Top Banks in Spain for Non-Residents: Easy Account Setup Guide
Opening a bank account in Spain is one of the first and most important steps for foreigners moving to, investing in, or buying property there. Spain’s banking system is modern, secure, and generally friendly to non-residents — if you know which banks to approach and how. This guide covers the best options and exactly what you need to open an account.
Why You Need a Spanish Bank Account
- Required to receive your Spanish mortgage payments
- Needed to pay property bills (IBI, utilities, community fees)
- Required for many visa applications and residency processes
- Needed to receive rental income if you let your property
- Essential for day-to-day life if relocating
What You Need to Open an Account
Spanish banks apply strict anti-money laundering checks. Have these documents ready:
- Valid passport (original, not a copy)
- NIE number (required by all banks for non-residents)
- Proof of address in your home country (utility bill, bank statement — less than 3 months old)
- Proof of income (payslips, tax return, or pension statement)
- Spanish address (a rental contract, hotel booking, or future property address)
- Source of funds declaration for larger transfers
Best Banks for Non-Residents in Spain
1. Santander
Spain’s largest bank with the widest international presence. Good option if you also bank with Santander in your home country — international transfers are smoother.
- English-speaking staff in major branches
- Strong online banking platform
- Non-resident accounts available without local address
- Good non-resident mortgage products
2. BBVA
Spain’s second largest bank. Excellent digital banking and strong international reputation.
- Highly rated mobile app
- Good for self-employed and business owners
- Competitive non-resident mortgage rates
- English support available online
3. CaixaBank
Largest bank by number of branches in Spain — meaning you’ll find one almost everywhere.
- Widest branch network in Spain
- Strong in Catalonia and Mediterranean regions
- Good property mortgage products
- HolaBank service specifically for international clients
4. Sabadell
Particularly strong in the Valencia region and with British expats following its historic UK operations.
- Expat-friendly with dedicated international client teams
- Good non-resident mortgage products
- Strong in Costa Blanca and Valencia regions
- Competitive rates for UK nationals
5. Bankinter
Known for competitive mortgage rates and good service standards. Strong digital platform.
- Consistently competitive mortgage rates
- Good for higher-income non-resident buyers
- Excellent online and mobile banking
Non-Resident vs Resident Accounts
| Feature | Non-Resident Account | Resident Account |
|---|---|---|
| NIE required | Yes | Yes |
| Spanish address required | Sometimes | Yes |
| Monthly fees | €0–€20/month | €0–€15/month |
| Interest on deposits | Lower | Standard |
| Mortgage eligibility | Up to 70% LTV | Up to 80% LTV |
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