Top Banks in Spain for Non-Residents: Easy Account Setup

Opening a bank account in Spain is one of the first steps for foreigners moving, investing, or buying property there. Spain’s banking system is modern, secure, and friendly to non-residents, including expats, investors, and digital nomads.

Whether you live abroad or plan to stay temporarily, choosing the right Spanish bank will make your financial life much easier. This guide explains how to open a non-resident bank account in Spain, which banks in Spain are best for foreigners, and what to expect during the process.

Banking in Spain for Non-Residents

Spain has one of Europe’s strongest banking networks. Major institutions such as Banco Santander, BBVA, CaixaBank, and Banco Sabadell serve millions of local and international clients.

Foreigners and non-residents can open a Spanish bank account without needing citizenship or permanent residency. These accounts are ideal for:

• Property owners and investors
• Expats living in Spain temporarily
• Digital nomads or remote workers receiving payments in euros
• Retirees relocating to Spanish cities or coastal areas

If you are planning to open a bank account in Spain as a non-resident, it’s important to know the required documents and which banks offer the most convenience and English support.

Can Non-Residents Open a Bank Account in Spain?

Yes. Foreigners, including Americans, Britons, and EU citizens, can open a non-resident bank account in Spain. The process is straightforward once you meet basic identification requirements.

Types of Accounts

• Resident Account: For those living or working in Spain full-time.
• Non-Resident Account: For individuals without Spanish residency who need to manage property, investments, or transfers.

Required Documents

To open a Spanish bank account, most banks will ask for:

• A valid passport or national ID
• Proof of address (utility bill or rental contract)
• Proof of income or employment (optional)
• NIE number (Número de Identificación de Extranjero) – sometimes optional

If you prefer not to get an NIE, some banks allow you to open a Spanish bank account without NIE, especially for short-term or online use.

Read Also: How Do I Get a NIE Number in Spain? Non-Resident Easy Guide

How to Open a Non-Resident Bank Account in Spain (Step-by-Step)

Follow these steps for a smooth experience:

1. Choose a Bank – Compare options like Santander, BBVA, CaixaBank, or Sabadell.
2. Prepare Documents – Gather your passport, proof of address, and tax details.]
3. Verify Non-Resident Status – Obtain a certificate from a Spanish police station or consulate.
4. Visit a Branch or Apply Online – Many banks now let you open a non-resident bank account online in Spain.
5. Make an Initial Deposit – Usually between €100 and €500.

Once activated, your account allows local and international transfers, debit cards, and online banking in English.

Top Banks in Spain for Non-Residents (2025 Guide)

Choosing the best Spanish bank depends on your needs—digital banking, property transactions, or frequent international transfers. Below are the top-rated options.

1. Banco Santander Spain

Banco Santander is one of the big Spanish banks with a strong international presence. It’s known for reliable service and English-speaking staff.

• Simple process for UK and US citizens
• Mobile app and global transfer support
• Solid mortgage and savings products

Best for: Expats, investors, and international clients

2. BBVA

BBVA is ideal for tech-savvy customers. Its digital app is among the most advanced in Europe.

• Fast online application process
• Low maintenance fees for non-residents
• English customer service available

Best for: Digital nomads and professionals working remotely in Spain

3. CaixaBank

CaixaBank has the largest branch network across Spain, including Barcelona, Madrid, and coastal cities.

• English-speaking staff in tourist and expat areas
• Flexible options for property buyers and retirees
• Access to mortgages and insurance services

Best for: Retirees and homebuyers in Spain

4. Banco Sabadell

Known for customer service and support for foreign property owners, Banco Sabadell offers great flexibility.

• Multi-currency accounts and international transfers
• Competitive mortgage solutions for non-residents
• Low balance requirements

Best for: Investors and property owners

5. Wise (Online Alternative)

For users abroad, Wise offers a digital alternative to traditional banks.

• Fully online setup from outside Spain
• Local EUR IBAN for payments and transfers
• Lower fees than most Spanish banks

Best for: Travelers and freelancers who work internationally

Read Also: Buying Property in Spain as a Foreigner: Full 2025 Guide

Best Banks by City

Different regions offer slightly different advantages.

Banks in Madrid

• BBVA: Headquartered in Madrid, with excellent digital services
• Santander: Strong network and personal support
• CaixaBank: Reliable for mortgages and expats

Banks in Barcelona

• Sabadell: Ideal for expats in Catalonia
• CaixaBank: Major local presence
• ING Spain: Great for online and mobile banking

Coastal cities such as Marbella, Alicante, and Valencia also have expat-friendly branches of these banks.

Fees, Minimum Deposits, and Account Types

Each Spanish bank has different fee structures. Knowing them helps avoid surprises.

Banks like BBVA and Santander often provide no-fee options for clients who use their accounts regularly.

Opening a Spanish Bank Account from Abroad

Many foreigners prefer to open their accounts before arriving in Spain.
Some banks allow you to open a bank account in Spain online using video verification.

For UK and US Residents

• Santander UK and Wise provide direct access to Spanish accounts.
• BBVA and Sabadell offer remote onboarding for non-EU clients.

Banking Tips for Foreigners and Expats

Keep your banking experience simple and secure with these practical tips:

• Choose banks offering English support and digital tools.
• Compare exchange rates before large transfers.
• Avoid paying cash for property; always use bank transfers.
• Keep digital copies of contracts and tax documents.
• Check the number of bank holidays in Spain before visiting a branch.

Mortgages for Non-Residents in Spain

Non-residents can apply for a mortgage in Spain, making property investment more accessible. Spanish banks offer tailored solutions for foreigners, but terms differ from resident mortgages.

Key Points

• Loan-to-Value (LTV): Non-residents usually get up to 70% LTV, meaning a 30% down payment is required.
• Interest Rates: Slightly higher than for residents, typically ranging from 3.5% to 5.5% depending on the bank and borrower profile.
• Documentation Needed:
  
  • Passport
  • NIE number (if available)
  • Proof of income or savings
  • Employment contract or tax returns
  • Credit history report

Top Banks for Non-Resident Mortgages

• Banco Santander Spain: Flexible options for property purchases with English support.
• CaixaBank: Known for competitive rates for foreign investors.]
• Banco Sabadell: Offers multi-currency mortgage accounts and expat-friendly terms.

Tips for Non-Resident Mortgage Applicants

• Compare multiple banks to find the best interest rates and fees.
• Keep documentation organized to speed up approval.
• Understand all costs, including notary, registration, and bank fees.
• Consider using a Spanish mortgage broker experienced with non-resident clients.

If you are a foreigner or Spanish resident looking for a mortgage, contact Tharros Brokers today for expert guidance and hassle-free mortgage support.

Simplify Your Banking in Spain

Opening a Spanish bank account gives you financial stability and flexibility for everyday transactions, property purchases, or long-term stays.

Whether you choose Santander, BBVA, or a digital solution like Wise, Spain offers secure and accessible options for all non-residents.

💡 Planning to buy property or move to Spain?
Tharros Brokers provides expert guidance on legal, financial, and real estate services for foreigners. Contact us today to start your journey with trusted local support.

FAQs About Banks in Spain