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Opening a Bank Account in Spain (as a non-resident)

Opening a Bank Account in Spain (as a non-resident)

Old Mar 6th 2012, 12:47 pm
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Question Opening a Bank Account in Spain (as a non-resident)

Does anybody have any useful information or recommendations regarding opening a Euro bank account in Spain if you are legally classified as a non-resident.

I have a Santander account in the UK and I'm wondering if that will count for anything over there if I try to open a Euro account with Santander?

Or does anyone have any experience opening a bank account there when classed as non-resident, and if so, please could you tell me about the process and costs involved.

Thank you very much
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Old Mar 6th 2012, 1:02 pm
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Default Re: Opening a Bank Account in Spain (as a non-resident)

Originally Posted by lunarsea
Does anybody have any useful information or recommendations regarding opening a Euro bank account in Spain if you are legally classified as a non-resident.

I have a Santander account in the UK and I'm wondering if that will count for anything over there if I try to open a Euro account with Santander?

Or does anyone have any experience opening a bank account there when classed as non-resident, and if so, please could you tell me about the process and costs involved.

Thank you very much
opening an account as a non-resident is very simple - though different banks will have slightly different requirements

often all you'll need is your passport & some money - and not even very much of that

some banks ask for bank statements from your UK bank, for some reason
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Old Mar 6th 2012, 1:06 pm
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Default Re: Opening a Bank Account in Spain (as a non-resident)

Thanks for the reply.

Do you know if these accounts have annual or monthly charges, and if so, what kind of amount I should expect to pay?
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Old Mar 6th 2012, 1:15 pm
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Default Re: Opening a Bank Account in Spain (as a non-resident)

Originally Posted by lunarsea
Thanks for the reply.

Do you know if these accounts have annual or monthly charges, and if so, what kind of amount I should expect to pay?
We opened a Santander bank account for friends of ours before they were actually resident and they had to show proof of their pension (for some reason).

In my experience, bank charges are normally annual - however, some banks don't charge (Sabadell for example). There are also high charges for debit and credit cards so shop around if you require these.
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Old Mar 7th 2012, 5:00 pm
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Default Re: Opening a Bank Account in Spain (as a non-resident)

Santander banks don't charge any fees or exhcange rate commissions when you use their debit cards in Santander machines in either Spain or the UK, regardless of whether the account is held in the UK or Spain.

If you travel back and forth more than a couple times per year, Santander is a good solution.

And opening an account is easy - if you already have a Santander account in the UK, it will take only a few minutes with a passport alone at a Spanish Santander branch.
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Old Mar 7th 2012, 5:17 pm
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Default Re: Opening a Bank Account in Spain (as a non-resident)

Thank you all once again for your helpful answers. Both Sabadell and Santander sound like good options.

Do you know if Santander charge any annual fees for their Euro account for non-resident holders?
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Old Mar 7th 2012, 9:00 pm
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Default Re: Opening a Bank Account in Spain (as a non-resident)

Spanish banks know how to charge! Check before you open an account.
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Old Mar 8th 2012, 1:18 pm
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Default Re: Opening a Bank Account in Spain (as a non-resident)

Originally Posted by lunarsea
Thank you all once again for your helpful answers. Both Sabadell and Santander sound like good options.

Do you know if Santander charge any annual fees for their Euro account for non-resident holders?
We don't have Santander because we don't visit the UK that often.

Instead we have LaCaixa, which is perhaps the most "convenient" bank in Spain since they have a branch and/or machine in many places in virtually every town.

Their fees for non-resident accounts are about €3 per month and about €30 per year for your Visa debit card. As a resident, the monthly fee is €1-something and the annual fee for the card is about €20. Their online banking is available in 7 languages, including English. As long as you use LaCaixa machines for cash withdrawls (there are many, everywhere), then there are no transaction fees.

Also, at LaCaixa cash machines, you can do just about anything - pay bills, transfer money abroad, reload your mobile, and many other functions.
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Old Mar 9th 2012, 9:55 am
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Default Re: Opening a Bank Account in Spain (as a non-resident)

Lloyds Int only charge 5 euros for a debit card and no charges if you keep 600 balance
although there is a 12 euro charge every two years for non residents (they say for some type of certificate).
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Old Mar 9th 2012, 10:07 am
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Default Re: Opening a Bank Account in Spain (as a non-resident)

Originally Posted by lunarsea
Does anybody have any useful information or recommendations regarding opening a Euro bank account in Spain if you are legally classified as a non-resident.

I have a Santander account in the UK and I'm wondering if that will count for anything over there if I try to open a Euro account with Santander?

Or does anyone have any experience opening a bank account there when classed as non-resident, and if so, please could you tell me about the process and costs involved.

Thank you very much
Following on from this thread which answered a question that I had.

Is it necessary for a non resident who wishes to buy a holiday apartment here to have a NIE number and if so would they need the NIE number before being able to buy property?
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Old Mar 9th 2012, 10:19 am
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Default Re: Opening a Bank Account in Spain (as a non-resident)

Originally Posted by Michael74
Following on from this thread which answered a question that I had.

Is it necessary for a non resident who wishes to buy a holiday apartment here to have a NIE number and if so would they need the NIE number before being able to buy property?
yes - the paperwork for the purchase can't be done without a NIE
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Old Mar 9th 2012, 10:42 am
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Default Re: Opening a Bank Account in Spain (as a non-resident)

... and going a bit further, you need the NIE number to be able to pay your taxes (imputed rent!) as well.
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Old Mar 9th 2012, 12:03 pm
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Default Re: Opening a Bank Account in Spain (as a non-resident)

Originally Posted by amideislas
We don't have Santander because we don't visit the UK that often.

Instead we have LaCaixa, which is perhaps the most "convenient" bank in Spain since they have a branch and/or machine in many places in virtually every town.

Their fees for non-resident accounts are about €3 per month and about €30 per year for your Visa debit card. As a resident, the monthly fee is €1-something and the annual fee for the card is about €20. Their online banking is available in 7 languages, including English. As long as you use LaCaixa machines for cash withdrawls (there are many, everywhere), then there are no transaction fees.

Also, at LaCaixa cash machines, you can do just about anything - pay bills, transfer money abroad, reload your mobile, and many other functions.

after some bad moments with BBVA opened an account with La Caixa, good local office (in a town of 5000peeps), speak English, demonstrated the operation of the machine and also the internet banking - which has a number of languages ready for selection.

the account costs €2.25/m but once you become a pensionista all charges are dropped. you don't have to make a deposit on opening the account but will take the account charges once money starts coming in.

look forward to a very sensible and grown up relationship with them, unlike the one BH has with Santander
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