How to Open a Non-Resident Bank Account in Spain

Why Do You Need a Non-Resident Account?

If you are not a tax resident in Spain (spending less than 183 days a year in the country) but need to handle financial transactions here, a non-resident bank account is the right tool. It's crucial for buying property, paying non-resident taxes (like IRNR), receiving rental income, or managing expenses for your stays.

Common Requirements and Documentation

Although requirements can vary by bank, you will generally be asked for:

• A valid passport or national ID card.
• NIE (Foreigner Identification Number): This is essential. If you don't have one, learn more about how to get your NIE.
• Certificate of Non-Residency: A document issued by the National Police that proves your non-resident status. Some banks handle this internally, but it's advisable to have it.
• Proof of your economic activity: A recent payslip, tax return, or company certificate to comply with anti-money laundering regulations.
• Proof of address in your home country: A recent utility bill or a certificate of residence.

Important: Documents from non-EU countries may require a sworn translation into Spanish and/or a Hague Apostille.

Opening Process

1. Choose a Bank: Compare conditions from banks like Santander, BBVA, Caixabank, or Sabadell, which often have experience with international clients.
2. Gather Documents: Make sure you have all the necessary paperwork in the required format.
3. Visit a Branch: You will generally need to visit an office in Spain to sign contracts and verify your identity. If you cannot travel, you can grant power of attorney to a representative.
4. Sign Contracts and Activate: Read the terms carefully. Some banks may require an initial deposit to activate the account.

Fees and Maintenance

Non-resident accounts often have higher maintenance fees. Always ask about all associated costs:

• Account maintenance fees.
• Card issuance and renewal costs.
• Fees for domestic and international transfers (SEPA and non-SEPA).
• Charges for ATM withdrawals.

You can find more information in our guide on bank fees and transfers.