How to open a bank account in Spain in 2026

Whether you're moving to Spain permanently, buying property, or spending extended periods there, having a local bank account is essential for day-to-day life. From paying utility bills to receiving your salary or pension, a Spanish bank account helps you avoid foreign transaction fees and simplifies financial management.

Do I need a bank account in Spain?

Technically, you don't need a Spanish bank account to live in Spain, but it is highly recommended. Many essential services—like internet, mobile contracts, local taxes, and rental payments—require a local account.

If you're working, receiving a pension, or buying property (with or without a mortgage), a Spanish bank account is crucial. Notaries, utility providers, and municipal services will expect it, and ongoing costs such as council tax (IBI), electricity, and water are typically set up as direct debits from a Spanish account.

Which are the most popular bank accounts in Spain?

There are two main types of accounts to consider: resident and non-resident accounts. Requirements differ depending on residency status, documentation, and tax obligations.

Popular banks for expats in 2026 include:

• Santander – English-language services, widely used across Spain and the UK.
• CaixaBank – Known for strong customer service and expat-friendly accounts.
• BBVA – Good online banking experience and low fees.
• Sabadell – Popular with British expats, English support available.
• ING – Fully online bank, ideal for digital-first users.

You’ll typically choose between a current account (everyday use) or a savings account. Some banks offer expat packages with multi-currency support, English-speaking advisers, and lower international transfer fees.

Can I open a bank account in Spain as a non-resident?

Yes. Non-residents can open accounts, though the process is slightly different than for residents. You’ll need:

• A valid passport or EU ID
• Certificate of Non-Residency (Certificado de No Residente)
• Proof of address in your home country
• Home country tax identification number
• Sometimes proof of income or employment

Non-resident accounts can later be upgraded to resident accounts once you have your NIE, a local address, and proof of residency.

The benefits of having a Spanish bank account

Opening a local bank account offers multiple advantages:

• Avoid foreign transaction fees – Especially important if making regular euro payments.
• Simplify bill payments – Many utilities and local councils require a Spanish account for direct debits.
• Receive local income – Salaries, rental income, or pensions are easier to manage with a Spanish IBAN.
• Access credit and financial services – Needed for mortgages, loans, or credit cards.
• Improve financial credibility – Banking history helps with residency, taxes, or future property purchases.

Maximise your funds with smart currency exchange

Even with a Spanish bank account, planning how you transfer your money is crucial. All large payments—rent, deposits, utilities, taxes, or property costs—must be made in euros. If your funds are in another currency, even small differences in conversion rates can add up to hundreds or thousands of euros. Using a specialist service to secure a competitive rate is one of the smartest ways to save money and maximise your budget. For simple, secure international transfers, consider idealista’s currency exchange service.

How to open a bank account in Spain: step-by-step

Opening a bank account in Spain is relatively straightforward, particularly if you go into the process prepared.

1. Choose your bank
Research banks that cater to expats or offer English-language support. Decide between a traditional bank with branches or a digital-only option.

2. Decide between resident or non-resident account
If you’re not yet living in Spain full-time, start with a non-resident account. Resident accounts offer better terms and more flexibility.

3. Gather your documents
Prepare:

• Passport or EU ID card
• NIE (for residents) or Certificate of Non-Residency (for non-residents)
• Proof of address
• Proof of income or employment

4. Visit the bank or apply online
Many banks still require in-person visits, though some (BBVA, ING) allow online registration for residents. Non-residents may need an appointment.

5. Sign the agreement
Review monthly fees, card charges, and transaction limits. Some accounts are fee-free with a minimum deposit or salary/pension direct debit.

6. Activate your account
Receive your bank card, activate online banking, and download the app for easy money management.

Getting started with banking in Spain

Opening a bank account in Spain as a foreigner in 2026 is straightforward with the right preparation. Whether you’re buying property, retiring, or spending part of the year in Spain, a local account saves time, avoids extra fees, and gives you full control over your finances. Combined with smart currency exchange, it ensures your funds go further and your transition to life in Spain is smooth.