Quick Answer: How can a foreigner open a bank account in Spain?

What is the requirements to open bank account in Spain?

The documents you will need to open a resident bank account in Spain are:

  • Your valid/unexpired passport.
  • Your national identity card (for EU citizens).
  • Proof of address in Spain, such as a utility bill (less than 3 months old) or recent Spanish bank statement.
  • Your Spanish NIE number (Foreigners’ Identification Number).

Can I open a Spanish bank account without an NIE number?

Yes, depending on the type of bank you are able to open a bank account without your NIE number. Some banks that offer the possibility to open a bank account without a NIE number: LaCaisa, Bankinter, Santander and Sabadell.

Can I open a non-resident Spanish bank account online?

Open a bank account even you are not living in Spain

Yes, you can apply for a resident’s bank account online. In some cases, you can also apply for a bank account as a non-resident online. Either way, you will need to visit a branch or meet with a financial advisor to submit the paperwork.

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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.

Is it easy to open a bank account in Spain?

Spain has a big expat community; as a result, there are many banks that cater their services towards expats. Opening a bank account in Spain is fairly straightforward, although there has been a tightening of regulations since the 2008 financial crisis.

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.

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).

Can I keep a UK bank account if I live in Spain?

Those living abroad will almost certainly hold a local bank account, and they have a legal right to a basic bank account in the EU country they live in, meaning a UK bank can offer them banking services but without add-ons like overdrafts.

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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.

What is non-resident bank account?

Non-Resident bank accounts are those, which are maintained by Indian nationals and Persons of Indian origin resident abroad, foreign nationals and foreign companies in India.

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.

Where can I open a bank account without residency?

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.