Bank Account Comparison in Spain
Find the bank account that best suits your needs as a foreigner in Spain.
Our interactive account comparison tool will be available soon. In the meantime, here's our guide on what to consider.
How to Choose the Best Bank Account in Spain?
Choosing a bank account in a new country can be overwhelming. For foreigners, whether non-residents or recent residents, it's important to look at specific services and ease of use beyond just the maintenance fee.
Common Types of Accounts
- Current Account (Cuenta Corriente): The most common for daily operations (income, payments, cards).
- Savings Account (Cuenta de Ahorro): Aimed at saving money and earning a small return.
- Payroll Account (Cuenta Nómina): Offer advantages (e.g., no fees) if you direct deposit your salary.
- Non-Resident Accounts: Specifically designed for individuals without tax residency in Spain.
- Online Accounts: Offered by traditional banks or neobanks, they usually have lower fees.
Key Criteria for Comparing Accounts
Fees
Check costs for maintenance, cards, domestic and international transfers, and ATM withdrawals.
Services for Foreigners
Look for ease of opening, customer service in your language, and a robust, multilingual online banking and mobile app.
Tied Products
Some "no-fee" accounts require you to direct deposit your salary or buy other products like insurance. Evaluate if it's worth it.
Additional Benefits
Consider any interest offered on savings accounts and potential discounts on bills or rewards programs.
Channels & Support
Do you prefer a physical branch network, or is quality phone support and a great app enough for you?
Solidity & Coverage
Ensure the institution is part of the Spanish Deposit Guarantee Fund, which covers up to €100,000.
Still Unsure?
Choosing the right account is an important step. If you need help analyzing the options and finding the one that best fits your profile, we're here to help.
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