Guide to opening a bank account in Spain
If you are going to stay in Spain for longer than six months, you will probably need a bank account. In this article we will tell you about opening a bank account in Spain. You should know that foreigners can have two types of bank accounts, one for residents and another one for non-residents.
To open a bank account if you are non-residentyou need to provide a photo identification document valid in your country, such as a passport or an ID card. Another point to keep in mind is that 15 days after opening the bank account, you must justify your status of non-resident providing a valid non-resident certificate (certificado de no residencia) You can apply for this and collect it at your nearest National Police station.
Thereafter, every two years the bank will perform a check on your non-resident status. In case that you do become a Spanish resident after opening the account, you must notify your residency situation to the bank and give them a copy of your residence card.
Requirements for opening a bank account in Spain
- You must be over 18 years old.
- Official document with photographic proof of identity, such a National Identity Card or a passport from your country of origin.
- To avoid money-laundering, the banks require proof of occupation or status, such as an employment contract, pension or disability payment confirmation, letter from lawyer, student card, etc.
- Confirmation of address trough utility bill or council tax bill (issued within the last three months)
- Residents in Spain also need to produce their Foreigner Identification Number and certificate (NIE or Número de Identificación de Extranjeros)
- Finally, its necessary to bear in mind that, if at the time of opening a bank account in Spain you make the initial deposit in foreign currency, your foreign currency will be converted into Euros. This measure is to avoid any potential problems later.