If you plan to purchase a property in Spain, having a bank account is essential. It is required for transferring money, applying for loans, and making payments for utilities or maintenance costs. Opening a bank account in Spain is usually straightforward, but it does require some preparation and specific documents.

Assistance with Opening Your Account
We guide our clients through every step of the process, ensuring that opening a bank account is as smooth and simple as possible. Spanish banks offer different account types for residents and non-residents. Therefore, it is important to determine in advance which type of account you need, as the required documents vary depending on the account type.

The documents generally required for non-residents include:

Additionally, depending on the bank, further documents may be required, such as proof of employment or income statements.

 

Can I Open My Bank Account Remotely or Online?
In some cases, this is possible, depending on the type of account and the bank. Many Spanish banks allow non-residents to open an account before moving to Spain. However, it is recommended to apply in person to avoid misunderstandings due to language or technical barriers. Alternatively, you can grant a power of attorney to facilitate the process.

 

Can I Open a Bank Account as a Non-Resident?
Yes, even as a non-resident, you can easily open a bank account. The documents mentioned above are essential.

 

How Long Does the Process Take?
The duration varies depending on the bank, but generally, accounts are opened within 1 to 5 days if all documents are complete. If you send us copies of your passport and a recent electricity bill before your arrival in Spain, we can prepare the necessary documents and speed up the process. Checkbooks and credit cards are usually delivered within two weeks.

Do you have any further questions about a bank account or financing a property in Spain? Feel free to contact me – I am happy to assist you!