Is it easy to open a bank account in Spain?

Can foreigners open a bank account in Spain?

Yes, a foreign non-resident in Spain can open a bank account. To do so, they must take an ID document (normally a passport) and a certificate of non-residency to any of our branches. Other documents may be requested according to the product they wish to contract.

What is required to open a bank account in Spain?

In order to open a bank account in Spain, you’ll need the following documents to hand¹:

  • A valid passport or other acceptable proof of identity.
  • Proof of address.
  • Proof of your employment status – such as an employment contract signed by your employer. …
  • Spanish foreigner identification number (NIE) and certificate.

Can you open a bank account in Spain without a NIE?

You don’t need a NIE Number in Spain to open a Bank Account.

Can you open a bank account in Spain online?

Can I open an account remotely or online? Yes, you can apply for a resident bank account online. In some cases, you can also apply for a non-resident bank account online. Either way, you’ll need to visit a branch or meet with a customer representative in order to hand over your documentation.

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Is my money safe in a Spanish bank account?

How Safe Is Your Money? The Spanish Deposit Guarantee Fund guarantees 100,000€ per account holder per bank. However just because a bank is located in Spain doesn’t mean it’s included in this scheme. Other EU banks are normally covered by their respective country.

Which bank in Spain is best for expats?

Best Banks in Spain for Expats

  • BBVA Bank Spain. When it comes to opening a bank account in Spain and particularly for non-residents, the BBVA Bank Spain is definitely a choice to have in mind. …
  • Banco Popular. …
  • Santander Bank. …
  • Sadabell Bank Spain. …
  • Bankia Spain. …
  • Revoult Spain. …
  • N26 Online Bank. …
  • TransferWise.

Where can you open a bank account without being a resident?

However, larger banks such as US Bank, TD Bank, Bank of America, Chase, and Wells Fargo will allow non-residents to set up a checking account and a savings account. Instead of your SSN, they’ll ask for an Individual Taxpayer Identification Number (ITIN) and other documents.

Can you open a bank account with a passport?

Identification Requirements

You must present a valid form of photo identification when you open a checking account. When you seek to open a new account, the bank is required by law to obtain a valid form of photo ID. … The passport must be valid and not expired in order to use it to open a checking account.

How long does it take to get NIE in Spain?

However, it is necessary to do it well in advance, at least one or two months. All you have to do is contact the nearest Spanish embassy and they will tell you the documents you have to send them. Once your application has been processed, you will receive your NIE within a few days.

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What is the difference between NIE and tie Spain?

The digits that make up the NIE never change. … On the other hand, the TIE (Foreigner Identity Card) is focused on staying in Spain for a specified period and only serves to prove the stay of EU citizens.

How much does it cost to get an NIE number in Spain?

As a non-European Union citizen you must pay a NIE Spain number tax fee around 10.71 euro. On the application form it will identify that you must bring the tax amount to a bank with Form 790. The bank will give you a receipt (resguardo).

How can you avoid bank charges in Spain?

The only way to avoid this charge is to meet the criteria of a ‘loyal’ and active customer. This means that you should: Have a salary of pension of at least €600 a month deposited into your account OR. have at least €20,000 in investment funds, pension plans or other financial products secured with the bank.

What do I need to open a bank account online?

Here’s what you’ll need:

  1. Social Security Number, Tax ID Number or other identification;
  2. Valid U.S. or foreign government-issued driver’s license or ID with your picture; and.
  3. Routing and account numbers or debit card information for another bank account you have to make an initial deposit.

Which Spanish bank accounts are free of charges?

Credit and debit cards

  • N26.
  • Revolut.
  • Wise Borderless.
  • BBVA.
  • Self Bank.
  • Open Bank.
  • Banc Sabadell.
  • ING Direct.