TOP 10 Best Banks and Bank Accounts in Spain 2022

Whatever the case may be, finding the best bank is always important, and something we may want when looking to open a bank account. Therefore, in this article we show the list of best banks in Spain.
Now, the best bank in Spain is an institution that must fulfill some requirements and provide quality services, when it comes to accounts, withdraw, mobile and security solutions, attention, permanent availability and more.
Here is a list of best bank in Spain 2021. Few financial enterprises with banking services that are worthy of being mentioned and standing out in the current year, some of them known worldwide for Spain banking relevance and supervised by the Banco de España.
Financial institutions mentioned in this article are considered by users and specialized entities as best bank to withdraw money, make deposits, open account, and ask for loans and other procedures, even online and with low commissions,English speaking and straightforward operability.

Best Banks in Spain for Expats

Spain is a country where many people go to work and make a living coming from other countries, whether from the EU or also from Latin America, Asia and the rest of the continents.
These non-residents in the Spanish country are in the need to have a bank account, immediately and in order to start paying for services, such as rent and different subscriptions where local accounts or debit card use is required.
Depending on their characteristics, services and general approach, there are banks in Spain that are better for expats than others, since requirements are not the same in comparison to residents.
Such features are related with paperwork that shows identity and employment, residences, visas, along with general services such as being the best bank to withdraw money in Spain, commission-free solutions, quality service, security and credit and debit card use. Here are some of the best banks in Spain for non-residents.

1. BBVA Bank Spain

When it comes to opening a bank account in Spain and particularly for non-residents, the BBVA Bank Spain is definitely a choice to have in mind. This financial group is the second largest and most relevant in the whole country, created in 1857 and fused with Argentaria Bank in 1999, having operations in over 30 countries and including South America. In terms of services, the BBVA bank makes easy to use its services through the mobile app, in terms of transactions and money transfers, service payment and even account opening, all through the application where BBVA online banking Spain really shines.

There is also the chance for expats to open the Non-resident bank account BBVA bank, and therefore starting having the benefits of being integrated into the financial system of the country, with basic requirements.

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2. Banco Popular

Banco Popular Bank Spain is a financial institutions that offers up to 1800 local branches in the entire country, based in Madrid and with a business and monetary model that offers banking respecting two different approaches: asset management banking, insurance banking, real estate banking and commercial banking.
This financial institution is present in Spain, as well as in the United States, Mexico and other countries, with advantages that clearly benefit users that are expats or non-residents in any of these nations. Banco Popular Online Banking Spain platform is available to perform and carry out different financial procedures, from a smart phone computer.

3. Santander Bank

The Santander Bank Spain group is the biggest financial entity of this sort in Spain, and therefore offering services and solutions that make easier for users to carry out operations, especially the Santander Online Banking Spain that allows to open new accounts, make money transfers and pay for services, all in one place and through one application on the phone.
This is particularly a great advantage for non-residents, with basic requirements that are needed and guarantying reliability, security, low commissions and English speaking workers for those who does not speak Spanish.

4. Sadabell Bank Spain

Sadabell Bank Spain is at spot 5 in terms of the largest financial organizations in the country. Being recommended for their solutions for small and half-size industries and businesses, Sadabell is perfect for entrepreneurs coming to Spain to work. This bank is suitable also for those non-residents of the country who want to be integrated with the financial system, and obtain a debit card and online access to the official Sadabell platform to make payments.

Another advantage for non-residents is the fact that this bank offers a professional team of workers, English-speakers and contracts and policies also written in this language for immigrants from United States, England and other countries. Commissions are low too and there is also availiability of banco Sadabell Spain online banking.

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5. Bankia Spain

Bankia Spain financial group is a relatively new bank created in the country in 2010, fusing 10 other smaller entities into one that was founded as an Institutional Protection Scheme or ISP. When it comes to advantages and services for the non-residents, Bankia is perfect by providing suitable solutions, such as the On Account or Cuenta On, with no commission whatsoever for any transaction, and also no minimum balance requirement either.

The best part is that accounts can be open online and operations are also carry out this way, and in case users are in the need of going to a local branch, the staff is very professional and capable of speaking English.

CaixaBank and Bankia Boards of Directors approved a merger plan to create Spain’s leading bank.The new entity, which will maintain the CaixaBank brand, is to be founded with the aim of adding value to customers, improving profitability for shareholders and continuing to support Spain’s economic recovery. More info here:

https://www.bankia.com/en/communication/news/caixabank-bankia-merger-plan-spains-leading-bank.html

Online Bank Accounts In Spain

A few banks in Spain offer financial solutions using a relatively new approach, having plenty of advantages respecting time saving, permanency, reliability, ease of use and even opening; we are talking about the online bank accounts.
Different entities allow to open bank account Spain online with an easy procedure, through platforms on the internet, such as websites and applications that can be executed in computers, laptops, tablets and smartphones.
Opening an online bank account in Spain is a service that a few banks in the country offer, allowing the user to carry out the procedure completely by themselves, resulting quite useful for expats and non-residents that want to have a debit card and online bank accounts to manage money and perform transactions. These are a few banks in Spain that provide online bank accounts:

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1. Revoult Spain

The Revoult Spain online bank is a digital banking app; a new approach about offering financial solutions, through an application in which the user can do every procedure and transaction, with low fees, reliability and state-of-the-art features. The focus of the Revoult bank is offering financial advantages and tools for those who travel a lot or have the need to work in other country other than their own, and being non-residents the need some features that allow them to spend money and pay on the go, including internationals transactions.

For many, Revoult Spain is perfect for expats since it gives the user a suitable bank account with international approach, digital and accesable from any device, with no hidden fees and an IBAN number that is required in Spain for money transactions and pay insurance and other services.

2. N26 Online Bank

The N26 is completely an app-based digital bank founded in Germany, but offering services in Spain and even the IBAN number that is required for formal financial operations in the country and the possibility to have a bank account and make payments.

N26 Spain Bank does not have physical branches but does not need them at all, since the amazing application offers every service, function and possibility of managing assets and perform different procedures and transactions, all though mobile devices. That is why; it is a perfect choice for those who travel or non-residents that work in the Spain and need bank account.

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3. TransferWise

TransferWise is a multi-currency service and online digital account, designed for those users that work abroad and are in the need of a financial platform, always available and with access to a debit card for withdrawing money directly from ATMs.
Accounts in TransferWise Spain can be open directly from a smartphone or tablet using the application, following a few steps and being ideals for non-residents, not only in Spain but in all countries of the EU, England, United States, New Zealand and others, working the account and debit card just fine in every territory. Currencies are not a problem since exchange rates are taken directly and fees are of the smallest users can find.

Wrapping up… The best bank account for non-residents.

When it comes to financial solutions and bank accounts that are mandatory to use for different services and operations in Spain, and particularly for non-residents and expats that work in the country and travel abroad frequently, online bank accounts and app-based accounts are perfect,
This is because of their remote approach, basic requirements and ease of use, with no need of physical branches, low fees and availability of international transactions overseas that make users´ lives a lot easier with simple ATM withdrawals in different currencies and with small commissions, in comparison to traditional local bank accounts.

For expats who prefer a more traditional and physical banking arrangement, we have listed the larger Spanish banks: Banco Santander, BBVA, CaixaBank, and Banco de Sabadell as this is where you are most likely to find English-speaking staff and plentiful ATM cash machines.

What is the most popular bank in Spain? ›

Banco Santander is the largest bank in Spain in both revenue and assets. This bank was founded in Santander in 1857 and since 2000, the Spanish bank has been expanding, even more, operating on 4 different continents.

Are there any free Spanish bank accounts? ›

The Fee-Free Online Account is only for new customers who live in Spain. It can be opened 100% online through bbva.es and the BBVA app. You can view your account entries and account statement from our website or on your cell phone or tablet.

Which is the safest bank in Spain? › Best Bank Accounts In Spain

1 Best Banks in Spain for Expats. 1.1 1. BBVA Bank Spain. 1.2 2. Banco Popular. 1.3 3. Santander Bank. 1.4 4. Sadabell Bank Spain. 1.5 5. Bankia Spain.
2 Online Bank Accounts In Spain. 2.1 1. Revoult Spain. 2.2 2. N26 Online Bank. 2.3 3. TransferWise.

What is the best bank account to have in Spain? ›

BBVA Cuenta Online – Best Spanish Bank

BBVA is a Spanish bank with an excellent reputation, and their mobile app has won numerous awards. You can open a Cuenta Online with no commissions in 10 minutes using the mobile app. Their website is available in multiple languages including English.

What is the best bank for foreigners in Spain? ›

ING is one of the best banks known internationally and within Spain. A benefit that many expats enjoy the most with ING is the high quality online banking. This also means an account can be opened online and funded.

Which bank is best to open bank account? › Top Savings Bank Accounts of 2022

State Bank of India (SBI) Savings Account. 2.70% p.a.
HDFC Bank Savings Account. 3.50% p.a.
Kotak Mahindra Bank Savings Account. 3.50% p.a.
DCB Bank Savings Account. 6.50% p.a.
RBL Bank Savings Account. 6.00% p.a.
IndusInd Bank Savings Account. 5.00% p.a.
ICICI Savings Bank Account. 3.50% p.a.

What is the cheapest bank to open an account? › Best no-fee checking accounts

Best overall: Capital One 360® Checking Account.
Runner-up: Ally Interest Checking Account.
Best for rewards: Discover Cashback Debit Account.
Best for out-of-network ATMs: Alliant Credit Union High-Rate Checking Account.
Best for students: Chase College Checking℠ Account.

Which banks dont charge ATM fees in Spain? ›

What’s the Best ATM to Use in Spain? ATM fees in Spain will range from around 50 cents to around €6 per withdrawal. Deutsche Bank is the only major bank we found that charges no ATM fees in Spain.

How can I avoid bank fees in Spain? ›

Maintaining a minimum balance (this is normally a daily minimum, not the average during the month) Using the credit card issued by the bank a minimum of 2 or more times a month or quarter. Having several direct debits (your usual household bills)

Do I need an NIE to open a bank account in Spain? ›

Yes, depending on the type of bank you are able to open a bank account without your NIE number. Some banks that offer the possibility to open a bank account without a NIE number: LaCaisa, Bankinter, Santander and Sabadell. Get in touch with the bank of your preference to see what the possibilities are.

Can I open a HSBC account in Spain? ›

You can apply if you’re at least 18 years old and have a valid reason for opening an overseas account. Additional criteria may apply depending on your destination.

Can foreigners open bank account in Spain? ›

Yes, a foreign non-resident in Spain can open a bank account. To do so, they must take an ID document (normally a passport) and a certificate of non-residency to any of our branches.

Do all Spanish banks charge for current accounts? ›

Most current accounts in Spain incur annual fees that are usually around €15–20, although it’s worth shopping around as some banks offer deals as well as cheaper accounts for the likes of students or pensioners.

Which bank is best for non residents? › Best Banks for Non-US Citizens

HSBC.
Citi.
Bank of America.
Capital One.
Chase.
Charles Schwab Bank.
Wells Fargo.
Wise.

What is the biggest bank in Spain? › How much money can you withdraw from an ATM in Spain? ›

Your cash withdrawal limit varies from bank to bank. Most ATM withdrawal limits are between €200–€300 a day. Always be aware of your bank’s withdrawal limit, especially if the money you need exceeds that amount. For N26 customers, the maximum withdrawal limit from an ATM is €2,500 for most countries.

What international banks are in Spain? ›

The key banks in Spain include Santander, La Caixa, BBVA, Bankia (the big 4), Bankinter, ING and EVO Banco.

Is BBVA bank good? ›

Is BBVA A Good Bank? BBVA USA offers good banking products, convenient ATM access, and excellent customer service. It’s a solid choice to consider if you live in a BBVA service area and are looking for a physical bank with a free checking option. The downside is the low savings rate.

How easy is it to change banks in Spain? ›

The transfer of accounts between banks in Spain takes at least 15 business days from the application date (this includes the period for every account holder to sign). If you wish, you can also request that it be done over a longer period of time.

How can I avoid bank fees in Spain? ›

Which Spanish banks do not charge for ATM withdrawals? ›

What international banks are in Spain? ›

The key banks in Spain include Santander, La Caixa, BBVA, Bankia (the big 4), Bankinter, ING and EVO Banco.

Can a foreigner open a bank account in Spain? ›

Yes, a foreign non-resident in Spain can open a bank account. To do so, they must take an ID document (normally a passport) and a certificate of non-residency to any of our branches.

What is the best bank for foreigners in Spain? ›

How much cash can I deposit in my Spanish bank account? ›

The maximum amount you can deposit in a bank without having to declare it in Spain is also set at €10,000. Remember, however, that if your deposit exceeds €3,000 the bank does have an obligation to notify the authorities of your operation.

Do I need an NIE to open a bank account in Spain? ›

What is the best way to get cash in Spain? ›

Cash is usually withdrawn from automatic teller machines at bank branches. In addition, in Spain it is easy to find ATMs to withdraw cash in shopping centres and shopping areas, large urban centres and historic centres in small towns.

Which bank charges the least amount of fees? › Best no-fee checking accounts

Best overall: Capital One 360® Checking Account.
Runner-up: Ally Interest Checking Account.
Best for rewards: Discover Cashback Debit Account.
Best for out-of-network ATMs: Alliant Credit Union High-Rate Checking Account.
Best for students: Chase College Checking℠ Account.

Do all Spanish banks charge for current accounts? ›

Which bank is best to open bank account? ›

Top Savings Bank Accounts of 2022

State Bank of India (SBI) Savings Account. 2.70% p.a.
HDFC Bank Savings Account. 3.50% p.a.
Kotak Mahindra Bank Savings Account. 3.50% p.a.
DCB Bank Savings Account. 6.50% p.a.
RBL Bank Savings Account. 6.00% p.a.
IndusInd Bank Savings Account. 5.00% p.a.
ICICI Savings Bank Account. 3.50% p.a.

What is the biggest bank in Spain? › Can I open a Spanish bank account online? ›

Open a bank account even you are not living in Spain

Yes, you can apply for a resident’s bank account online. In some cases, you can also apply for a bank account as a non-resident online. Either way, you will need to visit a branch or meet with a financial advisor to submit the paperwork.

How much do you need in the bank to live in Spain? ›

Main Applicant – The main visa applicant will need to prove an income of 400% of the Spanish IPREM (Indicador Público de Renta de Efectos Múltiples), which in 2022 equates to €579,02. This means you will need to have an income of at least €2,316,08 per month or its legal equivalent in foreign currency.

How easy is it to open a bank account in Spain? ›

Accounts are typically opened almost immediately (within 1–5 days) with documentation and credit cards dispatched within two weeks. You will typically need to provide the following: Proof of identity (e.g., passport) Spanish foreigner identification number (NIE) and certificate (número de identificación de extranjeros)

What is the difference between a resident and non-resident bank account in Spain? ›

As the name suggests, resident accounts are for people living in Spain, and non-resident accounts are for people living abroad who may still wish to have an account there. A non-resident account might be the right choice for you if you’re buying property in Spain, but won’t be living there most of the time.

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