Opening a Bank Account in Spain
of the service
1 300 EUR*
a bank account
opening type
Advantages of opening an account in Spain
In addition to the services for citizens of the country, there is an opportunity to open a bank account in Spain for non-residents. The country’s legislation allows this. Any person who has reached 18 years of age can create an account. However, it is important to know that not all banks in Spain offer such services to non-residents. Therefore, it is important to choose an organization that provides this opportunity.
Before opening an account in Spain, you need to prepare the documents and make a notarized translation into Spanish. Only after this can you begin the registration procedure.
Another popular question is whether it is possible to open a bank account in Spain online. Unfortunately, such services are not provided online. It is possible to submit documents for consideration and conclude the contract remotely. However, in order for the account to be opened, you will have to undergo verification. To do this, you will need to be present at any branch of the bank where you plan to open an account.
Advantages of opening an account in Spain
The high degree of security of funds
There is a wide selection of banks where you can open an account
The ability to send and receive money from EU countries without restrictions
Opportunity to buy property in Spain
What to look for when opening a bank account in Spain?
Does the bank work with non-residents?
Commissions and fees
Necessary services
Account type
The answer to the question, ‘How much does it cost to open an account?’ largely depends on the list of necessary services and the type of bank.
- Banco Santander;
- BBVA;
- Banc Sabadell;
- Caixa Bank.
List of documents
For individuals, providing the following documents is obligatory:
- Passport or other identification document.
- Taxpayer Identification Number.
- Confirmation of residential address.
- Documents confirming the origin of your money (certificate of income).
- Resume (CV).
For legal entities, the following package of documents is required:
- Constituent documents of a legal entity.
- Identity cards of the director, shareholders of the company, and account manager (if it is not the director).
- Power of attorney for the account manager (issued by the director if the manager opens the account).
- Agreements with partners.
- Documents confirming the origin of the company’s money and financial security.
The legal company Lawtter Solutions assists clients in opening accounts. Our company’s specialists have extensive experience in providing such services. The procedure begins with a consultation. We help you choose a bank that offers the necessary types of accounts and acceptable conditions.