Mejores bancos para expats en España
Advice

Best banks for expats in Spain

Opening a bank account is one of the first steps for anyone moving to Spain to live or work. Having a local account makes it easier to receive your salary, pay rent, set up direct debits for bills, or make transfers. However, for many expatriates, the banking system can seem confusing at first.


In this guide, we analyze the best banks for expats in Spain, comparing traditional and digital banks, as well as the factors to consider when choosing one.


What an expat should look for in a bank in Spain


Not all banks offer the same conditions for international clients. Before choosing a bank, it is worth considering aspects such as:


  1. Ease of opening an account as a non-resident
  2. Customer service in English or other languages
  3. Monthly fees or conditions to avoid them
  4. International transfers
  5. Quality of online banking or mobile app
  6. ATM network


Some banks are more used to working with foreigners and offer specific accounts for non-residents or new residents.


Best traditional banks for expatriates


Banco Santander

Banco Santander is one of the largest banks in Spain and has a strong international presence. Main advantages:


  1. Wide network of branches and ATMs
  2. Experience with non-resident accounts
  3. Services and support for international clients


It is a popular option among expatriates looking for a bank with a global presence and comprehensive services.


BBVA

BBVA is one of the best-known banks in Spain and stands out especially for its digital banking. Key features:


  1. Online account with no fees in some cases
  2. Highly rated mobile app
  3. Simple and digital account opening


Thanks to its technological focus, it is often a recommended option for expats who prefer to manage their finances from their mobile phone.


Banco Sabadell

Banco Sabadell has developed products designed for international clients. Advantages:


  1. Customer service in English in many branches
  2. Services designed for expatriates
  3. Good support for complex banking procedures


It is an interesting option for those looking for personalized assistance when arriving in Spain.


CaixaBank (HolaBank)

CaixaBank offers specific programs for foreigners, such as HolaBank, aimed at expatriates and international residents. Featured services:


  1. Assistance with administrative procedures
  2. Extensive ATM network in Spain
  3. Relocation and banking management services


It is often recommended for those who need support during the process of settling in the country.


Best digital banks for expats

In recent years, neobanks or digital banks have become very popular among expatriates thanks to their ease of use and lower fees.


N26

N26 is a European digital bank that allows accounts to be opened completely online. Advantages:


  1. Quick opening from your mobile phone
  2. No-fee account in its basic version
  3. International card and advanced app


It is especially popular among digital nomads and international professionals.


Wise

Wise, formerly TransferWise, is not a traditional bank, but it offers multi-currency accounts widely used by expatriates. Advantages:


  1. Currency conversion with competitive rates
  2. Accounts in multiple currencies
  3. Ideal for international transfers


It is especially useful for those who receive income in other currencies or work for international companies.


Banks specialized in services for foreigners


Some institutions stand out for offering specific services for expatriates or new residents. Among the most frequently mentioned options are:


  1. ING → online banking with low fees
  2. Bankinter → good digital banking and financial products
  3. imagin by CaixaBank → digital bank aimed at young people and mobile users


In many cases, expatriates combine a traditional bank for local procedures with a digital bank for international transfers.


Documents needed to open an account


To open a bank account in Spain, the following documents are usually required:


  1. Passport or identity document
  2. NIE, or Foreigner Identity Number, or proof of application
  3. Address in Spain
  4. Spanish phone number


Some banks allow accounts to be opened even before obtaining the NIE, although it will need to be provided later.


Tips for choosing the right bank


Before opening an account in Spain, it is worth considering some practical aspects.


Compare fees

Some accounts have maintenance costs if certain conditions are not met.


Assess digital banking

Mobile apps can make day-to-day management much easier.


Check the ATM network

Choosing a bank with nearby ATMs can help avoid cash withdrawal fees.


Think about international use

If you frequently make transfers between countries, it is worth choosing banks with good conditions for international payments.


Frequently asked questions about banks for expats


Can an expatriate open a bank account in Spain?

Yes. Both residents and non-residents can open accounts with Spanish banks, although conditions may vary.


Is an NIE required to open an account?

In many cases, yes, although some banks allow accounts to be opened initially with only a passport.


Which bank is easiest for foreigners?

BBVA, Santander, or digital banks such as N26 are often considered among the most accessible options for expats.


Is a traditional or digital bank better?

It depends on your needs. Traditional banks make local procedures easier, while digital banks usually have lower fees and better international transfers.