Both Residents and non-residents are able to open a bank account in Spain. Here we guide you through the process and also help you with the documentation you might need
If you plan on staying in Spain for longer than six months, you will probably need a bank account. For foreigners in Spain, there are two types of bank accounts: resident and non-resident accounts
According to Spanish law, to be considered a resident, a person must live in Spain for more than half the year, be based in Spain for professional reasons or have a spouse or child under 18 who are permanent residents.
To open the account the following is required:
* photographic proof of identity (passport or ID card)
* proof of occupation or status (employment contract/payslip, letter from accountant/lawyer, pension or disability payment confirmation, student card).
* NIE number
* confirmation of addres (utility bill, driving licence or council tax bill; issued within the last 3 months)
If you have all the above, you should be able to open an account immediately although it make take a few days for cards & cheque books to come through.
What do the numbers mean on my account?
Your account will always have 20 numbers
XXXX XXXX XX XXXXXXXXXX
* The first four numbers are the Entity (entidad) = The bank with whom the account is held. Always four digits
* The second two numbers are the Branch (sucursal or oficina) = The number of the branch where the account is held. Always four digits
* The next two numbers are the Control Digit (Dígito Control, or D.C.) = An internal bank code. Always two digits
* The final 10 numbers are the account Number (número de cuenta) = The personal account number. Always ten digits