How to Open a Spanish Bank Account as a UK Expat in 2025
Moving to Spain from the UK isn’t just about sunny skies and a fresh start—it’s also about navigating practical challenges. One of the big questions we often get asked is: “Should I open a Spanish bank account before I move, or wait until I’m settled?”
The short answer is: it depends on your circumstances—but don’t worry, we’re here to walk you through both options.
Whether you’re buying a home, renting a flat in Madrid, or planning to remote work from Valencia, this guide will help you decide the best time (and way) to open your Spanish bank account in 2025.
Why You’ll Need a Spanish Bank Account
A local bank account is essential for:
- Paying your rent or mortgage in euros
- Setting up electricity, gas, water, and broadband
- Receiving salary or pension payments
- Paying Spanish taxes or property fees
- Purchasing a car or arranging insurance
- Complying with certain visa or residency requirements
While international banking services like Wise or Revolut are helpful short-term, most landlords, agencies, and utility companies in Spain will expect a Spanish IBAN from a domestic bank.
What Type of Account Do You Need?
There are two main types of bank accounts for expats in Spain:
1. Non-Resident Account (Cuenta No Residente)
- Designed for people living abroad but needing a Spanish account
- Ideal if you’re buying property, paying a deposit, or planning remotely
- Fewer services compared to resident accounts
- Requires certificate of non-residency
2. Resident Account (Cuenta de Residente)
- Available once you’ve registered your address and received your NIE/TIE
- Full access to online banking, debit cards, standing orders, etc.
- More competitive fees and product offerings
- Some accounts require a minimum income or monthly deposit
Should You Open a Bank Account Before or After Moving to Spain?
Opening Before Moving (Non-Resident Account)
Best if you:
- Are buying property in Spain before moving
- Need to transfer money in advance
- Want to set up utilities or sign contracts remotely
- Prefer to organise finances early
Pros:
- Start transferring money and paying bills in advance
- Can help speed up property purchases
- Gives peace of mind before arrival
Cons:
- Limited account features
- Requires additional paperwork
- Some banks may not offer this option remotely
Opening After Moving (Resident Account)
Best if you:
- Are renting short-term or temporarily relocating
- Prefer to handle documents and ID setup in person
- Have already obtained your NIE or TIE
Pros:
- More account options and better rates
- Full banking services (direct debits, credit, insurance)
- Easier to set up once in Spain with an address and ID
Cons:
- Can’t easily pay deposits or utility setup in advance
- May cause delays if you arrive without access to funds
What Documents Do You Need?
Non-Resident Account | Resident Account |
|---|---|
Valid passport | Valid passport |
Certificate of non-residency | NIE or TIE card |
Proof of UK address | Proof of Spanish address |
Proof of income or pension | Proof of income or employment |
NIE (optional) | Spanish mobile number (often required) |
Tip: Some banks may ask for officially translated documents or an apostille stamp.
Best Banks in Spain for UK Expats (2025)
- Banco Sabadell – Expat-friendly with English online banking
- CaixaBank – Large branch network, expat insurance
- Santander – International reach and dual-currency cards
- BBVA – Tech-savvy mobile banking options
- Bankinter – Property finance and investor accounts
Fees, Transfers & Currency Considerations
- Most Spanish banks charge a small monthly fee unless you meet monthly income thresholds
- Use Wise or Currencies Direct for competitive transfers
- Minimise ATM withdrawal charges by using your bank’s own machines
Final Thoughts: Plan Your Banking Around Your Move
If you’re:
- Buying property or moving funds early – open a non-resident account before your move
- Relocating long-term and have your NIE/TIE – open a resident account once in Spain
Whichever you choose, plan early. Opening a bank account in Spain often takes more paperwork and time than in the UK.
Helpful Resources
- International Moving Timeline
- Removals to Spain Services
- Cost of Living in Spain vs UK
- NIE and TIE Explained
- Contact Us
Let Matthew James Help You Move with Confidence
At Matthew James Removals Spain, we’ve helped thousands of families, professionals, and retirees make a smooth transition to life in Spain. From logistics and customs to part-load options and local delivery, we make your move easier.
Contact us today for a free quote and moving plan tailored to your timeline.
