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Do I need a Spanish bank account?

Do I need a Spanish bank account?

Old Sep 10th 2020, 3:52 pm
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Default Do I need a Spanish bank account?

Hi,

I am planning to move to Granada, Spain before 2021 to apply for residency. I have read some cities don't require you to open a Spanish bank account and your UK one will suffice. Does anyone know about Granada?

Cheers,

Hannah
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Old Sep 10th 2020, 4:39 pm
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Default Re: Do I need a Spanish bank account?

Originally Posted by hedley_01 View Post
Hi,

I am planning to move to Granada, Spain before 2021 to apply for residency. I have read some cities don't require you to open a Spanish bank account and your UK one will suffice. Does anyone know about Granada?

Cheers,

Hannah
Surely you will need one to pay utility bills at least?
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Old Sep 10th 2020, 5:07 pm
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Default Re: Do I need a Spanish bank account?

Originally Posted by hedley_01 View Post
Hi,

I am planning to move to Granada, Spain before 2021 to apply for residency. I have read some cities don't require you to open a Spanish bank account and your UK one will suffice. Does anyone know about Granada?

Cheers,

Hannah
I'm not sure about Granada but here in the Alicante region the authorities want to see a Spanish bank account with regular income being paid into said account for the last three months. They also want the statements stamped and signed by the bank personal. I also had to have a letter from the bank to prove that those statements were in fact true statements from my account!! I do understand that some areas will accept a UK bank account but I would imagine that they will want the 3 months statements translated into Spanish and legalised by a Notary.

One reason for the Spanish bank account is that the authorities may want proof by way of everyday payments going in and out of said account to actually prove you are living in Spain.

Steve
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Old Sep 10th 2020, 5:36 pm
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Default Re: Do I need a Spanish bank account?

Why would you not open a Spanish bank account?
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Old Sep 10th 2020, 6:55 pm
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Default Re: Do I need a Spanish bank account?

Originally Posted by hedley_01 View Post
Hi,

I am planning to move to Granada, Spain before 2021 to apply for residency. I have read some cities don't require you to open a Spanish bank account and your UK one will suffice. Does anyone know about Granada?

Cheers,

Hannah

How do you currently pay your utility bills in Spain? We have a Spanish online account which is fee free but unsuitable for a residency application in alicante, it may be different in Granada. I don't know of any areas that will accept UK bank statements alone that only show that you're currently resident in the UK.
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Old Sep 13th 2020, 7:10 pm
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Default Re: Do I need a Spanish bank account?

Originally Posted by hedley_01 View Post
Hi,

I am planning to move to Granada, Spain before 2021 to apply for residency. I have read some cities don't require you to open a Spanish bank account and your UK one will suffice. Does anyone know about Granada?

Cheers,

Hannah
The Spanish tax authorities will need a Spanish bank account
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Old Sep 15th 2020, 9:12 am
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Default Re: Do I need a Spanish bank account?

Originally Posted by spainrico View Post
Why would you not open a Spanish bank account?
ditto this. yes, it will cost you €20 or €30 a year, but you´ll have a spanish card to use over here to pay for stuff, in the local currency?
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Old Sep 15th 2020, 9:50 am
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Default Re: Do I need a Spanish bank account?

Try online bank account, such as N26, BBVA, Bankia etc.
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Old Sep 15th 2020, 10:39 am
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Default Re: Do I need a Spanish bank account?

Originally Posted by Loafing Along View Post
The Spanish tax authorities will need a Spanish bank account
Does it have to be Spanish or just in Euro? Would a Transferwise account be enough? Or a Euro account from any other EU-based bank. I thought all Euro accounts would be valid anywhere in EU.
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Old Sep 15th 2020, 2:10 pm
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Default Re: Do I need a Spanish bank account?

Originally Posted by malcom1970 View Post
Does it have to be Spanish or just in Euro? Would a Transferwise account be enough? Or a Euro account from any other EU-based bank. I thought all Euro accounts would be valid anywhere in EU.
All you need is Spanish IBAN.
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Old Sep 16th 2020, 8:59 am
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Default Re: Do I need a Spanish bank account?

Originally Posted by Joppa View Post
Try online bank account, such as N26, BBVA, Bankia etc.
So I could set up a Spanish bank account online before arriving in Spain?
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Old Sep 16th 2020, 9:03 am
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Default Re: Do I need a Spanish bank account?

Originally Posted by hedley_01 View Post
So I could set up a Spanish bank account online before arriving in Spain?
Yes.

Look at OpenBank, Wefferent, Imigin, BBVA etc.
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Old Sep 16th 2020, 9:04 am
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Default Re: Do I need a Spanish bank account?

Originally Posted by Joppa View Post
All you need is Spanish IBAN.
What is an IBAN? Don't you need a Spanish bank account to get this number?

Thanks
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Old Sep 16th 2020, 9:04 am
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Default Re: Do I need a Spanish bank account?

Originally Posted by hedley_01 View Post
So I could set up a Spanish bank account online before arriving in Spain?
You need Spanish residential address to which your debit card is sent, and you normally need Spanish phone number - landline or mobile with +34 prefix. So it may be difficult to set one up before arriving in Spain.
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Old Sep 16th 2020, 9:36 am
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Default Re: Do I need a Spanish bank account?

Originally Posted by Joppa View Post
You need Spanish residential address to which your debit card is sent, and you normally need Spanish phone number - landline or mobile with +34 prefix. So it may be difficult to set one up before arriving in Spain.
So, in theory, I could give the address of a friend set up the bank account from the UK and change the address once I am in Spain at my own address?
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