents to get started.

• Bring translations: Not all bank branches have English speaking staff. Translated documents (even unofficial ones) can speed things up and reduce misunderstandings.

• Visit in the morning: Most bank branches operate from 8 AM to 2 PM, Monday to Friday. Arriving early helps you avoid long lines.

• Don’t stress about perfection: Spain is pretty relaxed about paperwork, just have your basics ready and bank staff will often help you figure out the rest.

Final thoughts 

Opening a bank account in Spain is an essential step in making your time in the country smooth and convenient. From cutting down on currency conversion fees to simplifying payments, having a local account is worth the effort. 

Looking for more tailored advice? Visit your nearest branch of one of the banks listed above, or speak with an expert who can guide you through obtaining the necessary documentation and selecting the right account for your needs. 

With the right preparation (and perhaps a bit of patience), you’ll feel at home navigating the Spanish banking system in no time!